EarningsQ2 2026 Earnings Report
IL:STRW Q2 2026 EPS Results
Actual EPS49.74
Consensus EPS51.30
Beat/MissMissed by -1.55
One Year Ago EPS46.64
IL:STRW Q2 2026 Revenue Results
Actual Revenue12.45B
Expected Revenue12.51B
Beat/MissMissed by -60.94M
YoY Revenue Growth+5.78%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
IL:STRW Upcoming Earnings
Strawberry Fields REIT Inc's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
IL:STRW Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized several clear operational strengths — 100% rent collection, a $300M credit facility, revenue growth (+6.4% YTD), strong AFFO and adjusted EBITDA CAGR metrics, an active acquisition pipeline (~$225M+) and conservative dividend/payout discipline. Offsetting these positives were timing and execution challenges on deal closings, higher near-term G&A/one-time closing costs, FX translation pressure from shekel-denominated debt, and a persistent valuation discount versus peers. Management expects pipeline activity to accelerate into Q4 and reiterated plans to close meaningful deals and continue accretive growth. Overall, the positives (stable cash collection, financing flexibility, measurable AFFO/EBITDA growth, and a sizeable pipeline) outweigh the transitory and execution-related negatives.Company Guidance
Consistent Rent Collection
Collected 100% of contractual rents during the quarter and reiterated collection across the portfolio (EBITDARM rent coverage 2.17 as of May 31).
New Corporate Credit Facility
Closed corporate credit facility with up to $300.0M availability ( $100M term loan + $200M revolving), rate = SOFR + 2.75%; proceeds used to refinance secured bank debt and support acquisitions (currently ~$140M available on revolver).
Revenue Growth (Year-to-Date)
6-month revenue of $80.0M, up $4.8M or +6.4% vs. prior year (driven by timing/integration of 2025 acquisitions); Q2 revenue $40.0M, up $2.2M vs. Q2 2025.
AFFO and Adjusted EBITDA Momentum
2026 AFFO reported at $73.9M representing an 11% compound annual growth rate; projected AFFO per share growth 10.1%. 2026 adjusted EBITDA $135.7M representing a 50% CAGR.
Profitability and Earnings Per Share
Year-to-date net income $18.4M or $0.33 per share versus $15.7M or $0.29 per share prior year (improvement in YTD income). Q2 net income $8.9M, marginally higher YoY.
Dividend and Payout Discipline
Board approved Q3 2026 dividend of $0.17/share; YTD dividend $0.70/share representing a 4.9% yield and AFFO payout ratio of ~50.6% (management emphasizes low payout and accretive growth).
Portfolio Scale and Yield
Portfolio of 142 facilities in 10 states with 15,496 licensed beds; management-calculated portfolio value > $1.4B (using $143M annualized base rent at 10% cap). Yield on leases 14.4%; remaining average lease term 6.9 years.
Active Pipeline and Acquisition Activity
Signed contract to acquire a Kansas City hospital campus for $10.4M (expected annual base rent $1.04M with 3% annual bumps). Management cites pipeline in excess of $225M and expects to close ~$100–$150M of deals by year-end (Jeff noted ~ $130M realistic).
IL:STRW Earnings History
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