Strawberry Fields REIT Q2 rental income rises on acquisitions

Strawberry Fields REIT

06/08/2026 22:29

Overview
US healthcare REIT's Q2 rental income rose 6% on property acquisitions and lease renewals
Q2 net income increased to $8.9 million from $8.6 million a year ago, AFFO declined slightly yr/yr
Company closed $300 mln credit facility and agreed to acquire hospital campus for $10.4 mln

Outlook
Company expects to close hospital campus acquisition in Q3 2026, adding to rental income
Strawberry Fields REIT plans to use new credit facility to support acquisition growth

Result Drivers
PROPERTY ACQUISITIONS AND LEASE RENEWALS - Co said higher rental income in Q2 was driven by purchase of additional properties and lease renewals
HIGHER ADMINISTRATIVE EXPENSES - Co said general and administrative expenses rose in Q2 due to closing costs for new credit facility and higher compensation
INCREASED INTEREST EXPENSE - Co said interest expense rose in Q2 mainly from recent bond issuances, offset by lower expense from loan paydown

Company press release: ID:nGNX8Y0fLY

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$8.94 mln
 
Q2 Adjusted FFO
 
$18.11 mln
 
Q2 FFO
 
$20.11 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 3.9% above its August 6 closing price of $14.44
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

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Aug 5 - LTC Properties Q2 revenue jumps, beats analyst expectations

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(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.)