Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) reported financial results for the first quarter of 2026, demonstrating growth in key operating metrics. The company's funds from operations (FFO) rose to $20.9 million, or $0.38 per share, compared to $18.3 million, or $0.33 per share, in the prior-year quarter. Adjusted funds from operations (AFFO) increased to $18.8 million, or $0.34 per share, from $16.8 million, or $0.30 per share. Net income climbed to $9.5 million from $7.0 million, and rental income grew to $40.0 million from $37.3 million. The company also reported collecting 100% of contractual rents during the quarter.
The company announced it has signed a term sheet for a $300 million corporate credit facility, expected to close in the second quarter. The facility will be used to refinance existing debt and support acquisition growth. This strategic move positions Strawberry Fields to enhance its liquidity and pursue expansion opportunities in the healthcare real estate sector.
Strawberry Fields REIT is a self-administered real estate investment trust focused on owning, acquiring, developing, and leasing skilled nursing and other healthcare-related properties. The company's portfolio includes 143 healthcare facilities with an aggregate of over 15,600 beds, located across ten states: Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas. The portfolio comprises 131 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
The strong first-quarter results reflect the resilience of the company's portfolio and its ability to generate consistent cash flows. The 100% rent collection rate underscores the stability of its tenant base. The $300 million credit facility will provide financial flexibility to pursue accretive acquisitions and manage debt maturities.
For more details, the full press release is available at https://nnw.fm/C5Ked. Additional updates and information about Strawberry Fields REIT can be found in the company's newsroom at https://nnw.fm/STRW.
