STRATUS PROPERTIES INC

Stratus Properties Inc. announced the completion of the sale of the retail component of its Jones Crossing development to Brixmor Operating Partnership LP for $46.5 million in cash. This transaction yielded approximately $21.7 million in pre-tax net cash proceeds after selling costs and loan payment. The divestment is a significant step in the company's previously approved Plan of Liquidation, aimed at maximizing stockholder value, while Stratus retains the multi-family portion of the development.

Stratus Properties Inc. announced that its 50% owned subsidiary, Holden Hills, L.P., entered into a Third Modification Agreement to its construction loan. The agreement extends the maturity date to August 8, 2027, and increases the total loan commitment by approximately $9.9 million to $36.0 million. The loan is secured by the Holden Hills Phase 1 project and finances development improvements. As of June 10, 2026, approximately $12.6 million was outstanding, with $12.8 million still available for advances.

Stratus Properties Inc., through its wholly-owned subsidiary College Station 1892 Properties, L.L.C., has entered into an agreement to sell the retail component of its Jones Crossing development to Brixmor Operating Partnership LP for $46.5 million in cash. The transaction is expected to yield approximately $20.0 million in pre-tax net cash proceeds for Stratus after selling costs and loan payments. The sale, which includes 154,092 square feet of retail space and 22 undeveloped commercial acres, is anticipated to close in the second or third quarter of 2026. Stratus will retain the 21-acre multi-family portion of the Jones Crossing development.

Stratus Properties Inc. announced its first-quarter 2026 results alongside the Board's unanimous approval of a plan for complete liquidation and dissolution. The company estimates potential liquidating distributions of $29.73 to $37.69 per share, subject to stockholder approval. Financially, Stratus reported a net income attributable to common stockholders of $6.6 million, or $0.82 per diluted share, a significant improvement from a net loss in the prior year, largely driven by asset sales like Kingwood Place. The company continues to monetize its portfolio, with offers and contracts for additional properties.