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Stratus Properties STRS Leasing operations — Property management fees and payroll

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OLease Costs
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NNNLease Cost
$9.8M+4.5%
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MLPLand Leasing And Management — Operating Expenses
$1.78M+174%
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ELSProperty Operations — Payroll
$28.44M+0.6%

Other financials

Income statement

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Revenue$3.8M-24.8%
Gross profit-$1.9M-845%
Operating income$15.4M+528%
Net income$13.5M+460%
EPS (diluted)$0.82+328%

Balance sheet

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Cash & equivalents$74.3M+473%
Total debt$159.7M-28.5%
Total equity$211.7M+10.6%
Total assets$532.5M-0.4%

Cash flow

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Operating cash flow-$15.6M-15.6%
CapEx$42.0K-99.1%
Free cash flow-$15.6M+13.2%

Valuation

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Market cap$229.5M+49.9%
Enterprise value$314.95M+2.5%
P/E11.4×
P/S+3.7×

Profitability

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Gross margin-32.5%-42.5pp
Operating margin103.9%+85.4pp
Net margin70%+54.3pp
FCF margin-124.4%-21.4pp

Returns & leverage

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Return on equity10%+7.5pp
Debt / equity0.8×-0.4×

Where this comes from

Reported directly by Stratus Properties in its filing.

Tagged under the XBRL concept strs:PropertyManagementFeesAndPayroll.

The official record: Stratus Properties’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Stratus Properties's leasing operations — property management fees and payroll?
Stratus Properties (STRS) reported leasing operations — property management fees and payroll of $297K in Q1 2026.
How has Stratus Properties's leasing operations — property management fees and payroll changed year-over-year?
Stratus Properties's leasing operations — property management fees and payroll increased by 4.2% year-over-year, from $285K to $297K.
What is the long-term trend for Stratus Properties's leasing operations — property management fees and payroll?
Over 2 years (2023 to 2025), Stratus Properties's leasing operations — property management fees and payroll has grown at a 36.0% compound annual growth rate (CAGR), from $650K to $1.2M.
What does leasing operations — property management fees and payroll mean?
This includes the costs associated with the personnel and management services required to oversee daily operations of the leasing portfolio. It provides insight into the operational overhead required to manage the company's real estate assets.