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Stratus Properties Inc

Stratus Properties Inc

STRS
$20.72USD↑+0.24%+0.05 today

MARKET CAP

165.4M

P/E (TTM)

7.8x

FWD P/E

—

DAY RANGE

$20 – $21

52W RANGE

$15
$33

AI Summary

Stalk
TrimMedium

STRS remains entrenched in a Stage 4 decline with medium-term bearish permission. Price is extreme oversold and recently bounced at the 200 DMA but remains below the 9/21/50 EMAs. Overhead EMAs and the 50 DMA act as resistance, so immediate selling risks poor entry. The recommended approach is to trim into relief rallies up to the declining short EMAs or the 50 DMA. This stance is invalidated by sustained acceptance above those EMAs and the 50 DMA.

  • ↑Declared $4.67/share special dividend ($40M) showing strong cash returns
  • ↑Q2 revenue jumped to $11.1M (+98% YoY) via opportunistic land sales
  • ↓Q2 revenue plunged to $3.1M from $11.4M, highlighting volatile sales
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Stratus Properties, Inc. (NASDAQ: STRS) is a Texas-based real estate development company engaged in the acquisition, development, and management of residential, commercial, and mixed-use properties. Stratus primarily operates within the highly attractive Texas markets, particularly Austin, capitalizing on growth dynamics and strong demand driven by an influx of new residents and businesses in the area. The company is also contemplating a potential REIT conversion as it explores strategic sales and capital allocation opportunities.

Bull says

  • ↑Declared $4.67/share special dividend ($40M) showing strong cash returns
  • ↑Q2 revenue jumped to $11.1M (+98% YoY) via opportunistic land sales
  • ↑Equity surged 165% to $262.4M, strengthening balance sheet
  • ↑Ongoing St. June and St. George projects tap high Austin housing demand
  • ↑Austin’s population influx underpins sustained property value growth
  • ↑Strong momentum factors and proactive capital management drive upside

Bear says

  • ↓Q2 revenue plunged to $3.1M from $11.4M, highlighting volatile sales
  • ↓Negative profitability factors persist, deterring investor interest
  • ↓Consolidated debt rose to $124.2M with ~$20M tax liability, elevating leverage risk
  • ↓Block 21 sale is critical; any delay or regulatory hurdle imperils liquidity
  • ↓Construction cost inflation and supply‐chain disruptions may squeeze margins
  • ↓High short interest and bearish sentiment signal market skepticism

Earnings Call · Q3 2021 · Mgmt. Guidance

Updated 07-04-2026bullish

Transcript signals

Bull points

  • Stratus consolidated revenues increased to $15.5 million in the third quarter of 2021 compared to $12.8 million in the third quarter of 2020, primarily due to the recovery in revenues from our hotel and entertainment segments.
  • EBITDA totaled $2 million in the third quarter of 2021, which was an increase compared to the third quarter of last year when EBITDA was $0.6 million below breakeven.
  • Stratus hotel revenues grew to $5.2 million in the third quarter of 2021, a significant increase from $1.6 million in the third quarter of last year when the hotel experienced greater impacts from the pandemic.

Bear points

  • Net loss attributable to common stockholders totals $3.8 million, or 46 cents per share, in the third quarter of 2021, compared to a net loss of $15.1 million, or $1.84 per share, in the third quarter of last year, primarily due to the previous year's results including a $9.6 million non-cash tax charge.
  • Revenue from our real estate operations segment in the third quarter of 2021 totaled $1 million, compared with $5 million in the third quarter of 2020.
  • The decrease in revenue and the operating loss primarily reflect a decrease in the number of lots sold during the third quarter of 2021 as available inventory decreased.
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