Strawberry Fields REIT Q1 net income $4.1M, FFO $13.6M, declares $0.11 dividend

Strawberry Fields REIT, Inc.

2024-Q1 EPS reported $0.08 revenue$24,247,000

Net income $4.1M vs ($5.3M) loss YoY; rental revenue up 5.6% to $21.1M.
FFO $13.6M vs $2.0M; AFFO $13.1M vs $11.6M.
Board declared $0.11/share dividend payable June 30 to holders of record June 16, unchanged from prior.
One skilled nursing facility in Southern Illinois closed; impairment taken but rent continues under master lease.
CEO noted accretive acquisition in Kentucky and up-list to NYSE American; 75% of debt fixed.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Strawberry Fields REIT, Inc. reported the quarter ended March 31, 2023 results: revenue $21.1 million, net income $4.1 million.

Period: the quarter ended March 31, 2023
Revenue: $21.1 million
Net income: $4.1 million
Result: reported results

Exact text from the filing

million, respectively. ● AFFO was $13.1 million and $11.6 million, respectively. ● Net income was $4.1 million and $(5.3) million, respectively. ● Rental income received was $21.1 million and $20.6 million, respectively. Moishe Gubin, Chairman & CEO noted: “2023 has been off to a great start. We acquired a skilled nursing facility in Kentucky and up-listed to the

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Source: SEC EDGAR

accession 0001493152-23-017357

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