Core Viewpoint - Strawberry Fields REIT, Inc. will report its year-end 2025 financial results on February 19, 2026, after market close, followed by a conference call on February 20, 2026, at 11:00 a.m. Eastern Time to discuss these results [1][2]. Company Overview - Strawberry Fields REIT, Inc. is a self-administered real estate investment trust focused on the ownership, acquisition, development, and leasing of skilled nursing and other healthcare-related properties [3]. - The company's portfolio consists of 143 healthcare facilities with over 15,600 beds, located across several states including Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas [3]. - The 143 facilities include 131 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals [3].

Core Insights - Strawberry Fields REIT focuses on disciplined acquisition and long-term stability in healthcare-related properties, particularly skilled nursing facilities [1][9] - The company has significantly expanded its portfolio since 2015, now holding interests in 142 facilities with over 15,500 licensed beds, representing about 1% of U.S. nursing home capacity [3][9] - The U.S. elderly care market is projected to grow from $49.29 billion in 2024 to $98.19 billion by 2032, indicating a favorable environment for the company's growth strategy [3] Acquisition Strategy - The company employs a conservative acquisition strategy, reviewing approximately 300 potential acquisitions annually and closing five to ten properties each year [4] - Strawberry Fields utilizes master leases to group properties, reducing risk and ensuring consistent rent collection, which has been at 100% for seven to eight consecutive years [5][9] Financial Performance - For Q3 2025, the company reported rental income of $39.7 million, an increase of $6.6 million from the previous year, and Funds From Operations (FFO) rose to $20.7 million [10][11] - The company maintains a conservative payout ratio of approximately 47%, allowing for retained cash flow to support acquisitions and long-term growth [11][12] Portfolio and Market Position - Strawberry Fields' portfolio includes 142 healthcare facilities across ten states, with a diverse tenant base that has expanded from initial concentrations in two states [8][14] - The company reports approximately $1.1 billion in assets and a market capitalization of about $750 million, with plans to secure a traditional unsecured line of credit to enhance liquidity [12]

Core Insights - The introduction of LED lighting in greenhouses in West Sussex allows for year-round strawberry production, reducing reliance on imported fruits [1][2] - The operation supports local employment, providing year-round work for 50 individuals [5] - The UK currently has low self-sufficiency levels in fruit and vegetables, with only 16% of fruit and approximately 50% of vegetables being domestically grown [7] Group 1: Technology and Production - LED lighting is crucial for successful strawberry growth, enabling energy absorption even on non-sunny days, resulting in optimal sweetness, shape, and size of the berries [2] - The greenhouses cover 36,000 square meters and are partially powered by renewable energy, enhancing sustainability [2] Group 2: Environmental Impact - While the new greenhouse technology reduces food miles, it still has an environmental impact due to the energy required to maintain warm growing conditions in winter [5][6] - The need for significant heat and light to replicate summer conditions raises concerns about the energy sources used [6] Group 3: Market and Consumption - An estimated 1.5 million punnets of strawberries are expected to be harvested during the winter season, allowing for British strawberries to be available during Christmas [9] - There is a cultural sentiment that strawberries should be consumed in summer, despite the benefits of local winter production [9]

Core Insights - Albert Anthony is a Croatian-American business author and analyst contributing to Seeking Alpha and other financial platforms, with a focus on Real Estate Investment Trusts (REITs) [1] - He has a background in business information systems and experience at Charles Schwab, which supports his analytical capabilities in equities research [1] - Anthony operates his own boutique equities research firm, Albert Anthony & Company, remotely from Texas, and is actively involved in the REIT investment space [1] Company Background - Albert Anthony & Company is a Texas-registered business that provides general market commentary and research based on publicly available data [1] - The firm does not manage client funds or provide personalized financial advisory services, focusing instead on delivering actionable insights [1] Author's Credentials - Anthony holds a B.A. in Political Science from Drew University and is certified in Microsoft Fundamentals and CompTIA Project+ [1] - He is currently pursuing further certifications in Capital Markets & Securities Analyst (CMSA) and business intelligence/data analysis through the Corporate Finance Institute [1] Media Presence - The author has a growing presence on YouTube, where he discusses REITs and shares insights from his investment portfolio [1] - He has participated in numerous business and innovation conferences, enhancing his visibility in the financial community [1]

Company Overview - Strawberry Fields REIT is a self-administered real estate investment trust focused on the ownership, acquisition, development, and leasing of healthcare-related properties [3] - The company's portfolio consists of 143 healthcare facilities with over 15,500 beds, including 131 skilled nursing facilities, 10 assisted living facilities, and 2 long-term acute care hospitals, located across multiple states [3] Upcoming Presentation - Moishe Gubin, the Chairman & CEO of Strawberry Fields REIT, will present at NobleCon21 on December 3rd at 4:30 PM Eastern Standard Time [1] - The presentation will be available via a high-definition video webcast on Noble Capital Markets' Conference website and Channelchek, with the archive accessible for 90 days post-event [2] Noble Capital Markets - Noble Capital Markets is a full-service broker-dealer established in 1984, providing investment and advisory services, and has raised billions for companies over its 40-year history [4] - The firm hosts various conferences, including the annual NobleCon, and has published over 45,000 equity research reports [4]

Financial Performance - Net income rose to $8.9 million for the third quarter of 2025, a 29% increase from $6.9 million in the same period of 2024, driven by property acquisitions and higher rental income[242]. - Net income increased to $24.5 million, a rise of 23% compared to the previous year, driven by higher rental income[247]. - The Company reported net income of $24.5 million for the nine months ended September 30, 2025, compared to $19.9 million for the same period in 2024, representing a 23.5% increase[285]. - Funds from operations (FFO) for the nine months ended September 30, 2025, were $58.9 million, up from $44.6 million in 2024, indicating a 32.1% increase[285]. Revenue and Rental Income - Rental revenues increased by $10.3 million or 35% to $39.7 million for the three months ended September 30, 2025, primarily due to the acquisition of 27 additional properties and a new master lease in Kentucky[239]. - Total rental revenues increased by $28.3 million or 33% due to the net acquisition of 27 properties and renegotiation of certain master leases[243]. - The Company completed the acquisition of a skilled nursing facility with 112 licensed beds for $11.5 million, adding $1.3 million in initial annual base rents[230]. - On July 1, 2025, the Company acquired nine skilled nursing facilities for $59 million, increasing annual rents by $5.5 million[232]. Expenses and Indebtedness - Interest expense increased by $4.4 million or 51% to $13.0 million, primarily due to new commercial bank loans and bond issuances[241]. - Depreciation and amortization expenses rose by $9.7 million or 39%, driven by the acquisition of new properties and lease rights[244]. - Interest expense, net, increased by $13.0 million or 54%, primarily due to additional interest incurred on a commercial bank loan and bond issuances[246]. - Total indebtedness as of September 30, 2025, was approximately $779.4 million, including $313.9 million in various bond series[253]. - The Company had a total gross note payable and senior debt of $779.4 million as of September 30, 2025, compared to $673.9 million at the end of 2024, reflecting a 15.7% increase[282]. Cash Flow - Cash provided by operating activities was $69.5 million for the nine months ended September 30, 2025, compared to $34.5 million in 2024[257]. - Cash used in investing activities totaled $107.3 million, primarily for the acquisition of 9 properties in Missouri and other locations[258]. Investment Strategy - The Company expects to continue diversifying its investments by tenant, facility type, and geography to enhance long-term stockholder value[227]. - The Company has a disciplined investment strategy focused on healthcare real estate assets to provide opportunities for dividend growth and asset appreciation[227]. - The company expects to meet long-term liquidity requirements through various sources, including future equity issuances and debt offerings[251]. - The company intends to distribute at least 90% of its REIT taxable income to stockholders annually[248]. Compliance and Controls - The Company is in compliance with financial covenants, including a maximum indebtedness to EBITDA ratio of 8.0 to 1 and a minimum GAAP equity of $20.0 million as of September 30, 2025[266][267]. - As of September 30, 2025, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective at the reasonable assurance level[293]. - There were no changes in internal control over financial reporting during the quarter ended September 30, 2025, that materially affected the internal control[294]. Legal Matters - The company is not currently a party to any material legal proceedings that are not covered by insurance, with previous complaints dismissed for lack of jurisdiction[296][298]. Property Transactions - The Company sold a property in Michigan for $2.7 million, resulting in a loss of $0.01 million[233]. - The Company foreclosed and sold four properties at auction for a total of $4.4 million in July 2022, and took title of a fifth property with an estimated fair value of $1.2 million in December 2022[302]. - The Company expects to close the acquisition of a skilled nursing facility for $3.0 million, with initial annual base rents of $0.3 million and 3% annual rent increases[287]. Debt Instruments - As of September 30, 2025, the Company had outstanding Series A Bonds totaling NIS 302.2 million ($91.4 million) and Series B Bonds totaling NIS 312.0 million ($94.4 million)[271][272]. - The Series D Bonds had an outstanding principal balance of approximately NIS 175.8 million ($53.2 million) as of September 30, 2025[279]. - The Company issued additional Series C Bonds totaling NIS 62.0 million ($16.6 million) in October 2024 at a price of 99.3%[274]. - The Company has $161.8 million (20.8% of total debt) in floating rate debt, which is subject to interest rate risk based on one-month SOFR[290]. - The Company incurred offering and issuance costs of approximately $2.5 million for the Series B Bonds issued in June 2025[272].

Core Points - Strawberry Fields REIT, Inc. declared a cash dividend of $0.16 per share, payable on December 30, 2025, to stockholders of record as of December 16, 2025 [1] Company Overview - Strawberry Fields REIT, Inc. is a self-administered real estate investment trust focused on the ownership, acquisition, development, and leasing of skilled nursing and healthcare-related properties [2] - The company's portfolio consists of 142 healthcare facilities with over 15,500 beds, located across multiple states including Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas [2] - The facilities include 130 skilled nursing facilities, 10 assisted living facilities, and 2 long-term acute care hospitals [2]

Core Viewpoint - Strawberry Fields REIT, Inc. reported strong operating results for Q3 2025, highlighting significant growth in rental revenues and funds from operations, driven by strategic acquisitions and lease renewals [1][3][5]. Financial Highlights - Total rental revenues increased by $10.3 million or 35% compared to Q3 2024, primarily due to the acquisition of 27 additional properties and a new master lease in Kentucky [5][10]. - Funds from Operations (FFO) for Q3 2025 was $20.7 million, up from $15.2 million in Q3 2024, while Adjusted Funds from Operations (AFFO) rose to $18.1 million from $14.3 million [5][23]. - Net income increased to $8.9 million in Q3 2025 from $6.9 million in Q3 2024, attributed to higher rental income and property acquisitions [9][13]. Acquisitions and Growth Strategy - The company completed several key acquisitions, including nine skilled nursing facilities in Missouri for $59 million, which are expected to generate an additional $5.5 million in annual rents [7]. - Additional acquisitions included a skilled nursing facility in Oklahoma for $4.25 million and a healthcare facility in Missouri for $5.3 million, both contributing to increased rental income [7]. Expense Overview - Depreciation and amortization expenses increased by $3.5 million or 42% due to new property acquisitions, partially offset by reduced depreciation from fully depreciated assets [6][11]. - Interest expense rose by $4.4 million or 51%, primarily due to new commercial bank loans and bond issuances [8][12]. Year-to-Date Performance - For the nine months ended September 30, 2025, total rental revenues increased by $28.3 million or 33% compared to the same period in 2024 [10]. - Year-to-date FFO was $58.9 million, up from $44.6 million in the previous year, with AFFO increasing to $53.4 million from $41.6 million [23].

Core Viewpoint - Strawberry Fields REIT, Inc. will report its third quarter 2025 financial results on November 6, 2025, after market close [1] Group 1: Financial Reporting - The management team will hold a quarterly conference call/webcast on November 7, 2025, at 11:00 a.m. Eastern Time to discuss the third quarter results [2] - A digital replay of the conference call will be available on the company's website [3] Group 2: Company Overview - Strawberry Fields REIT, Inc. is a self-administered real estate investment trust focused on the ownership, acquisition, development, and leasing of skilled nursing and healthcare-related properties [4] - The company's portfolio includes 142 healthcare facilities with over 15,500 beds across multiple states, comprising 130 skilled nursing facilities, 10 assisted living facilities, and 2 long-term acute care hospitals [4]

Company Overview - Strawberry Fields REIT is a self-administered real estate investment trust focused on the ownership, acquisition, development, and leasing of healthcare-related properties [7] - The company's portfolio includes 142 healthcare facilities with over 15,500 beds, comprising 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals, located across multiple states including Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas [7] Event Details - Strawberry Fields REIT will present at the 19th annual LD Micro Main Event on October 21st at 10:00 AM PT at the Hotel del Coronado [2][4] - The LD Micro Main Event XIX will take place from October 19th to 21st, featuring around 120 companies presenting in half-hour increments and private meetings with investors [5][6] - The event will include registration, keynote speakers, and a closing reception, providing a platform for companies to connect with investors [5] Leadership Insights - Moishe Gubin, Chairman & CEO of Strawberry Fields REIT, expressed excitement about returning to the LD Micro Main Event, highlighting the opportunity to build on the momentum from last year [4]