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Strawberry Fields REIT Inc
(NYSE MKT:STRW)
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Rating:65Neutral
Price Target:
$14.50
▲(13.19% Upside)
Action:Reiterated
Date:06/22/26
Overall score reflects solid profitability/cash generation but materially held back by balance-sheet leverage and refinancing sensitivity. Supportive technical trend and attractive valuation/dividend improve the outlook, while earnings-call guidance is positive but tempered by rate/expense headwinds and near-term maturity execution risk.
Positive Factors
Stable cash generation
Consistent positive operating cash flow and historically strong free cash flow provide a durable basis for dividend coverage, capital expenditures and accretive acquisitions. Over 2–6 months this supports distributions and reduces dependency on immediate equity raises when paired with available credit.
Negative Factors
Very high leverage
Elevated debt relative to equity materially constrains financial flexibility and magnifies downside risk from higher rates or weaker cash flows. For a leveraged REIT, this persistent capital structure risk increases refinancing costs and raises the probability of covenant pressure under stress scenarios.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable cash generation
Consistent positive operating cash flow and historically strong free cash flow provide a durable basis for dividend coverage, capital expenditures and accretive acquisitions. Over 2–6 months this supports distributions and reduces dependency on immediate equity raises when paired with available credit.
Read all positive factors
Strawberry Fields REIT Inc (STRW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$184.88M
Dividend Yield4.62%
Average Volume (3M)21.63K
Price to Earnings (P/E)21.5
Beta (1Y)0.38
Revenue Growth24.57%
EPS Growth7.81%
CountryUS
Employees9
SectorReal Estate
Sector Strength53
IndustryREIT - Healthcare Facilities
Share Statistics
EPS (TTM)0.64
Shares Outstanding13,426,610
10 Day Avg. Volume24,914
30 Day Avg. Volume21,631
Financial Highlights & Ratios
PEG Ratio4.15
Price to Book (P/B)13.74
Price to Sales (P/S)1.07
P/FCF Ratio1.85
Enterprise Value/Market Cap5.02
Enterprise Value/Revenue5.89
Enterprise Value/Gross Profit11.10
Enterprise Value/Ebitda6.98
Forecast
1Y Price Target
$15.10Price Target Upside17.88% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.68
Revenue Forecast (FY)$163.11M
Strawberry Fields REIT Inc Business Overview & Revenue Model
Company Description
Strawberry Fields REIT, Inc., is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company’s portfolio includes 1...
How the Company Makes Money
STRW primarily makes money by acquiring healthcare real estate and generating rental income from leasing those properties to facility operators. Its core revenue stream is contractual rent collected under long-term leases, often structured as trip...
Strawberry Fields REIT Inc Earnings Call Summary
Earnings Call Date:May 08, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 18, 2026
Earnings Call Sentiment Positive
The call highlighted several clear operational and financial strengths — 100% rent collection, revenue and net income growth, strong projected AFFO/EBITDA CAGR, an expanded $325M+ acquisition pipeline, a negotiated $300M credit facility term sheet, and a post-quarter accretive acquisition — while also acknowledging near-term headwinds including higher interest and G&A costs, equity pressure from foreign currency translation, sizable refinancing needs (maturities) and competitive pressures that delayed Q1 deal closings. On balance, management presented a constructive plan for refinancing, liquidity (line of credit + Israeli bond activity), and execution on acquisitions, with more positives than negatives.Positive Updates
Full Rent Collection
Collected 100% of contractual rents during Q1 2026 and continued full collection as reiterated through the call.
Negative Updates
No Closed Transactions in Q1 and Competitive Pressure
No deals closed during Q1; management lost several opportunities to larger REITs (Welltower, CareTrust) and experienced competitive outbidding on brokered processes, slowing portfolio growth.
Read all updates
Q1-2026 Updates
Positive
Negative
Full Rent Collection
Collected 100% of contractual rents during Q1 2026 and continued full collection as reiterated through the call.
Read all positive updates
Company Guidance
Management guided to a Q2 2026 dividend of $0.17 per share (payable June 30; record June 16) and reiterated 2026 projected AFFO of $75.4 million (11.4% CAGR) with AFFO per share growth of 10.7% and adjusted EBITDA of $128.1 million (13.5% CAGR); they highlighted a yield on leases of 14.2%, a net debt to net asset ratio of 49%, an AFFO payout of ~47% (Q1 dividend was $0.16, ~5.4% yield at 3/31/26), and continued 100% rent collection. Guidance also noted a >$325 million pipeline with a $100–$150 million 2026 acquisition target, a signed $300 million credit facility term sheet ($100M term/$200M revolver, initial 3-year terms + two 1-year extensions at SOFR+275) expected to close in Q2, recent $8.6M hospital-campus purchase (initial base rent $0.86M/year, 3% escalators), portfolio metrics (143 facilities, 131 SNFs/91.5%, 15,602 beds, $1.1B acquisition value, WALT 7.1 years, rent coverage 2.1x, net debt/EBITDA 5.6) and roughly $40M retained cash flow supporting ~$140–$150M of available buying power.Strawberry Fields REIT Inc Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
28
Negative
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 157.65M | 155.00M | 117.06M | 99.81M | 92.54M | 87.03M |
| Gross Profit | 83.72M | 46.65M | 101.84M | 84.79M | 78.88M | 75.67M |
| EBITDA | 133.02M | 130.51M | 94.34M | 75.20M | 66.42M | 57.56M |
| Net Income | 22.66M | 7.58M | 4.09M | 2.50M | 1.85M | 5.34M |
Balance Sheet | ||||||
| Total Assets | 878.63M | 885.23M | 787.59M | 616.79M | 547.00M | 569.96M |
| Cash, Cash Equivalents and Short-Term Investments | 36.55M | 31.81M | 48.37M | 12.17M | 20.20M | 26.21M |
| Total Debt | 788.73M | 791.35M | 671.74M | 537.99M | 457.25M | 503.86M |
| Total Liabilities | 828.00M | 834.70M | 704.02M | 569.52M | 497.62M | 534.91M |
| Stockholders Equity | 12.23M | 12.11M | 18.17M | 7.51M | 7.79M | 2.27M |
Cash Flow | ||||||
| Free Cash Flow | 88.56M | 90.04M | 35.33M | 54.94M | 50.93M | 44.79M |
| Operating Cash Flow | 88.56M | 90.04M | 59.33M | 54.94M | 50.93M | 44.79M |
| Investing Cash Flow | -83.27M | -111.87M | -136.78M | -106.35M | -10.10M | -58.29M |
| Financing Cash Flow | -6.73M | -5.06M | 133.34M | 43.46M | -47.25M | 23.57M |
Strawberry Fields REIT Inc Technical Analysis
Positive
12.81
Price Trends
12.94
Positive
12.67
Positive
12.38
Positive
Market Momentum
0.23
Negative
64.90
Neutral
86.77
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For STRW, the sentiment is Positive. The current price of 12.81 is below the 20-day moving average (MA) of 13.28, below the 50-day MA of 12.94, and above the 200-day MA of 12.38, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 64.90 is Neutral, neither overbought nor oversold. The STOCH value of 86.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for STRW.
Strawberry Fields REIT Inc Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $1.68B | 44.00 | 2.81% | 6.98% | 9.37% | 6.95% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $184.88M | 21.52 | 167.61% | 4.62% | 24.57% | 7.81% | |
62 Neutral | $523.15M | 162.04 | 1.41% | 12.08% | 5.24% | ― | |
60 Neutral | $2.23B | -6.95 | -18.75% | 0.80% | 0.39% | -8.95% | |
57 Neutral | $635.78M | 35.25 | 11.44% | 7.51% | 0.77% | -4.74% |
* Real Estate Sector Average
STRW
Strawberry Fields REIT Inc
13.77
4.29
45.28%
DHC
Diversified Healthcare Trust
9.23
5.71
162.22%
CHCT
Community Healthcare
18.31
3.44
23.10%
UHT
Universal Health Realty Income
45.82
7.86
20.70%
SILA
Sila Realty Trust, Inc.
30.36
7.88
35.02%
Strawberry Fields REIT Inc Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Strawberry Fields REIT Secures $300 Million Credit Facility
Positive
Jun 22, 2026
On June 18, 2026, Strawberry Fields REIT, Inc., through Strawberry Fields Realty LP, closed a new corporate credit facility of up to $300 million, consisting of a $100 million term loan and a $200 million revolving credit line with Popular Bank. B...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Strawberry Fields REIT Completes Israeli Bond and Warrant Offering
Positive
May 20, 2026
On May 19, 2026, Strawberry Fields REIT Inc. completed an Israeli-only offering of units comprising Series C bonds and Series 1 warrants, raising approximately $56 million, with neither instrument listed on any U.S. market and the offer structured...
Dividends
Strawberry Fields REIT Declares Quarterly Cash Dividend
Positive
May 8, 2026
On May 7, 2026, the board of Strawberry Fields REIT, Inc. declared a cash dividend of $0.17 per common share, underscoring its continued distribution policy to shareholders. The dividend, payable on June 30, 2026 to stockholders of record as of Ju...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Strawberry Fields REIT Reports Strong First-Quarter 2026 Results
Positive
May 8, 2026
Strawberry Fields REIT reported first-quarter 2026 results on May 8, 2026, highlighting 100% rent collection, a 7.1% rise in rental revenues to $40.0 million and higher profitability, with FFO climbing to $20.9 million, AFFO to $18.8 million and n...
Executive/Board ChangesShareholder Meetings
Strawberry Fields REIT Holds 2026 Annual Shareholder Meeting
Positive
May 7, 2026
Strawberry Fields REIT, Inc. held its 2026 annual meeting of shareholders on May 7, 2026, with 10,827,080 shares represented, or 80.81% of the 13,398,307 outstanding shares eligible to vote, indicating strong shareholder participation in the compa...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Strawberry Fields REIT Updates ATM Agreement and Disclosures
Negative
Apr 15, 2026
On April 14, 2026, Strawberry Fields REIT Inc. amended its at-the-market equity offering agreement, adding Cantor Fitzgerald Co. as an agent and removing Wedbush Securities Inc., and simultaneously updated its prospectus filings with the SEC. The...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.