Quarterly ResultMay 8, 2026, 06:03 AM
Strawberry Fields REIT Q1 FFO $20.9M; Secures $300M Credit Facility
AI Summary
Strawberry Fields REIT reported strong Q1 2026 operating results, with FFO increasing to $20.9 million and AFFO to $18.8 million. The company also secured a term sheet for a new $300 million Corporate Credit Facility, comprising a $100 million term loan and a $200 million revolving line of credit, to refinance existing debt and support acquisition growth. Additionally, subsequent to quarter-end, the company contracted to acquire a hospital campus near Kansas City for $8.6 million, expected to generate $860 thousand in initial annual rent.
Key Highlights
- Signed term sheet for a $300 million Corporate Credit Facility (CCF).
- CCF includes a $100 million term loan and $200 million revolving line of credit.
- Contracted to acquire a hospital campus for $8.6 million, with initial annual rent of $860 thousand.
- Q1 2026 FFO increased to $20.9 million from $18.3 million in Q1 2025.
- Q1 2026 FFO per share was $0.38, up from $0.33 in Q1 2025.
- Q1 2026 AFFO increased to $18.8 million from $16.8 million in Q1 2025.
- Q1 2026 Net income rose to $9.5 million from $7.0 million in Q1 2025.
- Rental income received was $40.0 million in Q1 2026, up from $37.3 million in Q1 2025.