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Earnings analysis · 10-Q

STRW earnings analysis

Filed May 8, 2026 · Our reading of the company's report

The latest report

Strawberry Fields REIT reported Q1 2026 results with revenue of $40 million and an EPS of $0.16, both missing expectations of $40.27 million and $0.34, respectively. Despite the revenue and earnings miss, the company…

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Strawberry Fields REIT reported Q1 2026 results with revenue of $40 million and an EPS of $0.16, both missing expectations of $40.27 million and $0.34, respectively. Despite the revenue and earnings miss, the company saw growth in funds from operations and collection of rents. The sentiment remains cautious as the company maintains guidance but faces interest expense pressures.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $0 Operating expenses $48 Left as operating profit $52

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Reported figures

Earnings per share
$0.16

What stood out

  • Revenue Consistency

    Revenue remained flat at $40 million compared to Q4 2025, reflecting stability year-over-year.

  • 100% Rents Collected

    The company reported that 100% of rents were collected, indicating strong tenant performance.

  • Growth in Funds from Operations

    Funds from Operations (FFO) demonstrated a notable increase, contributing positively to year-on-year comparisons.

  • Stable Operating Metrics

    The gross margin held steady at 100%, and the operating margin was 52.4%, unchanged from the previous quarter.

  • Ongoing Acquisition Efforts

    An $8.6 million asset purchase agreement for a healthcare property indicates strategic growth initiatives.

  • Strong Debt Management

    Total debt stood at $483 million with a manageable interest rate exposure.

What to watch

  • Interest Rate Exposure

    The company has significant fixed-rate bonds totaling $95.5 million at 6.97% and variable debt of $158.8 million which is sensitive to SOFR fluctuations.

  • Operational Legal Risks

    Pending appeals in court cases can lead to potential financial liabilities as seen in recent litigation dismissals.

  • Rising G&A Expenses

    Increased general and administrative expenses could pressure operating margins moving forward.

Management's outlook

The company has maintained its previous guidance without any changes.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.