Strawberry Fields REIT (NYSE AMERICAN: STRW) reported operating results for the year ended Dec. 31, 2025, highlighting 100% rent collections, funds from operations (FFO) of $79.6 million or $1.43 per share, and adjusted FFO (AFFO) of $72.5 million or $1.30 per share. These figures represent substantial increases from 2024, when FFO was $60.2 million or $1.15 per share and AFFO was $55.8 million or $1.07 per share. Net income rose to $33.3 million from $26.5 million, while rental income increased to $155.0 million from $117.1 million.
The company executed a new 10-year Kentucky master lease with $23.3 million in base rent subject to CPI increases, acquired multiple skilled nursing and healthcare facilities across Kansas, Missouri, and Oklahoma totaling more than 1,200 beds, and issued approximately $89.5 million in Series B bonds on the TASE at a 6.70% fixed rate. These actions position Strawberry Fields for continued accretive growth in 2026, according to Chairman and CEO Moishe Gubin.
The strong 2025 performance underscores the resilience of the skilled nursing sector and the company's strategic focus on high-quality healthcare real estate. With a portfolio of 143 facilities and over 15,600 beds across ten states, Strawberry Fields has established itself as a significant player in the healthcare REIT space. The record results are particularly notable given the challenging operating environment in healthcare, highlighting the company's effective management and asset selection.
For more details, the full press release is available at https://ibn.fm/wR6ME. Investors can stay updated on the latest news regarding STRW at the company's newsroom: https://ibn.fm/STRW.
The results are likely to boost investor confidence in the healthcare REIT sector, particularly for companies focused on skilled nursing facilities. Strawberry Fields' ability to achieve 100% rent collections and grow FFO significantly amid industry headwinds demonstrates the robustness of its business model. The expansion through acquisitions and favorable financing terms suggests a disciplined growth strategy that could continue to deliver value to shareholders.
The issuance of Series B bonds on the TASE at a fixed rate of 6.70% provides long-term capital at attractive costs, enabling the company to pursue further accretive acquisitions. The new Kentucky master lease, with built-in CPI adjustments, offers protection against inflation and ensures stable revenue growth. These strategic moves, combined with a strong balance sheet, position Strawberry Fields well for 2026 and beyond.
Strawberry Fields REIT is a self-administered real estate investment trust engaged in the ownership, acquisition, development, and leasing of skilled nursing and other healthcare-related properties. Its portfolio includes 131 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
