Stratus Prop SEC Filings

ARMSTRONG WILLIAM H III reported disposition transactions in a Form 4 filing for STRS. The filing lists transactions totaling 5,691 shares at a weighted average price of $29.62 per share. Following the reported transactions, holdings were 652,630 shares.

Stratus Properties Inc. completed the sale of its Kingwood Place mixed-use project for $60.8 million in cash and extended its secured revolving credit facility with Comerica Bank to a new maturity date of March 27, 2028.

The Kingwood Place disposition generated pre-tax net cash proceeds of about $27.1 million, of which Stratus received roughly $16.2 million after establishing a reserve, while $10.6 million went to noncontrolling interest owners. Pro forma for this sale and the earlier Lantana Place – Retail sale, Stratus’ debt falls from $203.9 million to $141.9 million and total equity rises from $332.1 million to $374.0 million, illustrating significant de-leveraging and realized gains.

Stratus Properties Inc. completed the sale of its Lantana Place – Retail property for $57.5 million in cash, producing pre-tax net cash proceeds of $26.9 million after paying the project loan and selling costs. The property comprised 99,377 square feet of retail space in Austin, including a Moviehouse & Eatery anchor and a ground lease for an AC Hotel by Marriott, while Stratus retains land planned for an approximately 210‑unit multifamily project called The Saint Julia.

Pro forma for the transaction, Stratus uses $29.8 million of proceeds to fully repay the Lantana Place project loan, and records an estimated pre-tax gain of $27.4 million in 2024. On this basis, 2024 net income attributable to common stockholders increases from 1,956 to 21,378 (in thousands), while nine‑month 2025 revenues and costs decline modestly as the sold property’s operations are removed.

Stratus Properties Inc. furnished an update on its business by issuing a press release with its third-quarter and nine-month 2025 results. The press release, dated November 12, 2025, is attached as Exhibit 99.1 to this current report on Form 8-K and contains the detailed financial figures and discussion. The company notes that this information is being treated as furnished rather than filed under the securities laws, which limits how it is incorporated into other regulatory documents.

Stratus Properties Inc. (STRS) entered into a binding Agreement of Sale and Purchase to sell the retail component of Lantana Place for approximately $57.4 million. The agreement became binding on October 17, 2025, after the parties agreed to the final form of a Development Agreement, with closing expected in the fourth quarter of 2025. Stratus expects to use sale proceeds to repay a project loan with an approximately $29.8 million principal balance as of September 30, 2025.

Lantana Place – Retail comprises 99,377 square feet, including anchor tenant Moviehouse & Eatery and a ground lease for an AC Hotel by Marriott. Stratus will retain the site for an approximately 210‑unit multifamily project, The Saint Julia, and entitlements for 160,000 square feet of additional commercial use. Purchaser deposited $250,000 in nonrefundable earnest money (except for a material seller default); if purchaser defaults, seller retains it as liquidated damages. The closing is not subject to a financing condition, and the Development Agreement will govern future development rights related to The Saint Julia, subject to the purchaser’s lender consent.

Stratus Properties amended financing for its The Saint June project, securing a $1.5M loan that carries interest at the one-month Term Secured Overnight Financing Rate plus 2.00% with a 3.50% floor and monthly interest payments; principal is due at maturity. After closing costs, proceeds will fund Partnership expense reserves and cash distributions to partners. The loan is secured by The Saint June and was fully guaranteed by Stratus, but the guaranty converts to a 50% repayment guaranty upon construction completion and remains in effect during the loan; Stratus retains customary carve-out and environmental indemnity obligations. Partners amended the limited partnership agreement to permit up to $3.0M of distributions between September 1, 2025 and September 30, 2027 before repayment of existing operating loans.

Laurie L. Dotter, a director of Stratus Properties Inc. (STRS), reported acquiring 286 shares of common stock on 10/01/2025 at a reported price of $21.16 per share. The filing states these shares were received under her prior election to accept stock in lieu of a portion of her annual retainer. Following the transaction, Ms. Dotter beneficially owns 18,559 shares, which includes 3,380 restricted stock units.

Oasis Investments II Master Fund Ltd., Oasis Management Co Ltd. and Seth Fischer reported an insider sale in Stratus Properties Inc. (STRS). On 09/18/2025 1,998 shares of Stratus common stock were sold at an average price of $21.0201 per share. After the sale the reporting persons beneficially own 1,134,878 shares, held indirectly through the Oasis II Fund. The filing explains that Oasis Management is the investment manager of the Oasis II Fund and that Mr. Fischer supervises the investment activities; each disclaims beneficial ownership except to the extent of any pecuniary interest.

Stratus Properties Inc. reported mixed mid-2025 results driven by development activity and partnership transactions. Consolidated revenues were $11.6 million in the second quarter and $16.6 million for the first six months, versus $8.5 million and $35.0 million in the comparable 2024 periods, reflecting fewer land sales this year. The company recorded a consolidated net loss of $6.1 million for the six months but reported net income attributable to common stockholders of $0.3 million in the second quarter, or $0.03 per diluted share; the six-month loss per diluted share was $(0.32).

Liquidity improved materially after a $47.8 million cash distribution from the newly formed Holden Hills Phase 2 partnership, leaving cash and cash equivalents of $59.4 million and availability on the revolving credit facility of $17.7 million (net of $11.6 million in letters of credit). Total assets were $574.8 million, debt totaled $199.4 million and noncontrolling interests increased to $146.4 million. Notable transactions include a $13.3 million sale of West Killeen Market (pre-tax gain ~ $5.0 million), formation and consolidation of the Holden Hills Phase 2 partnership, and refinancings that generated modest net cash proceeds. The company recorded a $1.0 million receivable write-off and incurred remediation costs from a water-leak event at The Saint George.