Welcome to our dedicated page for Strawberry Field news (Ticker: STRW), a resource for investors and traders seeking the latest updates and insights on Strawberry Field stock.
Strawberry Fields REIT, Inc. (NYSE American: STRW) is a self-administered healthcare real estate investment trust focused on skilled nursing and other healthcare-related properties. The news flow around STRW centers on its portfolio of more than 140 healthcare facilities and over 15,000 beds, its acquisition activity, lease structures and financial performance.
On this page, readers can follow company announcements such as quarterly and annual operating results, dividend declarations and participation in investor conferences. Recent releases have detailed rental income trends, Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO), as well as the company’s record of collecting contractual rents under long-term triple-net leases.
Strawberry Fields REIT also issues news on property acquisitions and portfolio expansion. Examples include the purchase of skilled nursing facilities and mixed skilled nursing/assisted living facilities in states like Missouri, Oklahoma and Texas, often added to existing master leases with established tenant groups. These updates describe purchase terms, bed counts, rent levels and how new properties integrate into the company’s master lease framework.
Investors can additionally track capital markets and financing developments, including bond issuances and the use of proceeds to refinance debt, as well as management commentary on payout ratios and growth in AFFO. Conference and webcast announcements provide opportunities to hear management discuss strategy, tenant relationships and the company’s approach to disciplined acquisitions.
By reviewing the STRW news feed regularly, users can monitor how Strawberry Fields REIT’s healthcare real estate portfolio evolves over time, how its leases perform and how management communicates financial results, dividends and acquisition activity.
Strawberry Fields REIT (NYSE American: STRW) has announced its participation in the upcoming 2025 Sequire Investor Summit in Puerto Rico. The event will take place from January 21st-23rd, 2025, at the Condado Vanderbilt Hotel in San Juan.
This prestigious investment conference aims to provide networking and presentation opportunities for funds, companies, and investors. Strawberry Fields REIT will be among the presenting companies, sharing their insights and expertise with summit attendees.
Interested parties can find more information and registration details for the event at the official summit website: https://puertorico.srax.com/
Strawberry Fields REIT (NYSE AMERICAN:STRW) has completed multiple healthcare facility acquisitions totaling $116.5 million across December 2024 and early January 2025. The transactions include:
- Six healthcare facilities in Kansas with 354 licensed beds for $24 million, generating $2.4 million in initial annual rents
- A 100-bed skilled nursing facility in Oklahoma for $5 million, with $0.5 million in initial annual rents
- Eight skilled nursing facilities in Missouri for $87.5 million
All properties are leased on a triple net basis. These acquisitions mark the company's entry into new states, reflecting their strategic expansion with a disciplined investment approach.
Strawberry Fields REIT (NYSE American:STRW) has signed a Purchase and Sale Agreement for six healthcare facilities in Kansas for $24 million. The portfolio includes five skilled nursing facilities and one assisted living facility, totaling 354 licensed beds. The properties will be leased to Advena Living on a triple-net basis for an initial 10-year term with two 5-year extension options. The lease will generate $2.4 million in annual rent with 3% yearly increases. The acquisition will be funded through working capital and is expected to close by year-end 2024, subject to closing conditions.
Strawberry Fields REIT (NYSE AMERICAN:STRW) has completed the acquisition of eight healthcare facilities in Missouri for $87.5 million. The facilities, comprising 1,111 beds, are currently leased to third-party tenants under an existing master lease agreement generating $8.9 million in annual rent on a triple net basis. This marks the company's first entry into Missouri, expanding its geographical footprint with a strong local third-party operator. The company views this as a model acquisition that aligns with their disciplined growth strategy.
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.