secwatch.observer — SEC 8-K summary
======================================

Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0000885508-24-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550824000026/0000885508-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550824000026/strs-20240328.htm
  HTML page:      https://secwatch.observer/filing/0000885508-24-000026

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