secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0000885508-23-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stratus Properties Q1 2023 net loss $5.8M vs prior-year profit; Holden Hills distribution $35.8M
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- Net loss of $5.8M ($0.71 diluted EPS) vs net income of $2.3M ($0.27) in Q1 2022.
- Revenue $5.8M (up 87% YoY) but EBITDA swung to -$4.2M from +$2.4M.
- Obtained financing for Holden Hills (475 residences); JV distributed $35.8M cash to Stratus in Q1.
- Share repurchases: 359,553 shares bought for $9.2M at avg $25.64; $0.8M remaining from $10M authorization.
- Liquidity: $50.9M cash, $42.7M available on revolver; no borrowings outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000026/0000885508-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000026/strs-20230515.htm
  HTML page:      https://secwatch.observer/filing/0000885508-23-000026

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