Strawberry Fields REIT Q2 Earnings Call Highlights

Strawberry Fields REIT (NYSEAMERICAN:STRW) reported afloat contractual rent postulation during the 2nd 4th of 2026, portion absorption said its acquisition pipeline has begun to amended pursuing a slower and much volatile woody situation earlier successful the year.

Chief Investment Officer Jeff Bajtner said the healthcare existent property concern spot collected 100% of contractual rents during the quarter. The company's portfolio included 142 facilities crossed 10 states, with 15,496 licensed beds and annualized basal rent of astir $143 million. Management estimated the portfolio's worth astatine much than $1.4 cardinal utilizing a 10% capitalization rate.

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The company's tenants generated EBITDA-to-rent sum of 2.17x arsenic of May 31, according to Bajtner, portion the portfolio's remaining mean lease word was 6.9 years. Strawberry Fields said astir 91.5% of its portfolio consists of skilled nursing facilities.

Financial Results and Dividend

For the six months ended successful July 2026, Strawberry Fields reported gross of $80 million, up $4.8 million, oregon 6.4%, from the comparable 2025 period. Chief Financial Officer Greg Flamion said the gross summation was driven by the timing and integration of properties acquired successful 2025.

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Year-to-date nett income accrued to $18.4 million, oregon $0.33 per share, from $15.7 million, oregon $0.29 per share, successful the prior-year period. Higher depreciation associated with acquired properties, arsenic good arsenic accrued wide and administrative costs, partially offset gross growth.

Second-quarter gross totaled $40 million, up $2.2 cardinal from the 2nd 4th of 2025. Quarterly nett income was $8.9 million, marginally supra the prior-year quarter, Flamion said.