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STRS – Stratus Properties Inc

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Stratus Properties Inc. is a diversified real estate company. The Company is engaged primarily in the acquisition, entitlement, development, management and sale of commercial, multi-family and single-family residential real estate properties, and real estate leasing in the Austin, Texas area and other select markets in Texas. The Company operates through two segments: Real Estate Operations and Leasing Operations. Its Real Estate Operations segment is engaged in acquisition, entitlement, development and sale of real estate. The segment is focused on multi-family and single-family residential properties and retail and mixed-use properties. Leasing Operations segment is primarily involved in the lease of space at retail and mixed-use properties, which it developed and the lease of residences in multi-family projects that it developed. It is engaged third-party leasing and property management companies to manage its leased operations.

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