Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) reported first-quarter 2026 financial results, demonstrating growth in key operating metrics. The company’s funds from operations (FFO) rose to $20.9 million, or $0.38 per share, from $18.3 million, or $0.33 per share, in the prior-year quarter. Adjusted FFO (AFFO) increased to $18.8 million, or $0.34 per share, compared to $16.8 million, or $0.30 per share a year earlier. Net income climbed to $9.5 million from $7.0 million, while rental income grew to $40.0 million from $37.3 million. The company also reported collecting 100% of contractual rents during the quarter.
Beyond the quarterly results, Strawberry Fields announced it has signed a term sheet for a $300 million corporate credit facility, which is expected to close in the second quarter. The proceeds will be used to refinance existing debt and support acquisition growth. This move is part of the company’s strategy to strengthen its balance sheet and expand its portfolio of healthcare-related properties.
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 currently 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 facilities comprise 131 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
The strong first-quarter performance highlights the resilience of Strawberry Fields’ business model amid a challenging healthcare environment. The 100% rent collection rate underscores the stability of its tenant relationships and the demand for its properties. The planned $300 million credit facility will provide additional liquidity and financial flexibility to pursue accretive acquisitions and refinance maturing debt at potentially lower costs.
For more details, the full press release is available at https://nnw.fm/C5Ked. Additional news and updates about Strawberry Fields REIT can be found in the company’s newsroom at https://nnw.fm/STRW.
