Strawberry Fields Reit Announces Third Quarter 2026 Operating Results
Key Highlights
- ➤Q3 FFO $(3.6) million, down from $20.7 million year-over-year
- ➤Q3 AFFO $18.8 million, up from $18.1 million year-over-year
- ➤$24.6 million foreign currency loss drove Q3 net loss
- ➤$10.4 million hospital campus acquisition added $1.04 million annual rent
- ➤$15 million Indiana facility deal expected to close before year-end
Expert Statements
Moishe Gubin, Chairman & CEO of Strawberry Fields REIT
“While our acquisition activity in 2026 has been more measured compared to prior years, we are encouraged by the progress we are making on several opportunities in our pipeline. Many of these transactions have been under active consideration for several months, with some approaching a year of negotiations. We are pleased to see these efforts beginning to translate into results. If these transactions close as anticipated, we believe we are well positioned to reach our 2026 acquisition target of $100 million to $150 million.”
Moishe Gubin, Chairman & CEO of Strawberry Fields REIT
“One of the Company’s greatest strengths, and a key differentiator from our peers, has been our commitment to a disciplined and consistent investment strategy. Our focus remains on acquiring skilled nursing facilities subject to long-term, triple-net leases with contractual annual rent escalators. This approach has been fundamental to our success, providing a foundation for sustainable growth and predictable cashflows. We remain committed to maintaining this investment discipline as we continue to expand our portfolio and create long-term value for our shareholders.”
SOUTH BEND, Ind., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) (the “Company”) reported today its operating results for the quarter ended September 30, 2026.
FINANCIAL HIGHLIGHTS * 100% of contractual rents collected. * On September 9, 2026, the Company completed the acquisition of a hospital campus comprising a licensed 60 bed hospital, licensed 99 bed skilled nursing facility and ancillary medical office buildings near Kansas City, Missouri. The purchase price was $10.4 million and the Company funded the acquisition from the balance sheet. The hospital campus was added to an existing master lease of a tenant in Missouri with initial annual base rents of $1.04 million and subject to 3% annual rent increases. * Subsequent to quarter end on November 1, 2026, the Company entered into a purchase agreement for a 99-bed skilled nursing facility in Angola, Indiana for $15 million. The Company will fund the acquisition with $14 million from the balance sheet and the seller will take $1 million in OP Units. The facility will be added to an existing master lease for our tenant in Indiana. Initial base rents will be $1.5mm and will be subject to 3% annual increases. The acquisition is expected to close before year-end.
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