Stratus Properties Inc., a real estate company, engages in the acquisition, entitlement, development, management, and sale of commercial, and multi-and single-family residential real estate properties primarily in Texas. The company operates in four segments: Real Estate Operations, Leasing Operations, Hotel, and Entertainment. Its leasing operations cover lease of space at retail and mixed-use properties; and residences in multi-family apartment complexes. The company also operates hotel under the W Austin hotel name that includes 251 luxury rooms and suites; restaurant and bars; a full-service spa; fitness center; pool and outdoor terraces; and meeting and banquet spaces. In addition, it operates entertainment space that includes 2,750-seats live music, entertainment venue, and production studio; and hosts concerts and private events. Stratus Properties Inc. was incorporated in 1992 and is headquartered in Austin, Texas.
IPO Year:
Exchange: NASDAQ
Website: stratusproperties.com
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
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Stratus Properties Inc. (NASDAQ:STRS), a residential and retail focused real estate company with operations in the Austin, Texas area and other select markets in Texas, today reported third-quarter and nine-month 2024 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $0.4 million, or $0.05 per diluted share, in third-quarter 2024, compared to net loss attributable to common stockholders of $2.8 million, or $0.36 per diluted share, in third-quarter 2023. During the first nine months of 2024, net income attributable to common stockholders totaled $2.5 million, or $0.30 per diluted share, compared to net loss attributable to common stockhold
Stratus Properties Inc. (NASDAQ:STRS) ("Stratus") today announced that it has completed the previously disclosed sale of its 100% owned, unleveraged and fully-leased Magnolia Place – Retail property for $8.9 million, generating pre-tax net cash proceeds of approximately $8.6 million. At its Magnolia, Texas location, following the sale, Stratus retains potential development of approximately 11 acres planned for 275 multi-family units and approximately $12 million of potential future reimbursement from the municipal utility district. The Magnolia Place – Retail property was part of Stratus' H-E-B grocery shadow-anchored, mixed-use development project in Magnolia, Texas in the greater Hous
Stratus Properties Inc. (NASDAQ:STRS), a residential and retail focused real estate company with operations in the Austin, Texas area and other select markets in Texas, today reported second-quarter 2024 and six-month results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $1.7 million, or $0.21 per diluted share, in second-quarter 2024, compared to $5.3 million, or $0.66 per diluted share, in second-quarter 2023. During the first six months of 2024, net income attributable to common stockholders totaled $2.8 million, or $0.35 per diluted share, compared to net loss attributable to common stockholders of $11.1 million, or $1.39 per diluted shar
Stratus Properties Inc. (NASDAQ:STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported first-quarter 2024 results. Highlights and Recent Developments: Net income attributable to common stockholders totaled $4.6 million, or $0.56 per diluted share, in first-quarter 2024, compared to net loss attributable to common stockholders of $(5.8) million, or $(0.73) per diluted share, in first-quarter 2023. Revenues for first-quarter 2024 were $26.5 million compared to revenues of $5.8 million for first-quarter 2023, with the increase primarily due to the sale of approximately 47 acres at Magn
Stratus Properties Inc. (NASDAQ:STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported year ended December 31, 2023 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $(14.8) million, or $(1.85) per diluted share, in the year ended December 31, 2023, compared to net income attributable to common stockholders of $90.4 million, or $10.99 per diluted share, in the year ended December 31, 2022. Stratus' total stockholders' equity increased by $33.3 million over the past two fiscal years to $191.5 million at December 31, 2023, primarily a re
Stratus Properties Inc. (NASDAQ:STRS) ("Stratus" or the "Company") today announced that it completed the previously disclosed sale of approximately 47 acres at Magnolia Place for $14.5 million. The sale generated pre-tax net cash proceeds to Stratus of approximately $5.3 million, after transaction expenses and payment of the remaining $8.8 million project loan. With the completion of this sale and prior sales of portions of the project, Magnolia Place, which is 100% owned by Stratus, consists of two fully-leased retail buildings totaling 18,582 square feet, 11 acres planned for approximately 275 multi-family units and approximately $12.1 million of potential future reimbursements from the m
Stratus Properties Inc. (NASDAQ:STRS) ("Stratus" or the "Company") today confirmed that on January 24, 2024 it received an unsolicited, non-binding proposal from NXSTEP Opportunity Partners ("NXSTEP") to acquire Stratus for $27.18 per share in cash, subject to adjustments. NXSTEP's proposal was subject to a number of conditions and assumptions, including important assumptions that were incorrect. Stratus' Board of Directors ("Board") considered the proposal and determined unanimously that the proposal substantially undervalues the Company and its future prospects and is not in the best interests of the Company and its stockholders. Accordingly, the Board advised NXSTEP on February 15, 202
Stratus Properties Inc. (NASDAQ:STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported third-quarter 2023 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $2.8 million, or $0.35 per diluted share, in third-quarter 2023, compared to net loss attributable to common stockholders of $2.4 million, or $0.29 per diluted share, in third-quarter 2022. Net loss attributable to common stockholders totaled $13.9 million, or $1.69 per diluted share, in the first nine months ended September 30, 2023, compared to net income attributable to common stock
Stratus Properties Inc. (NASDAQ:STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported second-quarter 2023 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $5.3 million, or $0.64 per diluted share, in second-quarter 2023, compared to net income attributable to common stockholders of $96.6 million, or $11.53 per diluted share, in second-quarter 2022. Net loss attributable to common stockholders totaled $11.1 million, or $1.35 per diluted share, in the six months ended June 30, 2023, compared to net income attributable to common stockholde
Stratus Properties Inc. (NASDAQ:STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported first-quarter 2023 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $5.8 million, or $0.71 per diluted share, in first-quarter 2023, compared to net income attributable to common stockholders of $2.3 million, or $0.27 per diluted share, in first-quarter 2022. Stratus' total stockholders' equity increased to $200.9 million at March 31, 2023, from $158.1 million at December 31, 2021, primarily as a result of the gain realized on Stratus' sale of Bloc
Stratus Properties Inc. (NASDAQ:STRS), a residential and retail focused real estate company with operations in the Austin, Texas area and other select markets in Texas, today reported third-quarter and nine-month 2024 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $0.4 million, or $0.05 per diluted share, in third-quarter 2024, compared to net loss attributable to common stockholders of $2.8 million, or $0.36 per diluted share, in third-quarter 2023. During the first nine months of 2024, net income attributable to common stockholders totaled $2.5 million, or $0.30 per diluted share, compared to net loss attributable to common stockhold
Stratus Properties Inc. (NASDAQ:STRS), a residential and retail focused real estate company with operations in the Austin, Texas area and other select markets in Texas, today reported second-quarter 2024 and six-month results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $1.7 million, or $0.21 per diluted share, in second-quarter 2024, compared to $5.3 million, or $0.66 per diluted share, in second-quarter 2023. During the first six months of 2024, net income attributable to common stockholders totaled $2.8 million, or $0.35 per diluted share, compared to net loss attributable to common stockholders of $11.1 million, or $1.39 per diluted shar
Stratus Properties Inc. (NASDAQ:STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported first-quarter 2024 results. Highlights and Recent Developments: Net income attributable to common stockholders totaled $4.6 million, or $0.56 per diluted share, in first-quarter 2024, compared to net loss attributable to common stockholders of $(5.8) million, or $(0.73) per diluted share, in first-quarter 2023. Revenues for first-quarter 2024 were $26.5 million compared to revenues of $5.8 million for first-quarter 2023, with the increase primarily due to the sale of approximately 47 acres at Magn
Stratus Properties Inc. (NASDAQ:STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported year ended December 31, 2023 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $(14.8) million, or $(1.85) per diluted share, in the year ended December 31, 2023, compared to net income attributable to common stockholders of $90.4 million, or $10.99 per diluted share, in the year ended December 31, 2022. Stratus' total stockholders' equity increased by $33.3 million over the past two fiscal years to $191.5 million at December 31, 2023, primarily a re
Stratus Properties Inc. (NASDAQ:STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported third-quarter 2023 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $2.8 million, or $0.35 per diluted share, in third-quarter 2023, compared to net loss attributable to common stockholders of $2.4 million, or $0.29 per diluted share, in third-quarter 2022. Net loss attributable to common stockholders totaled $13.9 million, or $1.69 per diluted share, in the first nine months ended September 30, 2023, compared to net income attributable to common stock
Stratus Properties Inc. (NASDAQ:STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported second-quarter 2023 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $5.3 million, or $0.64 per diluted share, in second-quarter 2023, compared to net income attributable to common stockholders of $96.6 million, or $11.53 per diluted share, in second-quarter 2022. Net loss attributable to common stockholders totaled $11.1 million, or $1.35 per diluted share, in the six months ended June 30, 2023, compared to net income attributable to common stockholde
Stratus Properties Inc. (NASDAQ:STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported first-quarter 2023 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $5.8 million, or $0.71 per diluted share, in first-quarter 2023, compared to net income attributable to common stockholders of $2.3 million, or $0.27 per diluted share, in first-quarter 2022. Stratus' total stockholders' equity increased to $200.9 million at March 31, 2023, from $158.1 million at December 31, 2021, primarily as a result of the gain realized on Stratus' sale of Bloc
Stratus Properties Inc. (NASDAQ:STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported year ended December 31, 2022 results. Highlights and Recent Developments: Record net income attributable to common stockholders totaled $90.4 million, or $10.99 per diluted share, in the year ended December 31, 2022, compared to net income attributable to common stockholders of $57.4 million, or $6.90 per diluted share, in the year ended December 31, 2021. Stratus' total stockholders' equity increased to $207.2 million at December 31, 2022, from $158.1 million at December 31, 2021, and $98.9 million
The company delivered revenue growth in most businesses in Israel and InternationallySuspension of manufacturing operations at the confectionery division and at Sabra negatively impacted growth and led to profit and margin erosionThe Confectionery Division, which resumed manufacturing in late 2022, has reached a 24%2 market share, close to pre-recall levels PETAH TIKVA, Israel, March 23, 2023 /PRNewswire/ -- This morning, Strauss Group (TASE: STRS) announced its financial results for the full year 2022 with revenue growth countered by profit and margin erosion. The company's results demonstrate growth in most categories, including the coffee business in Brazil and Eastern Europe, the water b
Stratus Properties Inc. (NASDAQ:STRS) ("Stratus" or the "Company") today announced that it has secured financing for, and commenced construction of, Holden Hills, a new development comprised of 475 custom residences on 495 acres within the established Barton Creek community in southwest Austin. Stratus considers Holden Hills, which is the last remaining single-family project in the Barton Creek community, to be a crown jewel of its 30-plus years of residential development. For more information about Holden Hills, visit www.HoldenHills.com. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230214005769/en/Holden Hills (Photo: Busines
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
Stratus Properties (NASDAQ:STRS) reported quarterly losses of $(0.16) per share. This is a 68.63 percent increase over losses of $(0.51) per share from the same period last year. The company reported $4.27 million in sales this quarter. This is a 67.90 percent decrease over sales of $13.30 million the same period last year.
Stratus Properties Inc. (NASDAQ:STRS) ("Stratus" or the "Company") today confirmed that on January 24, 2024 it received an unsolicited, non-binding proposal from NXSTEP Opportunity Partners ("NXSTEP") to acquire Stratus for $27.18 per share in cash, subject to adjustments. NXSTEP's proposal was subject to a number of conditions and assumptions, including important assumptions that were incorrect.Stratus' Board of Directors ("Board") considered the proposal and determined unanimously that the proposal substantially undervalues the Company and its future prospects and is not in the best interests of the Company and its stockholders. Accordingly, the Board advised NXSTEP on February 15, 2024 th
Stratus Properties (NASDAQ:STRS) reported quarterly losses of $(0.64) per share. This is a 811.11 percent decrease over earnings of $0.09 per share from the same period last year. The company reported $3.53 million in sales this quarter. This is a 68.27 percent decrease over sales of $11.13 million the same period last year.
Stratus Properties (NASDAQ:STRS) reported quarterly losses of $(0.71) per share. This is a 408.7 percent decrease over earnings of $0.23 per share from the same period last year. The company reported $5.80 million in sales this quarter. This is a 87.16 percent increase over sales of $3.10 million the same period last year.
What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching: Stratus Properties (NASDAQ:STRS) - P/E: 2.78 Medical Properties Trust (NYSE:MPW) - P/E: 5.86 Sotherly Hotels (NASDAQ:SOHO) - P/E: 1.61 BRT Apartments (NYSE:BRT) - P/E: 7.1
The Meaning Behind Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching: AFC Gamma (NASDAQ:AFCG) - P/E: 7.47 Alpine Income Prop Trust (NYSE:PINE) - P/E: 7.85 American Realty Investors (NYSE:ARL) - P/E: 1.37 Stratus Properties (NASDAQ:S
Stratus Properties Inc. (NASDAQ:STRS) ("Stratus" or the "Company") today announced the appointment of Laurie L. Dotter to its Board of Directors ("Board"). Ms. Dotter will serve as an independent Class I director, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210812005859/en/Laurie L. Dotter Appointed to Stratus Board (Photo: Business Wire) William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, stated, "We are pleased to welcome Laurie L. Dotter to our Board. Ms. Dotter has more than 30 years of experience in the real estate investment industry, including as Founding Partne
AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) announced at its 2021 annual meeting of shareholders earlier today that, based on the preliminary vote count provided by the Company’s proxy solicitor, shareholders voted to elect Stratus’ director nominees, Jim Leslie and Neville Rhone, Jr., to its Board of Directors (“Board”). Shareholders also approved, as recommended by the Board, the shareholder proposal to expand the Board and appoint Laurie Dotter as a new director. Only approximately 13% of the outstanding shares (excluding Oasis Management Company Ltd.’s own shares) voted for one or both director candidates nominated by Oasis
AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) announced today the appointment of Kate B. Henriksen to its Board of Directors (“Board”). Ms. Henriksen will serve as an independent Class III director, effective immediately, and will be up for election to the Board at the 2022 Annual Meeting of Stockholders. William H. Armstrong III, Chairman of the Board, President and Chief Executive Officer of Stratus, stated, “We are pleased that Kate Henriksen has joined our Board, bringing a deep understanding of real estate investing and real estate investment trust (REIT) operations. She currently serves as Co-Chief Investment Officer of the NYSE-traded REIT RLJ Lodgin
AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) announced today that on January 11, 2021, its subsidiary The Saint Mary, L.P. completed the sale of The Saint Mary, a 240-unit luxury, garden-style apartment project in the Circle C community in Austin, Texas, for $60 million, or $250,000 per unit. William H. Armstrong III, Chairman of the Board, President and Chief Executive Officer of Stratus, stated, “The sale of The Saint Mary is another example of the substantial value we create for our shareholders with our proven approach to developing and owning well-located properties in strong Texas markets. In fact, we believe that the per unit sales price for The Sai
AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) announced today the appointment of Neville L. Rhone, Jr. to its Board of Directors (“Board”). Mr. Rhone will serve as an independent Class II director, effective immediately, and will be up for election to the Board at the 2021 Annual Meeting of Stockholders. William H. Armstrong III, Chairman of the Board, President and Chief Executive Officer of Stratus, stated, “We are pleased to welcome Neville Rhone to our Board. Neville is a talented leader and real estate executive with a track record of reimagining urban mixed-use environments as a Co-Founder and Managing Partner of Arc Capital Partners. He also brings h