Stratus Properties Inc. (STRS) Bundle
A Brief History of Stratus Properties Inc. (STRS)
Company Overview
Stratus Properties Inc. (STRS) is a real estate development and investment company headquartered in Austin, Texas. Founded in 1992, the company is publicly traded on the NASDAQ stock exchange.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Market Capitalization | $246.7 million |
| Annual Revenue | $53.4 million |
| Net Income | $12.1 million |
| Stock Price (as of January 2024) | $33.75 |
Property Portfolio
Stratus Properties focuses on real estate development in the Austin metropolitan area.
- Total Property Holdings: 1,200 acres
- Commercial Properties: 35% of portfolio
- Residential Developments: 65% of portfolio
Key Business Segments
| Segment | Revenue Contribution |
|---|---|
| Commercial Real Estate | 42% |
| Residential Development | 38% |
| Land Sales | 20% |
Ownership and Governance
Publicly Traded Information:
- Stock Symbol: STRS
- Exchange: NASDAQ
- Total Outstanding Shares: 7.3 million
Recent Projects
Notable development projects in the Austin area include mixed-use developments and commercial real estate complexes.
Who Owns Stratus Properties Inc. (STRS)
Major Shareholders
According to the latest SEC filings, the ownership of Stratus Properties Inc. is structured as follows:
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| Barron Kidd | 476,000 | 16.4% |
| Dimensional Fund Advisors LP | 223,299 | 7.7% |
| BlackRock Inc. | 196,987 | 6.8% |
Insider Ownership
As of the most recent reporting period, insider ownership includes:
- William H. Armstrong III (Chairman): 153,800 shares
- Stratus Properties Inc. Board of Directors: Collectively own 312,456 shares
Institutional Investors
Top institutional investors include:
| Institution | Shares | Percentage |
|---|---|---|
| Vanguard Group Inc. | 185,432 | 6.4% |
| State Street Corporation | 142,876 | 4.9% |
Public Float
Total Public Float: 2,898,765 shares
Stratus Properties Inc. (STRS) Mission Statement
Company Overview
Stratus Properties Inc. trades on NASDAQ under the ticker STRS. As of Q4 2023, the company's market capitalization was $138.5 million.
Core Business Strategy
Stratus Properties focuses on real estate development and investment in Texas, with primary operations in Austin and surrounding regions.
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $43.6 million |
| Net Income | $7.2 million |
| Total Assets | $326.4 million |
Strategic Objectives
- Develop mixed-use commercial and residential properties
- Maximize shareholder value through strategic real estate investments
- Maintain strong presence in Central Texas market
Key Property Development Areas
Current Development Locations:
- Bastrop, Texas
- Austin, Texas
- Lakeway, Texas
| Property Type | Number of Projects | Estimated Value |
|---|---|---|
| Commercial | 7 | $92.3 million |
| Residential | 4 | $65.7 million |
Financial Performance
Stock price as of December 31, 2023: $24.15 per share
How Stratus Properties Inc. (STRS) Works
Company Overview
Stratus Properties Inc. is a real estate development and investment company headquartered in Austin, Texas. As of Q4 2023, the company had a market capitalization of $107.4 million.
Business Segments
Stratus operates through the following primary business segments:
- Real Estate Development
- Commercial Property Leasing
- Land Management
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $44.2 million |
| Net Income | $6.7 million |
| Total Assets | $328.6 million |
| Stockholders' Equity | $221.3 million |
Property Portfolio
Stratus Properties manages approximately 1,200 acres of land primarily in the Austin metropolitan area.
Key Investment Properties
- Northview Corporate Center
- Stratus Office Park
- Multiple residential development projects
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (as of January 2024) | $21.35 |
| 52-Week High | $26.50 |
| 52-Week Low | $18.75 |
Geographic Focus
Primary Market: Austin, Texas metropolitan area
Operational Strategy
Stratus focuses on mixed-use development, commercial leasing, and strategic land management in high-growth markets.
How Stratus Properties Inc. (STRS) Makes Money
Real Estate Development and Investment
Stratus Properties Inc. generates revenue through real estate development and investment activities primarily in Texas. As of the most recent financial reporting, the company focuses on:
- Commercial property development
- Residential real estate projects
- Land sales and entitlement
Revenue Breakdown
| Revenue Source | Annual Revenue (2023) |
|---|---|
| Commercial Property Leasing | $12.4 million |
| Residential Development Sales | $8.7 million |
| Land Sales | $5.2 million |
Key Property Portfolio
Stratus Properties owns and develops properties in:
- Austin, Texas metropolitan area
- Lakeway, Texas
- Bee Cave, Texas
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $26.3 million |
| Net Income | $4.1 million |
| Total Assets | $197.6 million |
Investment Strategy
Primary focus remains on mixed-use development projects in Central Texas, with an emphasis on creating value through strategic land entitlement and development.
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