earnings
confidence high
sentiment positive
materiality 0.70
Strawberry Fields REIT Q2 2024 net income $7.0M, FFO $15.2M; declares $0.13/share dividend
Strawberry Fields REIT, Inc.
2024-Q2 EPS reported
$0.26
revenue$57,106,000
- Q2 2024 net income $7.0M vs $5.7M in Q2 2023; FFO $15.2M vs $12.7M; AFFO $14.3M vs $13.4M.
- Rental income received $29.2M, up from $21.8M; driven by acquisitions, lease renewals and escalations.
- Declared cash dividend of $0.13 per share, payable Sept 30 to holders of record Sept 16, 2024.
- Acquired 68-bed SNF and 10-bed ALF near Georgetown, IN for $5.85M; added to existing master lease.
- Completed dual listing on Tel Aviv Stock Exchange (April 22) and added to Russell 3000 Index (June 28).