Stratus Properties Inc. Board of Directors Announces Conclusion of Strategic Alternatives Review and Pursuit of Plan to Sell Assets and Distribute Net Proceeds to Stockholders

About this update from Stratus Properties Inc.

[{"type":"text","content":"AUSTIN, Texas, March 11, 2026--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) ("Stratus" or the "Company") today announced that its Board of Directors (the "Board") has concluded its strategic alternatives review announced in December 2025. After a thorough examination of strategic alternatives in conjunction with external financial, tax and legal advisors, the Board has unanimously determined it is in the best interests of the Company and its stockholders to pursue a plan of liquidation and dissolution ("Plan"). The Plan will provide for the sale of all or substantially all of the Company’s assets and distribution of the net proceeds to the Company’s stockholders, after which the Company will be dissolved. The Board believes a Plan represents the best way to optimize and maximize the value of Stratus’ remaining portfolio and to return cash to stockholders in a tax-efficient way. The Plan will be subject to approval by the Company’s Board and stockholders.","length":1019,"tagName":"p"},{"type":"text","content":"In the near term, the Board will continue to evaluate the Plan, to finalize an estimation of liquidating distributions to be distributed over time from the Plan, to obtain lender consent for the Plan under its loan agreements, and to obtain consent from relevant third parties and partnerships. The Company and its advisors also will prepare a proxy statement ("Proxy Statement") with details of the Plan to be filed with the U.S. Securities and Exchange Commission (the "SEC") in connection with a meeting of the Company’s stockholders to approve the Plan.","length":577,"tagName":"p"},{"type":"text","content":"As the Board continues to evaluate and refine the Plan, the Company does not intend to comment further until it deems further disclosure is appropriate or necessary.","length":165,"tagName":"p"},{"type":"text","content":"William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, said, "Stratus’ portfolio has evolved over the past ten years and now consists of a more streamlined and mature asset base. We have secured valuable permits and entitlements for our earlier-stage development projects, and we have successfully leased or sold the vast majority of our completed properties. Given our history of property sales at pre...

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