Strawberry Fields REIT, Inc.

STRW: 8-K · debt financing

Strawberry Fields REIT completed an offering of units solely within Israel on September 15, 2026, under Regulation S exemptions, consisting of NIS 1,000 par value Series D Bonds and Series 2 Warrants that yielded gross proceeds of approximately $17 million. The company simultaneously entered a Deed of Trust with Mishmeret Trust Services Company Ltd. as trustee. The Series D Bonds carry a fixed 7.5% annual coupon with principal repaid in four installments through December 31, 2031, and were rated ilA+ by S&P Global Ratings Maalot. The Series 2 Warrants are exercisable at NIS 46 per share (about $15.12, roughly 9.3% above the prior NYSE American close) and expire December 30, 2027; the 1,034,940 underlying shares were registered via the company's Form S-3 with a prospectus supplement filed September 17, 2026. Proceeds are designated for ongoing operations and general purposes, including repayment of existing debts and asset acquisitions. As of June 30, 2026, the company operated 133 properties leased as 142 medical institutions with approximately $142.4 million of annualized base rent, against net financial debt of $802.6 million and EBITDA of $134.1 million (5.99x net debt/EBITDA). Full exercise of the Series 2 Warrants would add approximately 11.1% to the issued share count (8.6% on a fully diluted basis), though the exercise price is set above the recent market price, which mitigates near-term dilution pressure.

SEC 8-K•1mo ago

Strawberry Fields REIT Announces Acquisition of Hospital Campus in Missouri

Strawberry Fields REIT completed the acquisition of a hospital campus in Marshall, Missouri, comprising a 60-bed hospital, a 99-bed skilled nursing facility, and a medical office building. The campus was added to an existing Master Lease with an affiliate of American Medical Administrators (formerly Reliant Care Group), bringing the company to 21 owned and leased healthcare facilities in Missouri. Chairman & CEO Moishe Gubin noted acquisition activity began slowly this year but said that with this deal closed and several additional transactions under consideration, the company hopes to finish the year on a strong note. The total portfolio now spans 145 healthcare facilities with 15,600+ beds across 10 states.

•1mo ago

Strawberry Fields REIT Announces Second Quarter 2026 Operating Results

Strawberry Fields REIT reported Q2 2026 rental income of $40.0 million, up 6% year-over-year, while maintaining 100% contractual rent collection. The company closed a $300 million Corporate Credit Facility, comprised of a $100 million term loan and $200 million revolver, to refinance existing debt and support acquisitions. FFO was flat at $20.1 million, while net income increased to $8.9 million from $8.7 million in the prior year quarter.

•2mo ago

STRW: 8-K/A · debt financing

Strawberry Fields REIT, Inc. closed on its previously announced Corporate Credit Facility (CCF) with availability up to $300 million on June 18, 2026. The facility was entered into by its subsidiary, Strawberry Fields Realty LP, with Popular Bank acting as administrative agent and lender. The CCF consists of a $100 million Term Loan and a $200 million Revolving Loan, both maturing on June 18, 2029, with two one-year extension options. Interest is set at the greater of 1-month CME Term SOFR plus 275 basis points or 5.50%. Proceeds from the financing will be used to refinance existing secured bank debt, support acquisition growth, and for working capital and general corporate purposes.

SEC 8-K/A•4mo ago

STRW: 8-K · debt financing

Strawberry Fields REIT, Inc. completed a $56 million debt offering in Israel, issuing Series C Bonds and Series 1 Warrants to raise capital for ongoing operations and acquisitions. The offering consists of NIS 260 million in bonds bearing 6.85% interest, maturing in 2030, attached to 4.16 million warrants exercisable for common stock at approximately $13.69 per share. The company disclosed significant existing leverage, including $413.6 million in secured debt and $163.2 million in unsecured debt, highlighting the increased financial risk associated with this new issuance. Proceeds will be used for general corporate purposes, including debt repayment and asset acquisitions, supporting the company's growth strategy in skilled nursing facilities.

SEC 8-K•5mo ago