Strawberry Fields REIT Earnings Call Transcripts
Fiscal Year 2026
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A healthcare REIT with $1.6B in assets and 143 buildings, primarily skilled nursing facilities, reported strong returns, disciplined growth, and a conservative payout strategy. Diversified funding, robust governance, and high barriers to entry support continued expansion and stable dividends.
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Q1 2026 saw 100% rent collection, 7.1% revenue growth, and a strong $325M acquisition pipeline. Net income rose to $9.4M, with AFFO and EBITDA projected to grow double digits. A $300M credit facility and Israeli bond refinancing will support acquisitions and reduce interest costs.
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Shareholders re-elected directors and ratified the auditor. The company reported strong growth in assets, income, and dividends, with a focus on disciplined acquisitions and refinancing initiatives for 2026. Management highlighted ongoing demographic tailwinds and a conservative payout strategy.
Fiscal Year 2025
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2025 saw record growth in revenue, AFFO, and EBITDA, driven by disciplined acquisitions and 100% rent collection. The portfolio expanded to 143 facilities, dividend increased, and risk remains low due to strong lease structures and diversification.
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Q3 2025 saw strong rent collection, significant acquisitions, and a 14% dividend increase. Revenue and net income rose year-over-year, with a robust acquisition pipeline and disciplined capital allocation supporting continued growth.
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Q2 2025 saw 100% rent collection, strong revenue and AFFO growth, and major acquisitions in Texas, Missouri, and Oklahoma. Leverage remains below 50%, dividend was raised 14%, and the pipeline exceeds $300 million, with Medicaid rate hikes supporting rent coverage.
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Q1 2025 saw strong growth with 100% rent collection, 34% revenue increase, and $40M in acquisitions. AFFO and EBITDA rose sharply, with guidance for continued robust expansion and disciplined capital allocation. Portfolio remains highly diversified and focused on skilled nursing.
Fiscal Year 2024
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Portfolio expanded to 130 facilities across 11 states, driving 17% revenue and 31% net income growth year-over-year. AFFO per share guidance for 2025 is $1.20, with $150 million in acquisitions targeted and leverage expected below 50%.
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Reported strong Q3 2024 results with 100% rent collection, asset growth, and a dividend increase. Year-to-date net income rose 37.8% year-over-year, and 2025 FFO is projected at $75 million, supported by ongoing acquisitions and robust sector fundamentals.