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Strawberry Fields REIT LLC(STRW)Earnings, Financials & Key Ratios
STRW•AMEX•REIT / Real Estate
$12.95
$170M mkt cap·22.7× P/E·Price updated May 7, 2026
AboutStrawberry Fields REIT LLC, a self-managed and self-administered real estate investment trust, engages in the acquisition, ownership, and leasing of skilled nursing facilities and other post-acute healthcare properties. Its portfolio consists of 79 healthcare properties with an aggregate of 10,426 licensed beds. These properties are located across Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee, and Texas. The company is based in South Bend, Indiana.Show more
- Revenue$117M+17.3%
- FFO$38M+19.6%
- FFO/Share5.37+6.8%
- FFO Payout10.54%+17.5%
- FFO per Share5.37+6.8%
- NOI Margin87%+2.4%
- FFO Margin32.71%+1.9%
- ROE6.26%+21.2%
- ROA0.58%+36.0%
- Debt/Assets85.29%-2.2%
- Net Debt/EBITDA6.53-4.5%
- Book Value/Share11.73+58.0%
STRW Key Insights
Strawberry Fields REIT LLC (STRW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓FFO growing 39.4% TTM
- ✓Sustainable FFO payout ratio of 10.5%
- ✓High NOI margin of 87.0%
- ✓Healthy dividend yield of 4.4%
- ✓Trading at only 1.1x book value
✗Weaknesses
- ✗High debt to equity ratio of 8.0x
- ✗Shares diluted 11.9% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
STRW Price & Volume
Strawberry Fields REIT LLC (STRW) stock price & volume — 10-year historical chart
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STRW Growth Metrics
Strawberry Fields REIT LLC (STRW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years10.38%
TTM29.76%
Profit CAGR
10 Years-
5 Years-
3 Years-8.45%
TTM110.17%
EPS CAGR
10 Years-
5 Years-
3 Years104.35%
TTM21.15%
Return on Capital
10 Years8.25%
5 Years8.25%
3 Years8.85%
Last Year8.96%
STRW Recent Earnings
Strawberry Fields REIT LLC (STRW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (40%)●Beat Revenue 5/12 qtrs (56%)
Q1 2026Latest
Feb 19, 2026EPS
$0.16
Est $0.14
+12.3%
Revenue
$40M
Est $40M
-0.5%
Q4 2025
Nov 6, 2025EPS
$0.16
Est $0.13
+23.1%
Revenue
$40M
Est $38M
+3.4%
Q3 2025
Aug 8, 2025EPS
$0.16
Est $0.30
-46.7%
Revenue
$38M
Est $38M
+0.6%
Q2 2025
May 9, 2025EPS
$0.13
Est $0.29
-55.2%
Revenue
$37M
Est $33M
+14.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 19, 2026 | $0.16vs $0.14+12.3% | $40Mvs $40M-0.5% |
| Q4 2025 | Nov 6, 2025 | $0.16vs $0.13+23.1% | $40Mvs $38M+3.4% |
| Q3 2025 | Aug 8, 2025 | $0.16vs $0.30-46.7% | $38Mvs $38M+0.6% |
| Q2 2025 | May 9, 2025 | $0.13vs $0.29-55.2% | $37Mvs $33M+14.7% |
Based on last 12 quarters of dataView full earnings history →
STRW Peer Comparison
Strawberry Fields REIT LLC (STRW) competitors in Senior housing and skilled nursing — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SBRA | 5.19B | 20.58 | 32.16 | 10.15% | 19.21% | 5.6% | 0.90 | |
 CTRE | 8.82B | 39.51 | 25.17 | 108.79% | 71.55% | 8.63% | 0.22 | |
 LTC | 1.91B | 38.64 | 15.33 | 25.26% | 39.09% | 10.9% | 0.73 | |
 GMRE | 94.26M | 35.74 | 115.29 | -1.79% | 1.69% | 0.49% | 1.18 | |
 OHI | 13.74B | 46.13 | 23.78 | 13.95% | 51.02% | 11.85% | 0.78 | |
 NHI | 3.64B | 75.06 | 24.85 | 12.93% | 36.76% | 9.78% | 0.76 | |
 WELL | 149.25B | 213.02 | 153.25 | 35.82% | 12.31% | 3.49% | 0.49 | |
 VTR | 41.15B | 86.54 | 160.26 | 18.47% | 4.25% | 2.08% | 1.05 |
Compare STRW vs Peers
Strawberry Fields REIT LLC (STRW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
STRW Income Statement
Strawberry Fields REIT LLC (STRW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 84.09M | 87.03M | 92.54M | 99.81M | 117.06M | 145.39M |
| Revenue Growth % | - | 3.5% | 6.33% | 7.85% | 17.29% | 29.76% |
| Property Operating Expenses | 10.34M | 11.36M | 13.66M | 15.02M | 15.22M | 26.97M |
| Net Operating Income (NOI) | 73.75M▲ 0% | 75.67M▲ 2.6% | 78.88M▲ 4.2% | 84.79M▲ 7.5% | 101.84M▲ 20.1% | 118.42M▲ 0% |
| NOI Margin % | 87.7% | 86.95% | 85.24% | 84.95% | 87% | 81.45% |
| Operating Expenses | 34.21M | 38.91M | 28.93M | 37.35M | 40.54M | 39.44M |
| G&A Expenses | 6.24M | 8.07M | 7.72M | 7.33M | 8.4M | 8.63M |
| EBITDA | 66.45M | 64.53M | 78.73M | 76.97M | 95.5M | 122.76M |
| EBITDA Margin % | 79.03% | 74.15% | 85.08% | 77.12% | 81.58% | 84.43% |
| Depreciation & Amortization | 26.92M | 27.77M | 28.79M | 29.53M | 34.19M | 43.77M |
| D&A / Revenue % | 32.01% | 31.91% | 31.11% | 29.58% | 29.21% | 30.11% |
| Operating Income | 39.54M▲ 0% | 36.76M▼ 7.0% | 49.95M▲ 35.9% | 47.44M▼ 5.0% | 61.3M▲ 29.2% | 78.98M▲ 0% |
| Operating Margin % | 47.02% | 42.24% | 53.97% | 47.53% | 52.37% | 54.32% |
| Interest Expense | 23.76M | 21.37M | 21.21M | 25.43M | 33.64M | 4M |
| Interest Coverage | 1.66x | 1.72x | 2.35x | 1.87x | 1.82x | - |
| Non-Operating Income | 3.89M | 6.97M | 12.31M | 1.76M | 1.16M | 726K |
| Pretax Income | 11.89M▲ 0% | 8.42M▼ 29.2% | 16.42M▲ 95.0% | 20.24M▲ 23.3% | 26.5M▲ 30.9% | 31.1M▲ 0% |
| Pretax Margin % | 14.14% | 9.67% | 17.74% | 20.28% | 22.64% | 21.39% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 11.89M▲ 0% | 5.34M▼ 55.1% | 1.85M▼ 65.3% | 2.5M▲ 34.8% | 4.09M▲ 64.1% | 7.02M▲ 0% |
| Net Margin % | 14.14% | 6.13% | 2% | 2.5% | 3.5% | 4.83% |
| Net Income Growth % | - | -55.11% | -65.29% | 34.77% | 64.06% | 110.17% |
| Funds From Operations (FFO) | 38.8M▲ 0% | 33.11M▼ 14.7% | 30.64M▼ 7.5% | 32.02M▲ 4.5% | 38.29M▲ 19.6% | 50.8M▲ 0% |
| FFO Margin % | 46.15% | 38.04% | 33.11% | 32.08% | 32.71% | 34.94% |
| FFO Growth % | - | -14.68% | -7.45% | 4.51% | 19.57% | 156.41% |
| FFO per Share | 6.60 | 5.63 | 5.10 | 5.03 | 5.37 | 3.91 |
| FFO Payout Ratio % | 0% | 4.58% | 2.08% | 8.97% | 10.54% | 13.88% |
| EPS (Diluted) | -2.06▲ 0% | 0.07▲ 103.2% | 0.31▲ 364.1% | 0.39▲ 25.8% | 0.57▲ 46.2% | 0.54▲ 0% |
| EPS Growth % | - | 103.24% | 364.07% | 25.81% | 46.15% | 21.15% |
| EPS (Basic) | -2.07 | 0.07 | 0.31 | 0.39 | 0.57 | - |
| Diluted Shares Outstanding | 5.88M | 5.88M | 6.01M | 6.37M | 7.12M | 12.99M |
STRW Balance Sheet
Strawberry Fields REIT LLC (STRW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Assets | 523.68M | 569.96M | 547M | 616.79M | 787.59M | 880.64M |
| Asset Growth % | - | 8.84% | -4.03% | 12.76% | 27.69% | 133.4% |
| Real Estate & Other Assets | 5.52M | 468.02M | 444.88M | 527.85M | 620.5M | 700.26M |
| PP&E (Net) | 408.47M | 2.06M | 1.83M | 1.54M | 1.2M | 941K |
| Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 92M | 85.22M | 88.66M | 78.8M | 137.94M | 108.46M |
| Cash & Equivalents | 17.81M | 26.21M | 20.2M | 12.17M | 48.37M | 19.8M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 52.96M | 25.92M | 25.51M | 25.59M | 45.28M | 36.14M |
| Intangible Assets | 16.36M | 13.34M | 10.31M | 7.28M | 26.62M | 69.66M |
| Total Liabilities | 510.26M | 534.91M | 497.62M | 569.52M | 704.02M | 818.02M |
| Total Debt | 488.81M | 503.86M | 457.25M | 537.99M | 671.74M | 775.83M |
| Net Debt | 471M | 477.66M | 437.05M | 525.81M | 623.37M | 756.02M |
| Long-Term Debt | 486.47M | 501.8M | 455.42M | 536.44M | 670.53M | 774.88M |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 2.35M | 2.06M | 1.83M | 1.54M | 1.2M | 4.29M |
| Total Current Liabilities | 13.15M | 20.65M | 13.72M | 16.91M | 18.72M | 21.93M |
| Accounts Payable | 13.15M | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 8.3M | 10.4M | 26.64M | 14.63M | 13.56M | 20.27M |
| Total Equity | 13.42M▲ 0% | 35.05M▲ 161.2% | 49.38M▲ 40.9% | 47.27M▼ 4.3% | 83.57M▲ 76.8% | 62.62M▲ 0% |
| Equity Growth % | - | 161.18% | 40.9% | -4.27% | 76.78% | 202.48% |
| Shareholders Equity | 13.42M | 2.27M | 7.79M | 7.51M | 18.17M | 14.25M |
| Minority Interest | 0 | 32.78M | 41.6M | 39.77M | 65.4M | 48.37M |
| Common Stock | 0 | 0 | 0 | 0 | 1K | 1K |
| Additional Paid-in Capital | 63.94M | 4.33M | 5.79M | 5.75M | 16.54M | 17.75M |
| Retained Earnings | -26.74M | 393K | 1.61M | 1.23M | 1.29M | 1.31M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 2.27% | 0.98% | 0.33% | 0.43% | 0.58% | 0.8% |
| Return on Equity (ROE) | 88.58% | 22.02% | 4.39% | 5.16% | 6.26% | 11.22% |
| Debt / Assets | 93.34% | 88.4% | 83.59% | 87.22% | 85.29% | 88.1% |
| Debt / Equity | 36.42x | 14.38x | 9.26x | 11.38x | 8.04x | 8.04x |
| Net Debt / EBITDA | 7.09x | 7.40x | 5.55x | 6.83x | 6.53x | 6.53x |
| Book Value per Share | 2.28 | 5.96 | 8.22 | 7.43 | 11.73 | 4.82 |
STRW Cash Flow Statement
Strawberry Fields REIT LLC (STRW) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | 37.34M | 44.79M | 50.93M | 54.94M | 59.33M | 59.33M |
| Operating CF Growth % | - | 19.93% | 13.71% | 7.89% | 7.98% | 1004.11% |
| Operating CF / Revenue % | 44.41% | 51.46% | 55.03% | 55.05% | 50.68% | 40.81% |
| Net Income | 11.89M | 8.42M | 16.42M | 2.5M | 26.5M | 7.02M |
| Depreciation & Amortization | 26.92M | 27.77M | 28.79M | 29.53M | 34.19M | 31.88M |
| Stock-Based Compensation | 0 | 250K | 0 | 0 | 0 | 72K |
| Other Non-Cash Items | 250K | 1.09M | 12.14M | 19.17M | 4.49M | 29.67M |
| Working Capital Changes | -1.71M | 2.88M | -6.42M | 3.75M | -5.86M | 10.44M |
| Cash from Investing | -6.43M | -58.29M | -10.1M | -106.35M | -136.78M | -201.03M |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | -513K | -108.06M | 0 | -78.57M |
| Sale of Investments | 0 | -1000K | 0 | 0 | 0 | 303K |
| Other Investing | -6.43M | -54.45M | -9.59M | 1.71M | -112.78M | -116.76M |
| Cash from Financing | -26.1M | 23.57M | -47.25M | 43.46M | 133.34M | 109.45M |
| Dividends Paid | 0 | -1.52M | -637K | -2.87M | -4.04M | -7.05M |
| Common Dividends | 0 | 0 | -637K | -2.87M | -4.04M | -7.05M |
| Debt Issuance (Net) | -1000K | 1000K | -1000K | 1000K | 1000K | 0 |
| Share Repurchases | 0 | 0 | 0 | -46K | -2.47M | -2.25M |
| Other Financing | 0 | 0 | -12.35M | -37.16M | -24.24M | -30.16M |
| Net Change in Cash | 4.81M▲ 0% | 10.07M▲ 109.2% | -6.42M▼ 163.8% | -7.95M▼ 23.7% | 55.9M▲ 803.5% | 2.7M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 37.24M | 42.06M | 52.13M | 45.7M | 37.76M | 131.44M |
| Cash at End | 42.06M | 52.13M | 45.7M | 37.76M | 93.66M | 55.95M |
| Free Cash Flow | 37.34M▲ 0% | 44.79M▲ 19.9% | 50.93M▲ 13.7% | 54.94M▲ 7.9% | 35.33M▼ 35.7% | 88.28M▲ 0% |
| FCF Growth % | - | 19.93% | 13.71% | 7.89% | -35.7% | 199.63% |
| FCF / Revenue % | 44.41% | 51.46% | 55.03% | 55.05% | 30.18% | 60.72% |
STRW Key Ratios
Strawberry Fields REIT LLC (STRW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| FFO per Share | 5.63 | 5.1 | 5.03 | 5.37 | 3.91 |
| FFO Payout Ratio | 4.58% | 2.08% | 8.97% | 10.54% | 13.88% |
| NOI Margin | 86.95% | 85.24% | 84.95% | 87% | 81.45% |
| Net Debt / EBITDA | 7.40x | 5.55x | 6.83x | 6.53x | 6.53x |
| Debt / Assets | 88.4% | 83.59% | 87.22% | 85.29% | 88.1% |
| Interest Coverage | 1.72x | 2.35x | 1.87x | 1.82x | - |
| Book Value / Share | 5.96 | 8.22 | 7.43 | 11.73 | 4.82 |
| Revenue Growth | 3.5% | 6.33% | 7.85% | 17.29% | 29.76% |
STRW SEC Filings & Documents
Strawberry Fields REIT LLC (STRW) SEC filings — annual & quarterly reports (10-K, 10-Q)
STRW Frequently Asked Questions
Strawberry Fields REIT LLC (STRW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Strawberry Fields REIT LLC (STRW) reported $145.4M in revenue for fiscal year 2024. This represents a 73% increase from $84.1M in 2020.
Strawberry Fields REIT LLC (STRW) grew revenue by 17.3% over the past year. This is strong growth.
Yes, Strawberry Fields REIT LLC (STRW) is profitable, generating $7.0M in net income for fiscal year 2024 (3.5% net margin).
Dividend & Returns
Yes, Strawberry Fields REIT LLC (STRW) pays a dividend with a yield of 4.37%. This makes it attractive for income-focused investors.
Strawberry Fields REIT LLC (STRW) has a return on equity (ROE) of 6.3%. This is below average, suggesting room for improvement.
Industry Metrics
Strawberry Fields REIT LLC (STRW) generated Funds From Operations (FFO) of $50.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Strawberry Fields REIT LLC (STRW) offers a 4.37% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Explore More STRW
Strawberry Fields REIT LLC (STRW) financial analysis — history, returns, DCA and operating performance tools
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Dividend History
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Earnings History
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Price History
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Revenue History
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