Strawberry Fields REIT Q1 rental revenues rises 7% on acquisitions

Strawberry Fields REIT

08/05/2026 11:11

Corrects typographical error in headline

Overview

US healthcare property REIT's Q1 rental revenues rose 7% yr/yr on new acquisitions

Q1 net income, FFO and AFFO all increased from prior year period

Company signed $300 mln credit facility term sheet and agreed to acquire Missouri hospital campus

Outlook

Company expects to close $300 mln credit facility during Q2 2026

Strawberry Fields REIT plans to fund $8.6 mln hospital campus acquisition from balance sheet

Company says focus remains on disciplined acquisitions and tenant strength in Q2 2026

Result Drivers

NEW ACQUISITIONS - Increase in rental revenues was primarily due to income from new acquisitions added to Texas and Missouri master leases

LOWER INTEREST EXPENSE - Decrease in interest expense was mainly due to lower interest payments on commercial loans and note payable, along with higher interest income

HIGHER OPERATING COSTS - General and administrative expenses increased due to higher professional fees, corporate salaries and other operating expenses

Company press release: ID:nGNX7WxZPB

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$9.47 mln
Q1 Adjusted FFO
$18.84 mln
Q1 FFO
$20.93 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Strawberry Fields Reit Inc is $15.00, about 15.8% above its May 7 closing price of $12.95

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)