Strawberry Fields REIT Inc (STRW)
XASE:STRW
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Strawberry Fields REIT Inc
(NYSE MKT:STRW)
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Rating:66Neutral
Price Target:
$14.50
▲(13.19% Upside)
Action:ReiteratedDate:04/15/26
The score is driven primarily by solid operating performance and cash generation, but capped by balance-sheet leverage and thin equity. Technicals are constructive but somewhat stretched, valuation is mixed (good yield, mid-range P/E), and the latest call was broadly positive on growth and execution while acknowledging leverage and refinancing-related risks.
Positive Factors
Cash generation / FCF
Consistently positive operating and free cash flow (OCF ~ $90M in 2025) supports durable internal funding for dividends, accretive acquisitions and debt paydown. Reliable cash conversion reduces dependency on equity issuance and underpins strategic optionality over the next several quarters.
Negative Factors
Extreme leverage / thin equity
An unusually thin equity base and very high leverage (debt/equity extreme; net debt/EBITDA ~5.7x) materially constrain balance-sheet flexibility. This amplifies refinancing risk and exposes returns to rate shifts and valuation swings, limiting durable capital maneuverability.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation / FCF
Consistently positive operating and free cash flow (OCF ~ $90M in 2025) supports durable internal funding for dividends, accretive acquisitions and debt paydown. Reliable cash conversion reduces dependency on equity issuance and underpins strategic optionality over the next several quarters.
Read all positive factors
Strawberry Fields REIT Inc (STRW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$165.74M
Dividend Yield4.62%
Average Volume (3M)25.96K
Price to Earnings (P/E)21.5
Beta (1Y)0.39
Revenue Growth32.41%
EPS Growth3.43%
CountryUS
Employees9
SectorReal Estate
Sector Strength53
IndustryREIT - Healthcare Facilities
Share Statistics
EPS (TTM)0.15
Shares Outstanding13,398,307
10 Day Avg. Volume19,475
30 Day Avg. Volume25,963
Financial Highlights & Ratios
PEG Ratio4.17
Price to Book (P/B)13.74
Price to Sales (P/S)1.07
P/FCF Ratio1.85
Enterprise Value/Market Cap5.59
Enterprise Value/Revenue5.97
Enterprise Value/Gross Profit8.89
Enterprise Value/Ebitda7.11
Forecast
1Y Price Target
$14.70Price Target Upside14.75% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.67
Revenue Forecast (FY)$164.90M
Strawberry Fields REIT Inc Business Overview & Revenue Model
Company Description
Strawberry Fields REIT LLC, a self-managed and self-administered real estate investment trust, engages in the acquisition, ownership, and leasing of skilled nursing facilities and other post-acute healthcare properties. Its portfolio consists of 7...
How the Company Makes Money
STRW makes money primarily by collecting rental income from healthcare operators that lease its properties. Its core revenue stream is contractual rent under long-term leases (often structured as triple-net leases in healthcare REIT models, where ...
Strawberry Fields REIT Inc Earnings Call Summary
Earnings Call Date:Feb 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Positive
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.Positive Updates
100% Contractual Rent Collected
Collected 100% of contractual rent throughout 2025, demonstrating strong tenant cash collection and resilience of the master-lease model.
Negative Updates
Rising Depreciation, Amortization and Interest Expense
Income growth was materially offset by higher depreciation, amortization and interest expense tied to recent property acquisitions and increased debt balances, limiting net income upside.
Read all updates
Q4-2025 Updates
Positive
Negative
100% Contractual Rent Collected
Collected 100% of contractual rent throughout 2025, demonstrating strong tenant cash collection and resilience of the master-lease model.
Read all positive updates
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.Strawberry Fields REIT Inc Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
24
Negative
Cash Flow
77
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 155.00M | 117.06M | 99.81M | 92.54M | 87.03M |
| Gross Profit | 46.65M | 101.84M | 84.79M | 78.88M | 75.67M |
| EBITDA | 130.51M | 94.34M | 75.20M | 66.42M | 57.56M |
| Net Income | 7.58M | 4.09M | 2.50M | 1.85M | 5.34M |
Balance Sheet | |||||
| Total Assets | 885.23M | 787.59M | 616.79M | 547.00M | 569.96M |
| Cash, Cash Equivalents and Short-Term Investments | 31.81M | 48.37M | 12.17M | 20.20M | 26.21M |
| Total Debt | 792.20M | 671.74M | 537.99M | 457.25M | 503.86M |
| Total Liabilities | 834.70M | 704.02M | 569.52M | 497.62M | 534.91M |
| Stockholders Equity | 12.11M | 18.17M | 7.51M | 7.79M | 2.27M |
Cash Flow | |||||
| Free Cash Flow | 90.04M | 35.33M | 54.94M | 50.93M | 44.79M |
| Operating Cash Flow | 90.04M | 59.33M | 54.94M | 50.93M | 44.79M |
| Investing Cash Flow | -111.87M | -136.78M | -106.35M | -10.10M | -58.29M |
| Financing Cash Flow | -5.06M | 133.34M | 43.46M | -47.25M | 23.57M |
Strawberry Fields REIT Inc Technical Analysis
Positive
12.81
Price Trends
12.59
Positive
12.72
Positive
11.88
Positive
Market Momentum
0.12
Negative
52.27
Neutral
47.10
Neutral
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 above the 20-day moving average (MA) of 12.55, above the 50-day MA of 12.59, and above the 200-day MA of 11.88, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 52.27 is Neutral, neither overbought nor oversold. The STOCH value of 47.10 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $1.68B | 38.71 | 2.44% | 6.98% | 5.62% | -20.89% | |
66 Neutral | $165.74M | 21.52 | 49.30% | 4.62% | 32.41% | 3.43% | |
66 Neutral | $492.01M | 86.44 | 1.16% | 12.08% | 4.67% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $564.70M | 27.89 | 11.44% | 7.51% | 0.77% | -4.74% | |
54 Neutral | $1.83B | -4.08 | -15.98% | 0.80% | 2.84% | 23.04% |
* Real Estate Sector Average
STRW
Strawberry Fields REIT Inc
13.16
2.80
27.06%
DHC
Diversified Healthcare Trust
7.84
5.59
248.29%
CHCT
Community Healthcare
17.61
2.53
16.81%
UHT
Universal Health Realty Income
40.56
4.08
11.20%
SILA
Sila Realty Trust, Inc.
30.43
5.97
24.41%
Strawberry Fields REIT Inc Corporate Events
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...
DividendsShareholder Meetings
Strawberry Fields REIT Declares Q1 2026 Cash Dividend
Positive
Feb 26, 2026
On February 26, 2026, Strawberry Fields REIT, Inc. declared a Q1 2026 cash dividend of $0.16 per common share, payable on March 31, 2026 to stockholders of record as of March 17, 2026, reinforcing its pattern of returning capital to shareholders. ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Strawberry Fields REIT Announces Strong 2025 Operating Results
Positive
Feb 19, 2026
On February 19, 2026, Strawberry Fields REIT reported its operating results for the year ended December 31, 2025, highlighting 100% collection of contractual rents and significant portfolio expansion through multiple acquisitions and a new Kentuck...
Executive/Board Changes
Strawberry Fields REIT boosts CEO compensation and equity
Neutral
Jan 30, 2026
Effective January 29, 2026, Strawberry Fields REIT Inc. and its operating partnership, Strawberry Fields Realty LP, granted Chairman and CEO Moishe Gubin 114,504 limited partnership units in the operating partnership in connection with a significa...
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.