---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-028831"
form_type: "8-K"
ticker: "STRW"
cik: "0001782430"
company_name: "Strawberry Fields REIT, Inc."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:33:06.743011+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Strawberry Fields REIT Q2 net income $5.7M, FFO $12.7M; enters $102M Indiana acquisition

## Summary
- Q2 2023 net income $5.7M vs $5.3M YoY; FFO $12.7M vs $12.6M; AFFO $13.4M vs $13.3M.
- Rental income increased 11.6% to $24.3M due to escalations, renewals, and higher property tax collections.
- Entered contract to acquire 24 healthcare facilities in Indiana for $102.0M; expects close by end of Q3 2023.
- Issued Series D Bonds on Tel-Aviv Stock Exchange: NIS 82.9M ($22.9M) at 9.1% interest; additional NIS 70M in July.
- Declared $0.11/share cash dividend payable Sept 29, 2023 to holders of record Sept 15, 2023.

## SEC filing metadata
- accession: 0001493152-23-028831
- form_type: 8-K
- ticker: STRW
- cik: 0001782430
- company_name: Strawberry Fields REIT, Inc.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782430/000149315223028831/0001493152-23-028831-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782430/000149315223028831/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-028831
- JSON: https://secwatch.observer/filing/0001493152-23-028831.json
- Plain text: https://secwatch.observer/filing/0001493152-23-028831.txt

## Key facts
- Earnings Releases
  Strawberry Fields REIT, Inc. reported six months ended June 30, 2023 results: revenue $48.6 million, net income $9.8 million.
  - Period: six months ended June 30, 2023
  - Revenue: $48.6 million
  - Net income: $9.8 million
  - Result: reported results
  source text: and $14.6 million, respectively. ● AFFO was $26.5 million and $24.8 million, respectively. ● Net income was $9.8 million and $0.02 million, respectively. ● Rental income was $48.6 million and $44.7 million, respectively. Moishe Gubin, Chairman & CEO noted: “It has been a busy second quarter. We went into contract for the Indiana portfolio of 24 facilities and we
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782430/000149315223028831/0001493152-23-028831-index.htm
- Earnings Releases
  Strawberry Fields REIT, Inc. reported quarter ended June 30, 2023 results: revenue $24.3 million, net income $5.7 million.
  - Period: quarter ended June 30, 2023
  - Revenue: $24.3 million
  - Net income: $5.7 million
  - Result: reported results
  source text: and $12.6 million, respectively. ● AFFO was $13.4 million and $13.3 million, respectively. ● Net income was $5.7 million and $5.3 million, respectively. ● Rental income was $24.3 million and $21.8 million, respectively. ● For the six months ended June 30, 2023, and June 30, 2022: ● FFO was $23.8 million and $14.6 million, respectively. ● AFFO was $26.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782430/000149315223028831/0001493152-23-028831-index.htm

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