Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) reported financial results for the third quarter ended Sept. 30, 2026, including adjusted funds from operations (AFFO) of $18.8 million, or $0.34 per share, compared with $18.1 million, or $0.33 per share, in the prior-year period. Rental income totaled $40 million, compared with $39.7 million a year earlier, while the company collected 100% of contractual rents, according to the full press release.
Funds from operations (FFO) were negative $3.6 million, compared with positive $20.7 million in the prior-year quarter. The company reported a net loss of $14.8 million, compared with net income of $8.9 million, primarily reflecting a $24.6 million foreign currency transaction loss associated with bond retirements. The divergence between AFFO and FFO highlights the impact of non-cash and non-recurring items on the company’s reported results.
During the quarter, Strawberry Fields completed a $10.4 million acquisition of a hospital campus near Kansas City, Missouri, and subsequently entered into an agreement to acquire a 99-bed skilled nursing facility in Indiana for $15 million, with closing expected before year-end. For the first nine months of 2026, AFFO increased to $55.9 million from $53.4 million in the comparable 2025 period. The company continues to pursue its 2026 acquisition target of $100 million to $150 million.
The company’s portfolio includes 145 healthcare facilities with an aggregate of 15,600+ beds, located throughout Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee and Texas. The 145 healthcare facilities comprise 131 skilled nursing facilities, 10 assisted living facilities, three hospitals, and a medical office building. As a self-administered real estate investment trust, Strawberry Fields REIT focuses on the ownership, acquisition, development and leasing of skilled nursing and other healthcare-related properties.
For investors, the quarter presents a mixed picture: AFFO growth and full rent collection signal operational stability, while the net loss and negative FFO underscore the impact of foreign currency losses and a shifting capital structure. The company’s active acquisition pipeline, including the hospital campus and the pending Indiana facility, suggests a strategy to expand its healthcare real estate footprint. The latest news and updates relating to STRW are available in the company’s newsroom.
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