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Strawberry Fields REIT Inc (STRW)
:STRW
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.15Last Year’s EPS
0.11Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 09, 2023
|% Change Since: -8.36%
|Next Earnings Date:Nov 14, 2022
Earnings Call Sentiment|Positive
The earnings call presented a generally optimistic outlook for Strawberry Fields REIT, emphasizing strong rent collection, strategic acquisitions, and consistent dividend growth. However, there were some concerns about increased liabilities and a slight decrease in quarterly net income due to higher interest expenses. Overall, the positive aspects, such as revenue and income growth, and successful acquisitions outweigh the negative aspects.Company Guidance
During the Strawberry Fields REIT third quarter 2024 earnings call, the company provided several key metrics and guidance for future performance. The company reported collecting 100% of contractual rents and completed acquisitions of skilled nursing facilities, adding 343 beds in Texas and Tennessee, with annual rent increases expected to grow by $2.195 million. Strawberry Fields REIT's total assets increased by 4% to $661.5 million, while liabilities rose by 3.6% to $606.3 million from the previous quarter. Equity saw a 9.4% increase, reaching $55.2 million. The company declared a cash dividend of $0.14 per share, marking a $0.01 increase from the prior quarter, maintaining their ninth consecutive quarter of dividend payouts. Looking ahead, Strawberry Fields expects to close additional acquisitions worth $110 million, potentially increasing their enterprise value to approximately $1.3 billion, with an expected AFFO growth to $75 million in 2025.100% Rent Collection
The company collected 100% of contractual rents during the third quarter.
Successful Acquisitions
Acquired two skilled nursing facilities near San Antonio, Texas for $15.25 million, increasing annual base rents by $1.525 million, and a property near Nashville, Tennessee for $6.7 million, increasing annual rents by $670,000.
Dividend Increase
The board authorized a cash dividend of $0.14 per share, an increase of $0.01 from the prior quarter, marking the ninth consecutive quarter of dividend payments.
Year-over-Year Net Income Growth
Year-to-date net income increased by $5.5 million or 37.8% compared to the previous year.
Equity Increase
Equity increased by $4.6 million or 9.4% from the previous quarter.
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STRW Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
| Nov 14, 2022 | 2022 (Q3) | ― | ― | ― | ― | ||
| Mar 09, 2023 | 2022 (Q4) | ― | ― | ― | ― | ||
| May 15, 2023 | 2023 (Q1) | -0.1 | 178.00% (+0.18) | ― | ― | ||
| Aug 15, 2023 | 2023 (Q2) | 0.1 | 10.00% (<+0.01) | ― | ― | ||
| Nov 14, 2023 | 2023 (Q3) | 0.168 | -45.24% (-0.08) | ― | ― | ||
| Mar 19, 2024 | 2023 (Q4) | 0.136 | -19.12% (-0.03) | ― | ― | ||
| May 14, 2024 | 2024 (Q1) | 0.078 | 47.44% (+0.04) | ― | ― | ||
| Aug 12, 2024 | 2024 (Q2) | 0.11 | 31.82% (+0.03) | ― | ― | ||
| Nov 08, 2024 | 2024 (Q3) | 0.092 | 52.17% (+0.05) | ― | ― | ||
| Mar 06, 2025 | 2024 (Q4) | 0.11 | ― | ― | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STRW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $11.96 | $11.95 | -0.08% |
| Aug 12, 2024 | $10.06 | $9.34 | -7.16% |
| May 14, 2024 | $9.61 | $9.63 | +0.21% |
| Mar 19, 2024 | $7.49 | $7.51 | +0.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Strawberry Fields REIT Inc (STRW) report earnings?
Strawberry Fields REIT Inc (STRW) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Strawberry Fields REIT Inc (STRW) earnings time?
Strawberry Fields REIT Inc (STRW) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STRW EPS forecast?
STRW EPS forecast for the fiscal quarter 2024 (Q4) is 0.15.
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