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Recent Updates — STRS

July 1, 2026View Source ↗

Stratus Properties Inc. announced a voluntary delisting from Nasdaq and subsequent SEC deregistration as part of its Plan of Liquidation. The Board declared a special cash liquidating distribution of $5.00 per share, payable on July 20, 2026, to stockholders of record as of July 13, 2026. Stratus Properties Inc. is a real estate development company operating in Texas markets.

June 26, 2026View Source ↗

On June 23, 2026, Stratus Properties Inc. completed the sale of the retail component of Jones Crossing in College Station, Texas, to Brixmor Operating Partnership LP for $46.5 million in cash. The transaction included 154,092 square feet of retail space and approximately 22 undeveloped commercial acres. After paying selling costs and a $24.0 million project loan, the company received pre-tax net cash proceeds of approximately $21.7 million. Stratus retains the 21-acre multi-family component of the development. The company operates in the real estate industry, focusing on the development and management of commercial and mixed-use properties.

June 12, 2026View Source ↗

On June 8, 2026, Stratus Properties Inc. and its 50% owned subsidiary, Holden Hills, L.P., entered into amendments to a loan agreement with Fifth Third Bank, N.A. for the Holden Hills Phase 1 project. The amendments extend the loan maturity date to August 8, 2027, and increase the principal amount by approximately $9.9 million, resulting in a total commitment of the least of $36.0 million, 29.0% of total development costs, or a 30.0% loan-to-value ratio. The interest rate is set at one-month Term SOFR (0.50% floor) plus 3.00%, with a total floor of 3.50%. As of June 10, 2026, the outstanding principal balance was approximately $12.6 million with $12.8 million available for advances. Stratus Properties Inc. is a real estate company focused on property development.