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X @Forbes
Forbes· 2025-08-27 13:41
Here’s Why Old Homes Suddenly Cost More Than New Ones https://t.co/GCOpG3pRr4 https://t.co/to3lthaK52 ...
X @Joe Consorti ⚡️
Joe Consorti ⚡️· 2025-08-18 16:44
Homes didn’t get expensive. Dollars got worthless.In gold terms, homes are 25% cheaper since 1950. In BTC terms, they're 99.7% cheaper over the last decade.Fix the money, fix the American dream.[B2YB @JoinHorizon_] https://t.co/JpscvzShUx ...
Discover Puerto Rico's Unique Property Tax Secrets!
Digital Asset News· 2025-08-13 23:04
Did you know in Puerto Rico that they value your house, condo, property at the levels of 1957. There's some weird law that they use and they have they appraise your properties from the 1957. So like even though the the tax is like 0.8% 0.82% or something like that, when you get your your taxes, we're going to our properties.I was like, why is this so low. It's like 0.3% like oh it's because of this goofy thing that they do which is fine with. ...
Zacks Initiates Coverage of Stratus With Neutral Recommendation
ZACKS· 2025-07-22 14:50
Core Viewpoint - Zacks Investment Research has initiated coverage of Stratus Properties Inc. with a Neutral recommendation, highlighting a combination of development potential and operational challenges [1] Group 1: Company Overview - Stratus Properties Inc. is a Texas-based real estate development and leasing company, positioned to unlock value through disciplined capital recycling and a substantial land bank in high-growth markets [2] - The company has recently refinanced major properties, resulting in over $12 million in cash and expanded credit capacity, as it shifts focus to new developments in Austin and surrounding areas [2] Group 2: Valuation and Asset Management - Asset sales have validated Stratus's valuation strategy, with the sale of West Killeen Market generating $7.8 million in net proceeds, exceeding the company's NAV estimate [3] - Management's ability to extract value and redeploy capital is further demonstrated through transactions involving Magnolia Place and Amarra Villas [3] Group 3: Development Pipeline - Stratus controls over 1,500 acres of entitled land, with projects like Holden Hills and The Saint George addressing housing demand in Austin [4] - Recent regulatory changes in Texas have eased permitting constraints, enhancing long-term development potential [4] Group 4: Financial Performance and Challenges - Revenues fell sharply in Q1 2025 to $5 million from $26.5 million a year earlier, leading to a $2.9 million quarterly net loss due to no property sales during the period [5] - The company faces high leverage with $210 million in floating-rate debt, exposing it to interest rate volatility and liquidity pressures, as indicated by negative operating cash flow in Q1 2025 [6] Group 5: Market Position and Investor Sentiment - Stratus's stock performance has lagged behind peers, trading at a discount to its underlying asset value, but with elevated valuation multiples relative to the broader sector [7] - The market appears to be pricing in execution risks and limited earnings visibility, warranting caution for investors [8]