Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) delivered robust third quarter 2025 financial results, highlighted by perfect rent collection and record rental income of $39.7 million. The healthcare-focused real estate investment trust maintained its expansion momentum through strategic acquisitions while showing significant improvement across key financial metrics.
The company's performance during the quarter ending September 30, 2025, demonstrated substantial growth across all major financial indicators. Funds from operations increased to $20.7 million from $15.2 million in the same period last year, while adjusted funds from operations grew to $18.1 million from $14.3 million. Net income also showed strong improvement, rising to $8.9 million from $6.9 million year-over-year. These results underscore the company's successful execution of its long-term growth strategy in the healthcare real estate sector.
Strategic portfolio expansion played a crucial role in the quarter's success, with Strawberry Fields acquiring 11 skilled nursing and healthcare facilities across Missouri and Oklahoma for a combined $68.55 million. All acquisitions were funded from working capital, demonstrating the company's financial strength and operational efficiency. These new properties are expected to contribute approximately $6.6 million in additional annual base rent, with each lease featuring 3% annual escalations to provide predictable revenue growth.
The company's 100% rent collection rate during the quarter reflects the stability of its tenant relationships and the essential nature of healthcare services provided at its facilities. This consistent performance is particularly significant given the broader economic uncertainties affecting many real estate sectors. Investors can access detailed financial information through the company's official newsroom at https://ibn.fm/STRW.
Strawberry Fields REIT's continued growth in the healthcare real estate market highlights the increasing demand for skilled nursing and specialized medical facilities. The company's portfolio now includes 142 healthcare facilities with more than 15,500 beds across ten states, comprising 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals. This diversification provides stability while allowing the REIT to capitalize on multiple segments within the healthcare real estate market.
The strong quarterly results and strategic acquisitions position Strawberry Fields for continued success in the evolving healthcare landscape. As demographic trends point toward increasing demand for senior care and medical facilities, the company's focused approach to healthcare real estate ownership and development appears well-timed. The full quarterly report and additional corporate information are available at https://ibn.fm/CAz62 for investors seeking comprehensive details about the company's performance and future outlook.
