Stratus Properties

Stratus Properties, Inc. engages in the acquisition, development, and management of real estate assets. It operates through the following segments: Hotel, Entertainment, Real Estate Operations, and Leasing Operations. The Hotel segment manages W Austin Hotel and Residences. The Entertainment segment includes production studios and venues for live music, concerts, and private events. The Real Estate Operations segment pertains to the firm's residential properties. The Leasing Operations segment offers office buildings and retail spaces. The company was founded on March 11, 1992 and is headquartered in Austin, TX.

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AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS), a diversified real estate company with holdings, interests and operations focused in the Austin, Texas area and other select, fast growing markets in Texas, today reported year ended December 31, 2021 results. Highlights and Recent Developments: Stratus continues to make progress on the pending sale of Block 21, a mixed-use development in downtown Austin, Texas, that contains the W Austin Hotel and office, retail and entert

Stratus Properties Inc. Reports Year Ended December 31, 2021 Results

Ryman Hospitality Properties

NASHVILLE, Tenn., March 28, 2022 (GLOBE NEWSWIRE) -- Stratus Properties Inc. (NASDAQ: STRS) (“Stratus”) and Ryman Hospitality Properties, Inc. (NYSE: RHP) (“Ryman”) announced today that the anticipated closing date for the previously announced sale of Block 21 by Stratus to Ryman has been extended, as the parties complete the process of obtaining the remaining required approvals of the assumption of the property's existing mortgage loan by the purchaser.

Stratus Properties Inc. and Ryman Hospitality Properties, Inc. Provide Update on Anticipated Closing Date for Sale of Block 21

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) announced today that it will release its year ended December 31, 2021 financial and operating results before the market opens on Thursday, March 31, 2022, and will host a conference call at 11:00 a.m. Eastern Time on the same day. Investors wishing to participate in the conference call may dial: Conference Call Domestic Dial-In Number: 1-877-418-4843 International Dial-In Number: 1-412-902-6766 Conference Call Replay Domesti

Stratus Properties Inc. to Hold Year Ended December 31, 2021 Conference Call on Thursday, March 31, 2022

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) announced today that the anticipated closing date for its previously announced sale of Block 21 to Ryman Hospitality Properties, Inc. has been extended, as both parties continue the process of obtaining consent to the purchaser's assumption of the existing mortgage loan by the applicable loan servicers. The transaction is now expected to close sometime in the first quarter of 2022, subject to the

Stratus Properties Inc. and Ryman Hospitality Properties, Inc. Extend Anticipated Closing Date for Sale of Block 21

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today announced that it has completed the previously announced sale of The Santal for $152 million, or approximately $339 thousand per unit, in cash. The sale generated pre-tax net cash proceeds to Stratus of approximately $74 million, after transaction expenses and payment of the project loan. Stratus estimates after-tax net cash proceeds to be approximately $51 million, after payment of profit

Stratus Properties Inc. Completes Sale of The Santal for $152 Million

Stratus Properties Inc. (STRS) CEO Beau Armstrong on Q3 2021 Results - Earnings Call Transcript

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS), a diversified real estate company with holdings, interests and operations focused in the Austin, Texas area and other select, fast-growing markets in Texas, today reported third-quarter 2021 results. Highlights and Recent Developments: In October 2021, Stratus entered into new agreements to sell Block 21, a mixed-use development in downtown Austin, Texas, that contains the W Austin Hotel and office, retail and entertainment

Stratus Properties Inc. Reports Third-Quarter 2021 Results

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) announced today that it has agreed to sell Block 21, a mixed-use entertainment, lodging, office and retail complex located in downtown Austin, Texas, to Ryman Hospitality Properties, Inc. (“Ryman”) for $260 million. Stratus previously announced an agreement to sell Block 21 to Ryman for $275 million in December 2019, which was terminated in May 2020 by Ryman due to the intervening COVID-19 pandem

Stratus Properties Inc. Announces Agreement to Sell Block 21 for $260 Million to Ryman Hospitality Properties, Inc.

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) announced today that it will release its third-quarter 2021 financial and operating results before the market opens on Monday, November 15, 2021, and will host a conference call at 11:00 a.m. Eastern Time on the same day. Investors wishing to participate in the conference call may dial: Conference Call Domestic Dial-In Number: 1-877-418-4843 International Dial-In Number: 1-412-902-6766 Conference Call Replay Domestic Dial-In

Stratus Properties Inc. to Hold Third-Quarter 2021 Conference Call on Monday, November 15, 2021

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today announced an agreement to sell The Santal for $152 million, or approximately $339 thousand per unit, in cash. The Santal is Stratus' wholly owned 448-unit garden-style, multi-family luxury apartment complex located in Section N of Austin's upscale Barton Creek community. The sales price represents a premium of approximately 96% to Stratus' estimated net asset value of The Santal (after tax

Stratus Properties Inc. Announces Agreement to Sell The Santal for $152 Million

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today announced its plans for Block 150, a proposed luxury high-rise rental project in downtown Austin, Texas. The site at 12th and San Antonio is located just a few blocks west of the Texas State Capitol in Austin. Based on preliminary plans, Block 150 would be developed as a 400-foot tower, consisting of approximately 420,000 gross square feet with 300 Class A luxury multi-family units for leas

Stratus Properties Inc. Announces Purchase of Land and Plans to Develop Block 150 in Downtown Austin

Stratus Properties Inc. (STRS) CEO Beau Armstrong on Q2 2021 Results - Earnings Call Transcript

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today announced its new project development plans, and on August 12, 2021, completed construction financing for the first phase of development of Magnolia Place, an H-E-B, LP (“H-E-B”) grocery shadow-anchored, mixed-use project in Magnolia, Texas. William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, stated, “We are pleased to announce that we have completed fina

Stratus Properties Inc. Announces New Development Plans for Magnolia Place, an H-E-B Grocery Shadow-Anchored, Mixed-Use Project in Magnolia, Texas

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS), a diversified real estate company with holdings, interests and operations focused in the Austin, Texas area and other select, fast-growing markets in Texas, today reported second-quarter 2021 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $10.2 million, $1.23 per share, in second-quarter 2021, compared to net income of $4.1 million, $0.50 per share, in second-quarter 2020.

Stratus Properties Inc. Reports Second-Quarter 2021 Results

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today announced the appointment of Laurie L. Dotter to its Board of Directors (“Board”). Ms. Dotter will serve as an independent Class I director, effective immediately. William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, stated, “We are pleased to welcome Laurie L. Dotter to our Board. Ms. Dotter has more than 30 years of experience in the real estate investme

Stratus Properties Inc. Announces Appointment of Laurie L. Dotter to Its Board of Directors

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) announced today that it will release its second-quarter 2021 financial and operating results before the market opens on Monday, August 16, 2021, and will host a conference call at 11:00 a.m. Eastern Time on the same day. Investors wishing to participate in the conference call may dial: Conference Call Domestic Dial-In Number: 1-877-418-4843 International Dial-In Number: 1-412-902-6766 Conference Call Replay Domestic Dial-In

Stratus Properties Inc. to Hold Second-Quarter 2021 Conference Call on Monday, August 16, 2021

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) announced at its 2021 annual meeting of shareholders earlier today that, based on the preliminary vote count provided by the Company's proxy solicitor, shareholders voted to elect Stratus' director nominees, Jim Leslie and Neville Rhone, Jr., to its Board of Directors (“Board”). Shareholders also approved, as recommended by the Board, the shareholder proposal to expand the Board and appoint Lauri

Stratus Properties Inc. Reports Preliminary Results of 2021 Annual Meeting of Shareholders

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today announced that Glass, Lewis & Co., LLC (“Glass Lewis”), a leading independent proxy advisory firm, has joined Institutional Shareholder Services (“ISS”) in recommending that Stratus shareholders vote on the Company's WHITE proxy card in connection with the Company's upcoming 2021 Annual Meeting of Shareholders (the “Annual Meeting”). Glass Lewis recommends that Stratus shareholders vote

Leading Independent Proxy Advisory Firm Glass Lewis Joins ISS in Recommending Stratus Shareholders Vote on Stratus' WHITE Proxy Card

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today issued a letter to shareholders in connection with its upcoming 2021 Annual Meeting of Shareholders (the “Annual Meeting”), which is scheduled to be held on June 4, 2021. In the letter, William (“Beau”) H. Armstrong III, the Company's Chairman, President and Chief Executive Officer, shares the endorsement of a leading independent proxy advisory firm, Institutional Shareholder Services (“ISS

Stratus Properties Inc. Urges Shareholders to Vote on the WHITE Proxy Card Before the June 4 Annual Meeting

AUSTIN, Texas--(BUSINESS WIRE)--Oasis Management Company Ltd. (“Oasis”) is manager to a fund that is a significant, long-term shareholder of Stratus Properties Inc. (NASDAQ: STRS) (the “Company” or “Stratus”) that beneficially owns over 13.5% of Stratus' ordinary shares. Oasis urges Stratus shareholders to vote on the GOLD proxy card for the highly qualified and independent Oasis director nominees. While Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm, reco

Proxy Advisory Firm ISS Recommends Stratus Shareholders Oppose Nominee Jim Leslie and Poison Pill

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today announced that Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm, recommends that Stratus shareholders vote on the Company's WHITE proxy card in connection with the Company's upcoming 2021 Annual Meeting of Shareholders (the “Annual Meeting”). ISS also recommends that shareholders not vote on the GOLD proxy card. In its report, ISS highlighted the Company

Leading Independent Proxy Advisory Firm ISS Recommends Stratus Shareholders Vote on Stratus' WHITE Proxy Card

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today issued the following letter to shareholders on behalf of Stratus' Chairman, President and Chief Executive Officer, William (“Beau”) Armstrong III, in response to a letter recently issued by Oasis Management Ltd. (“Oasis”). Dear fellow Stratus shareholders, We write to you to once again encourage you to vote for our highly-qualified director nominees on the WHITE Proxy Card and to address th

Stratus Properties Sets the Record Straight on Misleading Statements and Personal Attacks Made by Oasis

AUSTIN, Texas--(BUSINESS WIRE)--Oasis Management Company Ltd. (“Oasis”) is the manager to a fund that is a significant, long-term shareholder of Stratus Properties Inc. (NASDAQ: STRS) (the “Company” or “Stratus”) that beneficially owns over 13.5% of Stratus' ordinary shares. Oasis today released a letter to Stratus shareholders urging them to vote on the GOLD proxy card for the highly qualified and independent Oasis director nominees. The letter counters false and misleading statements circulat

Oasis Issues Letter to Stratus Shareholders in Response to False and Misleading Statements by Stratus

Stratus Properties' (STRS) CEO Bill Armstrong on Q1 2021 Results - Earnings Call Transcript

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) has posted an investor presentation to its annual meeting website, www.yourstratus.com, in connection with its upcoming 2021 Annual Meeting of Shareholders (the “Annual Meeting”), which is scheduled to be held on June 4, 2021. The presentation is also available here on Stratus' website. The presentation outlines the reasons the Stratus Board of Directors has recommended that Stratus shareholders

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