Exhibit 99.1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including additional amendments thereto) with respect to the shares of common stock, $0.01 par value per share, of Stratus Properties Inc., a Delaware corporation. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.
Dated: September 9, 2016
| BLR Partners LP |
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| By: | BLRPart, LP General Partner |
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| By: | BLRGP Inc. General Partner |
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| By: | /s/ Bradley L. Radoff |
| | Name: | Bradley L. Radoff |
| | Title: | Sole Director |
| BLRPart, LP |
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| By: | BLRGP Inc. General Partner |
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| By: | /s/ Bradley L. Radoff |
| | Name: | Bradley L. Radoff |
| | Title: | Sole Director |
| BLRGP Inc. |
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| By: | /s/ Bradley L. Radoff |
| | Name: | Bradley L. Radoff |
| | Title: | Sole Director |
| Fondren Management, LP |
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| By: | FMLP Inc. General Partner |
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| By: | /s/ Bradley L. Radoff |
| | Name: | Bradley L. Radoff |
| | Title: | Sole Director |
| FMLP Inc. |
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| By: | /s/ Bradley L. Radoff | |
| | Name: | Bradley L. Radoff | |
| | Title: | Sole Director | |
| /s/ Bradley L. Radoff |
| Bradley L. Radoff |
| Perry J. Radoff, P.C. Profit Sharing Plan |
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| By: | /s/ Perry J. Radoff |
| | Name: | Perry J. Radoff |
| | Title: | Trustee |
| /s/ Perry J. Radoff |
| Perry J. Radoff |
| Middle Stump, Inc. |
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| By: | /s/ Jonathan Kagan |
| | Name: | Jonathan Kagan |
| | Title: | President and Sole Director |
| /s/ Jonathan Kagan |
| Jonathan Kagan |
| /s/ Joshua E. Schechter |
| Joshua E. Schechter |