The company has significantly improved its financial health by reducing total debt from a peak of $223.3 million in 2025Q1 to $159.7 million as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Assets | 532.49M | 563.43M | 532.61M | 517.77M | 445.14M | 541.23M | 544.02M | 561.37M | 496.49M | 405.99M | 452.18M | 432.63M | 402.69M | 346.94M | 379.13M | 421.61M | 455.19M | 328.59M | 252.55M | 228.36M | 203.95M | 173.89M | 152.86M | 142.43M | 139.44M | 129.48M | 111.89M | 115.7M | 111.8M | 112.8M | 130.2M |
| Asset Growth % | 26.66% | 5.79% | 2.87% | 16.32% | -17.75% | -0.51% | -3.09% | 13.07% | 22.29% | -10.21% | 4.52% | 7.44% | 16.07% | -8.49% | -10.08% | -7.38% | 38.53% | 30.11% | 10.59% | 11.97% | 17.29% | 13.75% | 7.32% | 2.14% | 7.69% | 15.72% | -3.29% | 3.49% | -0.89% | -13.36% | -33.16% |
| Real Estate & Other Assets | 13.12M | 432.78M | 490M | 158.51M | 386.99M | 329.38M | 262.23M | 446.89M | 311.67M | -609K | 257.7M | 16.39M | 17.27M | 94.06M | 14.54M | 109.55M | 297.15M | 17.64M | 10.04M | 7.03M | 9.2M | 5.89M | 4.93M | 24.26M | 4.68M | 14.92M | 10.08M | 18.4M | 8.7M | 4.6M | 6M |
| PP&E (Net) | 10.07M | 10.24M | 10.09M | 11.17M | 10.63M | 10.49M | 10.8M | 11.38M | 117.68M | 133.29M | 130.53M | 162.57M | 323.35M | 203.93M | 270.5M | 301.11M | 143.05M | 101.86M | 200.4M | 170.7M | 179.91M | 152.97M | 147.12M | 113.73M | 132.34M | 110.04M | 93M | 91.7M | 96.6M | 105.3M | 118M |
| Investment Securities | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 1000K | -1000K | 1000K | 795K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 191K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 74.3M | 120.2M | 32.37M | 39.81M | 47.48M | 195.35M | 270.95M | 90.78M | 55.31M | 62M | 46.73M | 51.71M | 49.51M | 44.52M | 90.69M | 7.7M | 11.73M | 23.69M | 17.1M | 45.09M | 7.73M | 15.02M | 811K | 4.43M | 2.22M | 4.52M | 8.81M | 5.6M | 6.5M | 2.9M | 6.2M |
| Cash & Equivalents | 74.3M | 74.29M | 20.18M | 31.4M | 37.67M | 24.23M | 9.31M | 19.17M | 19M | 14.61M | 13.6M | 17.04M | 29.64M | 21.31M | 12.78M | 7.7M | 11.73M | 15.4M | 17.1M | 40.98M | 1.96M | 1.9M | 379K | 3.41M | 1.36M | 3.71M | 8M | 4M | 5.2M | 900K | 2.1M |
| Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 934K | 42K | 345K | 828K | 714K | 740K | 596K | 1000K | 900K | 1000K | 1000K |
| Other Current Assets | 0 | 37.44M | 976K | 1.03M | 8.04M | 169.35M | 257.44M | 56.74M | 170.28M | 24.78M | 11.89M | 8.73M | 7.62M | 5.08M | 17.66M | 0 | 0 | 0 | 0 | 79K | 6.8M | 13.08M | 0 | 0 | 0 | 0 | 218K | 300K | 400K | 400K | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 182.06M | 216.35M | 235.04M | 223.16M | 173.07M | 332.61M | 434.25M | 427.29M | 349.84M | 278.6M | 321.15M | 295.95M | 227.6M | 177.63M | 170.23M | 203.92M | 242.39M | 110.68M | 78.02M | 75.96M | 70M | 79.72M | 64.67M | 55.61M | 52.82M | 44.82M | 20.81M | 38.9M | 37.8M | 46.2M | 74M |
| Total Debt | 159.75M | 158.99M | 210.29M | 191.03M | 137.61M | 120.63M | 150.89M | 356.53M | 295.53M | 221.47M | 291.1M | 263.11M | 196.48M | 151.33M | 137.03M | 158.45M | 201.52M | 81.11M | 63.35M | 61.5M | 50.67M | 50.3M | 55.65M | 47.54M | 44.8M | 25.58M | 8.44M | 16.6M | 29.2M | 37.1M | 58.3M |
| Net Debt | 85.45M | 84.7M | 190.11M | 159.64M | 99.95M | 96.41M | 141.59M | 337.36M | 276.53M | 206.86M | 277.5M | 246.08M | 166.83M | 130.03M | 124.25M | 150.76M | 189.79M | 65.71M | 46.26M | 20.52M | 48.72M | 48.4M | 55.27M | 44.13M | 43.44M | 21.87M | 444K | 12.6M | 24M | 36.2M | 56.2M |
| Long-Term Debt | 68.19M | 142.96M | 167.71M | 159.49M | 117.4M | 105.04M | 93.29M | 295.89M | 98.73M | 190.46M | 241.93M | 209.97M | 156.05M | 151.33M | 137.03M | 104.95M | 201.52M | 68.62M | 63.35M | 61.26M | 50.36M | 50.13M | 54.12M | 47.1M | 42.48M | 25.58M | 8.44M | 16.6M | 29.2M | 37.1M | 58.3M |
| Short-Term Borrowings | 75.57M | 0 | 27.14M | 15.68M | 5.37M | 1.6M | 44.41M | 48M | 0 | 25.77M | 46.55M | 53.15M | 0 | 0 | 26.61M | 53.5M | 0 | 0 | 0 | 242K | 311K | 169K | 1.53M | 434K | 2.32M | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 62.53M | 16.03M | 15.44M | 15.87M | 14.85M | 13.99M | 13.2M | 12.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 75.57M | 52.93M | 46.3M | 40.69M | 31.18M | 195.69M | 318.17M | 105.27M | 41.79M | 78.57M | 70.3M | 77.69M | 40.83M | 14.5M | 49.06M | 18.98M | 27.98M | 31.75M | 11.09M | 12.19M | 12.59M | 22.22M | 5.26M | 5.22M | 7.05M | 4.38M | 3.41M | 2.4M | 2.4M | 3M | 10.1M |
| Accounts Payable | 9.89M | 8.59M | 10.06M | 15.63M | 15.24M | 14.12M | 7.46M | 16.05M | 18.42M | 22.81M | 6.73M | 14.18M | 8.08M | 5.14M | 13.85M | 8.76M | 19.33M | 0 | 0 | 6.32M | 5.68M | 6.3M | 1.34M | 1.77M | 1.66M | 2.48M | 1.92M | 900K | 600K | 1.2M | 5.8M |
| Deferred Revenue | 717K | 833K | 1.81M | 0 | 3.52M | 4.8M | 6.17M | 7.65M | 9.27M | 11.32M | 321.15M | 0 | 0 | 0 | 8.68M | 0 | 0 | 0 | 0 | 0 | 0 | 3.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 21.6M | 4.43M | 5.59M | 7.12M | 9.64M | 17.89M | 3.43M | 5.84M | 8.07M | 54.02M | 72.48M | 58.93M | 63.47M | 11.79M | 19.35M | 90.21M | 12.89M | 10.3M | 3.58M | 2.51M | -15.85M | 7.36M | 5.29M | 3.28M | 3.29M | 14.87M | 8.97M | 19.9M | 6.2M | 6.1M | -56.9M |
| Total Equity | 350.43M | 347.08M | 297.57M | 294.61M | 272.07M | 208.61M | 109.76M | 134.08M | 146.65M | 127.39M | 131.03M | 136.67M | 175.09M | 169.32M | 208.9M | 217.68M | 212.8M | 217.91M | 174.52M | 152.4M | 133.95M | 94.17M | 88.2M | 86.82M | 86.62M | 84.66M | 91.08M | 76.8M | 74M | 66.6M | 56.2M |
| Equity Growth % | 60.77% | 16.64% | 1.01% | 8.28% | 30.42% | 90.06% | -18.14% | -8.57% | 15.12% | -2.77% | -4.13% | -21.94% | 3.41% | -18.95% | -4.04% | 2.29% | -2.35% | 24.86% | 14.52% | 13.78% | 42.24% | 6.77% | 1.58% | 0.23% | 2.32% | -7.05% | 18.59% | 3.78% | 11.11% | 18.51% | -5.55% |
| Shareholders Equity | 211.72M | 204.49M | 194.71M | 191.48M | 207.25M | 158.14M | 98.91M | 121.1M | 123.99M | 127.31M | 130.95M | 136.6M | 136.44M | 123.62M | 121.69M | 118.19M | 128.55M | 143.48M | 149.24M | 152.4M | 133.95M | 94.17M | 88.2M | 86.82M | 86.62M | 84.66M | 91.08M | 76.8M | 74M | 66.6M | 56.2M |
| Minority Interest | 138.71M | 142.59M | 102.86M | 103.13M | 64.83M | 50.48M | 10.85M | 12.98M | 22.66M | 80K | 75K | 75K | 38.64M | 45.7M | 87.21M | 99.49M | 84.25M | 74.44M | 25.29M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 98K | 98K | 97K | 96K | 94K | 94K | 94K | 93K | 93K | 93K | 92K | 91K | 91K | 91K | 90K | 84K | 84K | 83K | 83K | 81K | 81K | 74K | 72K | 72K | 72K | 72K | 143K | 100K | 0 | 0 | 0 |
| Additional Paid-in Capital | 203.72M | 202.26M | 200.97M | 197.74M | 195.77M | 188.76M | 186.78M | 186.08M | 186.26M | 185.4M | 192.76M | 192.12M | 204.27M | 203.72M | 203.3M | 198.18M | 197.77M | 197.33M | 196.69M | 195.9M | 188.87M | 182.01M | 181.15M | 179.79M | 179.47M | 176.66M | 176.47M | 176.45M | 0 | 0 | 0 |
| Retained Earnings | 47.21M | 40.58M | 28.6M | 26.64M | 41.45M | -8.96M | -66.36M | -43.57M | -41.1M | -37.12M | -41.14M | -35.14M | -47.32M | -60.72M | -63.31M | -61.72M | -51.34M | -36M | -30.09M | -29.3M | -42.66M | -82.94M | -91.42M | -92.09M | -92.11M | -91.59M | -95.53M | -109.8M | -112.6M | -110M | -116.8M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 139.44M | 0 | 10M | 10M | 10M | 0 | 0 |
| Return on Assets (ROA) | 3.83% | 2.19% | 0.37% | -3.08% | 18.34% | 10.58% | -4.12% | -0.47% | -0.88% | 0.9% | -1.36% | 2.92% | 3.58% | 0.71% | -0.4% | -2.37% | -3.91% | -2.03% | -1.6% | 6.18% | 21.33% | 5.19% | 0.46% | 0.01% | -0.39% | 3.26% | 12.5% | 2.55% | -2.32% | 5.76% | -0.18% |
| Return on Equity (ROE) | 6.28% | 3.72% | 0.66% | -5.23% | 37.62% | 36.05% | -18.69% | -1.76% | -2.91% | 3% | -4.48% | 7.81% | 7.78% | 1.37% | -0.74% | -4.83% | -7.12% | -3.01% | -2.35% | 9.33% | 35.32% | 9.29% | 0.77% | 0.02% | -0.61% | 4.48% | 16.94% | 3.85% | -3.7% | 11.4% | -0.52% |
| Debt / Assets | 30% | 28.22% | 39.48% | 36.9% | 30.91% | 22.29% | 27.74% | 63.51% | 59.52% | 54.55% | 64.38% | 60.82% | 48.79% | 43.62% | 36.14% | 37.58% | 44.27% | 24.68% | 25.09% | 26.93% | 24.85% | 28.93% | 36.4% | 33.38% | 32.13% | 19.75% | 7.54% | 14.35% | 26.12% | 32.89% | 44.78% |
| Debt / Equity | 0.46x | 0.46x | 0.71x | 0.65x | 0.51x | 0.58x | 1.37x | 2.66x | 2.02x | 1.74x | 2.22x | 1.93x | 1.12x | 0.89x | 0.66x | 0.73x | 0.95x | 0.37x | 0.36x | 0.40x | 0.38x | 0.53x | 0.63x | 0.55x | 0.52x | 0.30x | 0.09x | 0.22x | 0.39x | 0.56x | 1.04x |
| Net Debt / EBITDA | -6.24x | - | 55.78x | - | - | 1.03x | 20.18x | 15.94x | 8.08x | 2.01x | 3.46x | 7.14x | 8.63x | 5.60x | 10.40x | 14.92x | - | - | - | 16.10x | 1.90x | 5.32x | 17.07x | 27.37x | - | 7.47x | - | 3.60x | - | 9.05x | 11.24x |
| Book Value per Share | 43.50 | 42.60 | 36.34 | 36.84 | 33.07 | 25.09 | 13.37 | 16.39 | 17.99 | 15.59 | 16.20 | 16.89 | 21.67 | 20.87 | 26.22 | 29.09 | 28.50 | 29.30 | 22.90 | 19.85 | 17.49 | 12.33 | 11.65 | 11.87 | 11.72 | 10.32 | 10.91 | 9.46 | 10.36 | 9.32 | 7.15 |
Austin market concentration risk
According to recent financial statements, Stratus Properties has successfully reduced its debt-to-equity ratio from 0.76 in 2025Q1 to 0.46 by 2026Q1, reflecting a strategic pivot toward balance sheet deleveraging following the successful monetization of major assets within its Austin-centric development portfolio.
The reduction in leverage suggests management is prioritizing financial flexibility over aggressive expansion during a period of market uncertainty. This deleveraging appears to be a defensive posture, likely intended to insulate the firm from the volatility inherent in its lumpy, project-based revenue model.
Based on reported figures, the company's total debt has declined from a peak of $223.3 million in 2025Q1 to $159.7 million in 2026Q1, indicating a concerted effort to lower interest-bearing obligations as the firm navigates a challenging interest rate environment for luxury real estate development.
The decline in debt levels suggests a lower interest expense burden, which may improve the firm's ability to weather prolonged development cycles. Investors should monitor whether this lower leverage profile is maintained or if it merely precedes a new cycle of debt-funded land acquisition.
As reported in quarterly filings, the company maintains a robust cash position of $74.3 million as of 2026Q1, providing a significant liquidity cushion that represents a substantial increase from the $12.0 million reported just four quarters prior in 2025Q1.
This liquidity surge appears to be the direct result of asset dispositions, providing the firm with the capital necessary to fund ongoing entitlement processes without immediate recourse to dilutive equity markets. This cash-heavy balance sheet may serve as a strategic buffer against potential downturns in the Austin commercial leasing market.
Based on the provided balance sheet data, the company's net property, plant, and equipment (PPE) has fluctuated significantly, dropping from $237.8 million in 2025Q2 to $10.1 million in 2026Q1, which warrants further investigation into the accounting treatment of its legacy land bank assets.
The dramatic volatility in reported PPE suggests that the balance sheet may not fully capture the economic value of the company's entitled land positions, which are often carried at historical cost. This discrepancy implies that the book value of equity may significantly understate the firm's true Net Asset Value, potentially masking the underlying risk of its concentrated Austin land holdings.
Quick answers to the most common questions about buying STRS stock.
As of 2025, Stratus Properties Inc. (STRS) had total assets of $563.4M including $120.2M in current assets.
Stratus Properties Inc. (STRS) carries total debt of $159.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Stratus Properties Inc. (STRS) has total shareholders' equity (book value) of $204.5M ($42.60 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Stratus Properties Inc. (STRS) reported a current ratio of 2.27x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.