---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-23-000053"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T04:26:05.091447+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Stratus Properties Q3 2023 net loss $2.8M ($0.35/share) vs loss $2.4M; revenue down 63% to $3.7M

## Summary
- Net loss attributable to common stockholders $2.8M ($0.35 diluted) vs $2.4M loss ($0.29) in Q3 2022.
- Total revenue $3.7M, down from $10.0M; no real estate sales in Q3 2023 vs $6.9M in prior year.
- EBITDA negative $1.9M vs negative $1.2M in Q3 2022.
- Completed construction of The Saint June; 25% of units leased with rents above initial projections.
- Board authorized new $5M share repurchase program; prior $10M program completed with 389,378 shares repurchased at avg $25.68.

## SEC filing metadata
- accession: 0000885508-23-000053
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550823000053/0000885508-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550823000053/strs-20231114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-23-000053
- JSON: https://secwatch.observer/filing/0000885508-23-000053.json
- Plain text: https://secwatch.observer/filing/0000885508-23-000053.txt

## Key facts
- Earnings Releases
  STRATUS PROPERTIES INC reported third-quarter 2023 results: revenue $3,669 $ 9,977 $ 13,001 $ 24,201, net income Net loss attributable to common stockholders totaled $2.8 million, or $0.35 per diluted share, EPS $0.35 per diluted share.
  - Period: third-quarter 2023
  - Revenue: $3,669 $ 9,977 $ 13,001 $ 24,201
  - Net income: Net loss attributable to common stockholders totaled $2.8 million, or $0.35 per diluted share
  - EPS: $0.35 per diluted share
  - Result: reported results
  source text: 30, September 30, 2023 2022 2023 2022 (In Thousands, Except Per Share Amounts) (Unaudited) Revenues Real Estate Operations $ — $ 6,887 $ 2,551 $ 14,837 Leasing Operations 3,669 3,090 10,450 9,370 Eliminations and other — — — (6) Total Consolidated Revenue $ 3,669 $ 9,977 $ 13,001 $ 24,201 Operating (loss) income Real Estate Operations a $ (1,505) $ (89)
  evidence_url: https://www.sec.gov/Archives/edgar/data/885508/000088550823000053/0000885508-23-000053-index.htm

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