Strawberry Fields REIT (NYSE AMERICAN: STRW) reported first-quarter 2026 results showing 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 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 rose to $9.5 million from $7.0 million, and rental income increased to $40.0 million from $37.3 million. The company collected 100% of contractual rents during the quarter.
In addition to the strong operational performance, Strawberry Fields announced it has signed a term sheet for a $300 million corporate credit facility expected to close in the second quarter. The facility is intended to refinance existing debt and support acquisition growth. This move signals the company's strategic focus on strengthening its balance sheet and expanding its portfolio of healthcare properties.
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. The company's portfolio includes 143 healthcare facilities with an aggregate of 15,600+ beds, located throughout the states of Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee and Texas. The 143 healthcare facilities comprise 131 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
For more details on the quarter, the full press release is available at https://nnw.fm/C5Ked. The latest news and updates relating to STRW can be found in the company's newsroom at https://nnw.fm/STRW.
