Focus on the June 1 liquidation vote outcome and subsequent asset sales timelines—distribution estimates imply a significant premium to current market cap. Any delay or downward revision to the distribution range would pressure the stock.
Price Chart
Executive Summary
Stratus Properties reports Q1 2026 net income attributable to common stockholders of $6.6M ($0.82/diluted share) vs a net loss of $2.9M a year ago, driven by a $23.0M pre-tax gain on the sale of Kingwood Place. Revenue declined 24.8% YoY to $3.8M due to asset sales. The company remains on track for its planned liquidation, with an estimated distribution range of $29.73-$37.69 per share pending stockholder approval on June 1, 2026.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS of $0.82 vs ($0.36) in prior year
- Total revenue dropped 24.8% YoY to $3.8M from $5.0M
- Pre-tax gain on Kingwood Place sale: approximately $23.0M
- Liquidation distribution range: $29.73 to $37.69 per share
- Assets held for sale reduced to $0 from $37.1M at year-end 2025
- Cash and cash equivalents: $73.5M at March 31, 2026
Financial Impact
Net income swing of +$9.5M YoY, primarily from a $23.0M gain on asset sale; revenue decline of ~$1.3M
Risk Factors
- Stockholder vote on liquidation may not pass
- Asset sale proceeds may fall short of estimates
- Liquidation process could be delayed, reducing present value of distributions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000885508-26-000021 |
| Document: strs-20260512.htm | 0000885508-26-000021 |
| Document: 0000885508-26-000021-index-headers.html | 0000885508-26-000021 |
| Document: 0000885508-26-000021-index.html | 0000885508-26-000021 |
| Document: 0000885508-26-000021.txt | 0000885508-26-000021 |
| 8-K Data (Synthetic) | 0000885508-26-000021 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 11w ago | 15-12G | $19.32 $19.32 | · 0.00% | ▼ −0.91% | $17.70 (+8.39%) |
Jun 26, 2026 17w ago | 8-K | $28.74 $19.82 | ▼ −31.04% | ▼ −30.76% | $17.70 (−38.41%) |
May 28, 2026 21w ago | 8-K | $23.11 $23.22 | ▲ +0.49% | ▲ +2.28% | $17.70 (−23.41%) |
May 12, 2026 24w ago | 8-K | $29.64 $28.89 | ▼ −2.53% | ▼ −0.80% | $17.70 (−40.28%) |
Mar 25, 2026 30w ago | 8-K | $30.10 $30.49 | ▲ +1.30% | ▼ −6.57% | $17.70 (−41.20%) |
US Market Status
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