Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) reported first-quarter 2026 results that demonstrated 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 also reported collecting 100% of contractual rents during the quarter.
The REIT, which focuses on skilled nursing and other healthcare-related properties, also announced that 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 development signals the company's ability to secure financing at a scale that can fuel further expansion of its portfolio, which currently includes 143 healthcare facilities with an aggregate of over 15,600 beds across ten states.
The company's portfolio comprises 131 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals, located in Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas. The strong rent collection and growth in rental income underscore the stability of its tenant base and the demand for healthcare real estate.
Strawberry Fields REIT is a self-administered REIT engaged in the ownership, acquisition, development, and leasing of skilled nursing and certain other healthcare-related properties. The company's latest news and updates are available in its newsroom at https://nnw.fm/STRW. The full press release detailing the Q1 results can be accessed at https://nnw.fm/C5Ked.
The positive quarterly results and the advancement of the credit facility highlight Strawberry Fields' strategic focus on growth and financial stability in the healthcare real estate sector. Investors and industry observers will likely monitor the closing of the credit facility and subsequent acquisition activity as indicators of the company's trajectory.
