secwatch.observer — SEC 8-K summary
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Issuer:     Strawberry Fields REIT, Inc. (STRW)
CIK:        0001782430
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001493152-24-019022
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782430/000149315224019022/0001493152-24-019022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782430/000149315224019022/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019022

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