Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) reported operating results for the year ended Dec. 31, 2025, highlighting record financial performance and strategic portfolio growth. The company achieved 100% rent collections, with funds from operations (FFO) of $79.6 million, or $1.43 per share, and adjusted funds from operations (AFFO) of $72.5 million, or $1.30 per share. These figures represent a significant increase from 2024, where FFO was $60.2 million ($1.15 per share) and AFFO was $55.8 million ($1.07 per share). Net income rose to $33.3 million from $26.5 million, and rental income increased to $155.0 million from $117.1 million.
During 2025, the company executed several key transactions that underscore its growth strategy. Notably, Strawberry Fields entered into a new 10-year Kentucky master lease with $23.3 million in base rent, subject to CPI increases, providing long-term revenue stability. Additionally, the company acquired multiple skilled nursing and healthcare facilities across Kansas, Missouri, and Oklahoma, adding more than 1,200 beds to its portfolio. To finance this expansion, Strawberry Fields issued approximately $89.5 million in Series B bonds on the Tel Aviv Stock Exchange (TASE) at a 6.70% fixed rate, which positions the company for continued accretive growth in 2026, according to Chairman and CEO Moishe Gubin.
The company's portfolio now includes 143 healthcare facilities with an aggregate of over 15,600 beds across 10 states: Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas. The properties comprise 131 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals. This diversification across geographies and facility types helps mitigate risk and supports stable cash flows.
The strong operating results and strategic acquisitions highlight Strawberry Fields' ability to execute its business plan in a challenging healthcare real estate environment. The 100% rent collection rate demonstrates the resilience of its tenant base and the quality of its assets. With a solid balance sheet and access to capital markets, the company is well-positioned to pursue further accretive investments.
For more details, the full press release is available at https://ibn.fm/wR6ME. Latest news and updates on STRW can be found in the company's newsroom at https://ibn.fm/STRW.
