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Stratus Properties STRS Real Estate Operations — Lease expense

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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:LeaseExpense.

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 real estate operations — lease expense?
Stratus Properties (STRS) reported real estate operations — lease expense of $285K in Q1 2026.
How has Stratus Properties's real estate operations — lease expense changed year-over-year?
Stratus Properties's real estate operations — lease expense decreased by 0.0% year-over-year, from $285K to $285K.
What is the long-term trend for Stratus Properties's real estate operations — lease expense?
Over 2 years (2023 to 2025), Stratus Properties's real estate operations — lease expense has grown at a 0.0% compound annual growth rate (CAGR), from $1.14M to $1.14M.
What does real estate operations — lease expense mean?
Reflects the contractual costs incurred for leasing land or facilities necessary for real estate development and operational activities. This metric captures the financial obligation of the segment to third-party lessors. It is a key indicator of the company's reliance on leased assets versus owned property in its development pipeline.