Assisted Living Facilities (ALFs)
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 IBN Initiates Coverage of Strawberry Fields REIT Inc.
 Globenewswireยท 2025-09-11 12:30
 Core Insights - Strawberry Fields REIT Inc. has appointed IBN to lead its corporate communications efforts, aiming to enhance its visibility in the market [1][4][5]   Company Overview - Strawberry Fields REIT was spun out in 2015 with an initial portfolio of 33 properties in Indiana and Illinois, and has since expanded to own and lease healthcare facilities across 10 states [2] - The REIT currently owns and holds long-term leasehold interests in 142 healthcare facilities, totaling over 15,500 licensed beds, which include 130 skilled nursing facilities, 10 assisted living facilities, and 2 long-term acute care hospitals [3][6]   Strategic Focus - The company's strategy emphasizes collaboration with regional operators and consultants, targeting markets with favorable demographic trends and regulatory conditions that support long-term demand for healthcare services [2]   Communication Strategy - IBN will utilize its extensive distribution network, which includes over 5,000 syndication outlets and various media channels, to increase awareness of Strawberry Fields REIT among investors and the public [4][5]
 Strawberry Fields(STRW) - 2024 Q4 - Earnings Call Presentation
 2025-03-04 01:36
 Company Overview - Strawberry Fields REIT (STRW) owns and leases 130 facilities across 11 states, specializing in skilled nursing facilities (SNFs), long-term acute care hospitals (LTACHs), and assisted living facilities (ALFs)[23, 25] - The company's history began over 21 years ago with the acquisition of skilled nursing facilities in Indiana[23] - The company has demonstrated strong growth in Adjusted EBITDA (CAGR of 82%) and Adjusted FFO (CAGR of 126%) from 2019 through 2024[29]  Financial Performance - The company's 2024 Adjusted FFO was $558 million, or $111 per share, compared to $102 per share in 2023[23] - The company's 2024 Adjusted EBITDA was $906 million, or $180 per share, compared to $153 per share in 2023[23] - The company's annualized dividend yield as of December 2024 was 53%[23]  Portfolio and Strategy - The company's portfolio includes 118 owned assets plus one asset under a long-term lease, totaling 14,540 licensed beds[25, 32] - The company has an acquisition pipeline of over $350 million[32] - The company focuses on smaller, off-market deals with a projected 10% ROI and 20% levered IRR over a 10-year investment horizon[56]  Debt Structure - Most of the company's debt is fixed/low interest, long-term HUD guaranteed debt with a maturity of 20+ years and a weighted average interest rate of 391%[23] - The company's net debt leverage ratio is 519%[32]