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. (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

Strawberry Fields REIT, Inc. has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed underwritten public offering. The timing, number of shares, and price range for the offering have not yet been determined and will depend on market conditions. The registration statement has not yet been declared effective by the SEC.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:10 pm

Strawberry Fields REIT reported Q2 2023 results with AFFO of $13.4M, up from $13.3M YoY, and rental income of $24.3M, up from $21.8M. FFO was $12.7M and net income was $5.7M.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:24 pm

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