| Business Summary | | Stratus
Properties,
Inc.
is
engaged
in
the
acquisition,
development,
management
and
sale
of
commercial
and
residential
real
estate
properties.
The
Company
conducts
real
estate
operations
on
properties
it
owns
and
through
unconsolidated
affiliates
that
it
jointly
owns
with
Olympus
Real
Estate
Corporation.
The
Company's
principal
real
estate
holdings
are
currently
in
the
Austin,
Texas
area.
Its
most
significant
acreage
includes
approximately
2,300
acres
of
undeveloped
residential,
multi-family
and
commercial
property
located
in
southwest
Austin
within
the
Barton
Creek
community
and
465
acres
of
undeveloped
residential,
multi-family
and
commercial
property
known
as
the
Lantana
project,
located
south
of
and
adjacent
to
the
Barton
Creek
community. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Stratus
Properties,
Inc.
operates
and
develops
domestic
oil
and
gas
properties
and
domestic
real
estate
held
for
development.
For
the
six
months
ended
6/30/01,
revenues
rose
91%
to
$9.6
million.
Net
income
fell
86%
to
$1.1
million.
Revenues
reflect
increased
recognition
of
revenues
from
the
sale
of
real
estate.
Earnings
suffered
from
the
absence
of
a
$7.4
million
settlement
agreement
for
the
reimbursement
of
certain
infrastructure
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Armstrong, III, 36 Chairman,
Pres, CEO | $525K | Kenneth Jones, 41 Gen.
Counsel, Sec. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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