secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2026-05-12T12:17:32+00:00
Accession:  0000885508-26-000021
Event type: other_material
Sentiment:  neutral
Materiality: 0.95
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550826000021/0000885508-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550826000021/strs-20260512.htm
  HTML page:      https://secwatch.observer/filing/0000885508-26-000021

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