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    Chris Mooney

    Research Analyst at Wedbush Securities

    Chris Mooney is an Analyst at Wedbush Securities, specializing in media and publishing sector research with a focus on companies such as DallasNews Corporation. He is a regular participant on earnings calls for firms in this sector, providing detailed financial analysis and industry insights. With over nine years at Wedbush Securities, Mooney is recognized for his deep sector knowledge, though specific performance metrics and rankings such as success rates or TipRanks standings are not publicly available. His professional background and credentials are primarily tied to his long-term tenure with Wedbush, with no publicly documented prior positions or securities licenses specified.

    Chris Mooney's questions to STRATUS PROPERTIES (STRS) leadership

    Chris Mooney's questions to STRATUS PROPERTIES (STRS) leadership • Q2 2022

    Question

    Chris Mooney of Wedbush Securities inquired about the timing of the $50 million capital return, the company's remaining cash position, details on project-level debt, the status of HEB retail center sales, and operational updates for projects including The Saint June, Lantana Place, Circle C, Lakeway, and the large-scale Section N development.

    Answer

    Chairman, President and CEO Beau Armstrong stated the capital return plan would be finalized in weeks, pending bank consent and shareholder discussions. He noted that after the return and a ~$20 million tax liability, the company would have sufficient cash. Armstrong detailed that most debt is project-level, with three HEB centers being marketed for sale, with an update expected after Labor Day. He provided project updates: The Saint June's first units are due by year-end, and Lantana Place is approximately 90% leased. CFO Erin Pickens confirmed Lantana Place is just under 100,000 square feet.

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    Chris Mooney's questions to STRATUS PROPERTIES (STRS) leadership • Q1 2022

    Question

    Chris Mooney of Wedbush Securities inquired about the revised development strategy for the Section N property, potential corporate interest, and its financing structure. He also asked about the debt on three specific retail properties and the demolition status of The Annie B and The Saint George projects.

    Answer

    Chairman, President and CEO Beau Armstrong detailed that the new plan for Section N leverages ordinance changes for increased density with taller, structured buildings, reflecting Austin's market growth. He confirmed Stratus anticipates significant corporate interest and will likely seek a partner for the large-scale project, which is currently wholly-owned. Armstrong also confirmed demolition has begun on The Annie B, with The Saint George permit pending.

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    Chris Mooney's questions to STRATUS PROPERTIES (STRS) leadership • Q4 2021

    Question

    Chris Mooney of Wedbush Securities inquired about the specifics of the Block 21 transaction, including a $5 million set-aside and a large escrow amount. He also requested updates on development activities in Lakeway and Circle C and asked about the potential monetization of three stabilized retail centers.

    Answer

    Chairman, President and CEO Beau Armstrong clarified that the $5 million set-aside for Block 21 relates to tenant movements and the escrow is actually $6.9 million, a customary 12-month holdback for reps and warranties. He detailed ongoing discussions for a potential multifamily rezoning in Lakeway and a mixed-use rezoning in Circle C. Regarding the retail centers, Armstrong confirmed the strategy is to build, stabilize, and sell, with a potential transaction this year or early next, noting the properties' strong performance during COVID.

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