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. reports news about its self-administered healthcare real estate portfolio, which focuses on skilled nursing facilities and other post-acute healthcare properties. Company updates commonly cover rental revenue, contractual rent collection, master lease activity, property acquisitions, healthcare facility development and leasing, and portfolio composition across skilled nursing, assisted living and long-term acute care assets.
Recurring announcements also include common stock cash dividends, quarterly and annual operating results, earnings calls, investor presentations, financing arrangements and annual stockholder meeting matters. The company’s news generally reflects the economics of a healthcare REIT that owns facilities and leases them to operators under long-term real estate arrangements.
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Strawberry Fields REIT (NYSE AMERICAN:STRW) reported strong financial results for the year ending December 31, 2022. Key highlights include Funds From Operations (FFO) of $45.0 million, a significant increase from $32.1 million in 2021. Adjusted FFO rose to $51.1 million from $43.9 million. Net income surged to $16.4 million, compared to $8.4 million in the previous year. Rental income also increased to $82.2 million. The company acquired a skilled nursing facility in January 2023 for $6.0 million. A cash dividend of $0.11 per share was declared, payable on March 31, 2023. The stock began trading on the NYSE American exchange on February 22, 2023.
Strawberry Fields REIT (OTCQX:STRW) announced its upcoming transition to trade on the New York Stock Exchange American (NYSE American) starting February 22, 2023. This shift marks a significant milestone as the company aims for enhanced market presence after operating on the OTCQX since September 2022. Founded in 2004, Strawberry Fields REIT has grown its portfolio to 86 skilled nursing and assisted living facilities across nine states, demonstrating a commitment to careful expansion. The leadership emphasizes this achievement as a testament to their hard work and dedication to meet the needs of a growing U.S. population.
Strawberry Fields REIT (OTCQX:STRW) announced the acquisition of a skilled nursing facility in Jackson, Kentucky, expanding its footprint in the Midwest and South. The Landmark of Breathitt County Rehabilitation & Nursing Center, a 120-bed facility, is the only skilled nursing property in Breathitt County and was recently renovated in 2021. This acquisition is part of Strawberry Fields' strategy to enhance quality access to skilled nursing services. CEO Moishe Gubin highlighted confidence in the management capabilities of its tenant, A&M Healthcare Investments, further strengthening their partnership.
Strawberry Fields REIT, Inc. (OTCQX: STRW) announced a cash dividend of $0.10 per share, payable on December 20, 2022 to stockholders on record as of December 2, 2022. This dividend aims to meet the REIT distribution requirement for 2022, impacted by foreign currency losses from bond repayment in New Israeli Shekels. For 2023, the Company expects quarterly dividends between $0.10 and $0.15 per share, with guidance dependent on current assumptions and market conditions.
Strawberry Fields REIT (OTCQX: STRW) announced strong operating results for Q3 2022, reporting Funds from Operations (FFO) of $11.24 million, compared to $9.51 million in Q3 2021. Adjusted Funds from Operations (AFFO) also increased to $10.87 million from $10.42 million. The net income rose to $9.25 million versus $2.68 million last year. Total rental income was $21.56 million, an increase from $20.63 million. The company has also successfully re-leased six facilities in Illinois, adding stability to its portfolio.