公司宣布出售 Kingwood Place 的协议
德克萨斯州奥斯丁 --（商业新闻）--Stratus Properties Inc.（纳斯达克：STRS）（“Stratus”）今天宣布，其董事会（“董事会”）已启动一个过程，以探索战略选择，以最大化股东价值，并寻求外部独立的财务和法律顾问的协助。董事会打算考虑一系列全面的选择，包括但不限于出售 Stratus、解散和清算计划、进一步的股票回购以及其他战略或财务交易。
Stratus 还宣布已达成协议，以 6080 万美元出售 Kingwood Place。Kingwood Place 是 Stratus 在德克萨斯州 Kingwood（休斯顿大都市区）的一项以 H-E-B 为主的综合开发项目。如果交易完成，预计在扣除销售成本和项目贷款支付后，将产生约 2600 万美元的税前净现金收益。这一金额高于 Stratus 在 2025 年 3 月 28 日的投资者演示中反映的 Kingwood Place 的税前净资产价值。Stratus 通过与股权投资者的有限合伙关系拥有 Kingwood Place 约 60% 的股份。如果交易完成，预计将在 2026 年第一季度完成，届时买方可以在检查期结束后终止合同，并且需满足交割条件。这笔交易将跟随最近完成的 Stratus 其他两个稳定零售项目的销售，分别是 Lantana Place – Retail 和 West Killeen Market。
Stratus 董事会主席兼首席执行官 William H. Armstrong III 表示：“在过去十年中，我们为早期项目获得了宝贵的权利，并成功租赁或出售了绝大多数已完成的物业。我们现在拥有来自近期资产销售的稳健现金头寸、精简的投资组合和更成熟的资产基础。凭借通过资产销售实现溢价价值的良好记录， 并在董事会探索使用我们现金的机会的基础上，我们认为现在是评估识别我们剩余投资组合价值并以税收高效的方式将现金返还给股东的合适时机。”
董事会尚未设定评估结束的时间表，也未就任何潜在的战略选择做出任何决定。目前无法保证该过程的结果，或者如果发生交易，任何此类交易的时间。Stratus 不打算在认为进一步披露合适或必要之前对此过程进行进一步评论。
Eastdil Secured 正在作为 Stratus 的财务顾问参与此过程。Jones Walker LLP 和 Sidley Austin LLP 正在作为 Stratus 的法律顾问。
关于 Stratus
Stratus Properties Inc. 主要从事德克萨斯州奥斯丁地区及其他特定市场的多户和单户住宅及商业房地产的权利获取、开发、管理、租赁和销售。除了已开发的物业外，Stratus 还有一个开发组合，包括约 1500 英亩的商业和住宅项目正在开发中或未开发的土地，供未来使用。Stratus 的商业房地产组合包括稳定的零售物业或未来的零售和综合开发项目，不包括商业办公空间。Stratus 从其已开发和未开发物业的销售、零售、综合和多户物业的租赁以及从其物业获得的开发和资产管理费用中产生收入和现金流。
警示声明
本新闻稿包含前瞻性声明，Stratus 在其中讨论了其认为可能影响其未来业绩和商业战略的因素。前瞻性声明是指除历史事实陈述以外的所有陈述，例如关于战略选择审查的潜在结果、可能考虑的潜在战略选择、未来向股东返还现金的潜力、Stratus 从 Kingwood Place 销售中估计的税前收益，以及 Kingwood Place 的销售是否以及何时完成的陈述。词语 “预期”、“可能”、“可以”、“计划”、“相信”、“潜在”、“估计”、“期望”、“项目”、“目标”、“打算”、“可能”、“将”、“应该”、“成为” 和任何类似的表达或陈述旨在将这些断言标识为前瞻性声明。
Stratus 提醒读者，前瞻性声明并不保证未来的业绩，其实际结果可能与前瞻性声明中预期、预计、预测或假设的结果有重大差异。导致 Stratus 实际结果与前瞻性声明中预期结果有重大差异的重要因素包括但不限于与战略选择审查相关的风险，包括战略审查过程的目标是否能够实现、成本和费用的发生、管理层在此审查中时间的分散，以及战略审查及其公告可能对 Stratus 保留和招聘关键人员、维护与合作伙伴、供应商、员工、股东及其他关系的能力以及其经营结果和整体业务产生不利影响的风险，Stratus 可能决定在董事会的战略审查过程后不改变其长期商业战略的可能性，因市场、监管及其他因素导致 Stratus 无法完成战略审查所产生的任何提议的战略选择，战略审查过程可能对 Stratus 的业务造成干扰的风险，涉及战略审查的任何诉讼的风险，战略审查过程的公告、暂停或完成及其结果可能对 Stratus 的股价产生的不利影响，Stratus 与买方是否能够在预期的时间框架内或完全满足购买协议中关于 Kingwood Place 的各自义务和条件，Stratus 成功实施其商业战略的能力，包括其开发、融资、建设及以董事会认为可接受的条款出售或租赁物业的能力，运营和建设成本的增加，包括房地产税、维护和保险费用，以及建筑材料和劳动力的成本，通货膨胀和利率的上升，关税和贸易政策变化的影响，包括威胁性关税，供应链限制，Stratus 偿还或再融资其债务的能力，延长贷款到期日或遵守或获得债务协议中财务和其他契约的豁免，以及满足其他现金义务，银行信贷的可用性，承包商和分包商的违约，Stratus 资产市场价值的下降，市场条件或公司发展可能阻碍、损害或延迟与出售、再资本化或再融资物业计划相关的任何机会，Stratus 在其运营的德克萨斯州特定市场（尤其是奥斯丁）对房地产需求的下降，经济、市场、税收、商业和地缘政治条件的变化，潜在的美国或地方经济衰退或衰退，Stratus 获得各种权利和许可证的能力，影响房地产开发的法律、法规或监管环境的变化，以及在 Stratus 截至 2024 年 12 月 31 日的年度报告和截至 2025 年 9 月 30 日的季度报告中 “风险因素” 标题下更详细描述的其他因素，这些报告均已提交给美国证券交易委员会。
投资者需注意，Stratus 的前瞻性声明所基于的许多假设在前瞻性声明发布后可能会发生变化。此外，Stratus 可能会对其商业计划进行更改，这可能会影响其结果。Stratus 提醒投资者，其没有义务更新任何前瞻性声明，这些声明仅在发布时有效，尽管其假设、商业计划、实际经验或其他变化有所不同。
本公告的副本可在 Stratus 的网站上获取，网址为 stratusproperties.com。
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查看商业新闻网站上的源版本：https://www.businesswire.com/news/home/20251222145277/en/
财务和媒体联系人：
William H. Armstrong III
(512) 478-5788
来源：Stratus Properties Inc.

STRS

Stratus Properties Inc. 宣布其董事会正在探索战略选择，以最大化股东价值，包括潜在的出售、解散、清算、股票回购和其他交易。该公司还同意以 6080 万美元的价格出售 Kingwood Place，预计将产生 2600 万美元的税前净现金收益。该交易预计将在 2026 年第一季度完成。Stratus 通过近期的资产销售拥有稳健的现金状况，并旨在以税务高效的方式向股东返还现金。战略审查结果尚未设定时间表或做出决定

Company Announces Agreement to Sell Kingwood Place
<div class="lb-trans">公司宣布出售 Kingwood Place 的协议
</div>AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus”) today announced that its Board of Directors (the “Board”) has initiated a process to explore strategic alternatives to maximize shareholder value with the assistance of outside, independent financial and legal advisors. The Board intends to consider a comprehensive range of alternatives, including but not limited to the sale of Stratus, a plan of dissolution and liquidation, further share repurchases and other strategic or financial transactions.
<div class="lb-trans">德克萨斯州奥斯丁 --（商业新闻）--Stratus Properties Inc.（纳斯达克：STRS）（“Stratus”）今天宣布，其董事会（“董事会”）已启动一个过程，以探索战略选择，以最大化股东价值，并寻求外部独立的财务和法律顾问的协助。董事会打算考虑一系列全面的选择，包括但不限于出售 Stratus、解散和清算计划、进一步的股票回购以及其他战略或财务交易。
</div>Stratus also announced that it has entered into an agreement to sell Kingwood Place for $60.8 million. Kingwood Place is Stratus’ H-E-B-anchored, mixed-use development project in Kingwood, Texas (in the greater Houston area). If the sale is completed, it is expected to generate estimated pre-tax net cash proceeds of approximately $26 million, after selling costs and payment of the project loan. This represents a premium to Stratus’ pre-tax net asset value of Kingwood Place, as reflected in Stratus’ Investor Presentation dated March 28, 2025. Stratus owns approximately 60% of Kingwood Place through a limited partnership with equity investors. The sale, if completed, is expected to close in first-quarter 2026, following expiration of the inspection period during which the buyer may terminate the contract and subject to satisfaction of closing conditions. This transaction would follow the recently completed sales of two of Stratus’ other stabilized retail projects, Lantana Place – Retail and West Killeen Market.
<div class="lb-trans">Stratus 还宣布已达成协议，以 6080 万美元出售 Kingwood Place。Kingwood Place 是 Stratus 在德克萨斯州 Kingwood（休斯顿大都市区）的一项以 H-E-B 为主的综合开发项目。如果交易完成，预计在扣除销售成本和项目贷款支付后，将产生约 2600 万美元的税前净现金收益。这一金额高于 Stratus 在 2025 年 3 月 28 日的投资者演示中反映的 Kingwood Place 的税前净资产价值。Stratus 通过与股权投资者的有限合伙关系拥有 Kingwood Place 约 60% 的股份。如果交易完成，预计将在 2026 年第一季度完成，届时买方可以在检查期结束后终止合同，并且需满足交割条件。这笔交易将跟随最近完成的 Stratus 其他两个稳定零售项目的销售，分别是 Lantana Place – Retail 和 West Killeen Market。
</div>William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, said, “Over the past ten years, we have secured valuable entitlements for our early-stage projects and successfully leased or sold the vast majority of our completed properties. We now have a solid cash position from recent asset sales, a streamlined portfolio and a more mature asset base. With a track record of realizing premium value through asset sales, and building on the Board’s exploration of opportunities for the use of our cash, we believe this is the right time to evaluate mechanisms for recognizing the value of our remaining portfolio and returning cash to shareholders in a tax-efficient manner.”
<div class="lb-trans">Stratus 董事会主席兼首席执行官 William H. Armstrong III 表示：“在过去十年中，我们为早期项目获得了宝贵的权利，并成功租赁或出售了绝大多数已完成的物业。我们现在拥有来自近期资产销售的稳健现金头寸、精简的投资组合和更成熟的资产基础。凭借通过资产销售实现溢价价值的良好记录， 并在董事会探索使用我们现金的机会的基础上，我们认为现在是评估识别我们剩余投资组合价值并以税收高效的方式将现金返还给股东的合适时机。”
</div>The Board has not set a timetable for the conclusion of its evaluation, nor has it made any decisions related to any potential strategic alternatives at this time. There can be no assurance as to the outcome of this process, or if a transaction does occur, the timing of any such transaction. Stratus does not intend to comment further on this process until it deems further disclosure is appropriate or necessary.
<div class="lb-trans">董事会尚未设定评估结束的时间表，也未就任何潜在的战略选择做出任何决定。目前无法保证该过程的结果，或者如果发生交易，任何此类交易的时间。Stratus 不打算在认为进一步披露合适或必要之前对此过程进行进一步评论。
</div>Eastdil Secured is serving as Stratus’ financial advisor in conjunction with this process. Jones Walker LLP and Sidley Austin LLP are serving as Stratus’ legal advisors.
<div class="lb-trans">Eastdil Secured 正在作为 Stratus 的财务顾问参与此过程。Jones Walker LLP 和 Sidley Austin LLP 正在作为 Stratus 的法律顾问。
</div>About Stratus
<div class="lb-trans">关于 Stratus
</div>Stratus Properties Inc. is engaged primarily in the entitlement, development, management, leasing and sale of multi-family and single-family residential and commercial real estate properties in the Austin, Texas area and other select markets in Texas. In addition to its developed properties, Stratus has a development portfolio that consists of approximately 1,500 acres of commercial and residential projects under development or undeveloped land held for future use. Stratus’ commercial real estate portfolio consists of stabilized retail properties or future retail and mixed-use development projects with no commercial office space. Stratus generates revenues and cash flows from the sale of its developed and undeveloped properties, the lease of its retail, mixed-use and multi-family properties and development and asset management fees received from its properties.
<div class="lb-trans">Stratus Properties Inc. 主要从事德克萨斯州奥斯丁地区及其他特定市场的多户和单户住宅及商业房地产的权利获取、开发、管理、租赁和销售。除了已开发的物业外，Stratus 还有一个开发组合，包括约 1500 英亩的商业和住宅项目正在开发中或未开发的土地，供未来使用。Stratus 的商业房地产组合包括稳定的零售物业或未来的零售和综合开发项目，不包括商业办公空间。Stratus 从其已开发和未开发物业的销售、零售、综合和多户物业的租赁以及从其物业获得的开发和资产管理费用中产生收入和现金流。
</div>CAUTIONARY STATEMENT
<div class="lb-trans">警示声明
</div>This press release contains forward-looking statements in which Stratus discusses factors it believes may affect its future performance and business strategy. Forward-looking statements are all statements other than statements of historical fact, such as statements regarding the potential outcomes of the review of strategic alternatives, the potential strategic alternatives that may be considered, the potential for future cash returns to shareholders, Stratus’ estimated pre-tax proceeds from the sale of Kingwood Place, and whether and when the sale of Kingwood Place will be completed. The words “anticipate,” “may,” “can,” “plan,” “believe,” “potential,” “estimate,” “expect,” “project,” “target,” “intend,” “likely,” “will,” “should,” “to be” and any similar expressions or statements are intended to identify those assertions as forward-looking statements.
<div class="lb-trans">本新闻稿包含前瞻性声明，Stratus 在其中讨论了其认为可能影响其未来业绩和商业战略的因素。前瞻性声明是指除历史事实陈述以外的所有陈述，例如关于战略选择审查的潜在结果、可能考虑的潜在战略选择、未来向股东返还现金的潜力、Stratus 从 Kingwood Place 销售中估计的税前收益，以及 Kingwood Place 的销售是否以及何时完成的陈述。词语 “预期”、“可能”、“可以”、“计划”、“相信”、“潜在”、“估计”、“期望”、“项目”、“目标”、“打算”、“可能”、“将”、“应该”、“成为” 和任何类似的表达或陈述旨在将这些断言标识为前瞻性声明。
</div>Stratus cautions readers that forward-looking statements are not guarantees of future performance, and its actual results may differ materially from those anticipated, expected, projected or assumed in the forward-looking statements. Important factors that can cause Stratus’ actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, the risks associated with the strategic alternatives review, including whether the objectives of the strategic review process will be achieved, the incurrence of costs and expenses, the diversion of management’s time in connection with such review, and the risk that the strategic review and its announcement could have an adverse effect on the ability of Stratus to retain and hire key personnel and maintain relationships with partners, suppliers, employees, shareholders and others and on its operating results and business generally, the possibility that Stratus may decide not to change its long-term business strategy following the Board’s strategic review process, Stratus’ inability to consummate any proposed strategic alternative resulting from the strategic review due to, among other things, market, regulatory and other factors, the potential for disruption to Stratus’ business resulting from the strategic review process, the risk of any litigation relating to the strategic review, potential adverse effects on Stratus’ stock price from the announcement, suspension or consummation of the strategic review process and the results thereof, whether Stratus and the purchaser will satisfy their respective obligations and conditions to closing under the purchase agreement for Kingwood Place in the anticipated timeframe or at all, Stratus’ ability to implement its business strategy successfully, including its ability to develop, finance, construct and sell or lease properties on terms its Board considers acceptable, increases in operating and construction costs, including real estate taxes, maintenance and insurance costs, and the cost of building materials and labor, elevated inflation and interest rates, the effect of changes in tariffs and trade policies, including threatened tariffs, supply chain constraints, Stratus’ ability to pay or refinance its debt, extend maturity dates of its loans or comply with or obtain waivers of financial and other covenants in debt agreements and to meet other cash obligations, availability of bank credit, defaults by contractors and subcontractors, declines in the market value of Stratus’ assets, market conditions or corporate developments that could preclude, impair or delay any opportunities with respect to plans to sell, recapitalize or refinance properties, a decrease in the demand for real estate in select markets in Texas where Stratus operates, particularly in Austin, changes in economic, market, tax, business and geopolitical conditions, potential U.S. or local economic downturn or recession, Stratus’ ability to obtain various entitlements and permits, changes in laws, regulations or the regulatory environment affecting the development of real estate, and other factors described in more detail under the heading “Risk Factors” in Stratus’ Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, each filed with the U.S. Securities and Exchange Commission.
<div class="lb-trans">Stratus 提醒读者，前瞻性声明并不保证未来的业绩，其实际结果可能与前瞻性声明中预期、预计、预测或假设的结果有重大差异。导致 Stratus 实际结果与前瞻性声明中预期结果有重大差异的重要因素包括但不限于与战略选择审查相关的风险，包括战略审查过程的目标是否能够实现、成本和费用的发生、管理层在此审查中时间的分散，以及战略审查及其公告可能对 Stratus 保留和招聘关键人员、维护与合作伙伴、供应商、员工、股东及其他关系的能力以及其经营结果和整体业务产生不利影响的风险，Stratus 可能决定在董事会的战略审查过程后不改变其长期商业战略的可能性，因市场、监管及其他因素导致 Stratus 无法完成战略审查所产生的任何提议的战略选择，战略审查过程可能对 Stratus 的业务造成干扰的风险，涉及战略审查的任何诉讼的风险，战略审查过程的公告、暂停或完成及其结果可能对 Stratus 的股价产生的不利影响，Stratus 与买方是否能够在预期的时间框架内或完全满足购买协议中关于 Kingwood Place 的各自义务和条件，Stratus 成功实施其商业战略的能力，包括其开发、融资、建设及以董事会认为可接受的条款出售或租赁物业的能力，运营和建设成本的增加，包括房地产税、维护和保险费用，以及建筑材料和劳动力的成本，通货膨胀和利率的上升，关税和贸易政策变化的影响，包括威胁性关税，供应链限制，Stratus 偿还或再融资其债务的能力，延长贷款到期日或遵守或获得债务协议中财务和其他契约的豁免，以及满足其他现金义务，银行信贷的可用性，承包商和分包商的违约，Stratus 资产市场价值的下降，市场条件或公司发展可能阻碍、损害或延迟与出售、再资本化或再融资物业计划相关的任何机会，Stratus 在其运营的德克萨斯州特定市场（尤其是奥斯丁）对房地产需求的下降，经济、市场、税收、商业和地缘政治条件的变化，潜在的美国或地方经济衰退或衰退，Stratus 获得各种权利和许可证的能力，影响房地产开发的法律、法规或监管环境的变化，以及在 Stratus 截至 2024 年 12 月 31 日的年度报告和截至 2025 年 9 月 30 日的季度报告中 “风险因素” 标题下更详细描述的其他因素，这些报告均已提交给美国证券交易委员会。
</div>Investors are cautioned that many of the assumptions upon which Stratus’ forward-looking statements are based are likely to change after the date the forward-looking statements are made. Further, Stratus may make changes to its business plans that could affect its results. Stratus cautions investors that it undertakes no obligation to update any forward-looking statements, which speak only as of the date made, notwithstanding any changes in its assumptions, business plans, actual experience or other changes.
<div class="lb-trans">投资者需注意，Stratus 的前瞻性声明所基于的许多假设在前瞻性声明发布后可能会发生变化。此外，Stratus 可能会对其商业计划进行更改，这可能会影响其结果。Stratus 提醒投资者，其没有义务更新任何前瞻性声明，这些声明仅在发布时有效，尽管其假设、商业计划、实际经验或其他变化有所不同。
</div>A copy of this release is available on Stratus’ website, stratusproperties.com.
<div class="lb-trans">本公告的副本可在 Stratus 的网站上获取，网址为 stratusproperties.com。
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View source version on businesswire.com: https://www.businesswire.com/news/home/20251222145277/en/
<div class="lb-trans">查看商业新闻网站上的源版本：https://www.businesswire.com/news/home/20251222145277/en/
</div>Financial and Media Contact:
<div class="lb-trans">财务和媒体联系人：
</div>William H. Armstrong III
<div class="lb-trans">William H. Armstrong III
</div>(512) 478-5788
<div class="lb-trans">(512) 478-5788
</div>Source: Stratus Properties Inc.
<div class="lb-trans">来源：Stratus Properties Inc.
</div>

Stratus Properties Inc.宣布审查战略替代方案以最大化股东价值 | STRS 股票新闻