Strawberry Fields REIT (NYSE AMERICAN: STRW) reported robust third quarter 2025 results, highlighting 100% rent collection, record rental income of $39.7 million, and continued portfolio expansion through strategic acquisitions. During the quarter, the company acquired 11 skilled nursing and healthcare facilities across Missouri and Oklahoma for a combined $68.55 million, all funded from working capital. These additions increased annual base rents by approximately $6.6 million, each subject to 3% annual escalations.
For the quarter ended Sept. 30, 2025, funds from operations (FFO) rose to $20.7 million from $15.2 million a year earlier, adjusted FFO (AFFO) grew to $18.1 million from $14.3 million, and net income increased to $8.9 million from $6.9 million, underscoring continued momentum in the company’s long-term growth strategy. The strong operational performance reflects the resilience of Strawberry Fields' business model, which focuses on owning and leasing healthcare properties to skilled nursing and assisted living operators.
The company's portfolio now includes 142 healthcare facilities with an aggregate of over 15,500 beds, located across 10 states: 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. This diversified geographic footprint and property mix provide stability and growth potential.
The record rental income and high occupancy rates are particularly noteworthy given the challenges in the healthcare real estate sector, including regulatory changes and rising operational costs. Strawberry Fields' ability to maintain 100% rent collection and increase rents with 3% annual escalations demonstrates strong tenant relationships and the essential nature of its properties. The acquisitions during the quarter also signal management's confidence in the market and its ability to deploy capital effectively.
Investors should note that the company's financial performance is supported by its focus on skilled nursing facilities, which benefit from demographic trends such as an aging population and increased demand for long-term care. Additionally, the company's self-administered REIT structure allows for efficient management and cost control. For more details, the full press release is available at https://ibn.fm/CAz62.
The latest news and updates relating to STRW are available in the company’s newsroom at https://ibn.fm/STRW. Strawberry Fields REIT, Inc., 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. The company's consistent performance and strategic growth underscore its position as a key player in the healthcare real estate market.
