Strawberry Fields REIT falls on stock offering plan

Strawberry Fields REIT

02/12/2024 13:57

** Shares of real estate investment trust Strawberry Fields
REIT  STRW.A  fall 5% to $12.02 premarket
    ** STRW commences public offering of common stock; size not
disclosed
    ** Co plans on using the proceeds for acquisitions, repaying
debt, and for general corporate purposes
    ** Janney Montgomery Scott is the lead book-running manager
for the proposed offering
    ** STRW has 7.5 mln outstanding shares for $94.7 mln market
capitalization- LSEG data
    ** Co's portfolio includes 115 healthcare facilities
comprising 104 skilled nursing facilities, nine assisted living
facilities, and two long-term acute care hospitals
    ** As of last close, STRW shares were up 64.1% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))