Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) reported first-quarter 2026 financial results showing growth in key operating metrics, including a rise in funds from operations (FFO) and net income, while also advancing a significant credit facility to support its acquisition strategy. The company posted FFO of $20.9 million, or $0.38 per share, compared to $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, from $16.8 million, or $0.30 per share. Net income rose to $9.5 million from $7.0 million, and rental income grew to $40.0 million from $37.3 million. The company collected 100% of contractual rents during the quarter.
In a move to strengthen its capital structure and fuel further growth, 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 will be used to refinance existing debt and support acquisition growth. This development is significant for the company and the healthcare real estate sector, as it provides the financial flexibility to expand its portfolio of skilled nursing and 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 certain other healthcare-related properties. Its portfolio 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 and the planned credit facility underscore Strawberry Fields' ability to generate consistent cash flows and pursue strategic growth. For investors and the industry, this news signals the company's solid operational footing and its commitment to expanding its footprint in the healthcare real estate market. The 100% rent collection rate highlights the resilience of its tenant base and the stability of its revenue stream, which are critical factors in the REIT sector.
For more details on the full press release, visit https://nnw.fm/C5Ked. The latest news and updates relating to STRW are available in the company’s newsroom at https://nnw.fm/STRW.
This announcement comes as the healthcare real estate sector continues to evolve, with demand for skilled nursing and assisted living facilities driven by an aging population. Strawberry Fields' ability to secure a substantial credit facility positions it to capitalize on acquisition opportunities and strengthen its market presence. The company's focus on high-quality healthcare properties and its disciplined capital management are likely to support long-term shareholder value.
