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IBN Initiates Coverage of Strawberry Fields REIT Inc.
Globenewswire· 2025-09-11 12:30
AUSTIN, Texas, Sept. 11, 2025 (GLOBE NEWSWIRE) -- via IBN -- Strawberry Fields REIT Inc. (NYSE American: STRW), a self-administered real estate investment trust engaged in the ownership, acquisition, development, and leasing of skilled nursing and other healthcare-related properties, has selected IBN, a multifaceted financial news and publishing company serving private and public entities, to spearhead its corporate communications efforts. Initially spun out in 2015 with a 33-property portfolio in Indiana a ...
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]