The credit facility and announced acquisition signal an active deployment pipeline, but near-term AFFO per share has softened slightly. Monitor Q3 2026 for acquisition closing and any impact on AFFO. Given the lack of guidance and flat-to-declining cash flow metrics, the stock is likely to trade on incremental acquisition news rather than the quarter's results.
Price Chart
Executive Summary
Strawberry Fields REIT reported Q2 2026 results with rental income growing 6% YoY to $40.0M, net income rising to $8.9M, and AFFO per share of $0.32 vs $0.34 in Q2 2025. The key strategic event was the closing of a $300M Corporate Credit Facility, enhancing liquidity for acquisitions. No guidance was provided.
Key Financial Metrics
Key Facts
- Rental income $40.0M, up 6% YoY
- AFFO per share $0.32 vs $0.34 in Q2 2025
- Net income $8.9M vs $8.7M in Q2 2025
- Closed $300M Corporate Credit Facility ($100M term loan + $200M revolving line) at SOFR+2.75%
- Contract signed for $10.4M hospital campus acquisition with $1.04M annual rent, expected close Q3 2026
- 100% of contractual rents collected
- FFO per share $0.36 (flat YoY)
Financial Impact
Rental revenue grew ~$2.2M (6%), net income increased $0.2M. AFFO declined ~$0.8M ($0.02 per share). No guidance was provided, so future impact hinges on acquisition pipeline funded by the new credit facility.
Risk Factors
- AFFO per share declined 5.9% YoY, which may concern income-focused investors
- General and administrative expenses increased 62% largely due to one-time closing costs from the credit facility
- No forward guidance provided, limiting visibility on growth trajectory
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3340854 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 18, 2026 5w ago | 424B5 | $13.73 | awaiting T+60 | — | $12.67 (−7.72%) |
Sep 18, 2026 5w ago | 8-K | $13.73 | awaiting T+60 | — | $12.67 (−7.72%) |
Sep 15, 2026 5w ago | Press Release | $13.93 | awaiting T+60 | — | $12.67 (−9.05%) |
Aug 6, 2026 11w ago | Press Release | $14.17 | awaiting T+60 | — | $12.67 (−10.59%) |
Jul 20, 2026 14w ago | Press Release | $13.85 $13.04 | ▼ −5.85% | ▼ −10.69% | $12.67 (−8.52%) |
Jun 22, 2026 18w ago | 8-K | $13.50 $13.93 | ▲ +3.19% | ▲ +1.44% | $12.67 (−6.15%) |
May 20, 2026 22w ago | 424B5 | $13.27 $13.60 | ▼ −2.49% | ▲ +1.81% | $12.67 (+4.52%) |
May 20, 2026 22w ago | 8-K | $13.27 $13.60 | ▲ +2.49% | ▼ −1.81% | $12.67 (−4.52%) |
May 8, 2026 24w ago | 8-K | $12.82 $14.19 | ▲ +10.69% | ▲ +5.85% | $12.67 (−1.17%) |
May 8, 2026 24w ago | Press Release | $12.82 $14.19 | ▲ +10.69% | ▲ +5.85% | $12.67 (−1.17%) |
US Market Status
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