Strawberry Fields REIT Q3 FFO down to $12.0M; acquires 24 Indiana facilities for $102M

Strawberry Fields REIT, Inc.

2023-Q3 EPS reported $0.28 revenue$74,325,000

FFO fell to $12.0M from $16.3M YoY; AFFO rose to $11.5M from $10.9M; net income $4.7M vs $9.3M.
Rental income $25.8M (+6.3% YoY); 100% rent collected; portfolio now 107 facilities.
Closed $102M acquisition of 24 Indiana healthcare facilities (19 SNF, 5 AL) in August.
Declared $0.12/share dividend payable Dec 29, record Dec 15; expects 2024 quarterly dividends $0.12-$0.16.
Board authorized $5M share repurchase program with no time limit; management discretion.

item 2.02 item 7.01 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 financial results for the quarter ended September 30, 2023.

Period: the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 14, 2023, the Company issued a press release regarding its financial results for the quarter ended September 30, 2023.

View on SEC.gov

Browse all earnings releases →

Strawberry Fields REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-040808

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.