Strawberry Fields REIT Reports Strong Q1 2026 Results, Advances $300M Credit Facility

Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) reported first-quarter 2026 results showing growth in key operating metrics, with FFO rising to $20.9 million, or $0.38 per share, from $18.3 million, or $0.33 per share, in the prior-year quarter, while 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, rental income increased to $40.0 million from $37.3 million, and the company collected 100% of contractual rents while also signing a term sheet for a $300 million corporate credit facility expected to close in the second quarter to refinance debt and support acquisition growth.

The results underscore the company's ability to generate consistent cash flows from its portfolio of skilled nursing and healthcare properties. The 100% rent collection rate highlights the stability of its tenant base, which is critical in the healthcare real estate sector. The planned $300 million credit facility, detailed in the full press release, is expected to provide financial flexibility for refinancing existing debt and funding future acquisitions. This move aligns with the company's strategy to expand its footprint across the 10 states where it operates.

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.

The first-quarter results and credit facility advancement are significant for investors monitoring the healthcare REIT sector. The company's ability to grow FFO and rental income amidst a challenging interest rate environment demonstrates operational efficiencies and strong demand for skilled nursing facilities. The credit facility, once closed, will likely lower borrowing costs and enable accretive acquisitions, potentially boosting shareholder value. Additional updates are available in the company’s newsroom at https://nnw.fm/STRW.