Strawberry Fields REIT, Inc. (STRW) Earnings Call Transcripts

Strawberry Fields REIT, Inc.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Strawberry Fields REIT, Inc. (STRW:US) reported revenue of $40 million, reflecting a 7.1% year-over-year increase, while net income rose to $9.4 million or $0.70 per share, compared to $6.9 million or $0.13 per share in Q1 2025. The company maintained its disciplined acquisition strategy, with a strong pipeline of over $325 million, despite not closing any deals during the quarter. Management raised the Q2 dividend to $0.17 per share, signaling confidence in future cash flows and growth potential.

Reported metrics

Guidance from management

Management maintained its 2026 AFFO guidance of $75.4 million, with expectations for continued growth driven by acquisitions and stable rent collections.

What management said

Okay. To add to Moishe point there that I mean the numbers -- it's almost a living and breathing number. It's constantly we evaluate the pipeline every week. And the only items that are really being included with this are just deals that we think there is an opportunity to complete. So -- as Mike said, I mean, this has been some deals I've been sitting here over time, but also, I mean, the SNF deal market has been pi...

Yes, yes. I'm hopeful that the third quarter will close somewhere in the $90 million to close to $100 million range. And I'm hoping that in the fourth quarter, we'll have another 15 to like 30 or 40 unless something else pops up. So right now, we're looking at -- everything is going to get into third quarter and fourth quarter, and we should hit easily the $100 million. And hopefully, we should do $100 million and br...

What analysts pressed on

Analysts expressed concerns regarding the competitive landscape for acquisitions, particularly the challenges posed by larger REITs. There were also questions about the impact of rising expenses on profitability and the pace of deal closures in a slow market.

Main topics on the call

• Dividend Increase — Management announced a Q2 2026 dividend increase to $0.17 per share, up from $0.16, reflecting a commitment to returning value to shareholders. CEO Moishe Gubin stated, 'Our AFFO payout ratio continues to be the lowest f...
• Acquisition Pipeline Growth — The acquisition pipeline has grown to over $325 million, indicating strong future growth potential. Gubin noted, 'We expect to meet our target of between $100 million to $150 million in acquisitions this year.'
• Strong Rent Collection — Strawberry Fields REIT collected 100% of its contractual rents during the quarter, showcasing the stability of its revenue stream. Gubin emphasized, 'Business is good. We're collecting all of our rents.'
• Debt Refinancing Strategy — Management is focused on refinancing a significant portion of its debt, with plans to close a new $300 million credit facility in Q2 2026. Gubin mentioned, 'We should have almost divided up equally over 4, 5 years, ladde...

Read the full Strawberry Fields REIT, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 8 Strawberry Fields REIT, Inc. earnings call transcripts on record, spanning November 11, 2024 to August 7, 2026. Based on this history, Strawberry Fields REIT, Inc. reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

STRW

Exchange

NYSEAM

Country

US

Sector

Real Estate

Industry

Health Care REITs

Calls on record

8

First call

November 11, 2024

Most recent

August 7, 2026

Reporting cadence

quarterly