Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) reported robust third quarter 2025 results, achieving record rental income of $39.7 million and maintaining 100% rent collection. The company also expanded its portfolio through the acquisition of 11 skilled nursing and healthcare facilities across Missouri and Oklahoma for a combined $68.55 million, funded entirely from working capital. These additions are expected to increase annual base rents by approximately $6.6 million, with each facility subject to 3% annual escalations.
For the quarter ended Sept. 30, 2025, funds from operations (FFO) rose to $20.7 million from $15.2 million a year earlier, adjusted FFO (AFFO) grew to $18.1 million from $14.3 million, and net income increased to $8.9 million from $6.9 million. These results underscore the company's continued momentum in its long-term growth strategy, driven by strategic acquisitions and operational efficiency.
The acquisitions align with Strawberry Fields' focus on expanding its footprint in key healthcare markets. The company's portfolio now includes 142 healthcare facilities with an aggregate of over 15,500 beds, located in Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas. The facilities comprise 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
The strong quarterly performance reflects the resilience of the healthcare real estate sector and Strawberry Fields' ability to generate consistent cash flows. The company's 100% rent collection rate highlights the stability of its tenant base and the essential nature of its properties. Investors can access the full press release at https://ibn.fm/CAz62 for more details.
Strawberry Fields REIT is a self-administered real estate investment trust focused on owning, acquiring, developing, and leasing skilled nursing and other healthcare-related properties. The company's disciplined acquisition strategy and focus on high-quality assets have positioned it for sustained growth. For the latest news and updates, visit the company's newsroom at https://ibn.fm/STRW.
The Q3 2025 results demonstrate the company's ability to execute its growth strategy while maintaining strong financial performance. With a diversified portfolio across multiple states and a focus on essential healthcare services, Strawberry Fields is well-positioned to capitalize on demographic trends and increasing demand for senior care and skilled nursing facilities. The record rental income and successful acquisitions in the quarter highlight the company's operational strength and commitment to delivering value to shareholders.
