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  September 5, 2001
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Home > Company Index > Real Estate > Real Estate Development > Stratus Properties Inc.

Stratus Properties Inc.
Nasdaq: STRS
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 PROFILE
Environmentalists are the cloud in Stratus' lining. Stratus Properties (the company changed its name from FM Properties to escape its former affiliation with the environmentally vilified Freeport-McMoran) owns and develops real estate in Texas, about 95% (over 4,000 acres) in the Austin area. The company also owns property in Dallas, Houston, and San Antonio. Stratus' upscale developments have put it at odds with Austin environmentalists over watershed protection, resulting in restrictions on some of its land. The company codevelops some properties with Olympus Real Estate, an affiliate of buyout firm Hicks, Muse, Tate & Furst. Investment firm Ingalls & Snyder owns nearly 20% of Stratus.

 COMPETITION
American Realty Investors, Inc. (ARL)
Del Webb Corporation (dossier)
Trammell Crow Residential (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 10.10
1-Yr. Sales Growth: (31.3)%
Employees: 22
Revenue per employee: $459,090.91

 KEY PEOPLE
• William H. Armstrong
    CEO
• C. Donald Whitmire
    CFO

 CONTACT INFO
98 San Jacinto Blvd., Ste. 220
Austin, TX 78701
US
Phone: 512-478-5788
Fax: 512-478-6340
Online: Web Site

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