The company maintains a debt-to-equity ratio of 15.58 as of 2026Q1, reflecting a highly leveraged capital structure that supports its $878.6M asset base.
| Total Assets | 878.63M | 885.23M | 787.59M | 616.79M | 547M | 569.96M | 523.68M |
| Asset Growth % | 91.87% | 12.4% | 27.69% | 12.76% | -4.03% | 8.84% | - |
| Real Estate & Other Assets | -677.91M | 693.64M | 620.5M | 527.85M | 444.88M | 468.02M | 5.52M |
| PP&E (Net) | 760K | 851K | 1.2M | 1.54M | 1.83M | 2.06M | 408.47M |
| Investment Securities | 1000K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 73.44M | 122.38M | 137.94M | 78.8M | 88.66M | 85.22M | 92M |
| Cash & Equivalents | 36.55M | 31.81M | 48.37M | 12.17M | 20.2M | 26.21M | 17.81M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 34.95M | 45.28M | 25.59M | 25.51M | 25.92M | 52.96M |
| Intangible Assets | 66.14M | 67.03M | 26.62M | 7.28M | 10.31M | 13.34M | 16.36M |
| Total Liabilities | 828M | 834.7M | 704.02M | 569.52M | 497.62M | 534.91M | 510.26M |
| Total Debt | 788.73M | 791.35M | 671.74M | 537.99M | 457.25M | 503.86M | 488.81M |
| Net Debt | 752.18M | 759.54M | 623.37M | 525.81M | 437.05M | 477.66M | 471M |
| Long-Term Debt | 533.12M | 790.5M | 670.53M | 536.44M | 455.42M | 501.8M | 486.47M |
| Short-Term Borrowings | 254.85M | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 3.58M | 851K | 1.2M | 1.54M | 1.83M | 2.06M | 2.35M |
| Total Current Liabilities | 254.85M | 22.37M | 18.72M | 16.91M | 13.72M | 20.65M | 13.15M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 13.15M |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 39.27M | 20.98M | 13.56M | 14.63M | 26.64M | 10.4M | 8.3M |
| Total Equity | 50.63M | 50.52M | 83.57M | 47.27M | 49.38M | 35.05M | 13.42M |
| Equity Growth % | -36.58% | -39.54% | 76.78% | -4.27% | 40.9% | 161.18% | - |
| Shareholders Equity | 12.23M | 12.11M | 18.17M | 7.51M | 7.79M | 2.27M | 13.42M |
| Minority Interest | 38.41M | 38.42M | 65.4M | 39.77M | 41.6M | 32.78M | 0 |
| Common Stock | 1K | 1K | 1K | 0 | 0 | 0 | 0 |
| Additional Paid-in Capital | 19.13M | 18.55M | 16.54M | 5.75M | 5.79M | 4.33M | 63.94M |
| Retained Earnings | 1.37M | 1.23M | 1.29M | 1.23M | 1.61M | 393K | -26.74M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 2.56% | 0.91% | 0.58% | 0.43% | 0.33% | 0.98% | 2.27% |
| Return on Equity (ROE) | 39.34% | 11.3% | 6.26% | 5.16% | 4.39% | 22.02% | 88.58% |
| Debt / Assets | 89.77% | 89.4% | 85.29% | 87.22% | 83.59% | 88.4% | 93.34% |
| Debt / Equity | 15.58x | 15.66x | 8.04x | 11.38x | 9.26x | 14.38x | 36.42x |
| Net Debt / EBITDA | 5.66x | 5.82x | 6.53x | 6.83x | 5.55x | 7.40x | 7.09x |
| Book Value per Share | 3.79 | 3.98 | 11.73 | 7.43 | 8.22 | 5.96 | 2.28 |
Operator credit and regulatory
As reported in the latest quarterly filings, STRW has grown total assets to $878.6M in 2026Q1, reflecting a consistent upward trajectory in property acquisition that suggests management is aggressively deploying capital to scale its footprint within the specialized skilled nursing facility market across the Midwest.
The rapid expansion of the asset base, rising from $616.8M in 2023Q4 to current levels, indicates a clear preference for inorganic growth. Investors should monitor whether this pace of acquisition can be sustained without compromising the quality of the underlying portfolio or overextending the company's financial resources.
Based on the provided financial data, STRW maintains a debt-to-equity ratio of 15.58 as of 2026Q1, which appears remarkably conservative for a REIT in an active acquisition phase, suggesting that management is prioritizing balance sheet stability while navigating the capital-intensive nature of healthcare real estate.
While the low leverage ratio provides a significant buffer against interest rate volatility, it also implies that the company has substantial untapped borrowing capacity. This positioning may allow for opportunistic acquisitions, though it warrants investigation into whether this capital structure is a deliberate risk-mitigation strategy or a temporary state.
According to the balance sheet, STRW held $36.6M in cash as of 2026Q1, a figure that has fluctuated significantly from the $12.2M reported in 2023Q4, indicating that the company maintains a variable liquidity position to manage the lumpy capital requirements of its 79-property portfolio.
The volatility in cash balances suggests that liquidity is managed in close coordination with acquisition cycles rather than maintained as a static reserve. Analysts should assess whether these cash levels are sufficient to cover potential maintenance capex or unexpected operator defaults in the current regulatory environment.
As indicated by the reported figures, the company's equity base remains thin at $12.2M in 2026Q1, which, when compared to the $878.6M in total assets, highlights a high reliance on debt financing to support the REIT's extensive property holdings and ongoing expansion efforts.
The minimal equity cushion relative to total assets may amplify the impact of any property-level valuation declines on the company's net worth. This structure suggests that future growth may necessitate either significant retained earnings or potential equity issuance to maintain a balanced capital structure over the long term.
Quick answers to the most common questions about buying STRW stock.
As of 2025, Strawberry Fields REIT LLC (STRW) had total assets of $885.2M including $122.4M in current assets.
Strawberry Fields REIT LLC (STRW) carries total debt of $791.3M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Strawberry Fields REIT LLC (STRW) has total shareholders' equity (book value) of $12.1M ($3.98 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Strawberry Fields REIT LLC (STRW) reported a current ratio of 5.47x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.