GlobeNewswire·Nov 5, 2026, 5:00 PM ET

Strawberry Fields Reit Announces Third Quarter 2026 Operating Results

STRW

Strawberry Fields REIT reported operating results for the quarter ended September 30, 2026, with 100% of contractual rents collected.
On September 9, 2026, the company acquired a hospital campus near Kansas City, Missouri, for $10.4 million funded from the balance sheet, generating initial annual base rents of $1.04 million with 3% annual escalators.
Subsequent to the quarter end on November 1, 2026, the company entered a purchase agreement for a 99-bed skilled nursing facility in Angola, Indiana, for $15 million, funded by $14 million from the balance sheet & $1 million in OP Units.
The Indiana acquisition is expected to close before year-end, adding $1.5 million in initial base rents subject to 3% annual increases under an existing master lease.
For the quarter ended September 30, 2026, FFO was $(3.6) million & FFO per share was $(0.65), compared to $20.7 million & $0.37 per share in the same period of 2025.
Quarterly AFFO was $18.8 million ($0.34 per share) compared to $18.1 million ($0.33 per share) in 2025.
Net loss for the quarter was $(14.8) million, primarily driven by a $24.6 million foreign currency transaction loss related to bond retirements.
Rental income received for the quarter was $40.0 million, an increase of approximately $0.3 million from the prior year period.
For the nine months ended September 30, 2026, FFO was $37.6 million ($0.67 per share) & AFFO was $55.9 million ($1.00 per share).
Net income for the nine months ended September 30, 2026, was $3.7 million, down from $24.5 million in the same period of 2025.
General & administrative expenses increased by 28% in the quarter to $0.4 million, primarily due to higher executive compensation & professional fees.
Chairman & CEO Moishe Gubin stated that while 2026 acquisition activity has been measured, the company aims to reach a $100 million to $150 million acquisition target if pending transactions close as anticipated.
The company maintains a portfolio of 145 healthcare facilities with over 15,600 beds across ten states, focusing on skilled nursing facilities under triple-net leases.

Company: Strawberry Fields REIT
Keywords: NYSE:STRW, Strawberry Fields REIT, REIT, Real Estate, Skilled Nursing