stratus properties is a real estate development company known for the quality of the residential and commercial communities that it builds. our communities are known for their careful planning, attention to detail and respect for the environment. we strive to create settings that make living, playing and working more enjoyable.
![Stratus Properties logo](https://files.capedge.com/10-K/0000885508-23-000017/strs-20221231_g1.jpg)
Company profile
Ticker
STRS
Exchange
Website
CEO
William Armstrong
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FM PROPERTIES INC
SEC CIK
Corporate docs
Subsidiaries
Santal, L.L.C. • Stratus Block 21, L.L.C. • Stratus Block 21 Member, L.L.C. • Stratus Investments LLC • Stratus Properties Operating Co., L.P. • Circle C Land, L.P. • College Station 1892 Properties, L.L.C. • Holden Hills, L.P. • Killeen FM 440, L.L.C. • Lantana Place, L.L.C. ...
IRS number
721211572
STRS stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
8 Apr 24
DEF 14A
Definitive proxy
8 Apr 24
10-K
2023 FY
Annual report
28 Mar 24
8-K
Results of Operations and Financial Condition
28 Mar 24
8-K
Other Events
4 Mar 24
8-K
Stratus Properties Inc. Completes Sale of Approximately 47 Acres
27 Feb 24
8-K
Other Events
21 Feb 24
8-K
Other Events
19 Jan 24
10-Q
2023 Q3
Quarterly report
14 Nov 23
8-K
Reports Third-quarter 2023 Results
14 Nov 23
Transcripts
STRS
Earnings call transcript
2022 Q3
14 Nov 22
STRS
Earnings call transcript
2022 Q2
16 Aug 22
STRS
Earnings call transcript
2022 Q1
16 May 22
STRS
Earnings call transcript
2021 Q4
31 Mar 22
STRS
Earnings call transcript
2021 Q3
15 Nov 21
STRS
Earnings call transcript
2021 Q2
16 Aug 21
STRS
Earnings call transcript
2021 Q1
11 May 21
STRS
Earnings call transcript
2020 Q4
15 Mar 21
STRS
Earnings call transcript
2020 Q3
9 Nov 20
STRS
Earnings call transcript
2020 Q2
10 Aug 20
Latest ownership filings
4
Laurie L. Dotter
3 Apr 24
SC 13G/A
INGALLS & SNYDER LLC
27 Mar 24
4
WILLIAM H ARMSTRONG III
18 Mar 24
4
ERIN D PICKENS
18 Mar 24
4
ERIN D PICKENS
12 Mar 24
4
WILLIAM H ARMSTRONG III
12 Mar 24
4
ERIN D PICKENS
20 Feb 24
4
WILLIAM H ARMSTRONG III
20 Feb 24
SC 13D/A
Oasis Management Co Ltd.
20 Feb 24
SC 13G/A
ARMSTRONG WILLIAM H III
14 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 36.39 mm | 36.39 mm | 36.39 mm | 36.39 mm | 36.39 mm | 36.39 mm |
Cash burn (monthly) | 2.92 mm | 3.41 mm | 1.11 mm | 1.77 mm | 4.18 mm | 3.77 mm |
Cash used (since last report) | 20.11 mm | 23.51 mm | 7.65 mm | 12.19 mm | 28.83 mm | 25.99 mm |
Cash remaining | 16.28 mm | 12.88 mm | 28.74 mm | 24.20 mm | 7.56 mm | 10.40 mm |
Runway (months of cash) | 5.6 | 3.8 | 25.9 | 13.7 | 1.8 | 2.8 |
Institutional ownership, Q2 2023
52.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 43 |
Opened positions | 5 |
Closed positions | 4 |
Increased positions | 15 |
Reduced positions | 14 |
13F shares | Current |
---|---|
Total value | 78.41 bn |
Total shares | 4.19 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Oasis Management | 1.18 mm | $31.09 bn |
Ingalls & Snyder | 1.04 mm | $27.34 mm |
Dimensional Fund Advisors | 416.90 k | $10.94 bn |
Vanguard | 404.38 k | $10.61 bn |
BLK Blackrock | 315.13 k | $8.27 bn |
Hodges Capital Management | 146.28 k | $4.89 mm |
RBF Capital | 133.13 k | $3.49 bn |
Geode Capital Management | 120.97 k | $3.18 bn |
STT State Street | 81.47 k | $2.14 bn |
Chilton Capital Management | 75.12 k | $1.97 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Laurie L. Dotter | Common Stock | Buy | Acquire P | No | No | 22.83 | 265 | 6.05 k | 10,746 |
15 Mar 24 | Pickens Erin D | Common Stock | Payment of exercise | Dispose F | No | No | 22.52 | 610 | 13.74 k | 61,739 |
15 Mar 24 | Armstrong William H Iii | Common Stock | Payment of exercise | Dispose F | No | No | 22.52 | 5,289 | 119.11 k | 650,814 |
11 Mar 24 | Pickens Erin D | Common Stock | Payment of exercise | Dispose F | No | No | 22.45 | 366 | 8.22 k | 62,349 |
11 Mar 24 | Armstrong William H Iii | Common Stock | Payment of exercise | Dispose F | No | No | 22.45 | 2,277 | 51.12 k | 656,103 |
News
Stratus Properties Q4 EPS $(0.16) Up From $(0.51) YoY, Sales $4.27M Down From $13.30M YoY
28 Mar 24
Stratus Properties Inc. Responds To Unsolicited, Non-Binding Acquisition Proposal From NXSTEP Opportunity Partners To Acquire Stratus For $27.18 Per Share In Cash; Says Board Of Directors 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
21 Feb 24