Streetbeat News

STRW

Strawberry Fields REIT LLC

https://www.strawberryfieldsreit.com

Industry

REIT - Healthcare Facilities

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 79 healthcare properties with an aggregate of 10,426 licensed beds. These properties are located across Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee, and Texas. The company is based in South Bend, Indiana.

Open

10.55

Mkt cap

112M

Volume

59K

High

10.55

P/E Ratio

20.29

52-wk high

12.90

Low

10.28

Div yield

0.04

52-wk low

6.56

Strawberry Fields REIT, Inc. has announced the pricing of its public offering of 3,333,334 shares of common stock, aiming to raise approximately $35 million in gross proceeds. This marks the company's first public offering, intended to support its strategic objectives and increase its public float.

Portfolio Pulse from

December 05, 2024 | 3:15 pm

Strawberry Fields REIT (NYSE:STRW) held its Q3 2024 earnings call, featuring key executives discussing the company's financial performance.

Portfolio Pulse from

November 11, 2024 | 5:00 pm

Strawberry Fields REIT announced its Q3 2024 operating results, highlighting 100% rent collection and declared a $0.14 cash dividend per share.

Portfolio Pulse from

November 08, 2024 | 11:45 am

Strawberry Fields REIT has entered into an $87.5 million purchase agreement to acquire eight healthcare facilities in Missouri. This strategic acquisition is expected to enhance their portfolio and potentially increase revenue streams.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:25 am

Strawberry Fields REIT has completed the acquisition of a skilled nursing and assisted living facility in Tennessee for $6.7 million. This acquisition is expected to increase the company's annual rents by $670,000, with a 3% annual increase.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 10:38 am

Strawberry Fields REIT has completed a $19.25 million acquisition of skilled nursing facilities, increasing its annual rents by $1.925 million. The acquisitions include facilities in Texas and Tennessee, with leases that include annual rent increases.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:32 am

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.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:53 am

Strawberry Fields REIT reported its FY23 revenue at $99.8 million, marking a 7.8% increase year-over-year, although it fell short of the estimated $101.9 million. The company also announced an adjusted Funds From Operations (FFO) of $52.7 million.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:41 am

Colliers Securities analyst Barry Oxford has initiated coverage on Strawberry Fields REIT (AMEX:STRW) with a Buy rating and a price target of $10.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 11:12 am

Strawberry Fields REIT, Inc. (NYSE:STRW) has announced a share repurchase program authorized by its Board of Directors to buy back up to $5 million of its common stock. The company's CEO, Moishe Gubin, expressed that the current share price does not reflect the true value of the shares and emphasized the company's strong balance sheet, cash flow, and commitment to shareholder returns. The repurchases will be made based on market conditions and business outlook, with no set time limit for the program.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:09 pm

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