---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-23-000033"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T13:34:16.150936+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stratus Properties Q2 2023 net loss $5.3M; revenue down 68% on no property sales

## Summary
- Net loss of $5.3M ($0.64/diluted share) vs net income of $96.6M ($11.53) in Q2 2022; six-month loss $11.1M.
- Total revenue fell to $3.53M from $11.1M; leasing revenue up to $3.47M but real estate ops revenue near zero.
- EBITDA was negative $3.84M vs positive $1.46M a year ago; operating loss widened to $5.35M.
- The Saint June (182-unit multifamily) began occupancy July 2023, completion expected Sept 2023.
- Share buybacks consumed $9.8M of $10M authorization; cash $44.1M, no revolver drawn, debt $137.4M.

## SEC filing metadata
- accession: 0000885508-23-000033
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550823000033/0000885508-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550823000033/strs-20230814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-23-000033
- JSON: https://secwatch.observer/filing/0000885508-23-000033.json
- Plain text: https://secwatch.observer/filing/0000885508-23-000033.txt

## Key facts
- Earnings Releases
  STRATUS PROPERTIES INC reported second-quarter 2023 results: net income Net loss attributable to common stockholders totaled $5.3 million, or $0.64 per diluted share, in second-quarter 2023.
  - Period: second-quarter 2023
  - Net income: Net loss attributable to common stockholders totaled $5.3 million, or $0.64 per diluted share, in second-quarter 2023
  - Result: reported results
  source text: Stratus Properties Inc. issued a press release dated August 14, 2023, announcing its second-quarter 2023 results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885508/000088550823000033/0000885508-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.