<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Stratus
Properties Inc.'s financial statements at June 30, 2000 and for the three and
six months periods then ended, and is qualified in its entirety by reference to
such statements.

<CIK> 0000885508
<NAME> STRATUS PROPERTIES INC.
<MULTIPLIER> 1000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<CASH>                                           4,458
<SECURITIES>                                         0
<RECEIVABLES>                                       44
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 6,118
<PP&E>                                          90,623
<DEPRECIATION>                                     252
<TOTAL-ASSETS>                                 111,890
<CURRENT-LIABILITIES>                            1,689
<BONDS>                                         16,709
<PREFERRED-MANDATORY>                           10,000
<PREFERRED>                                          0
<COMMON>                                           143
<OTHER-SE>                                      74,568
<TOTAL-LIABILITY-AND-EQUITY>                   111,890
<SALES>                                          4,969
<TOTAL-REVENUES>                                 4,969
<CGS>                                            3,337
<TOTAL-COSTS>                                    3,337
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 387
<INCOME-PRETAX>                                  7,893
<INCOME-TAX>                                        40
<INCOME-CONTINUING>                              7,853
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     7,853
<EPS-BASIC>                                       0.55
<EPS-DILUTED>                                     0.48