Quarterly ResultAug 6, 2026, 05:24 PM
Strawberry Fields REIT Q2 FFO $20.1M; Secures $300M Credit Facility
AI Summary
Strawberry Fields REIT announced its Q2 2026 operating results, reporting a slight increase in FFO to $20.1 million and net income to $8.9 million, while AFFO saw a minor decrease. The company successfully closed a new Corporate Credit Facility of up to $300 million to refinance existing debt and support future acquisitions. Additionally, Strawberry Fields REIT entered into a contract to acquire a hospital campus for $10.4 million, expected to close in Q3 2026, and maintained 100% contractual rent collection.
Key Highlights
- Q2 2026 FFO was $20.1 million ($0.36 per share), compared to $20.0 million ($0.36 per share) in Q2 2025.
- Q2 2026 AFFO was $18.1 million ($0.32 per share), compared to $18.9 million ($0.34 per share) in Q2 2025.
- Q2 2026 Net income increased to $8.9 million from $8.7 million in Q2 2025.
- Q2 2026 Rental income increased to $40.0 million from $37.9 million in Q2 2025.
- Closed a Corporate Credit Facility with availability up to $300 million, including a $100 million term loan and $200 million revolving line of credit.
- Contracted to acquire a hospital campus for $10.4 million, expected to close in Q3 2026, with initial annual base rents of $1.04 million.
- 100% of contractual rents were collected during the quarter.
Price Impact
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