---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-017357"
form_type: "8-K"
ticker: "STRW"
cik: "0001782430"
company_name: "Strawberry Fields REIT, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:24:21.079150+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-017357
- form_type: 8-K
- ticker: STRW
- cik: 0001782430
- company_name: Strawberry Fields REIT, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782430/000149315223017357/0001493152-23-017357-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782430/000149315223017357/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-017357
- JSON: https://secwatch.observer/filing/0001493152-23-017357.json
- Plain text: https://secwatch.observer/filing/0001493152-23-017357.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782430/000149315223017357/0001493152-23-017357-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.