Strawberry Fields REIT (NYSE AMERICAN: STRW) reported operating results for the year ended Dec. 31, 2025, highlighting record performance with 100% rent collections, funds from operations (FFO) of $79.6 million or $1.43 per share, and adjusted FFO (AFFO) of $72.5 million or $1.30 per share. These figures represent substantial increases from 2024, when FFO was $60.2 million or $1.15 per share and AFFO was $55.8 million or $1.07 per share.
Net income rose to $33.3 million in 2025 from $26.5 million in the prior year, while rental income increased to $155.0 million from $117.1 million. The company's portfolio growth was driven by strategic acquisitions and new leases. During 2025, Strawberry Fields executed a new 10-year Kentucky master lease with $23.3 million in base rent subject to CPI increases, and acquired multiple skilled nursing and healthcare facilities across Kansas, Missouri, and Oklahoma totaling more than 1,200 beds. To support this expansion, the company issued approximately $89.5 million in Series B bonds on the TASE at a 6.70% fixed rate, positioning it for continued accretive growth in 2026, according to Chairman and CEO Moishe Gubin.
The full press release is available at https://ibn.fm/wR6ME. Strawberry Fields REIT is a self-administered real estate investment trust focused on ownership, acquisition, development, and leasing of skilled nursing and other healthcare-related properties. The company's portfolio includes 143 healthcare facilities with an aggregate of 15,600+ beds located across Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas. The facilities comprise 131 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
These results underscore the company's ability to generate strong cash flows and expand its footprint in the healthcare real estate sector. The record FFO and AFFO growth, coupled with 100% rent collections, highlight operational efficiency and tenant stability. The portfolio expansion through acquisitions and new leases, along with favorable financing terms, sets the stage for continued performance in 2026. Investors can find the latest news and updates on STRW in the company's newsroom at https://ibn.fm/STRW.
Strawberry Fields' strategy of acquiring skilled nursing and healthcare facilities in multiple states diversifies its revenue sources and mitigates regional risks. The new Kentucky master lease with CPI adjustments provides inflation protection, while the TASE bond issuance at a fixed rate locks in low-cost capital for growth. The company's focus on essential healthcare real estate aligns with demographic trends supporting long-term demand for skilled nursing and assisted living services.
Overall, Strawberry Fields' 2025 results demonstrate robust financial health and strategic execution, with implications for investors seeking exposure to the healthcare real estate sector. The company's ability to increase rental income and FFO while maintaining full rent collection positions it favorably for future growth.
