Strawberry Fields Reit, Inc. is a US-listed company in the health care REITs industry. Its financial year ends in December.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $160m, up 18.3% on a year earlier, slower than the 24.6% growth a quarter earlier. The diluted share count is up 31.7% on a year earlier, which dilutes existing holders.
Our model value for Strawberry Fields Reit is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Strawberry Fields Reit, Inc.'s trailing-twelve-month revenue grew 18.3% year on year, with a free-cash-flow margin of 25.9%. Where it lags: change in growth rate of -6.3pp ranks 17 of 17 health care reits companies we cover.
Current signal Free cash flow diverging from earnings: TTM free cash flow fell 16.2% while net income grew 42.4%: a 59pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No model value for Strawberry Fields Reit, Inc. at the moment. Current status: no valuation model gives a value we can rate yet. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Strawberry Fields Reit, Inc. as an equity reit, with every model that fits that kind of business. Cost of equity 7.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.64 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. | ~$66 ~$56–$82 | Left out: out of range vs price (5.31x) |
| Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. | ~$1.3 ~$32–$62 | Left out: out of range vs price (0.10x) |
| Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Strawberry Fields Reit, Inc. with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moderate moat
How hard Strawberry Fields Reit's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Net income has been a median 0.5% of total assets over 5 years.
Operating margin has been a median 53.7%; its worst year was 40.5%.
Free cash flow was positive in 5 of 5 years, at a median 25.9% of revenue.
AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.
Next results: November 5, 2026, after the close. Analysts expect revenue of $40m and EPS of $0.17 (range $0.17 to $0.17) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $0.68 | +13% | $161m | +4% |
| Next | $0.83 | +23% | $171m | +6% |
Next year's EPS estimate has moved +1.8% in 90 days, across 4 analysts.
The consensus EPS forecast for the current fiscal year is −2.2% on 90 days ago. In the last 30 days, 1 analyst raised Strawberry Fields Reit, Inc.'s forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.69 | $0.81 |
| 60 days ago | $0.68 | $0.83 |
| 30 days ago | $0.68 | $0.83 |
| 7 days ago | $0.68 | $0.83 |
| Now | $0.68 | $0.83 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.17 | $0.16 | −3.0% |
| Mar 2026 | $0.16 | $0.17 | +8.5% |
| Dec 2025 | $0.13 | $0.15 | +18.4% |
| Sept 2025 | $0.13 | $0.16 | +23.1% |
Adjusted EPS as companies report it, against the average analyst estimate.
Last 12 months +12.9%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $135m | $160m | +18.3% |
| Net margin | 4.4% | 5.3% | +20.4% |
| P/E multiple | 18.7x | 19.5x | +4.4% |
| Share count | 10m | 13m | −24.1% |
Biggest factor: share count.
| Calendar year | 2024 | 2025 | 2026 to date |
|---|---|---|---|
| Return | |||
| STRW | +44% | +31% | −1% |
| Industry peers (median) | +12% | +17% | +13% |
| S&P 500 | +25% | +18% | +11% |
| Months that ended higher | |||
| STRW | 75% | 67% | 46% |
| S&P 500 | 75% | 75% | 46% |
| Largest fall from a high during the year | |||
| STRW | −27% | −23% | −14% |
| S&P 500 | −8% | −19% | −9% |
Worst fall since February 22, 2023: 33% from February 22, 2023 to April 6, 2023. Getting back needed a 49% gain, reached on April 8, 2024, 368 days after the low.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| February 19, 2026 | +2.8% | +0.5% | +0.8% | −0.2% |
| February 27, 2025 | −2.3% | −0.1% | +0.3% | +1.0% |
| November 8, 2024 | −9.2% | +0.5% | −8.7% | −15.8% |
| August 12, 2024 | +4.2% | +1.7% | +9.0% | +10.1% |
| May 14, 2024 | +0.3% | +1.7% | +1.4% | +10.5% |
| November 14, 2023 | +3.0% | +2.2% | +7.6% | +8.1% |
| August 15, 2023 | +1.4% | −1.9% | +3.0% | −5.9% |
| May 15, 2023 | −3.0% | −0.3% | +0.9% | +1.4% |
| March 9, 2023 | +0.1% | −3.3% | −6.5% | −19.7% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $97.9M |
| FY23 Q4 | $99.8M |
| FY24 Q1 | $103.4M |
| FY24 Q2 | $108.4M |
| FY24 Q3 | $112.1M |
| FY24 Q4 | $117.1M |
| FY25 Q1 | $126.6M |
| FY25 Q2 | $135.1M |
| FY25 Q3 | $145.4M |
| FY25 Q4 | $155M |
| FY26 Q1 | $157.7M |
| FY26 Q2 | $159.8M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q3 | 6.5% |
| FY23 Q4 | 7.8% |
| FY24 Q1 | 10.2% |
| FY24 Q2 | 12.5% |
| FY24 Q3 | 14.5% |
| FY24 Q4 | 17.3% |
| FY25 Q1 | 22.4% |
| FY25 Q2 | 24.7% |
| FY25 Q3 | 29.8% |
| FY25 Q4 | 32.4% |
| FY26 Q1 | 24.6% |
| FY26 Q2 | 18.3% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q3 | 48.3% |
| FY23 Q4 | 47.5% |
| FY24 Q1 | 50.5% |
| FY24 Q2 | 50.8% |
| FY24 Q3 | 51.8% |
| FY24 Q4 | 52.4% |
| FY25 Q1 | 53.1% |
| FY25 Q2 | 53.7% |
| FY25 Q3 | 54.3% |
| FY25 Q4 | 54.4% |
| FY26 Q1 | 54.7% |
| FY26 Q2 | 54.5% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q3 | 29.5% |
| FY23 Q4 | 27.3% |
| FY24 Q1 | 17.7% |
| FY24 Q2 | 20.7% |
| FY24 Q3 | 15.4% |
| FY24 Q4 | 24.0% |
| FY25 Q1 | 33.0% |
| FY25 Q2 | 36.5% |
| FY25 Q3 | 38.6% |
| FY25 Q4 | 31.6% |
| FY26 Q1 | 30.1% |
| FY26 Q2 | 25.9% |
| Fiscal year | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|
| Income | ||||||
| Revenue | 87 | 93 | 100 | 117 | 155 | 160 |
| EBITDA | 64 | 79 | 77 | 95 | 131 | 129 |
| Operating income | 37 | 50 | 47 | 61 | 84 | 87 |
| Net income | 0 | 2 | 2 | 4 | 8 | 8 |
| Diluted EPS | — | $0.31 | $0.39 | $0.57 | $0.60 | $0.64 |
| Growth (year on year) | ||||||
| Revenue | — | +6.3% | +7.8% | +17.3% | +32.4% | +18.3% |
| EBITDA | — | +22.2% | −2.3% | +23.9% | +37.4% | +18.5% |
| Operating income | — | +35.9% | −5.0% | +29.2% | +37.5% | +20.1% |
| Net income | — | — | +34.8% | +64.1% | +85.0% | +42.4% |
| Diluted EPS | — | — | +25.8% | +46.2% | +5.3% | +8.1% |
| Margins | ||||||
| EBITDA margin | 73.8% | 84.8% | 76.8% | 81.1% | 84.2% | 80.6% |
| Operating margin | 42.2% | 54.0% | 47.5% | 52.4% | 54.4% | 54.5% |
| Net margin | 0.5% | 2.0% | 2.5% | 3.5% | 4.9% | 5.3% |
| Cash flow | ||||||
| Cash from operations | 45 | 51 | 55 | 59 | 90 | 83 |
| Stock-based pay | 0 | — | — | — | 2 | 3 |
| Balance sheet | ||||||
| Cash | 26 | 20 | 12 | 48 | 32 | 42 |
| Total debt | 478 | 457 | 539 | 674 | 795 | 810 |
| Net debt (negative = net cash) | 452 | 437 | 527 | 626 | 763 | 768 |
| Diluted shares | 6m | 6m | 6m | 7m | 13m | 13m |
| Returned to shareholders | ||||||
| Dividends | — | 1 | — | — | — | — |
| Buybacks | — | — | 0 | 2 | 1 | — |
| Total returned | — | 1 | 0 | 2 | 1 | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 29 | 30 | 37 | 38 | 40 | 40 | 40 | 40 |
| EBITDA | 23 | 25 | 31 | 29 | 32 | 33 | 34 | 31 |
| Operating income | 16 | 16 | 20 | 21 | 22 | 21 | 22 | 21 |
| Net income | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Diluted EPS | $0.14 | $0.17 | $0.13 | $0.16 | $0.16 | $0.16 | $0.17 | $0.16 |
| Growth (year on year) | ||||||||
| Revenue | +14.3% | +19.7% | +34.1% | +29.3% | +34.8% | +31.5% | +7.1% | +5.8% |
| EBITDA | +18.2% | +21.5% | +40.6% | +31.3% | +36.6% | +32.9% | +6.7% | +4.7% |
| Operating income | +22.8% | +26.8% | +41.4% | +34.8% | +40.2% | +33.8% | +9.6% | +4.3% |
| Net income | +60.3% | +105.5% | +112.3% | +108.5% | +113.7% | +37.6% | +43.9% | +10.3% |
| Diluted EPS | +55.6% | +54.5% | +8.3% | +14.3% | +14.3% | −5.9% | +30.8% | 0.0% |
| Margins | ||||||||
| EBITDA margin | 78.6% | 81.1% | 84.3% | 77.4% | 79.7% | 81.9% | 84.0% | 76.6% |
| Operating margin | 54.4% | 51.5% | 54.1% | 54.5% | 56.6% | 52.4% | 55.4% | 53.7% |
| Net margin | 3.2% | 4.8% | 4.2% | 5.2% | 5.1% | 5.0% | 5.7% | 5.4% |
| Cash flow | ||||||||
| Cash from operations | 12 | 25 | 19 | 30 | 21 | 21 | 17 | 24 |
| Stock-based pay | — | — | 0 | 0 | 0 | 2 | 2 | 0 |
| Last 12 months unless stated | STRW | CHCT | UHT | NHP | LTC | DEA | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $160m | $125m | $99m | $344m | $348m | $365m | $919m |
| Revenue growth, last 12 months | 18.3% | 5.7% | 0.8% | −1.2% | 59.8% | 11.4% | 15.0% |
| Revenue growth, 3-year average | 18.4% | 5.9% | 2.1% | 0.2% | 22.5% | 8.2% | 12.0% |
| Revenue growth, latest quarter | 5.8% | 7.4% | 0.5% | 2.6% | 64.1% | 8.7% | 11.1% |
| Gross margin | — | — | — | 37.9% | — | 77.2% | 60.1% |
| Operating margin | 54.5% | — | 35.3% | 3.2% | 62.6% | 19.7% | 35.3% |
| Operating margin, 3-year average | 53.0% | — | 35.7% | −10.7% | 83.2% | 15.9% | 35.7% |
| Net margin | 5.3% | 16.8% | 19.4% | −16.7% | 38.9% | 4.0% | 7.8% |
| Cash from operations / revenue | 51.9% | 47.7% | 48.5% | 14.7% | 40.7% | 44.2% | 41.7% |
| Free-cash-flow margin | 25.9% | 31.0% | 19.3% | 6.9% | 37.5% | 9.7% | 15.1% |
| Free-cash-flow margin, 3-year average | 27.7% | 31.7% | 19.1% | −10.1% | 47.6% | 23.6% | 19.1% |
| Stock pay / revenue | 2.1% | 8.5% | 0.9% | 1.6% | 2.5% | 2.1% | 1.6% |
| Change in share count | 31.7% | 1.0% | 0.2% | 29.5% | 7.4% | 6.1% | 6.1% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 18.3% | 15.0% | 7 of 17 |
| Change in growth rate Growth | -6.3pp | +1.1pp | 17 of 17 |
| Operating margin Profitability | 54.5% | 35.3% | 2 of 5 |
| Net margin Profitability | 5.3% | 7.8% | 10 of 17 |
| Stock pay as % of revenue Cash generation | 2.1% | 1.8% | 11 of 16 |
| Long-term debt as % of assets Balance sheet | 92.2% | 47.4% | 14 of 14 |
| Change in share count Balance sheet | 31.7% | 6.1% | 17 of 17 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| First Eagle Investment Management, LLC | $11.1M | 810K | 19.4% | ▲ 145.7% |
| Blackrock, Inc. | $8.9M | 650K | 15.6% | ▲ 16.9% |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $4.8M | 349K | 8.4% | ▲ 5.5% |
| Vanguard Capital Management LLC | $4.3M | 310K | 7.4% | ▲ 2.4% |
| State Of New Jersey Common Pension Fund D | $2.9M | 208K | 5.0% | ▲ 5.1% |
| Geode Capital Management, LLC | $2.7M | 195K | 4.7% | ▲ 11.4% |
| State Street Corp | $2.3M | 169K | 4.1% | ▲ 1.1% |
| Gabelli Funds LLC | $2M | 144K | 3.5% | 0.0% |
| White Pine Capital LLC | $1.8M | 129K | 3.1% | ▼ 47.2% |
| Uniplan Investment Counsel, Inc. | $1.8M | 128K | 3.1% | ▲ 2.3% |
| Two Sigma Investments, LP | $1.6M | 116K | 2.8% | ▼ 11.6% |
| Alyeska Investment Group, L.P. | $1.4M | 100K | 2.4% | 0.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Strawberry Fields Reit, Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Gertz Stanford Director | March 18, 2026 | Buy | 1,395 | $12.52 | $17,465 |
| Gertz Stanford Director | March 13, 2026 | Buy | 392 | $12.89 | $5,053 |
| Flamion Greg Curtis Chief Financial Officer | January 16, 2026 | Buy | 1,431 | $13.10 | $18,746 |
| Bajtner Jeffrey Chief Investment Officer | January 16, 2026 | Buy | 1,431 | $13.10 | $18,746 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around May 22, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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