The call presented a largely positive operational and financial story: strong top-line growth (32.4% revenue increase), meaningful AFFO and EBITDA expansion (29.8% and 38.2%), full rent collection, balance sheet growth and active capital markets execution. Those positives are tempered by higher non-cash and interest expenses, increased leverage, currency translation headwinds, a one-time G&A charge, and a large transaction that fell apart. Management emphasized disciplined underwriting, a sizeable acquisition pipeline, and planned refinancing actions to smooth maturities and funding availability.

Company Guidance

Guidance emphasized disciplined, accretive growth: management reiterated an annual acquisition target of $100M–$150M (pipeline ~$250M) and said it expects to sign a bank term sheet in 45–60 days to secure an unsecured line/term loan (providing >$100M of availability) and to reprofile debt into roughly equal maturities over the next 4–5 years; modeled refinancing pricing is ~SOFR+2.65–2.75 for the credit line and ~6.25% for bond debt (after issuing Series B bonds of NIS 312,000,000 ≈ $89.5M at 6.7%). They reiterated underwriting discipline (10% cap at acquisition, ~1.25x day‑one coverage) while highlighting balance‑sheet and operating metrics that support growth: net debt/net asset ~49.5%, net debt/EBITDA 5.7x, 100% contractual rent collection, EBITDARM coverage 2.07x (EBITDAR ~1.6x), 2025 AFFO $72.5M (+29.8% YoY; 13.3% CAGR), adjusted EBITDA $125.3M (+38.2% YoY; 13.5% CAGR), revenue $155M (+32.4% YoY), net income $33.3M ($0.60/sh), total assets $885M (+12.4%), 143 facilities/16,602 beds, dividend $0.16/sh (4.9% yield) with an AFFO payout ~46–47% and an AFFO per‑share run rate of about $1.30 that management expects to grow in 2026.

100% Contractual Rent Collected

Collected 100% of contractual rent throughout 2025, demonstrating strong tenant cash collection and resilience of the master-lease model.

Revenue Growth

2025 revenue of $155,000,000, up $37,900,000 or 32.4% versus 2024, driven by acquisitions and the Landmark-to-Kentucky master lease retenanting.

AFFO and Adjusted EBITDA Expansion

2025 AFFO was $72,500,000, a 29.8% increase versus 2024 (13.3% CAGR). Adjusted EBITDA was $125,300,000, up 38.2% versus 2024 (13.5% CAGR).

Net Income and EPS Improvement

Year-to-date net income of $33,300,000 or $0.60 per share compared to $26,500,000 or $0.57 per share in 2024, reflecting improved profitability despite higher non-cash and financing costs.

Asset Base Expansion

Total assets reached $885,000,000, an increase of $97,900,000 or 12.4% vs 12/31/2024, supported by $112,000,000 of acquisitions in 2025 and lease retenanting activity.

Strategic Acquisitions and Portfolio Growth

Entered Kansas with acquisition of six facilities (354 beds) for $24,000,000 and retenanted 10 Kentucky properties with Hill Valley (new base rent $23,300,000/year with 2.5% annual increases; initial 10-year term + extensions).

Successful Capital Markets Execution

Issued 312,000,000 shekel (~$89.5M) Series B unsecured bonds on the Tel Aviv Stock Exchange at a fixed 6.7%, marking the company's sixth series issuance since founding.

Portfolio Scale and Quality Metrics

Portfolio of 143 facilities across 10 states with 16,602 licensed beds; weighted-average lease term 7.2 years; EBITDARM rent coverage 2.07 and EBITDAR coverage ~1.6, indicating strong operator coverage.

Dividend and Payout Discipline

Dividend of $0.16/share (4.9% yield) with AFFO payout ~46–47%, enabling retained cash (~$40M referenced) for debt paydown and accretive acquisitions while maintaining a conservative payout ratio.

Healthy Acquisition Pipeline and Valuation Discipline

Acquisition pipeline approximately $250,000,000 and a stated disciplined underwriting threshold (10% cap at acquisition, 1.25 coverage underwriting), emphasizing accretive growth focus.

Strawberry Fields REIT Inc (STRW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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STRW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 19, 2026	2026 (Q1)	0.18 / -	0.13	―	―	―
Feb 19, 2026	2025 (Q4)	0.14 / 0.15	0.15	0.00% (0.00)	―	―
Nov 06, 2025	2025 (Q3)	0.10 / 0.16	0.14	14.29% (+0.02)	―	―
Aug 08, 2025	2025 (Q2)	0.07 / 0.15	0.145	3.45% (<+0.01)	―	―
May 09, 2025	2025 (Q1)	0.10 / 0.13	0.115	13.04% (+0.01)	―	―
Feb 27, 2025	2024 (Q4)	0.15 / 0.15	0.11	36.36% (+0.04)	―	―
Nov 08, 2024	2024 (Q3)	- / 0.14	0.092	52.17% (+0.05)	―	―
Aug 12, 2024	2024 (Q2)	- / 0.14	0.11	31.82% (+0.03)	―	―
May 14, 2024	2024 (Q1)	- / 0.12	0.078	47.44% (+0.04)	―	―
Mar 19, 2024	2023 (Q4)	- / 0.11	0.136	-19.12% (-0.03)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

STRW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2026	$12.65	$13.03	+3.00%
Nov 06, 2025	$11.42	$11.52	+0.88%
Aug 08, 2025	$9.79	$10.38	+6.03%
May 09, 2025	$9.63	$9.63	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Strawberry Fields REIT Inc (STRW) report earnings?

Strawberry Fields REIT Inc (STRW) is schdueled to report earning on May 19, 2026, Before Open (Confirmed).

What is Strawberry Fields REIT Inc (STRW) earnings time?

Strawberry Fields REIT Inc (STRW) earnings time is at May 19, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is STRW EPS forecast?

STRW EPS forecast for the fiscal quarter 2026 (Q1) is 0.18.