Strawberry Fields REIT Reported Q2 Rental Revenues Of $5.0M, Adj FFO Of $14.3M
Portfolio Pulse from Benzinga Newsdesk
Strawberry Fields REIT reported Q2 rental revenues of $5.0M, a 20.4% increase due to additional property purchases, lease escalations, and renewals. FFO was $15.2M, AFFO was $14.3M, and net income was $7.0M.
August 12, 2024 | 10:53 am
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Strawberry Fields REIT reported strong Q2 results with a 20.4% increase in rental revenues to $5.0M, driven by additional property purchases, lease escalations, and renewals. FFO and AFFO also showed significant growth.
The significant increase in rental revenues and positive growth in FFO and AFFO indicate strong financial performance, likely leading to a positive short-term impact on STRW's stock price.
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IMPORTANCE 80
RELEVANCE 100