Stratus Properties' Board Approves Plan to Dissolve and Sell All Assets; Co. Estimates Aggregate Net Proceeds From The Asset Sales Could Result In Total Distributions To Stockholders Of $29.73 To $37.69 Per Share

Stratus Properties Inc. (NASDAQ:STRS) ("Stratus" or the "Company") today announced that its Board of Directors (the "Board") has unanimously approved a plan of complete liquidation and dissolution (the "Plan") following conclusion of the strategic review announced on March 11, 2026. The Plan provides that the Company will be dissolved and will conduct an orderly sale of all or substantially all of the Company's assets and distribute the net proceeds to the Company's stockholders, subject to payment of or reasonable provision for the Company's liabilities and obligations. The Plan is subject to stockholder approval, and the Company anticipates that the Plan will be submitted for stockholder approval at a future meeting of stockholders. Additional information regarding the Plan will be made available in a proxy statement (the "Proxy Statement") to be filed with the U.S. Securities and Exchange Commission (the "SEC").