{"schema_version":"secwatch.filing_event.v1","accession":"0000885508-24-000026","form_type":"8-K","ticker":"STRS","cik":"0000885508","company_name":"STRATUS PROPERTIES INC","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.142071+00:00","generated_at":"2026-06-04T06:51:00.852163+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Stratus Properties posts net loss of $14.8M in 2023 vs net income of $90.4M in 2022","bullets":["Revenue fell to $17.3M from $37.5M; real estate ops revenue dropped to $2.6M from $24.8M.","EBITDA totaled -$10.7M in 2023 vs -$3.1M in 2022; operating loss widened to $16.9M.","After-tax NAV per share declined to $39.40 from $42.94; cash $31.4M, no revolver draws.","New $5M share repurchase program; completed prior $10M buyback at avg $25.68/share.","In Feb 2024 sold 47 acres at Magnolia Place for $14.5M; exploring sale of five retail properties."],"urls":{"canonical":"https://secwatch.observer/filing/0000885508-24-000026","json":"https://secwatch.observer/filing/0000885508-24-000026.json","markdown":"https://secwatch.observer/filing/0000885508-24-000026.md","text":"https://secwatch.observer/filing/0000885508-24-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000026/0000885508-24-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000026/strs-20240328.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:51:00.852163+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e79cbdfab1efbfef1c11eaf7766ea280e080abd0","claim":"STRATUS PROPERTIES INC reported year ended December 31, 2023 results: revenue $17,270, net income $(14.8) million, or $(1.85) per diluted share, EPS $(1.85) per diluted share.","evidence_excerpt":"Year Ended December 31, 2023 2022 Revenues Real estate operations $ 2,551 $ 24,750 Leasing operations 14,719 12,754 Eliminations and other — (6) Total consolidated revenue $ 17,270 $ 37,498 Operating (loss) income Real estate operations $ (7,218) $ 164 Leasing operations a 5,410 9,621 Corporate, eliminations and other b (15,138) (17,548) Total consolidated","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000026/0000885508-24-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Revenue","value":"$17,270"},{"label":"Net income","value":"$(14.8) million, or $(1.85) per diluted share"},{"label":"EPS","value":"$(1.85) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}