Strawberry Fields REIT Reports Higher Q1 FFO, Advances $300M Credit Facility

Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) reported first-quarter 2026 results showing growth in key operating metrics, with funds from operations (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. 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.

The strong operational performance comes as Strawberry Fields also advances a major financing initiative. The company 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 confidence in its ability to expand its portfolio of healthcare properties.

Strawberry Fields REIT is a self-administered real estate investment trust focused on the ownership, acquisition, development and leasing of skilled nursing and other healthcare-related properties. As of the latest update, the company’s portfolio includes 143 healthcare facilities with an aggregate of more than 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 company’s ability to achieve 100% rent collection and increase FFO and AFFO underscores the stability of its revenue stream, even as the healthcare real estate sector faces ongoing challenges. The planned $300 million credit facility will provide additional financial flexibility to pursue acquisitions and refinance existing debt, which could further strengthen its balance sheet and support future growth.

For more information on Strawberry Fields REIT, visit the company’s newsroom at https://nnw.fm/STRW. The full press release is available at https://nnw.fm/C5Ked.

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