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Get filing alertsStrawberry Fields REIT reports Q1 FFO up 15% to $0.38/share, signs up to $300M credit facility
Filed May 8, 2026 · Period ending May 8, 2026 · ~1 min read
Key Changes
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Q1 2026 FFO rose 15% to $20.9M ($0.38/share) from $18.3M ($0.33/share) in Q1 2025, with AFFO up 12% to $18.8M ($0.34/share). Rental income grew 7.1% to $40.0M, driven by Texas and Missouri master lease acquisitions.
Exhibit 99.1 view on EDGAR → -
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Signed term sheet for up to $300M Corporate Credit Facility (SOFR +2.75%) comprising $100M term loan and $200M revolver, both with 3-year terms plus two 1-year extensions. Proceeds will refinance secured debt and fund acquisitions; closing expected Q2 2026.
Exhibit 99.1 view on EDGAR → -
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Contracted April 21, 2026 to acquire Kansas City hospital campus (60-bed hospital, 99-bed skilled nursing facility, medical offices) for $8.6M, funded from balance sheet. Property adds to existing Missouri master lease with $860K initial annual rent and 3% escalations.
Exhibit 99.1 view on EDGAR → -
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Net interest expense declined $0.6M (4%) year-over-year due to lower commercial loan payments and higher interest income.
Exhibit 99.1 view on EDGAR →
Summary
Strawberry Fields REIT reported solid Q1 2026 results with FFO per share up 15% year-over-year to $0.38, reflecting growth in its healthcare property portfolio. The company collected 100% of contractual rents and grew rental income 7.1% through acquisitions added to existing master leases in Texas and Missouri. Net income rose to $9.5 million from $7.0 million in the prior-year quarter.
The up to $300 million credit facility term sheet represents a significant financing milestone, providing liquidity to refinance existing secured debt at SOFR plus 2.75% while creating a $200 million revolving line for future acquisitions. The structure—initial 3-year terms with extension options—offers flexibility for the REIT's growth strategy.
The post-quarter Kansas City hospital campus acquisition for $8.6 million demonstrates continued deployment of capital into healthcare real estate, adding diversified assets (acute care, skilled nursing, medical office) to an existing tenant relationship with built-in 3% annual rent escalations. For income-focused investors, the combination of growing FFO, stable rent collection, and expanded acquisition capacity supports the dividend profile.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Strawberry Fields REIT disclosed Q1 2026 financial results via press release and presentation furnished under Regulation FD.
Added in current filing · verify on EDGAR →
On May 8, 2026, the Company issued a press release and a presentation regarding its financial results for the three months ended March 31, 2026.
The company disclosed its first quarter 2026 financial results through a press release and presentation. The 8-K itself does not contain the actual financial figures — those are in the attached exhibits (99.1 and 99.2), which are furnished under Regulation FD and not filed. This means the results are publicly available but not subject to the same liability standards as filed documents.
Event · Exhibit 99.1
Strawberry Fields REIT reported Q1 2026 results with FFO of $0.38/share, signed a $300M credit facility term sheet, and acquired a hospital campus.
Added in current filing · view on EDGAR →
For the quarters ended March 31, 2026, and March 31, 2025:
● FFO was $20.9 million and $18.3 million, respectively.
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FFO per share of $0.38 and $0.33, respectively
● AFFO was $18.8 million and $16.8 million, respectively.
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AFFO per share of $0.34 and $0.30, respectively
● Net income was $9.5 million and $7.0 million, respectively.
● Rental income received was $40.0 million and $37.3 million, respectively.
Strawberry Fields REIT reported Q1 2026 FFO of $20.9 million ($0.38 per share), up from $18.3 million ($0.33 per share) in Q1 2025. AFFO increased to $18.8 million ($0.34 per share) from $16.8 million ($0.30 per share). Net income rose to $9.5 million from $7.0 million, and rental income grew to $40.0 million from $37.3 million. The company collected 100% of contractual rents.
Added in current filing · view on EDGAR →
Rental revenues: The increase in rental revenues of $2.7 million or 7.1%, compared to the March 31, 2025, is primarily due to rental income received from the new acquisitions to the Texas and Missouri master leases.
Rental revenues increased $2.7 million or 7.1% year-over-year, driven by rental income from new acquisitions added to the Texas and Missouri master leases during 2025.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 24, 2026 · How we verify