Strawberry Fields REIT, Inc. reported significant financial growth for the fiscal year ending December 31, 2025, with rental revenues reaching approximately $155 million, a 32% increase from $117 million in 2024. This growth was primarily driven by the re-tenanting of properties under the Landmark and Kentucky Master Lease, alongside contributions from recent acquisitions, including facilities in Missouri, Kansas, and the Tide Group Master Lease. The company’s net income also rose to $33.3 million, up 26% from $26.5 million in the previous year, with net income attributable to common stockholders increasing by 85% to $7.6 million.
In terms of operational developments, Strawberry Fields REIT expanded its portfolio to 143 healthcare facilities, comprising 15,602 licensed beds across ten states, including Arkansas, Illinois, Indiana, and Texas. The company acquired 19 skilled nursing and one assisted living facility in 2025 for a total of $112.1 million, which is expected to generate initial annual cash revenues of approximately $12.1 million. The average remaining lease term for the properties is 7.2 years, with annual rent escalators averaging 2.8%. As of December 31, 2025, the company had 66 facilities leased to related parties, accounting for 48.5% of its annualized base rent.
The company’s strategic focus on acquisitions has been a key driver of its growth, with a compound annual growth rate (CAGR) of approximately 13.4% in annualized average base rent since 2020. Strawberry Fields REIT has also maintained a disciplined approach to its investment strategy, emphasizing the acquisition of skilled nursing facilities and other healthcare properties that provide services to the elderly. The management team, led by CEO Moishe Gubin, has extensive experience in the healthcare real estate sector, which has facilitated the identification and execution of accretive acquisition opportunities.
Looking ahead, Strawberry Fields REIT aims to continue diversifying its portfolio by geography and tenant composition while maintaining financial strength and liquidity. The company has a robust liquidity position, with cash and cash equivalents totaling $66.8 million as of year-end 2025. It plans to utilize various sources of capital, including future equity issuances and debt offerings, to fund acquisitions and meet its long-term liquidity needs. The company’s outlook remains positive, with expectations for continued growth driven by strategic acquisitions and a focus on enhancing operational efficiencies across its portfolio.
About Strawberry Fields REIT, Inc.
Strawberry Fields REIT, Inc. is a self-managed real estate company specializing in acquiring, owning, and leasing healthcare properties, primarily skilled nursing facilities and post-acute care centers. Its portfolio includes over 120 properties across multiple U.S. states, leased mainly on long-term triple-net agreements. The company leverages industry relationships, operational expertise, and diversified geographic holdings to generate stable rental income and long-term growth.
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