Highest-materiality recent filing
Stratus completes sale of Jones Crossing – Retail for $46.5M, net cash $21.7M
Sale price $46.5M cash; pre-tax net proceeds ~$21.7M after costs and loan repayment.
Loan commitment increased by ~$9.9M to ~$36.0M for Holden Hills Phase 1 development in Austin, TX.
Stratus Properties shareholders approve complete liquidation and dissolution
Proposal to approve liquidation plan passed with 4,905,081 for, 5,612 against, 13,432 abstain.
Stratus signs $46.5M deal to sell Jones Crossing retail to Brixmor, expects ~$20M net proceeds
Purchase price $46.5M cash; pre-tax net proceeds estimated at ~$20M after costs and loan repayment.
Board unanimously approved complete liquidation and dissolution; stockholder vote at June 1, 2026 annual meeting.
Board approved plan of complete liquidation and dissolution on March 24, 2026; subject to stockholder approval.
Stratus Properties board approves plan to dissolve, estimates $29.73-$37.69 per share distributions
Board unanimously approved complete liquidation and dissolution after strategic review initiated March 11, 2026.
Stratus Properties to pursue liquidation, sell all assets, distribute proceeds to stockholders
Board unanimously concluded strategic alternatives review; will pursue plan of liquidation and dissolution.
Stratus completes Kingwood Place sale for $60.8M; extends credit facility to March 2028
Sold Kingwood Place (H-E-B-anchored retail, 151,877 sq ft) for $60.8M cash; pre-tax net proceeds $27.1M.
Stratus Properties announces strategic alternatives review and $60.8M Kingwood Place sale
Board initiates review of strategic alternatives including sale of company, dissolution, or share repurchases.
Stratus completes $57.5M sale of Lantana Place Retail; net cash ~$26.9M
Sale price $57.5M cash; pre-tax net proceeds ~$26.9M after loan payoff and costs.
Stratus Properties Q3 net loss $5.0M; revenue down 44% YoY; signs $57.4M Lantana Place sale
Net loss attributable to common stockholders of $(5.0)M ($0.62 per share) in Q3 2025 vs $(0.4)M loss in Q3 2024.
Stratus Properties to sell Lantana Place Retail for ~$57.4M; expects Q4 2025 close
Purchase price ~$57.4M; proceeds to repay ~$29.8M project loan.
Stratus subsidiary amends construction loan, extends maturity to Oct 2027 and adds $1.5M
The Saint June 182-unit Austin multifamily project loan amended: maturity extended to Oct 2, 2027.
Stratus reports Q2 net income $0.3M vs loss; cash rises on $47.8M JV distribution and asset sale
Q2 net income $0.3M ($0.03 EPS) vs net loss $1.7M ($0.21 loss) in Q2 2024.
Stratus Properties forms JV for Holden Hills Phase 2, boosts buyback to $25M
Contributed land valued at $95.7M to Phase 2 JV; partner contributed $47.9M cash; Stratus received $47.9M distribution and holds 50% equity.
Stratus completes $13.3M sale of West Killeen Market, generating ~$7.8M net proceeds
Sale price of $13.3M is a premium to gross value in Dec 31, 2024 NAV calculation.
Stratus Properties reports Q1 net loss of $2.9M; revenue drops to $5.0M
Net loss attributable to common stockholders of $2.9M ($0.36 diluted) vs net income of $4.6M ($0.56) in Q1 2024.
Stratus Properties shareholders elect directors, approve say-on-pay, ratify auditor
Elected William H. Armstrong III and Kate B. Henriksen as Class III directors for three-year terms.
Stratus Properties reports full-year 2024 net income $2.0M vs loss $14.8M; revenue triples to $54.2M
Net income attributable to common stockholders of $2.0M ($0.24 diluted EPS) vs net loss of $14.8M ($1.85 loss per share) in 2023.
Stratus Properties completes $24M refinancing of Jones Crossing retail property
New $24.0M non-recourse loan matures April 1, 2028; initial rate 6.26% then SOFR+1.95% (floor 3%).
Stratus Properties closes $29.8M refinancing of Lantana Place retail property
New $29.8M loan from Broadway National Bank, matures Feb 1, 2029; interest rate 6.83% then SOFR+2.35%.
Stratus closes $33M non-recourse refinancing of Kingwood Place; maturity Dec 2027
Loan of $33M at 1-month SOFR+1.80% (floor 3%), matures Dec 1, 2027; interest-only monthly.
Stratus Q3 net loss narrows to $0.4M; nine-month net income $2.5M
Net loss attributable to common stockholders Q3 2024: $0.4M ($0.05/share) vs loss $2.8M ($0.36) in Q3 2023.
Loan commitment increased by $2M to $32.3M; maturity extended to Oct 2, 2025.
Stratus Properties completes sale of Magnolia Place - Retail for $8.9M; cumulative sales $30.1M
Sale of 100% owned Magnolia Place – Retail for $8.9M yields pre-tax net cash proceeds of ~$8.6M.
Stratus Properties swings to net income in H1 2024; Q2 loss narrows to $0.21/share
Net income attributable to common stockholders of $2.8M ($0.35/diluted) for H1 2024 vs. loss of $11.1M ($1.39) in H1 2023.
Stratus swings to Q1 net income of $4.6M; revenue jumps to $26.5M on land sale
Net income attributable to common stockholders $4.6M ($0.56 diluted) vs net loss of $5.8M ($0.73 loss) in Q1 2023.
Stratus Properties shareholders re-elect Porter and Rhone, approve say-on-pay, ratify auditor
Elected Charles W. Porter and Neville L. Rhone, Jr. as Class II directors for three-year terms.
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.
Stratus board unanimously rejects NXSTEP's unsolicited acquisition bid
Board determined NXSTEP's Feb 20 proposal 'substantially undervalues' Stratus.
Stratus Properties completes ~47-acre sale at Magnolia Place for $14.5M, nets $5.3M
Pre-tax net cash proceeds of ~$5.3M after expenses and repayment of $8.8M project loan.
Stratus Properties rejects $27.18/share NXSTEP bid; receives revised $27.30 offer
Received unsolicited, non-binding proposal from NXSTEP on Jan 24 at $27.18/share; Board unanimously rejected as undervaluing company.
Completed removal of Holden Hills and Section N from City of Austin's extraterritorial jurisdiction under Texas Senate Bill 2038.
Stratus Properties Q3 2023 net loss $2.8M ($0.35/share) vs loss $2.4M; revenue down 63% to $3.7M
Net loss attributable to common stockholders $2.8M ($0.35 diluted) vs $2.4M loss ($0.29) in Q3 2022.
Stratus Properties Q2 2023 net loss $5.3M; revenue down 68% on no property sales
Net loss of $5.3M ($0.64/diluted share) vs net income of $96.6M ($11.53) in Q2 2022; six-month loss $11.1M.
Stratus Properties Q1 2023 net loss $5.8M vs prior-year profit; Holden Hills distribution $35.8M
Net loss of $5.8M ($0.71 diluted EPS) vs net income of $2.3M ($0.27) in Q1 2022.
Amendment to certificate of incorporation to add officer exculpation effective May 11, 2023 (approved 4,293,734 For, 148,833 Against, 10,470 Abstain).
Stratus Properties reports record FY2022 net income of $90.4M; sells Block 21 for $260M
Record net income attributable to common stockholders of $90.4M ($10.99 diluted EPS) vs $57.4M ($6.90) in 2021.
Stratus Properties reports record net income of $90.4M for 2022; special dividend of $4.67/share
Net income attributable to common stockholders $90.4M ($10.99 diluted EPS) vs $57.4M ($6.90) in 2021.
Stratus Properties reclassifies director Charles W. Porter and reduces board size to 7
Charles W. Porter moved from Class III (term until 2025) to Class II (term until 2024) to fill vacancy from James C. Leslie's Nov 2022 retirement.
Fifth Modification effective March 10, 2023 extends revolving credit facility maturity to March 27, 2025.
Stratus Properties adopts new executive incentive plans (AIP and LTIP) effective 2023
Compensation Committee approved Executive Annual Incentive Plan (AIP) and Long-Term Incentive Plan (LTIP) on Feb 24, 2023.
Stratus Properties secures $26.1M loan for Holden Hills residential project, construction begins
Secured $26.1M construction loan from Comerica Bank for Phase I of Holden Hills, a 495-acre, 475-home project in Barton Creek community.
Stratus Properties forms JV for Holden Hills project; receives $30M cash, retains 50% stake
Class A LP contributes land valued at $70M; Class B LP (Bartoni, LLC) contributes $40M cash, $30M distributed to Class A LP.
Stratus Properties Q3 net loss $2.4M; declares $40M special dividend, $10M buyback
Net loss attributable to common stockholders of $2.4M ($0.29 diluted) in Q3 2022 vs $3.8M loss ($0.46) in Q3 2021.
Stratus Properties changes auditor from BKM to CohnReznick after BKM merger
BKM resigned as auditor effective Nov 15, 2022, after its business combination with CohnReznick LLP.
Stratus Properties repurchases 24,029 shares from retiring director, enters consulting agreement
James C. Leslie retired from the Board after 26 years, effective November 4, 2022; no disagreement cited.
Stratus Properties schedules Q3 2022 earnings release and conference call for Nov 14
Q3 2022 financial results will be released before market open on November 14, 2022.
Stratus Properties declares $4.67 special dividend, authorizes $10M buyback
Special cash dividend of $4.67 per share, totalling ~$40M, payable Sept 29 to holders of record Sept 19.
After 26 years of service, Mr. Leslie, a Class II director with a term expiring at Stratus’ 2024 annual meeting of stockholders, retired from Stratus’ Board and from all Board committees on which he served, effective November 4, 2022.
On March 9, 2022, C. Donald Whitmire, Jr., Vice President - Controller of Stratus Properties Inc. (Stratus), and Stratus’ principal accounting officer, informed Stratus of his intention to retire effective June 30, 2022.
Max materiality 1.00 · Median 0.65 · Most common event other_material