Short answer
STRATUS PROPERTIES INC (STRS) filed an 8-K current report with the SEC on June 26, 2026 reporting Item 2.01 (Completion of Acquisition or Disposition of Assets), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Jones Crossing–Retail sold for $46.5 million, generating $21.7 million net cash after $24.0 million project-loan repayment.
STRATUS PROPERTIES INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.01 · Completion of Acquisition or Disposition of Assets
- Jones Crossing–Retail sold for $46.5 million, generating $21.7 million net cash after $24.0 million project-loan repayment
- Transaction reduced pro forma debt by $23.7 million and lease liabilities by $10.5 million, strengthening the balance sheet
- Sale produced approximately $20.0 million pre-tax gain in 2025, plus approximately $4.2 million from terminating two ground leases
- Pro forma cash increased to $95.3 million while total liabilities declined to $147.3 million from $182.1 million
- Disposition removes approximately $3.7 million annual revenue and $1.0 million quarterly revenue, highlighting reduced operating contribution after closing
Item 8.01 · Other Events
- Jones Crossing–Retail disposition generated $21.7 million in pre-tax net cash proceeds after selling costs and project-loan repayment
- Unaudited pro forma statements show the transaction’s effect on Stratus’ historical financial position
- Proceeds and debt repayment indicate potential liquidity improvement, subject to broader transaction details
Item EX-99.1 · Exhibit EX-99.1
- Jones Crossing–Retail sold for $46.5 million cash, including 154,092 square feet and approximately 22 undeveloped commercial acres
- Pre-tax net cash proceeds approximately $21.7 million after selling costs and project-loan repayment
- Transaction advances the stockholder-approved Plan of Liquidation and orderly asset monetization
- Stratus retains Jones Crossing’s 21-acre multi-family component and underlying ground lease
- Future distributions remain uncertain due to liquidation costs, liabilities, reserves and timing of additional asset sales
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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