---
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"
generated_at: "2026-06-04T06:51:00.852163+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Stratus Properties posts net loss of $14.8M in 2023 vs net income of $90.4M in 2022

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-24-000026
- JSON: https://secwatch.observer/filing/0000885508-24-000026.json
- Plain text: https://secwatch.observer/filing/0000885508-24-000026.txt

## Key facts
- Earnings Releases
  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.
  - Period: year ended December 31, 2023
  - Revenue: $17,270
  - Net income: $(14.8) million, or $(1.85) per diluted share
  - EPS: $(1.85) per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/885508/000088550824000026/0000885508-24-000026-index.htm

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