Stratus Properties to Sell All Assets, Distribute Proceeds to Shareholders

Dow Jones03-25 06:18

By Katherine Hamilton

Stratus Properties is dissolving itself and selling all its assets after completing a strategic review.

The Austin, Texas, real estate developer said Tuesday its board unanimously approved a plan for complete liquidation. It is subject to shareholder approval.

Proceeds from the planned sale of assets will go to stockholders, once Stratus's liabilities and obligations are covered.

Stratus estimates the proceeds could result in total distributions to shareholders of $29.73 a share to $37.69 a share. The amounts will be distributed periodically at the board's discretion.

Fully stabilized assets are expected to be sold in the near term, with longer-duration development opportunities slated to be sold as soon as certain value-enhancing milestones are reached, Chief Executive William Armstrong III said.

Stratus said it may voluntarily delist its shares from Nasdaq, which trade under the ticker symbol STRS, to reduce operating expenses and maximize liquidating distributions.

In reaching the decision to dissolve, the board considered several strategic alternatives, including a merger or continuing operations. It determined this route had the best value for stockholders.

Shares of Stratus gained 9% to $31.58 in after-hours trading Tuesday. Through the close, the stock was up 20% this year.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 24, 2026 18:18 ET (22:18 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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It is subject to shareholder approval. \n\n\n  Proceeds from the planned sale of assets will go to stockholders, once Stratus's liabilities and obligations are covered. \n\n\n  Stratus estimates the proceeds could result in total distributions to shareholders of $29.73 a share to $37.69 a share. The amounts will be distributed periodically at the board's discretion. \n\n\n  Fully stabilized assets are expected to be sold in the near term, with longer-duration development opportunities slated to be sold as soon as certain value-enhancing milestones are reached, Chief Executive William Armstrong III said. \n\n\n  Stratus said it may voluntarily delist its shares from Nasdaq, which trade under the ticker symbol STRS, to reduce operating expenses and maximize liquidating distributions. \n\n\n  In reaching the decision to dissolve, the board considered several strategic alternatives, including a merger or continuing operations. 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