公司宣佈出售 Kingwood Place 的協議
德克薩斯州奧斯丁 --（商業新聞）--Stratus Properties Inc.（納斯達克：STRS）（“Stratus”）今天宣佈，其董事會（“董事會”）已啓動一個過程，以探索戰略選擇，以最大化股東價值，並尋求外部獨立的財務和法律顧問的協助。董事會打算考慮一系列全面的選擇，包括但不限於出售 Stratus、解散和清算計劃、進一步的股票回購以及其他戰略或財務交易。
Stratus 還宣佈已達成協議，以 6080 萬美元出售 Kingwood Place。Kingwood Place 是 Stratus 在德克薩斯州 Kingwood（休斯頓大都市區）的一項以 H-E-B 為主的綜合開發項目。如果交易完成，預計在扣除銷售成本和項目貸款支付後，將產生約 2600 萬美元的税前淨現金收益。這一金額高於 Stratus 在 2025 年 3 月 28 日的投資者演示中反映的 Kingwood Place 的税前淨資產價值。Stratus 通過與股權投資者的有限合夥關係擁有 Kingwood Place 約 60% 的股份。如果交易完成，預計將在 2026 年第一季度完成，屆時買方可以在檢查期結束後終止合同，並且需滿足交割條件。這筆交易將跟隨最近完成的 Stratus 其他兩個穩定零售項目的銷售，分別是 Lantana Place – Retail 和 West Killeen Market。
Stratus 董事會主席兼首席執行官 William H. Armstrong III 表示：“在過去十年中，我們為早期項目獲得了寶貴的權利，併成功租賃或出售了絕大多數已完成的物業。我們現在擁有來自近期資產銷售的穩健現金頭寸、精簡的投資組合和更成熟的資產基礎。憑藉通過資產銷售實現溢價價值的良好記錄， 並在董事會探索使用我們現金的機會的基礎上，我們認為現在是評估識別我們剩餘投資組合價值並以税收高效的方式將現金返還給股東的合適時機。”
董事會尚未設定評估結束的時間表，也未就任何潛在的戰略選擇做出任何決定。目前無法保證該過程的結果，或者如果發生交易，任何此類交易的時間。Stratus 不打算在認為進一步披露合適或必要之前對此過程進行進一步評論。
Eastdil Secured 正在作為 Stratus 的財務顧問參與此過程。Jones Walker LLP 和 Sidley Austin LLP 正在作為 Stratus 的法律顧問。
關於 Stratus
Stratus Properties Inc. 主要從事德克薩斯州奧斯丁地區及其他特定市場的多户和單户住宅及商業房地產的權利獲取、開發、管理、租賃和銷售。除了已開發的物業外，Stratus 還有一個開發組合，包括約 1500 英畝的商業和住宅項目正在開發中或未開發的土地，供未來使用。Stratus 的商業房地產組合包括穩定的零售物業或未來的零售和綜合開發項目，不包括商業辦公空間。Stratus 從其已開發和未開發物業的銷售、零售、綜合和多户物業的租賃以及從其物業獲得的開發和資產管理費用中產生收入和現金流。
警示聲明
本新聞稿包含前瞻性聲明，Stratus 在其中討論了其認為可能影響其未來業績和商業戰略的因素。前瞻性聲明是指除歷史事實陳述以外的所有陳述，例如關於戰略選擇審查的潛在結果、可能考慮的潛在戰略選擇、未來向股東返還現金的潛力、Stratus 從 Kingwood Place 銷售中估計的税前收益，以及 Kingwood Place 的銷售是否以及何時完成的陳述。詞語 “預期”、“可能”、“可以”、“計劃”、“相信”、“潛在”、“估計”、“期望”、“項目”、“目標”、“打算”、“可能”、“將”、“應該”、“成為” 和任何類似的表達或陳述旨在將這些斷言標識為前瞻性聲明。
Stratus 提醒讀者，前瞻性聲明並不保證未來的業績，其實際結果可能與前瞻性聲明中預期、預計、預測或假設的結果有重大差異。導致 Stratus 實際結果與前瞻性聲明中預期結果有重大差異的重要因素包括但不限於與戰略選擇審查相關的風險，包括戰略審查過程的目標是否能夠實現、成本和費用的發生、管理層在此審查中時間的分散，以及戰略審查及其公告可能對 Stratus 保留和招聘關鍵人員、維護與合作伙伴、供應商、員工、股東及其他關係的能力以及其經營結果和整體業務產生不利影響的風險，Stratus 可能決定在董事會的戰略審查過程後不改變其長期商業戰略的可能性，因市場、監管及其他因素導致 Stratus 無法完成戰略審查所產生的任何提議的戰略選擇，戰略審查過程可能對 Stratus 的業務造成干擾的風險，涉及戰略審查的任何訴訟的風險，戰略審查過程的公告、暫停或完成及其結果可能對 Stratus 的股價產生的不利影響，Stratus 與買方是否能夠在預期的時間框架內或完全滿足購買協議中關於 Kingwood Place 的各自義務和條件，Stratus 成功實施其商業戰略的能力，包括其開發、融資、建設及以董事會認為可接受的條款出售或租賃物業的能力，運營和建設成本的增加，包括房地產税、維護和保險費用，以及建築材料和勞動力的成本，通貨膨脹和利率的上升，關税和貿易政策變化的影響，包括威脅性關税，供應鏈限制，Stratus 償還或再融資其債務的能力，延長貸款到期日或遵守或獲得債務協議中財務和其他契約的豁免，以及滿足其他現金義務，銀行信貸的可用性，承包商和分包商的違約，Stratus 資產市場價值的下降，市場條件或公司發展可能阻礙、損害或延遲與出售、再資本化或再融資物業計劃相關的任何機會，Stratus 在其運營的德克薩斯州特定市場（尤其是奧斯丁）對房地產需求的下降，經濟、市場、税收、商業和地緣政治條件的變化，潛在的美國或地方經濟衰退或衰退，Stratus 獲得各種權利和許可證的能力，影響房地產開發的法律、法規或監管環境的變化，以及在 Stratus 截至 2024 年 12 月 31 日的年度報告和截至 2025 年 9 月 30 日的季度報告中 “風險因素” 標題下更詳細描述的其他因素，這些報告均已提交給美國證券交易委員會。
投資者需注意，Stratus 的前瞻性聲明所基於的許多假設在前瞻性聲明發布後可能會發生變化。此外，Stratus 可能會對其商業計劃進行更改，這可能會影響其結果。Stratus 提醒投資者，其沒有義務更新任何前瞻性聲明，這些聲明僅在發佈時有效，儘管其假設、商業計劃、實際經驗或其他變化有所不同。
本公告的副本可在 Stratus 的網站上獲取，網址為 stratusproperties.com。
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查看商業新聞網站上的源版本：https://www.businesswire.com/news/home/20251222145277/en/
財務和媒體聯繫人：
William H. Armstrong III
(512) 478-5788
來源：Stratus Properties Inc.

STRS

Stratus Properties Inc. 宣佈其董事會正在探索戰略選擇，以最大化股東價值，包括潛在的出售、解散、清算、股票回購和其他交易。該公司還同意以 6080 萬美元的價格出售 Kingwood Place，預計將產生 2600 萬美元的税前淨現金收益。該交易預計將在 2026 年第一季度完成。Stratus 通過近期的資產銷售擁有穩健的現金狀況，並旨在以税務高效的方式向股東返還現金。戰略審查結果尚未設定時間表或做出決定

Company Announces Agreement to Sell Kingwood Place
<div class="lb-trans">公司宣佈出售 Kingwood Place 的協議
</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">德克薩斯州奧斯丁 --（商業新聞）--Stratus Properties Inc.（納斯達克：STRS）（“Stratus”）今天宣佈，其董事會（“董事會”）已啓動一個過程，以探索戰略選擇，以最大化股東價值，並尋求外部獨立的財務和法律顧問的協助。董事會打算考慮一系列全面的選擇，包括但不限於出售 Stratus、解散和清算計劃、進一步的股票回購以及其他戰略或財務交易。
</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 還宣佈已達成協議，以 6080 萬美元出售 Kingwood Place。Kingwood Place 是 Stratus 在德克薩斯州 Kingwood（休斯頓大都市區）的一項以 H-E-B 為主的綜合開發項目。如果交易完成，預計在扣除銷售成本和項目貸款支付後，將產生約 2600 萬美元的税前淨現金收益。這一金額高於 Stratus 在 2025 年 3 月 28 日的投資者演示中反映的 Kingwood Place 的税前淨資產價值。Stratus 通過與股權投資者的有限合夥關係擁有 Kingwood Place 約 60% 的股份。如果交易完成，預計將在 2026 年第一季度完成，屆時買方可以在檢查期結束後終止合同，並且需滿足交割條件。這筆交易將跟隨最近完成的 Stratus 其他兩個穩定零售項目的銷售，分別是 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 董事會主席兼首席執行官 William H. Armstrong III 表示：“在過去十年中，我們為早期項目獲得了寶貴的權利，併成功租賃或出售了絕大多數已完成的物業。我們現在擁有來自近期資產銷售的穩健現金頭寸、精簡的投資組合和更成熟的資產基礎。憑藉通過資產銷售實現溢價價值的良好記錄， 並在董事會探索使用我們現金的機會的基礎上，我們認為現在是評估識別我們剩餘投資組合價值並以税收高效的方式將現金返還給股東的合適時機。”
</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">董事會尚未設定評估結束的時間表，也未就任何潛在的戰略選擇做出任何決定。目前無法保證該過程的結果，或者如果發生交易，任何此類交易的時間。Stratus 不打算在認為進一步披露合適或必要之前對此過程進行進一步評論。
</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 正在作為 Stratus 的財務顧問參與此過程。Jones Walker LLP 和 Sidley Austin LLP 正在作為 Stratus 的法律顧問。
</div>About Stratus
<div class="lb-trans">關於 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. 主要從事德克薩斯州奧斯丁地區及其他特定市場的多户和單户住宅及商業房地產的權利獲取、開發、管理、租賃和銷售。除了已開發的物業外，Stratus 還有一個開發組合，包括約 1500 英畝的商業和住宅項目正在開發中或未開發的土地，供未來使用。Stratus 的商業房地產組合包括穩定的零售物業或未來的零售和綜合開發項目，不包括商業辦公空間。Stratus 從其已開發和未開發物業的銷售、零售、綜合和多户物業的租賃以及從其物業獲得的開發和資產管理費用中產生收入和現金流。
</div>CAUTIONARY STATEMENT
<div class="lb-trans">警示聲明
</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">本新聞稿包含前瞻性聲明，Stratus 在其中討論了其認為可能影響其未來業績和商業戰略的因素。前瞻性聲明是指除歷史事實陳述以外的所有陳述，例如關於戰略選擇審查的潛在結果、可能考慮的潛在戰略選擇、未來向股東返還現金的潛力、Stratus 從 Kingwood Place 銷售中估計的税前收益，以及 Kingwood Place 的銷售是否以及何時完成的陳述。詞語 “預期”、“可能”、“可以”、“計劃”、“相信”、“潛在”、“估計”、“期望”、“項目”、“目標”、“打算”、“可能”、“將”、“應該”、“成為” 和任何類似的表達或陳述旨在將這些斷言標識為前瞻性聲明。
</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 提醒讀者，前瞻性聲明並不保證未來的業績，其實際結果可能與前瞻性聲明中預期、預計、預測或假設的結果有重大差異。導致 Stratus 實際結果與前瞻性聲明中預期結果有重大差異的重要因素包括但不限於與戰略選擇審查相關的風險，包括戰略審查過程的目標是否能夠實現、成本和費用的發生、管理層在此審查中時間的分散，以及戰略審查及其公告可能對 Stratus 保留和招聘關鍵人員、維護與合作伙伴、供應商、員工、股東及其他關係的能力以及其經營結果和整體業務產生不利影響的風險，Stratus 可能決定在董事會的戰略審查過程後不改變其長期商業戰略的可能性，因市場、監管及其他因素導致 Stratus 無法完成戰略審查所產生的任何提議的戰略選擇，戰略審查過程可能對 Stratus 的業務造成干擾的風險，涉及戰略審查的任何訴訟的風險，戰略審查過程的公告、暫停或完成及其結果可能對 Stratus 的股價產生的不利影響，Stratus 與買方是否能夠在預期的時間框架內或完全滿足購買協議中關於 Kingwood Place 的各自義務和條件，Stratus 成功實施其商業戰略的能力，包括其開發、融資、建設及以董事會認為可接受的條款出售或租賃物業的能力，運營和建設成本的增加，包括房地產税、維護和保險費用，以及建築材料和勞動力的成本，通貨膨脹和利率的上升，關税和貿易政策變化的影響，包括威脅性關税，供應鏈限制，Stratus 償還或再融資其債務的能力，延長貸款到期日或遵守或獲得債務協議中財務和其他契約的豁免，以及滿足其他現金義務，銀行信貸的可用性，承包商和分包商的違約，Stratus 資產市場價值的下降，市場條件或公司發展可能阻礙、損害或延遲與出售、再資本化或再融資物業計劃相關的任何機會，Stratus 在其運營的德克薩斯州特定市場（尤其是奧斯丁）對房地產需求的下降，經濟、市場、税收、商業和地緣政治條件的變化，潛在的美國或地方經濟衰退或衰退，Stratus 獲得各種權利和許可證的能力，影響房地產開發的法律、法規或監管環境的變化，以及在 Stratus 截至 2024 年 12 月 31 日的年度報告和截至 2025 年 9 月 30 日的季度報告中 “風險因素” 標題下更詳細描述的其他因素，這些報告均已提交給美國證券交易委員會。
</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">投資者需注意，Stratus 的前瞻性聲明所基於的許多假設在前瞻性聲明發布後可能會發生變化。此外，Stratus 可能會對其商業計劃進行更改，這可能會影響其結果。Stratus 提醒投資者，其沒有義務更新任何前瞻性聲明，這些聲明僅在發佈時有效，儘管其假設、商業計劃、實際經驗或其他變化有所不同。
</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 的網站上獲取，網址為 stratusproperties.com。
</div><img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNTEyMjIxNDUyNzdyMQ" alt="" original-src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20251222145277r1&amp;sid=acqr8&amp;distro=nx&amp;lang=en"/>
View source version on businesswire.com: https://www.businesswire.com/news/home/20251222145277/en/
<div class="lb-trans">查看商業新聞網站上的源版本：https://www.businesswire.com/news/home/20251222145277/en/
</div>Financial and Media Contact:
<div class="lb-trans">財務和媒體聯繫人：
</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">來源：Stratus Properties Inc.
</div>

Stratus Properties Inc.宣佈審查戰略替代方案以最大化股東價值 | STRS 股票新聞