Stratus approves liquidation plan, targets $29.73-$37.69/share distributions after asset sales

Filed March 27, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 28, 2025 · ~2 min read

Key Changes

• high

  Board approved complete liquidation and dissolution in March 2026, subject to stockholder vote. Company will sell all assets and distribute net proceeds to stockholders after paying liabilities. Financial statements remain on going-concern basis pending approval.

  MD&A: Plan of Liquidation verify on EDGAR →
• high

  Estimated liquidating distributions range from $29.73 to $37.69 per share. Company sold Lantana Place Retail ($57.5M, $27.5M gain), West Killeen Market ($13.3M, $5.0M gain), and Kingwood Place ($60.8M) in 2025-2026, generating $50.9M net cash proceeds.

  MD&A: Asset Sales & Distributions verify on EDGAR →
• high

  Cash position surged to $74.3 million at year-end 2025 from $20.2 million in 2024, driven by property sales and partnership distributions. Total debt fell from $196.7M to $143.8M. Net income rose to $12.0M ($1.47/share) from $2.0M ($0.24/share).

  MD&A: Financial Position verify on EDGAR →