Strawberry Fields REIT (NYSE AMERICAN: STRW) reported second-quarter 2026 results that underscore its financial stability and growth trajectory. The company achieved 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, reflecting the company's continued expansion in the healthcare real estate sector.
During the quarter, Strawberry Fields 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. This strategic financial move is designed to refinance existing debt and support future acquisitions, aligning the company more closely with its peers while providing additional flexibility to pursue growth opportunities, according to Chairman and CEO Moishe Gubin.
The company also announced plans to acquire a hospital campus near Kansas City, Missouri, for $10.4 million during the third quarter. This property will be added to an existing master lease, expected to generate $1.04 million in annual base rent with 3% annual escalations. This acquisition is part of Strawberry Fields' broader strategy to expand its portfolio of healthcare-related properties.
For the first six months of 2026, the company reported FFO of $41.0 million, or $0.74 per share, net income of $18.4 million, and rental income of $80.0 million. These figures demonstrate consistent growth and operational efficiency.
Strawberry Fields REIT is a self-administered real estate investment trust focused on the ownership, acquisition, development, and leasing of skilled nursing and other healthcare-related properties. The company's portfolio includes 142 healthcare facilities with an aggregate of 15,500 beds, located across Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas. The facilities comprise 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
The new credit facility and the upcoming acquisition highlight Strawberry Fields' commitment to expanding its footprint and enhancing shareholder value. By securing substantial liquidity and continuing to acquire income-generating properties, the company is well-positioned to capitalize on opportunities in the healthcare real estate market.
For more details, the full press release is available at https://ibn.fm/5tFFk. The latest news and updates relating to STRW can be found in the company's newsroom at https://ibn.fm/STRW.
