Strawberry Field Stock Price, News & Analysis

Strawberry Fields REIT (NYSE AMERICAN:STRW) has priced an underwritten public offering of 3,333,334 shares of common stock, expecting to raise approximately $35 million in gross proceeds. The offering is set to close on December 6, 2024, with underwriters having a 30-day option to purchase up to an additional 500,000 shares.

The company plans to contribute most net proceeds to Strawberry Fields Realty, LP, its operating partnership, to finance new investments. A portion will be used to pay down existing debt and for general corporate purposes. The offering is led by Janney Montgomery Scott as lead book-running manager, with Lake Street Capital Markets, Wedbush Securities, and Compass Point Research & Trading as joint book-running managers.

Strawberry Fields REIT (NYSE American:STRW) has announced the launch of an underwritten public offering of its common stock. The company will grant underwriters a 30-day option to purchase up to an additional 15% of offered shares. Net proceeds will be contributed to Strawberry Fields Realty, LP, to finance new investments, reduce existing debt, and for general corporate purposes. Janney Montgomery Scott leads as book-running manager, with Lake Street Capital Markets, Wedbush Securities, and Compass Point Research & Trading as joint book-running managers, and Colliers Securities as co-manager.

Strawberry Fields REIT (NYSE:STRW) reported Q3 2024 results with notable growth across key metrics. The company achieved 100% rent collection and completed strategic acquisitions, including two skilled nursing facilities near San Antonio for $15.25M and a combined skilled nursing/assisted living facility near Nashville for $6.7M. Financial highlights include Q3 2024 FFO of $15.2M (vs $12.0M in Q3 2023), AFFO of $14.3M (vs $11.5M), and net income of $6.9M (vs $4.7M). Rental income increased to $29.5M (vs $25.8M). The company declared a $0.14 per share dividend payable December 30, 2024.

Strawberry Fields REIT (NYSE AMERICAN:STRW) has scheduled its third quarter 2024 earnings release for November 11, 2024, before market opening. The company will host a conference call and webcast at 9:00 a.m. Eastern Time on the same day to discuss the results. U.S. participants can join via phone using the dial-in number 888-506-0062 with conference ID 542004. A webcast will be available, and a digital replay will be accessible on the company's website.

Strawberry Fields REIT (NYSE American: STRW) has announced its participation in the 17th annual LD Micro Main Event on October 30th, 2024, at 10:00 AM PT. The event will take place at the Luxe Sunset Boulevard Hotel in Los Angeles. Moishe Gubin, Chairman & CEO, and Jeffrey Bajtner, Chief Investment Officer, will represent the company.

The LD Micro Main Event XVII, running from October 28th to 30th, is a significant gathering for small and micro-cap companies. It will feature around 150 companies presenting in half-hour increments and attending private meetings with investors. Strawberry Fields REIT invites individual and institutional investors, advisors, and analysts to attend either in person or online.

Moishe Gubin expressed enthusiasm about reconnecting with existing investors and meeting new ones, following the company's positive experience at the LD Micro Inaugural NYC Event earlier this year. The event aims to provide a platform for companies to grow their investor base and lay the groundwork for future opportunities in the small and micro-cap sector.

Strawberry Fields REIT (NYSE AMERICAN:STRW) has entered into a Purchase and Sale Agreement for eight healthcare facilities in Missouri on October 8, 2024. The acquisition, valued at $87,500,000, is expected to close before year-end, subject to conditions. The facilities, comprising 1,111 licensed beds, are currently leased to third-party tenants under a master lease agreement on a triple net basis.

The company plans to finance the purchase using its current working capital and funds from a third-party lender. While Strawberry Fields REIT anticipates closing the deal by year-end, they caution that there's no assurance of the closing occurring within this timeframe or at all, as the acquisition is subject to substantial closing conditions.

Strawberry Fields REIT (NYSE AMERICAN:STRW) has announced the completion of a $6.7 million acquisition of a healthcare facility in Gainesboro, Tennessee. The property includes an 83-bed Skilled Nursing Facility and a 28-room Assisted Living Facility. This acquisition has been incorporated into an existing Infinity of Tennessee Master Lease and is expected to increase the Company's annual rents by $670,000, with a 3% annual increase provision. This marks Strawberry Fields REIT's 15th facility in Tennessee, further expanding its presence in the state's healthcare real estate market.

Strawberry Fields REIT (NYSE AMERICAN:STRW) has completed two separate acquisitions of four Skilled Nursing Facilities (SNFs) for a total of $19.25 million. The first acquisition, valued at $15.25 million, includes two SNFs in Texas with a combined 254 beds. These facilities will be leased to the Tide Group for an initial 10-year period, increasing the Company's annual rents by $1.525 million. The second acquisition, worth $4 million, comprises two SNFs in Tennessee with a total of 248 beds. This acquisition will increase annual rents by $400,000. Both leases are subject to 3% annual increases.

CEO Moishe Gubin expressed enthusiasm for the acquisitions, highlighting the company's growth in Tennessee and Texas. The transactions are expected to contribute positively to Strawberry Fields REIT's portfolio and rental income.

Strawberry Fields REIT (NYSE American: STRW) reported strong Q2 2024 results. Highlights include:

- 100% rent collection
- Renewed Indiana Master lease for 10 years with $15.5M base rent
- Completed dual listing on Tel Aviv Stock Exchange
- Acquired a 78-bed facility in Indiana for $5.85M
- Added to Russell 3000 Index

Financial results for Q2 2024 vs Q2 2023:
- FFO: $15.2M vs $12.7M
- AFFO: $14.3M vs $13.4M
- Net income: $7.0M vs $5.7M
- Rental income: $29.2M vs $21.8M

The company declared a $0.13 per share cash dividend payable on September 30, 2024.