Key Points – Operational performance remained solid: Strawberry Fields collected 100% of contractual rents in Q2, with 142 facilities, approximately $143 million in annualized base rent, and tenant EBITDA-to-rent coverage of 2.17x. – Financial results and balance sheet improved:…
x-month revenue rose 6.4% to $80 million, while net income increased to $18.4 million. The company approved a $0.17 quarterly dividend and secured a credit facility with up to $300 million in borrowing capacity. – Acquisition activity is expected to accelerate: The REIT agreed to buy a Missouri healthcare campus for $10.4 million and is evaluating more than $225 million of additional transactions, with management targeting $100 million to $150 million of total acquisitions in 2026
Strawberry Fields REIT (NYSEAMERICAN:STRW) reported full contractual rent collection during the second quarter of 2026, while management said its acquisition pipeline has begun to improve following a slower and more volatile deal environment earlier in the year. Chief Investment Officer Jeff Bajtner said the healthcare real estate investment trust collected 100% of contractual rents during the quarter. The company’s portfolio included 142 facilities across 10 states, with 15,496 licensed beds and annualized base rent of approximately $143 million.
Management estimated the portfolio’s value at more than $1.4 billion using a 10% capitalization rate. The company’s tenants generated EBITDA-to-rent coverage of 2.17x as of May 31, according to Bajtner, while the portfolio’s remaining average lease term was 6.9 years. Strawberry Fields said approximately 91.5% of its portfolio consists of skilled nursing facilities.