Stratus Properties Inc. (the Company) held its 2019 annual meeting of stockholders on May 2, 2019, in Austin, Texas. At the annual meeting, the Companys stockholders (1) elected William H. Armstrong III, Ella G. Benson and Charles W. Porter to serve as Class III directors of the Company, each for a three-year term; (2) approved, on an advisory basis, the compensation of the Companys named executive officers; (3) approved, on an advisory basis, conducting future advisory votes on the compensation of the Companys named executive officers every year; and (4) ratified the appointment of BKM Sowan Horan, LLP as the Companys independent registered public accounting firm for the 2019 fiscal year.

Of the 8,164,370 shares of the Companys common stock outstanding as of the record date, 7,810,246 shares were represented in person or by proxy at the annual meeting. The inspector of elections reported the final vote of stockholders as follows:

Proposal No. 1: Election of three Class II director nominees.

Proposal No. 2:>>Approval, on an advisory basis, of the compensation of the Companys named executive officers.

Proposal No. 3: Approval, on an advisory basis, of the frequency of future advisory votes on the compensation of the Companys named executive officers.

In accordance with the results of the vote on Proposal No. 3, the Company, based on the recommendation of its Board of Directors and the vote of its stockholders, will hold an advisory vote on the compensation of its named executive officers every year until the next required vote on the frequency of stockholder votes on the compensation of the Companys named executive officers, which will occur no later than the Companys annual meeting of stockholders in 2025.

Proposal No. 4:>>Ratification of the appointment of BKM Sowan Horan, LLP as the Companys independent registered public accounting firm for the 2019 fiscal year.

About Stratus Properties Inc. (NASDAQ:STRS)

Stratus Properties Inc. (Stratus) is a diversified real estate company. The Company is engaged primarily in the acquisition, entitlement, development, management, operation and sale of commercial, hotel, entertainment, and multi- and single-family residential real estate properties, primarily located in the Austin, Texas area, but including projects in certain other select markets in Texas. It operates in four segments: Hotel, Entertainment, Real Estate Operations and Commercial Leasing. Its properties include Barton Creek that includes Calera, Amarra Drive, Mirador Estate and Barton Creek Village; Circle C Community; Lantana; The Oaks at Lakeway and Magnolia. The Hotel segment includes the W Austin Hotel, which has over 251 luxury rooms and suites, a full service spa, gym, rooftop pool and over 9,750 square feet of meeting space. The Commercial Leasing segment includes the office and retail space at the W Austin Hotel & Residences project and a retail building at The Oaks at Lakeway.