Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) reported third-quarter 2026 financial results that showed modest growth in adjusted funds from operations (AFFO) and continued portfolio expansion through acquisitions, even as a large foreign currency transaction loss drove a net loss for the period. The company posted AFFO of $18.8 million, or $0.34 per share, compared with $18.1 million, or $0.33 per share, in the prior-year quarter. Rental income totaled $40 million, up slightly from $39.7 million a year earlier, and the company collected 100% of contractual rents.
The company reported a net loss of $14.8 million, compared with net income of $8.9 million in the prior-year period, primarily reflecting a $24.6 million foreign currency transaction loss associated with bond retirements. Funds from operations (FFO) were negative $3.6 million, compared with positive $20.7 million in the prior-year quarter. For the first nine months of 2026, AFFO increased to $55.9 million from $53.4 million in the comparable 2025 period.
During the quarter, Strawberry Fields completed a $10.4 million acquisition of a hospital campus near Kansas City, Missouri, and subsequently entered into an agreement to acquire a 99-bed skilled nursing facility in Indiana for $15 million, with closing expected before year-end. The company continues to pursue its 2026 acquisition target of $100 million to $150 million. The acquisition activity matters because it signals the company’s ability to deploy capital and expand its portfolio even as it manages balance-sheet impacts from bond retirements.
Strawberry Fields REIT 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. Its portfolio includes 145 healthcare facilities with an aggregate of 15,600+ beds, located throughout Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee and Texas. The 145 healthcare facilities comprise 131 skilled nursing facilities, 10 assisted living facilities, three hospitals, and a medical office building.
For investors, the quarter highlights a company with stable rental income and full rent collection, offset by a non-cash foreign currency loss that weighed on net income and FFO. The AFFO increase suggests core operating performance remains positive. The latest news and updates relating to STRW are available in the company’s newsroom at https://ibn.fm/STRW. To view the full press release, visit https://ibn.fm/WPgae.
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