Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) announced first-quarter 2026 financial results demonstrating growth in key operating metrics. The company reported funds from operations (FFO) of $20.9 million, or $0.38 per share, up from $18.3 million, or $0.33 per share, in the prior-year quarter. Adjusted FFO (AFFO) increased to $18.8 million, or $0.34 per share, from $16.8 million, or $0.30 per share. Net income rose to $9.5 million compared to $7.0 million in the same period last year, and rental income grew to $40.0 million from $37.3 million.
The company achieved 100% collection of contractual rents during the quarter. In a significant strategic move, Strawberry Fields has signed a term sheet for a $300 million corporate credit facility expected to close in the second quarter. The facility is intended to refinance existing debt and support future acquisition growth. This development positions the company to enhance its capital structure and pursue expansion opportunities in the healthcare real estate sector.
Strawberry Fields REIT is a self-administered real estate investment trust focusing on skilled nursing and other healthcare-related properties. The company's portfolio comprises 143 healthcare facilities with an aggregate of over 15,600 beds across ten states: Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas. The facilities include 131 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
The announcement underscores the company's solid operational performance and its proactive approach to capital management. By securing a larger credit facility, Strawberry Fields aims to lower borrowing costs and extend maturities, which could improve financial flexibility. The strong rental collection rate reflects the stability of its tenant base and the essential nature of healthcare services provided at its properties.
Investors and stakeholders can access the full press release at https://nnw.fm/C5Ked. For the latest news and updates on Strawberry Fields REIT, visit the company's newsroom at https://nnw.fm/STRW.
The positive quarterly results and the pending credit facility highlight Strawberry Fields' ability to generate consistent cash flows while positioning for future growth. The company's focus on skilled nursing facilities, a segment with steady demand due to aging demographics, provides a foundation for sustained performance. As the healthcare real estate market evolves, Strawberry Fields' strategic financing move could enable it to capitalize on acquisition opportunities and strengthen its market presence.
