Strawberry Fields REIT Reports Strong Q2 Results and Secures $300 Million Credit Facility

Strawberry Fields REIT (NYSE AMERICAN: STRW) has announced its second-quarter 2026 financial results, revealing a period of solid performance and strategic advancements. The company reported 100% rent collections, net income of $8.9 million, and funds from operations (FFO) of $20.1 million, or $0.36 per share. Adjusted funds from operations (AFFO) reached $18.1 million, or $0.32 per share. Rental income increased to $40.0 million from $37.9 million in the same quarter last year, reflecting the company's continued growth in its healthcare real estate portfolio.

A key highlight of the quarter was the closing of a new corporate credit facility providing up to $300 million in borrowing capacity, comprising a $100 million term loan and a $200 million revolving credit facility. This new facility is intended to refinance existing debt and support future acquisitions, aligning Strawberry Fields more closely with its peers and offering additional flexibility to pursue growth opportunities, according to Chairman and CEO Moishe Gubin.

In addition to the credit facility, the company announced plans to acquire a hospital campus near Kansas City, Missouri, for $10.4 million during the third quarter. This property will be added to an existing master lease, which is expected to generate $1.04 million in annual base rent with 3% annual escalations, further strengthening the company's revenue stream.

For the first six months of 2026, Strawberry Fields reported FFO of $41.0 million, or $0.74 per share, and net income of $18.4 million. Rental income for the first half of the year reached $80.0 million, indicating a robust upward trajectory.

The company's portfolio includes 142 healthcare facilities with an aggregate of 15,500 beds, located across Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas. This diverse portfolio comprises 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.

These developments are significant for investors as they demonstrate Strawberry Fields' ability to maintain high occupancy and rent collections while expanding its asset base. The new credit facility and strategic acquisition are likely to enhance the company's liquidity and growth prospects, potentially leading to increased shareholder value.

For more details on the full press release, visit https://ibn.fm/5tFFk. For the latest news and updates on Strawberry Fields REIT, refer to the company's newsroom at https://ibn.fm/STRW.