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Strawberry Fields REIT Inc (STRW)
:STRW
RESEARCH TOOLSreports
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.1Last Year’s EPS
0.12Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -4.72%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong portfolio expansion, revenue and profit growth, and successful public offerings and acquisitions. However, there were concerns about increased interest expenses, lease renewal challenges, and high debt levels. The company also faces operational concerns in specific markets like Chicagoland.Company Guidance
During the year-end 2024 earnings call for Strawberry Fields REIT LLC, notable guidance was provided on the company's growth and financial performance. The company increased its portfolio by acquiring $130.3 million in grocery properties, expanding from 109 to 124 facilities across ten states, which resulted in a 14% increase in bed count from 12,449 to 14,186 beds. Their tenant base grew from ten to forty operators, and base rents rose from $84 million in 2020 to $104 million in 2024, with expectations to reach $130 million in 2025. Additionally, 88% of facilities are now tied to master leases, and the average lease term extended from 4.6 to 7.4 years. The company collected 100% of its contractual rents and completed a significant acquisition of eight healthcare facilities in Missouri for $87.5 million, as well as entering into its first agreement for six facilities in Canada for $90 million. Financially, total assets grew by 27.7% to $170 million, while total liabilities increased by 23.6% to $134.5 million. The revenue increased by 17.3%, resulting in a net income of $26.5 million, a 30.9% improvement from the previous year. The company's adjusted AFFO was $55.8 million, and EBITDA was $90.6 million, showcasing year-over-year growth. Furthermore, the company declared a cash dividend of $0.14 per share for March 2025, marking the tenth consecutive quarter of dividend payments.Portfolio Expansion
The company increased its portfolio by 19.3%, bringing the overall facility count to 130 facilities, with a corresponding increase in beds from 12,449 to 14,540, representing approximately a 14% increase.
Revenue and Profit Growth
Revenue increased by $17.3 million or 17.3%, resulting in a net income of $26.5 million, which is a 30.9% increase compared to the prior year.
Successful Public Offering
The company completed its first underwritten public offering of approximately 3.34 million shares for total gross proceeds of $35 million.
Dividend Increase
The company increased its dividend from $0.12 per share at the beginning of the year to $0.14 per share by year-end, representing a 16.6% increase in annual dividend distribution per share.
Strategic Acquisitions
The company acquired eight healthcare facilities in Missouri for $87.5 million and entered an agreement for six facilities in Canada for $90 million.
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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 |
|---|---|---|---|---|---|---|---|
| May 20, 2025 | 2025 (Q1) | 0.115 | ― | ― | ― | ||
| Feb 27, 2025 | 2024 (Q4) | 0.11 | 36.36% (+0.04) | ― | ― | ||
| Nov 08, 2024 | 2024 (Q3) | 0.092 | 52.17% (+0.05) | ― | ― | ||
| Aug 12, 2024 | 2024 (Q2) | 0.11 | 31.82% (+0.03) | ― | ― | ||
| May 14, 2024 | 2024 (Q1) | 0.078 | 47.44% (+0.04) | ― | ― | ||
| Mar 19, 2024 | 2023 (Q4) | 0.136 | -19.12% (-0.03) | ― | ― | ||
| Nov 14, 2023 | 2023 (Q3) | 0.168 | -45.24% (-0.08) | ― | ― | ||
| Aug 15, 2023 | 2023 (Q2) | 0.1 | 10.00% (<+0.01) | ― | ― | ||
| May 15, 2023 | 2023 (Q1) | -0.1 | 178.00% (+0.18) | ― | ― | ||
| Mar 09, 2023 | 2022 (Q4) | ― | ― | ― | ― |
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 |
|---|---|---|---|
| Feb 27, 2025 | $11.87 | $11.00 | -7.33% |
| Nov 08, 2024 | $11.82 | $11.81 | -0.08% |
| Aug 12, 2024 | $9.95 | $9.23 | -7.24% |
| May 14, 2024 | $9.50 | $9.52 | +0.21% |
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 May 20, 2025, TBA Not Confirmed.
What is Strawberry Fields REIT Inc (STRW) earnings time?
Strawberry Fields REIT Inc (STRW) earnings time is at May 20, 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 2025 (Q1) is 0.1.
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