Stratus Properties Inc. Files 8-K with Material Agreements

TL;DR

STRATUS PROPERTIES INC (STRS) filed an 8-K on 9/30/25, reporting material agreements and other events.

AI Summary

Stratus Properties Inc. filed an 8-K on October 6, 2025, reporting on events as of September 30, 2025. The filing indicates the entry into a material definitive agreement, other events, and includes financial statements and exhibits. The company, incorporated in Delaware, is based in Austin, Texas.

Why It Matters

This 8-K filing signals significant corporate actions or agreements by Stratus Properties Inc., which could impact its business operations, financial standing, and stock value.

Risk Assessment

Risk Level: medium — 8-K filings often contain material information that can lead to significant stock price volatility.

Key Players & Entities

• Stratus Properties Inc. (company) — Registrant
• 0000885508-25-000061 (filing_id) — Accession Number
• 20251006 (date) — Filing Date
• 20250930 (date) — Report Date
• Austin, Texas (location) — Principal Executive Offices
• 721211572 (ein) — IRS Employer Identification Number

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share STRS The NASDAQ Stock Market
• $1.5 m — ) provide for advances of an additional $1.5 million, bringing the outstanding princip
• $32.9 million — anding principal balance of the Loan to $32.9 million with no funds remaining available for a
• $1.5 million — mit the Partnership to distribute up to $1.5 million to the partners. Accordingly, the Loa
• $3.0 million — t of the Partnership to allow for up to $3.0 million of distributions to the partners betwee

Filing Documents

• strs-20250930.htm (8-K) — 30KB
• exhibit101amendmenttoloand.htm (EX-10.1) — 80KB
• exhibit102notetcb1000000-t.htm (EX-10.2) — 21KB
• strs-20250930_g1.jpg (GRAPHIC) — 14KB
• 0000885508-25-000061.txt ( ) — 316KB
• strs-20250930.xsd (EX-101.SCH) — 2KB
• strs-20250930_def.xml (EX-101.DEF) — 7KB
• strs-20250930_lab.xml (EX-101.LAB) — 25KB
• strs-20250930_pre.xml (EX-101.PRE) — 18KB
• strs-20250930_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement . On September 30, 2025, The Saint June, L.P. (the Partnership), a Texas limited partnership and 34.13% owned subsidiary of Stratus Properties Inc. (Stratus), as borrower, Stratus, as guarantor, Texas Capital Bank, as administrative agent, and each of the lenders party thereto, entered into an Amendment to Loan Agreement and related agreements effective as of September 30, 2025 (the Amendments), which amend that certain Loan Agreement dated June 2, 2021 by and between the Partnership, Texas Capital Bank and each of the lenders party thereto, each as previously amended (collectively and as amended, the Loan Agreements) and the related Guaranty Agreement by Stratus. The Loan Agreements provide for a construction loan (as amended, the Loan) to finance a portion of the cost of the development and construction of The Saint June, a 182-unit luxury garden-style multi-family project within the Amarra development in Barton Creek, located in Austin, Texas. Construction of The Saint June was completed in fourth-quarter 2023. The Amendments (i) extend the maturity date of the Loan to October 2, 2027; (ii) provide for advances of an additional $1.5 million, bringing the outstanding principal balance of the Loan to $32.9 million with no funds remaining available for additional principal advances; (iii) decrease the interest rate applicable margin from 2.35% to 2.00%; (iv) eliminate the requirement to make monthly principal payments prior to maturity; and (v) add a new property-level minimum debt yield financial covenant, which replaces the existing property-level debt service coverage ratio. If the debt yield financial covenant is not met, the principal balance of the Loan must be paid down in an amount sufficient to achieve the minimum debt yield. The Amendments permit the Partnership to distribute up to $1.5 million to the partners. Accordingly, the Loan bears interest at the one-month Term Secured Overnight Financing

01. Other Events

Item 8.01. Other Events . As previously disclosed, Stratus and the Class B limited partner in the Partnership have made operating loans to the Partnership. In connection with the Amendments, the partners entered into an amendment to the limited partnership agreement of the Partnership to allow for up to $3.0 million of distributions to the partners between September 1, 2025 through September 30, 2027 prior to the Partnership's repayment of the operating loans.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits . (d) Exhibits. Exhibit Number Exhibit Title 10.1 Amendment to Loan Documents by and among The Saint June, L.P., as borrower, Stratus Properties Inc., as guarantor, Texas Capital Bank, as administrative agent, and each of the lenders party thereto, dated September 30, 2025. 10.2 Note by and between The Saint June, L.P. and Texas Capital Bank effective September 30, 2025. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Stratus Properties Inc. By: /s/ Erin D. Pickens Erin D. Pickens Senior Vice President and Chief Financial Officer (authorized signatory and Principal Financial Officer and Principal Accounting Officer) Date: October 6, 2025

View Full Filing

View this 8-K filing on SEC EDGAR