{"schema_version":"secwatch.filing_event.v1","accession":"0000885508-24-000049","form_type":"8-K","ticker":"STRS","cik":"0000885508","company_name":"STRATUS PROPERTIES INC","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.298646+00:00","generated_at":"2026-06-02T01:40:11.497240+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Stratus swings to Q1 net income of $4.6M; revenue jumps to $26.5M on land sale","bullets":["Net income attributable to common stockholders $4.6M ($0.56 diluted) vs net loss of $5.8M ($0.73 loss) in Q1 2023.","Revenue surged to $26.5M from $5.8M YoY, driven by $14.5M sale of 47 acres at Magnolia Place.","Sold two Amarra Villas homes for total $7.6M at higher per-sq-ft vs one home for $2.5M a year ago.","Under contract to sell West Killeen Market for $12.8M; expected close Q2 2024 with ~$7.2M pre-tax net proceeds.","Cash $20.7M, no revolver drawn, $39.6M available; total debt $168.2M down from $175.2M."],"urls":{"canonical":"https://secwatch.observer/filing/0000885508-24-000049","json":"https://secwatch.observer/filing/0000885508-24-000049.json","markdown":"https://secwatch.observer/filing/0000885508-24-000049.md","text":"https://secwatch.observer/filing/0000885508-24-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000049/0000885508-24-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000049/strs-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:40:11.497240+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":"503d9f92ad2045ab1c45cfb45a5fc54d72d40f88","claim":"STRATUS PROPERTIES INC reported first-quarter 2024 results: revenue $26.5 million, net income $4.6 million, EPS $0.56 per diluted share.","evidence_excerpt":"Net income attributable to common stockholders totaled $4.6 million, or $0.56 per diluted share, in first-quarter 2024, compared to net loss attributable to common stockholders of $(5.8) million, or $(0.73) per diluted share, in first-quarter 2023. • Revenues for first-quarter 2024 were $26.5 million compared to revenues of $5.8 million for first-quarter 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000049/0000885508-24-000049-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first-quarter 2024"},{"label":"Revenue","value":"$26.5 million"},{"label":"Net income","value":"$4.6 million"},{"label":"EPS","value":"$0.56 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c1c54b6af80ff9f9a53661cede9980492ccec4a4","claim":"STRATUS PROPERTIES INC reported first-quarter 2023 results: revenue $5.8 million, net income $(5.8) million, EPS $(0.73) per diluted share.","evidence_excerpt":"Net income attributable to common stockholders totaled $4.6 million, or $0.56 per diluted share, in first-quarter 2024, compared to net loss attributable to common stockholders of $(5.8) million, or $(0.73) per diluted share, in first-quarter 2023. • Revenues for first-quarter 2024 were $26.5 million compared to revenues of $5.8 million for first-quarter 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000049/0000885508-24-000049-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first-quarter 2023"},{"label":"Revenue","value":"$5.8 million"},{"label":"Net income","value":"$(5.8) million"},{"label":"EPS","value":"$(0.73) 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"}