Strawberry Fields REIT (NYSE AMERICAN: STRW) reported operating results for the year ended Dec. 31, 2025, highlighted by 100% rent collections, FFO of $79.6 million or $1.43 per share and AFFO of $72.5 million or $1.30 per share, up from $60.2 million or $1.15 per share and $55.8 million or $1.07 per share, respectively, in 2024. Net income rose to $33.3 million from $26.5 million and rental income increased to $155.0 million from $117.1 million. These results demonstrate the company's strong operational performance and effective capital management.
During 2025, 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, positioning the company for continued accretive growth in 2026, according to Chairman and CEO Moishe Gubin. The bond issuance provided long-term, fixed-rate capital to fund acquisitions and reduce leverage.
The portfolio expansion reflects Strawberry Fields' strategy of acquiring high-quality skilled nursing and healthcare properties in attractive markets. The company's portfolio now includes 143 healthcare facilities with an aggregate of 15,600+ beds, located throughout Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee and Texas. The facilities comprise 131 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
For more details on the full press release, visit https://ibn.fm/wR6ME. The latest news and updates relating to STRW are available in the company’s newsroom at https://ibn.fm/STRW.
