Every 10-Q that Strawberry Field (STRW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow STRW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STRW filings page.
Strawberry Fields REIT, Inc., a healthcare-focused UPREIT owning and triple-net leasing 133 properties with 15,496 operational beds across 10 U.S. states, reported higher rental revenues and earnings for the three and six months ended June 30, 2026. Rental revenues were 80,033 (amounts in $000s) for the first half of 2026 versus 75,193 in 2025, generating net income of 18,412, of which 4,438 was attributable to common stockholders, or basic and diluted income per share of 0.33.
Total assets were 878,455 and total liabilities 845,822 at June 30, 2026, leaving total equity of 32,633, while accumulated other comprehensive loss widened to 13,824, largely from foreign currency translation. Net cash provided by operating activities was 41,730 (amounts in $000s). The company reshaped its capital structure through a new 100,000 term loan and 200,000 revolving credit facility, issuance of Series C Bonds (Inc) with NIS 162.7 million par and approximately 2.6 million attached warrants, and early redemption of NIS 149.2 million of Series C Bonds (BVI). Future minimum rental revenues under existing leases total 1,007,425 (amounts in $000s), and the company reports compliance with all debt covenants.
Strawberry Fields REIT, Inc. reports Q1 2026 results, with net income attributable to common stockholders of $2.3 million and basic and diluted EPS of $0.17, up from $0.13 a year earlier. Rental revenues were $39.98 million for the quarter, compared with $37.33 million in Q1 2025. As of March 31, 2026, the company held real estate investments, net, of $677.9 million within total assets of $878.6 million, funded by total liabilities of $828.0 million and total equity of $50.6 million. The portfolio comprised 133 healthcare properties with 15,602 operational beds across 10 states, primarily under long-term triple-net leases, generating future minimum rental revenues totaling $1.03 billion. Net cash provided by operating activities was $17.5 million in Q1 2026, while gross bonds, note payable and other debt totaled $791.4 million, with the company stating it was in compliance with all debt covenants.
Strawberry Fields REIT, Inc. reported Q3 2025 results showing continued portfolio expansion and higher rental income. Q3 rental revenues were $39,711 (amounts in $000s), up from $29,464 a year ago, with nine‑month rental revenues at $114,904. Q3 income from operations was $22,471 and net income attributable to common stockholders was $2,017, or $0.16 per share.
The portfolio grew to 132 properties across 10 states, supported by acquisitions in Kansas, Oklahoma, Texas and Missouri and a new Kentucky master lease. Real estate investments, net, rose to $693,360 from $609,058, and future minimum rental revenues total $1,037,799. Operating cash flow for the first nine months increased to $69,476. On the balance sheet, bonds (net) were $309,471, senior debt was $420,648, and a $44,765 note payable was added; cash and cash equivalents were $19,805 and restricted cash was $36,142. Shares outstanding were 13,120,095 as of November 6, 2025.
Strawberry Fields REIT (STRW) Q2 2025 Form 10-Q highlights:
- Portfolio grew to 121 owned healthcare properties (14,752 beds) plus one sub-leased facility after acquiring 6 Kansas SNFs, one Oklahoma SNF and one Texas SNF for $40.5 m cash and creating a new 10-facility Kentucky master lease.
- Six-month rental revenue up 32% YoY to $75.2 m; operating income up 38% to $40.8 m. Higher interest expense (+52% to $25.2 m) from new bond issuances and note payable tempered growth, but net income still rose 20% to $15.7 m. EPS diluted $0.28 vs $0.26 despite share count nearly doubling due to OP-unit conversions.
- YTD operating cash flow more than doubled to $48.8 m, funding most of $40.4 m investing outflow. Cash & restricted cash jumped to $131.4 m (from $93.7 m).
- Balance sheet: assets +14% to $897.3 m; gross debt +18% to $794.1 m after issuing $86.0 m Series B (6.7%) and drawing additional Series A & C bonds, partly offset by $36.6 m senior-debt pay-down. Leverage rise cut total equity to $66.6 m (7.4% of assets) and pushed interest expense ratio higher.
- Note payable of $46.9 m at 10% created for Kentucky lease restructuring; weighted avg debt cost now 6.8% (bonds), 7.7% (bank), 3.3% (HUD).
- Foreign-currency translation loss of $16.7 m (Israeli-shekel bonds) swung OCI negative, reducing accumulated OCI to $(3.4) m.
- Company remains in compliance with all bond and bank covenants (DSCR ≥1.05; debt/EBITDA ≤8).
Key investor takeaways: STRW is scaling rapidly with accretive acquisitions and stronger cash generation, but leverage and FX exposure are rising, equity cushion is thinner, and costlier debt (10% note, 6.7%–7.0% bonds) may pressure coverage if rates stay high.