Stratus Properties Inc. (STRS) 10-Year Financial Performance & Capital Metrics

STRS • • REIT / Real Estate

Real EstateDiversified Real EstateRegional Real Estate Development & OperationsRegional Diversified Operators

AboutStratus 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 two segments, Real Estate Operations and Leasing Operations. Its leasing operations cover lease of space at retail and mixed-use, and multi-family properties. Stratus Properties Inc. was incorporated in 1992 and is headquartered in Austin, Texas.Show more

Revenue $54M +213.7%
FFO $8M +171.3%
FFO/Share 0.92 +169.6%
FFO Payout 5% +177.8%
FFO per Share 0.92 +169.6%
NOI Margin 20.62% +300.1%
FFO Margin 13.88% +122.7%
ROE 0.66% +112.6%
ROA 0.37% +112.1%
Debt/Assets 39.48% +7.0%
Net Debt/EBITDA 55.78
Book Value/Share 36.34 -1.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Sustainable FFO payout ratio of 5.0%
✓Momentum leader: RS Rating 85 (top 15%)
✓Trading near 52-week high
✓Trading at only 0.7x book value

✗Weaknesses

✗FFO declining 126.0% TTM
✗Low NOI margin of 20.6%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.37%

5Y-10.08%

3Y24.27%

TTM-33.73%

Profit (Net Income) CAGR

10Y-17.51%

5Y-

3Y-67.58%

TTM-605.62%

EPS CAGR

10Y-17.58%

5Y-

3Y-68.46%

TTM-618.67%

ROCE

10Y Avg3.79%

5Y Avg4.21%

3Y Avg-2.1%

Latest-0.45%

Peer Comparison

Regional Diversified Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
STRSStratus Properties Inc.	217.7M	27.23	113.46	213.74%	-25.38%	-2.44%		0.71
JOEThe St. Joe Company	3.78B	65.50	51.57	3.46%	21.41%	13.57%	1.54%	0.92

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	80.87M	80.34M	80.34M	87.6M	92.18M	44.33M	28.24M	37.5M	17.27M	54.18M
Revenue Growth %	-0.14%	-0.01%	-0%	0.09%	0.05%	-0.52%	-0.36%	0.33%	-0.54%	2.14%
Property Operating Expenses	67.81M	67M	68.63M	74.15M	64.31M	29.83M	18.76M	31.79M	19.05M	43.01M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	8.06M	12.16M	11.4M	11.27M	17.71M	21.16M	-74.19M	13.47M	15.17M	13.33M
G&A Expenses	8.06M	12.16M	11.4M	11.27M	12.38M	13.58M	24.51M	17.57M	15.17M	14.95M
EBITDA+	34.48M	80.12M	102.97M	34.21M	21.17M	7.01M	93.62M	-4.18M	-12.69M	3.41M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	8.74M	78.95M	79.73M	32.04M	11.01M	13.67M	9.96M	3.59M	4.26M	5.56M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	25.73M	1.18M	23.24M	2.17M	10.16M	-6.66M	83.66M	-7.76M	-16.95M	-2.15M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	4.07M	9.41M	6.74M	7.86M	12.48M	6.7M	3.19M	15K	0	0
Interest Coverage	6.33x	0.13x	3.45x	0.28x	0.81x	-0.99x	26.20x	-517.53x	-	-
Non-Operating Income	1.71M	547K	-1.29M	-1.39M	5.68M	0	104.14M	-1.1M	0	1.63M
Pretax Income+	19.95M	-8.78M	17.79M	-4.29M	-2.35M	-13.17M	82.03M	-6.69M	-14.97M	-1.47M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	5.58M	-2.78M	13.9M	-305K	117K	4.84M	12.58M	389K	1.52M	442K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	12.18M	-6M	3.88M	-3.98M	-2.46M	-22.79M	57.39M	90.43M	-14.81M	1.96M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.09%	-1.49%	1.65%	-2.03%	0.38%	-8.25%	3.52%	0.58%	-1.16%	1.13%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.07%	2.49%	0.15%	-0.66%	-0.7%	-2.07%	8.39%	0.4%	-1.11%	1.71%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	1.51	-0.74	0.47	-0.49	-0.34	-2.98	7.65	-0.86	-1.85	0.24
EPS Growth %	-0.09%	-1.49%	1.64%	-2.04%	0.31%	-7.76%	3.57%	-1.11%	-1.15%	1.13%
EPS (Basic)	1.51	-0.74	0.48	-0.49	-0.34	-2.98	7.72	-0.86	-1.85	0.24
Diluted Shares Outstanding	8.09M	8.09M	8.17M	8.15M	8.18M	8.21M	8.31M	8.23M	8M	8.19M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	432.63M	452.18M	405.99M	496.49M	561.37M	544.02M	541.23M	445.14M	517.77M	532.61M
Asset Growth %	0.07%	0.05%	-0.1%	0.22%	0.13%	-0.03%	-0.01%	-0.18%	0.16%	0.03%
Real Estate & Other Assets+	16.39M	257.7M	-609K	311.67M	446.89M	262.23M	329.38M	386.99M	158.51M	490M
PP&E (Net)	162.57M	130.53M	133.29M	117.68M	11.38M	10.8M	10.49M	10.63M	11.17M	10.09M
Investment Securities	1000K	-1000K	1000K	-1000K	0	0	0	0	0	0
Total Current Assets+	51.71M	46.73M	62M	55.31M	90.78M	270.95M	195.35M	47.48M	39.81M	32.37M
Cash & Equivalents	17.04M	13.6M	14.61M	19M	19.17M	9.31M	24.23M	37.67M	31.4M	20.18M
Receivables	0	0	0	0	0	0	0	0	0	0
Other Current Assets	8.73M	11.89M	24.78M	170.28M	56.74M	257.44M	169.35M	8.04M	1.03M	976K
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Total Liabilities	295.95M	321.15M	278.6M	349.84M	427.29M	434.25M	332.61M	173.07M	223.16M	235.04M
Total Debt+	263.11M	291.1M	221.47M	295.53M	356.53M	150.89M	120.63M	137.61M	191.03M	210.29M
Net Debt	246.08M	277.5M	206.86M	276.53M	337.36M	141.59M	96.41M	99.95M	159.64M	190.11M
Long-Term Debt	209.97M	241.93M	190.46M	98.73M	295.89M	93.29M	105.04M	117.4M	159.49M	167.71M
Short-Term Borrowings	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	12.64M	13.2M	13.99M	14.85M	15.87M	15.44M
Total Current Liabilities+	77.69M	70.3M	78.57M	41.79M	105.27M	318.17M	195.69M	31.18M	40.69M	46.3M
Accounts Payable	14.18M	6.73M	22.81M	18.42M	16.05M	7.46M	14.12M	15.24M	15.63M	10.06M
Deferred Revenue	0	0	11.32M	9.27M	7.65M	6.17M	4.8M	3.52M	0	1.81M
Other Liabilities	58.93M	72.48M	54.02M	8.07M	5.84M	3.43M	17.89M	9.64M	7.12M	5.59M
Total Equity+	136.67M	131.03M	127.39M	146.65M	134.08M	109.76M	208.61M	272.07M	294.61M	297.57M
Equity Growth %	-0.22%	-0.04%	-0.03%	0.15%	-0.09%	-0.18%	0.9%	0.3%	0.08%	0.01%
Shareholders Equity	136.6M	130.95M	127.31M	123.99M	121.1M	98.91M	158.14M	207.25M	191.48M	194.71M
Minority Interest	75K	75K	80K	22.66M	12.98M	10.85M	50.48M	64.83M	103.13M	102.86M
Common Stock	91K	92K	93K	93K	93K	94K	94K	94K	96K	97K
Additional Paid-in Capital	192.12M	192.76M	185.4M	186.26M	186.08M	186.78M	188.76M	195.77M	197.74M	200.97M
Retained Earnings	-35.14M	-41.14M	-37.12M	-41.1M	-43.57M	-66.36M	-8.96M	41.45M	26.64M	28.6M
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	0.03%	-0.01%	0.01%	-0.01%	-0%	-0.04%	0.11%	0.18%	-0.03%	0%
Return on Equity (ROE)	0.08%	-0.04%	0.03%	-0.03%	-0.02%	-0.19%	0.36%	0.38%	-0.05%	0.01%
Debt / Assets	0.61%	0.64%	0.55%	0.6%	0.64%	0.28%	0.22%	0.31%	0.37%	0.39%
Debt / Equity	1.93x	2.22x	1.74x	2.02x	2.66x	1.37x	0.58x	0.51x	0.65x	0.71x
Net Debt / EBITDA	7.14x	3.46x	2.01x	8.08x	15.94x	20.18x	1.03x	-	-	55.78x
Book Value per Share	16.89	16.20	15.59	17.99	16.39	13.37	25.09	33.07	36.84	36.34

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.79M	-3.72M	10.25M	-31.89M	-2.36M	-4.06M	-53.61M	-55.26M	-51.25M	-5.84M
Operating CF Growth %	0.92%	-1.08%	3.76%	-4.11%	0.93%	-0.72%	-12.21%	-0.03%	0.07%	0.89%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	17.59M	-6M	3.88M	-3.99M	-2.47M	-24.48M	63.25M	89.74M	-16.49M	-1.91M
Depreciation & Amortization	8.74M	8.08M	7.85M	8.57M	11.01M	13.67M	9.96M	3.59M	4.26M	5.56M
Stock-Based Compensation	528K	719K	800K	800K	0	0	0	1.72M	1.94M	1.72M
Other Non-Cash Items	-36.39M	3.19M	-20M	-33.46M	-6.58M	2.02M	-152.07M	-131.53M	-41.67M	-6.65M
Working Capital Changes	5.62M	-8.78M	11.04M	-4.5M	-4M	-7.54M	31.21M	-24.75M	844K	-4.58M
Cash from Investing+	-12.59M	-28.25M	70.58M	-64.02M	-63.88M	-7.82M	188.94M	50M	-46.95M	-21.54M
Acquisitions (Net)	-678K	-32K	117.26M	26K	-10.35M	6K	0	105.81M	0	0
Purchase of Investments	-678K	-32K	0	0	0	0	0	0	0	0
Sale of Investments	1000K	0	0	26K	0	0	0	0	0	0
Other Investing	43.27M	-32K	104.66M	-2.11M	-51.73M	-6.19M	208.5M	-997K	-992K	7.6M
Cash from Financing+	1.77M	28.53M	-79.82M	95.44M	65.92M	7.47M	-99.37M	-19.17M	84.93M	16.1M
Dividends Paid	0	0	-8.13M	-32K	-31K	-10K	0	-38.69M	-678K	-376K
Common Dividends	0	0	-8.13M	-32K	-31K	-10K	0	-38.69M	-678K	-376K
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K
Share Repurchases	0	0	0	0	0	0	0	-7.87M	-2.14M	-1.59M
Other Financing	-64.87M	-1.71M	-235K	20.71M	-1.69M	-954K	31.99M	13.06M	36.32M	2.35M
Net Change in Cash+	-12.61M	-3.44M	1.01M	-471K	-327K	-4.41M	35.96M	-24.43M	-13.28M	-11.28M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	29.64M	17.04M	13.6M	39.39M	38.92M	38.59M	34.18M	70.14M	45.71M	32.43M
Cash at End	17.04M	13.6M	14.61M	38.92M	38.59M	34.18M	70.14M	45.71M	32.43M	21.15M
Free Cash Flow+	-56.97M	-31.93M	-23.83M	-93.82M	-64.91M	-10.25M	-73.17M	-110.07M	-97.22M	-34.98M
FCF Growth %	-1.01%	0.44%	0.25%	-2.94%	0.31%	0.84%	-6.14%	-0.5%	0.12%	0.64%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	2.59	9.02	10.23	3.44	1.04	-1.11	8.1	11.43	-1.32	0.92
FFO Payout Ratio	0%	0%	9.73%	0.11%	0.36%	-0.11%	0%	41.16%	-6.43%	5%
NOI Margin	16.15%	16.61%	14.58%	15.35%	30.23%	32.72%	33.55%	15.23%	-10.3%	20.62%
Net Debt / EBITDA	7.14x	3.46x	2.01x	8.08x	15.94x	20.18x	1.03x	-	-	55.78x
Debt / Assets	60.82%	64.38%	54.55%	59.52%	63.51%	27.74%	22.29%	30.91%	36.9%	39.48%
Interest Coverage	6.33x	0.13x	3.45x	0.28x	0.81x	-0.99x	26.20x	-517.53x	-	-
Book Value / Share	16.89	16.2	15.59	17.99	16.39	13.37	25.09	33.07	36.84	36.34
Revenue Growth	-14.07%	-0.66%	-0%	9.04%	5.23%	-51.91%	-36.31%	32.8%	-53.94%	213.74%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Real Estate	-	-	-	-	-	-	-	24.74M	2.55M	34.89M
Real Estate Growth	-	-	-	-	-	-	-	-	-89.69%	1267.58%
Real Estate Operations	14.28M	10.72M	11M	16.8M	13.79M	17K	17K	-	-	-
Real Estate Operations Growth	-	-24.92%	2.63%	52.71%	-17.95%	-99.88%	0.00%	-	-	-
Leasing Operations	-	-	7.98M	10.39M	16.22M	891K	-	-	-	-
Leasing Operations Growth	-	-	-	30.17%	56.11%	-94.51%	-	-	-	-
Hotel	-	-	-	37.91M	-	102K	-	-	-	-
Hotel Growth	-	-	-	-	-	-	-	-	-	-
Entertainment	-	-	-	22.51M	-	14K	-	-	-	-
Entertainment Growth	-	-	-	-	-	-	-	-	-	-
Eliminations and Other	-	-	-1.57M	-1.46M	-	-	-	-	-	-
Eliminations and Other Growth	-	-	-	6.99%	-	-	-	-	-	-
Hotel	41.35M	40.42M	38.36M	-	-	-	-	-	-	-
Hotel Growth	-	-2.24%	-5.09%	-	-	-	-	-	-	-
Entertainment Venue	19.61M	19.52M	23M	-	-	-	-	-	-	-
Entertainment Venue Growth	-	-0.43%	17.81%	-	-	-	-	-	-	-
Commercial Leasing	5.64M	9.68M	-	-	-	-	-	-	-	-
Commercial Leasing Growth	-	71.64%	-	-	-	-	-	-	-	-
Intersegment Eliminations	-	-	-	-	-	-	-	-	-	-
Intersegment Eliminations Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Stratus Properties Inc. (STRS) has a price-to-earnings (P/E) ratio of 113.5x. This suggests investors expect higher future growth.

Growth & Financials

Stratus Properties Inc. (STRS) reported $31.9M in revenue for fiscal year 2024. This represents a 77% decrease from $137.0M in 2011.

Stratus Properties Inc. (STRS) grew revenue by 213.7% over the past year. This is strong growth.

Stratus Properties Inc. (STRS) reported a net loss of $8.1M for fiscal year 2024.

Dividend & Returns

Yes, Stratus Properties Inc. (STRS) pays a dividend with a yield of 0.17%. This makes it attractive for income-focused investors.

Stratus Properties Inc. (STRS) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.

Industry Metrics

Stratus Properties Inc. (STRS) generated Funds From Operations (FFO) of $-1.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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