---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-019022"
form_type: "8-K"
ticker: "STRW"
cik: "0001782430"
company_name: "Strawberry Fields REIT, Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:04:04.794188+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Strawberry Fields REIT Q1 FFO up 27% to $14.1M; net income rises to $6.0M

## Summary
- FFO $14.1M vs $11.1M YoY; AFFO flat at $13.1M; net income $6.0M vs $4.1M.
- Rental income $27.8M, +14.8% YoY, driven by new Indiana and Texas master leases.
- New 10-year master lease for Indiana properties with $14.5M annual base rent, 3% annual increases.
- Issued additional Series D bonds raising $26.7M at ~7.7% coupon; acquired a skilled nursing facility for $5.85M.
- Declared $0.13/share dividend payable June 28, 2024 to holders of record June 17.

## SEC filing metadata
- accession: 0001493152-24-019022
- form_type: 8-K
- ticker: STRW
- cik: 0001782430
- company_name: Strawberry Fields REIT, Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782430/000149315224019022/0001493152-24-019022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782430/000149315224019022/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019022
- JSON: https://secwatch.observer/filing/0001493152-24-019022.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019022.txt

## Key facts
- Earnings Releases
  Strawberry Fields REIT, Inc. reported the quarter ended March 31, 2024 results: revenue $27.8 million, net income $6.0 million.
  - Period: the quarter ended March 31, 2024
  - Revenue: $27.8 million
  - Net income: $6.0 million
  - Result: reported results
  source text: For the quarters ended March 31, 2024, and March 31, 2023: ● FFO was $14.1 million and $11.1 million, respectively. ● AFFO was $13.1 million and $13.1 million, respectively. ● Net income was $6.0 million and $4.1 million, respectively. ● Rental income received was $27.8 million and $24.2 million, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782430/000149315224019022/0001493152-24-019022-index.htm

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