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Get filing alertsStrawberry Fields REIT closes up to $300M credit facility, reports flat Q2 FFO at $0.36/share
Filed August 6, 2026 · Period ending August 6, 2026 · ~1 min read
Key Changes
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high
Closed up to $300M credit facility ($100M term loan, $200M revolver) at SOFR+2.75% with 3-year terms and extension options; refinanced existing debt with remainder for acquisitions.
Exhibit 99.1 view on EDGAR → -
high
Q2 FFO flat at $20.1M ($0.36/share) vs. prior year; AFFO declined to $18.1M ($0.32/share) from $18.9M ($0.34/share); rental income rose to $40.0M from $37.9M with 100% rent collection.
Exhibit 99.1 view on EDGAR → -
medium
Contracted to acquire Kansas City hospital campus (60-bed hospital, 99-bed SNF, MOBs) for $10.4M; adds to existing Missouri master lease at $1.04M annual rent with 3% escalators; Q3 2026 close expected.
Exhibit 99.1 view on EDGAR → -
medium
G&A expenses jumped $1.3M (62%) in Q2 due to credit facility closing costs and higher compensation; six-month G&A up $1.7M (42%) including professional fees.
Exhibit 99.1 view on EDGAR →
Summary
Strawberry Fields REIT reported Q2 2026 results alongside two capital events: closing a up to $300 million credit facility and contracting a $10.4 million hospital campus acquisition. FFO held steady at $0.36 per share year-over-year, but AFFO per share slipped to $0.32 from $0.34, reflecting the 62% spike in G&A expenses tied to the credit facility closing costs and higher compensation. Rental income grew 5.5% to $40.0 million with full rent collection, and six-month FFO and AFFO both improved year-over-year.
The new credit facility refinanced existing secured debt and provides $200 million of revolver capacity for acquisitions at SOFR+2.75%. The Kansas City hospital campus deal—expected to close in Q3—will add $1.04 million in annual rent to an existing Missouri master lease with 3% annual escalators. The REIT is deploying its expanded credit capacity into accretive healthcare real estate while maintaining operational stability, though the AFFO compression and elevated G&A warrant attention as the company scales.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Strawberry Fields REIT disclosed Q2 2026 financial results via press release and presentation.
Added in current filing · verify on EDGAR →
On August 6, 2026, the Company issued a press release and a presentation regarding its financial results for the three months ended June 30, 2026.
The company disclosed its financial results for the second quarter of 2026 through a press release and presentation. The 8-K body itself does not contain the actual financial figures; those appear in the attached exhibits (99.1 and 99.2), which are furnished under Regulation FD rather than filed.
Event · Exhibit 99.1
Strawberry Fields REIT reported Q2 2026 results, closed a up to $300M credit facility, and announced a $10.4M hospital campus acquisition.
Added in current filing · view on EDGAR → · paraphrased
For the quarters ended June 30, 2026, and June 30, 2025: FFO was $20.1 million and $20.0 million, respectively. FFO per share of $0.36 and $0.36, respectively AFFO was $18.1 million and $18.9 million, respectively. AFFO per share of $0.32 and $0.34, respectively. Net income was $8.9 million and $8.7 million, respectively. Rental income received was $40.0 million and $37.9 million, respectively.
For Q2 2026, the company reported FFO of $20.1 million ($0.36 per share), flat year-over-year, and AFFO of $18.1 million ($0.32 per share), down from $18.9 million ($0.34 per share) in Q2 2025. Net income rose to $8.9 million from $8.7 million, and rental income increased to $40.0 million from $37.9 million. The company collected 100% of contractual rents.
Added in current filing · view on EDGAR → · paraphrased
For the six months ended June 30, 2026, and June 30, 2025: FFO was $41.0 million and $38.2 million, respectively. FFO per share of $0.74 and $0.69, respectively AFFO was $36.9 million and $35.2 million, respectively. AFFO per share of $0.66 and $0.64, respectively. Net income was $18.4 million and $15.7 million, respectively. Rental income received was $80.0 million and $75.2 million, respectively.
For the six months ended June 30, 2026, FFO was $41.0 million ($0.74 per share), up from $38.2 million ($0.69 per share) in the prior year. AFFO was $36.9 million ($0.66 per share), up from $35.2 million ($0.64 per share). Net income rose to $18.4 million from $15.7 million, and rental income increased to $80.0 million from $75.2 million.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 7, 2026 · How we verify