secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0000885508-23-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000053/0000885508-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000053/strs-20231114.htm
  HTML page:      https://secwatch.observer/filing/0000885508-23-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer