Strawberry Fields REIT (NYSE AMERICAN: STRW) has announced its second-quarter 2026 financial results, revealing a period of solid performance marked by 100% rent collections and significant strategic moves. The company reported net income of $8.9 million, with funds from operations (FFO) reaching $20.1 million, or $0.36 per share, and adjusted funds from operations (AFFO) totaling $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 steady growth trajectory.
A key highlight of the quarter was the closing of a new corporate credit facility that provides up to $300 million in borrowing capacity. This facility comprises a $100 million term loan and a $200 million revolving credit facility, which will be used to refinance existing debt and support future acquisitions. This strategic financial move aligns Strawberry Fields more closely with its peers and offers additional flexibility to pursue growth opportunities, according to Chairman and CEO Moishe Gubin.
The company also 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 and is expected to generate $1.04 million in annual base rent, with 3% annual escalations. This acquisition underscores Strawberry Fields' commitment to expanding its healthcare real estate portfolio in high-demand areas.
For the first six months of 2026, the company's FFO rose to $41.0 million, or $0.74 per share, while net income increased to $18.4 million and rental income reached $80.0 million. These results demonstrate consistent operational performance and effective capital management.
Strawberry Fields REIT is a self-administered real estate investment trust specializing in the ownership, acquisition, development, and leasing of skilled nursing and other healthcare-related properties. Its 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. The properties comprise 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
The new credit facility and the planned acquisition are significant steps for the company as it continues to strengthen its position in the healthcare real estate market. By securing additional capital and expanding its property portfolio, Strawberry Fields is well-positioned to capitalize on future opportunities and deliver long-term value to its shareholders. The company's consistent rent collection and growing income streams highlight its operational resilience and strategic foresight in a competitive sector.
For more information, visit https://ibn.fm/5tFFk and the company's newsroom at https://ibn.fm/STRW.
