Stratus Properties to liquidate; board approves plan, estimated distributions $29.73-$37.69 per share

STRATUS PROPERTIES INC

• Board unanimously approved complete liquidation and dissolution; stockholder vote at June 1, 2026 annual meeting.
• Estimated liquidating distributions of $29.73 to $37.69 per share.
• Q1 net income $6.6M ($0.82 diluted EPS) vs loss $(2.9M) ($(0.36)) in prior year.
• Sold Kingwood Place for $60.8M; received $16.2M net; recorded $13.4M pre-tax gain.
• Received $46.5M offer for Jones Crossing retail; contracts for New Caney land (~$12.7M) and Amarra Villas ($3.6M).

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