Strawberry Fields REIT, Inc. (STRW)
Strawberry Fields REIT, Inc., is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company’s portfolio includes 143 healthcare facilities with an aggregate of 15,600+ beds, located throughout the states of Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee and Texas. The 143 healthcare facilities comprise 131 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals. Strawberry Fields REIT, Inc. was incorporated in 2019 in Maryland, USA.
Sector: Real Estate Investment Trusts
Industry: REIT - Healthcare Facilities
Strawberry Fields REIT, Inc.
NYSE:STRWReal Estate · REIT - Healthcare Facilities
-0.94%$12.67
AH Close$12.67+0.00%vs close
AH Close$12.67+0.00%vs close
Mkt Cap$179.37M
Float11.44M
O/S14.16M
Inst Own26.0%
SI1.2%
Div Yield5.21%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$155M
Net Income$7.58M
Total Assets$885.23M
Free Cash Flow$90.04M
Debt & Equity
Debt 98%
Equity 2%
Total Debt$791.35M
Total Equity$12.11M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in STRW's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$885.23M
Liabilities$834.7M
Accounts Receivable$55.63M
Accounts Payable$0
Inventory$0
PP&E (Net)$851K
Goodwill$1.32M
Intangible Assets$67.03M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $155M | $117.06M | $99.81M | $92.54M | $87.03M | $84.09M | $81.26M |
| YoY Growth | 32.4% | 17.3% | 7.8% | 6.3% | 3.5% | 3.5% | - |
| Cost of Revenue | $108.35M | $15.22M | $15.02M | $13.66M | $11.36M | $10.34M | $10.56M |
| Gross Profit | $46.65M | $101.84M | $84.79M | $78.88M | $75.67M | $73.75M | $70.69M |
| Gross Margin | 30.1% | 87.0% | 85.0% | 85.2% | 86.9% | 87.7% | 87.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $8.61M | $8.4M | $7.33M | $7.72M | $8.07M | $6.24M | $6.18M |
| Other | -$46.25M | $32.14M | $30.02M | $21.22M | $30.85M | $27.97M | $33M |
| Total Operating Expenses | -$37.64M | $40.54M | $37.35M | $28.93M | $38.91M | $34.21M | $39.18M |
| Operating Income (EBIT) | $84.29M | $61.3M | $47.44M | $49.95M | $36.76M | $39.54M | $31.51M |
| Operating Margin | 54.4% | 52.4% | 47.5% | 54.0% | 42.2% | 47.0% | 38.8% |
| Interest Expense | $50.95M | $33.64M | $25.43M | $21.21M | $21.37M | $23.76M | $25.93M |
| Interest Income | $0 | $382K | $1.27M | $801K | $463K | -$2.13M | -$2.48M |
| Other Income (Expense) | -$50.98M | -$34.8M | -$27.2M | -$33.53M | -$28.34M | -$27.65M | -$26.9M |
| Income Before Tax (EBT) | $33.31M | $26.5M | $20.24M | $16.42M | $8.42M | $11.89M | $4.61M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $7.58M | $4.09M | $2.5M | $1.85M | $5.34M | $11.89M | $4.61M |
| Net Income Margin | 4.9% | 3.5% | 2.5% | 2.0% | 6.1% | 14.1% | 5.7% |
| Supplementary Data | |||||||
| EPS | 0.60 | 0.57 | 0.39 | 0.31 | 0.07 | 2.03 | 0.79 |
| Diluted EPS | 0.60 | 0.57 | 0.39 | 0.31 | 0.07 | 2.02 | 0.78 |
| Weighted Average OS | 12.70M | 7.12M | 6.37M | 6.01M | 5.86M | 5.86M | 5.86M |
| EBITDA | $130.51M | $94.34M | $75.2M | $66.42M | $57.56M | $62.57M | $58.03M |
| EBITDA Margin | 84.2% | 80.6% | 75.4% | 71.8% | 66.1% | 74.4% | 71.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $31.81M | $48.37M | $12.17M | $20.2M | $26.21M | $17.81M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $31.81M | $48.37M | $12.17M | $20.2M | $26.21M | $17.81M |
| Accounts Receivable | $55.63M | $44.29M | $41.04M | $42.95M | $33.09M | $21.23M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $34.95M | $45.28M | $25.59M | $25.51M | $25.92M | $52.96M |
| Total Current Assets | $122.38M | $137.94M | $78.8M | $88.66M | $85.22M | $92M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $851K | $1.2M | $1.54M | $1.83M | $2.06M | $408.47M |
| Goodwill | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M | $1.32M |
| Intangible Assets | $67.03M | $26.62M | $7.28M | $10.31M | $13.34M | $16.36M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $693.64M | $620.5M | $527.85M | $444.88M | $468.02M | $5.52M |
| Total Long-Term Assets | $762.84M | $649.65M | $538M | $458.34M | $484.74M | $431.68M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $885.23M | $787.59M | $616.79M | $547M | $569.96M | $523.68M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $13.15M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $22.37M | $18.72M | $16.91M | $13.72M | $20.65M | $0 |
| Total Current Liabilities | $22.37M | $18.72M | $16.91M | $13.72M | $20.65M | $13.15M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $790.5M | $670.53M | $536.44M | $455.42M | $501.8M | $486.47M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $20.98M | $13.56M | $14.63M | $26.64M | $10.4M | $8.3M |
| Total Long-Term Liabilities | $812.33M | $685.3M | $552.62M | $483.89M | $514.26M | $497.12M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $834.7M | $704.02M | $569.52M | $497.62M | $534.91M | $510.26M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1K | $1K | $0 | $0 | $0 | $0 |
| Retained Earnings | $1.23M | $1.29M | $1.23M | $1.61M | $393K | -$26.74M |
| Comprehensive Income & Other | -$7.68M | $340K | $529K | $386K | -$2.46M | -$23.77M |
| Other Stockholders' Equity | $10.87M | $16.88M | $6.28M | $6.18M | $1.87M | $40.16M |
| Total Equity | $12.11M | $18.17M | $7.51M | $7.79M | $2.27M | $13.42M |
| Minority Interest | $38.42M | $65.4M | $39.77M | $41.6M | $32.78M | $0 |
| Total Liabilities and Equity | $846.81M | $722.19M | $577.03M | $505.4M | $537.18M | $523.68M |
| Supplementary Data | ||||||
| Total Debt | $791.35M | $671.74M | $537.99M | $457.25M | $503.86M | $488.81M |
| Net Debt | $759.54M | $623.37M | $525.81M | $437.05M | $477.66M | $471M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $33.31M | $26.5M | $2.5M | $16.42M | $8.42M | $11.89M | $4.61M |
| Depreciation & Amortization | $46.25M | $34.19M | $29.53M | $28.79M | $27.77M | $26.92M | $27.5M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $4.37M | $0 | $0 |
| Stock-Based Compensation | $1.69M | $0 | $0 | $0 | $250K | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$7.1M | -$4.37M | $200K | -$272K | -$2.18M | $174K | -$4.29M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $9.46M | $785K | $6.88M | -$6.43M | $5.06M | -$1.88M | $3.13M |
| Other Working Capital | -$98K | -$2.28M | -$3.33M | $289K | -$150K | $0 | $0 |
| Total Working Capital Change | $2.26M | -$5.86M | $3.75M | -$6.42M | $2.88M | -$1.71M | -$1.16M |
| Other Non-Cash Items | $6.54M | $4.49M | $19.17M | $12.14M | $1.09M | $250K | -$2.97M |
| Net Cash from Operating | $90.04M | $59.33M | $54.94M | $50.93M | $44.79M | $37.34M | $27.98M |
| Investing Activities | |||||||
| Capital Expenditures | $0 | -$24M | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$108.06M | -$513K | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | -$3.84M | $0 | $0 |
| Other Investing Activities | -$111.87M | -$112.78M | $1.71M | -$9.59M | -$54.45M | -$6.43M | -$55.62M |
| Net Cash from Investing | -$111.87M | -$136.78M | -$106.35M | -$10.1M | -$58.29M | -$6.43M | -$55.62M |
| Financing Activities | |||||||
| Debt Repaid | -$28.52M | -$127.84M | -$83.53M | $34.26M | -$25.09M | $52.46M | -$31.76M |
| Common Stock Issuance | $2.32M | $36.25M | $0 | $0 | $0 | $26.36M | $482K |
| Common Stock Repurchases | -$652K | -$2.47M | -$46K | $0 | $0 | $0 | $0 |
| Dividends Paid | -$7.63M | -$4.04M | -$2.87M | -$637K | -$1.52M | $0 | $0 |
| Other Financing Activities | -$27.63M | -$24.24M | -$37.16M | -$12.35M | $0 | $0 | $0 |
| Net Cash from Financing | -$5.06M | $133.34M | $43.46M | -$47.25M | $23.57M | -$26.1M | $32.24M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$26.9M | $55.9M | -$7.95M | -$6.42M | $10.07M | $4.81M | $4.6M |
| Supplementary Data | |||||||
| Operating Cash Flow | $90.04M | $59.33M | $54.94M | $50.93M | $44.79M | $37.34M | $27.98M |
| Capital Expenditure | $0 | -$24M | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $90.04M | $35.33M | $54.94M | $50.93M | $44.79M | $37.34M | $27.98M |
| Cash at Beginning | $93.66M | $37.76M | $45.7M | $52.13M | $42.06M | $37.24M | $32.64M |
| Cash at End | $66.76M | $93.66M | $37.76M | $45.7M | $52.13M | $42.06M | $37.24M |