Strawberry Fields REIT (NYSE AMERICAN: STRW) reported second-quarter 2026 results highlighted by 100% rent collections, net income of $8.9 million, funds from operations (“FFO”) of $20.1 million, or $0.36 per share, and adjusted funds from operations (“AFFO”) of $18.1 million, or $0.32 per share. Rental income increased to $40.0 million from $37.9 million a year earlier. During the quarter, the company closed a new corporate credit facility providing up to $300 million in borrowing capacity, including a $100 million term loan and a $200 million revolving credit facility, to refinance existing debt and support future acquisitions.
The company also announced plans to acquire a hospital campus near Kansas City, Missouri, for $10.4 million during the third quarter, adding the property to an existing master lease expected to generate $1.04 million in annual base rent with 3% annual escalations. For the first six months of 2026, FFO rose to $41.0 million, or $0.74 per share, while net income increased to $18.4 million and rental income reached $80.0 million. Chairman and CEO Moishe Gubin said the new credit facility aligns Strawberry Fields more closely with its peers while providing additional flexibility to pursue acquisition opportunities.
To view the full press release, visit https://ibn.fm/5tFFk
About Strawberry Fields REIT
Strawberry Fields REIT, Inc., is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company’s portfolio includes 142 healthcare facilities with an aggregate of 15,500 beds, located throughout the states of Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee and Texas. The 142 healthcare facilities comprise 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
NOTE TO INVESTORS: The latest news and updates relating to STRW are available in the company’s newsroom at https://ibn.fm/STRW
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