Strawberry Fields REIT to Begin Trading on the New York Stock Exchange American
Strawberry Fields REIT (OTCQX:STRW) announced its upcoming transition to trade on the New York Stock Exchange American (NYSE American) starting February 22, 2023.
Sentiment and the balance of points
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Rhea-AI Summary
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.
Positive
- Transitioning to NYSE American enhances visibility and growth potential.
- Achievement of listing goal set at the company's inception highlights strategic direction.
- Expansion to 86 facilities in nine states indicates robust growth and strong portfolio management.
Negative
- None.
Details
News Market Reaction – STRW
The recorded move for STRW in the trading session of this news was +3.23%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SOUTH BEND, IN / ACCESSWIRE / February 16, 2023 / (OTCQX:STRW) - Strawberry Fields REIT (the "Company"), owner/lessor of skilled nursing facilities, assisted living facilities and long-term acute care hospitals, throughout the Midwest and Southern U.S., announced today it will officially begin trading on the New York Stock Exchange American ("NYSE American") on Wednesday, February 22, 2023. The Company will continue to trade under the symbol of "STRW".
The Company started trading on the OTCQX Marketplace in September 2022, a goal that was set at the Company's inception. "My partners and I aspired to be listed on a national exchange when we laid the groundwork for the Company. We have invested significant time and energy to build our company and attribute our dedication and hard work to reaching this milestone," noted Company Chairman & CEO Moishe Gubin.
The Company's genesis began in 2004, with its predecessors spending a decade assembling a portfolio of 33 skilled nursing facilities in Indiana and Illinois. The expansion continued, with growth in asset classes, regional footprint, and number of locations. Today, the Company has 86 facilities in nine states. Adhering to its investment guidelines, the Company anticipates having continued, controlled growth in its current regions, and expansion to new states.
"Beginning to trade on the OTCQX was the perfect way to enter the public markets. We are thrilled to move trading to the NYSE American and are confident it will serve to enhance our ability to grow our portfolio in service to a maturing U.S. population. We would like to thank the OTCQX for providing us entry to the public markets, and to the NYSE American for inviting us to up-list on their exchange," added Gubin.
Strawberry Fields REIT currently owns and leases properties in Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee, and Texas.
Media Contact
Pam Flores
pamflo@ameritech.net
773/218-9260
SOURCE: Strawberry Fields REIT
View source version on accesswire.com:
https://www.accesswire.com/739752/Strawberry-Fields-REIT-to-Begin-Trading-on-the-New-York-Stock-Exchange-American
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