Strawberry Fields REIT (STRW)
Health-care REIT leasing skilled-nursing properties to operators under triple-net leases.
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Owns health-care real estate, primarily skilled-nursing facilities, and earns rent under long-term triple-net leases while tenants handle operations and property costs. Relationship-led sourcing and active tenant monitoring support acquisitions, while tenant reimbursement and related-party lease exposure shape the model.
Owns skilled-nursing facilities, assisted-living facilities, and long-term acute-care hospitals across a multi-state U.S. footprint, leasing them mainly to third-party operators through long-term triple-net arrangements. The model generates rent while tenants bear property taxes, insurance, maintenance, repairs, operating costs, and capital expenditures; skilled nursing supplies nearly all of the rent base.
Sources health-care properties through operator relationships, including off-market and smaller transactions, and monitors tenants with monthly financial information and facility visits. Its portfolio and rent base depend on tenants' ability to operate under Medicare, Medicaid, and other reimbursement systems, while master leases connect obligations across facilities. Affiliates of the chief executive and a director account for a substantial portion of leased facilities and rent, and those related-party leases are not negotiated at arm's length.
Company facts
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Aug 11, 2026 | Piper Sandler | Target | $16 | |
| Aug 10, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $16 |
| May 8, 2026 | Industrial Alliance Securities | Target | $16 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $42.2M · Total debt $803.3M · Total assets $878.5M · Shareholders' equity $8.3M
- Revenue
- $40.0M
- Operating income
- $21.5M
- Net income
- $2.2M
Raised for 2 straight years — most recently to $0.17 from $0.16 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Sep 16, 2026 | Sep 16 | Sep 30 | $0.17 | upcoming |
| Jun 16, 2026 | Jun 16 | Jun 30 | $0.17 | raised from $0.16 |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.16 | |
| Dec 16, 2025 | Dec 16 | Dec 30 | $0.16 | |
| Sep 16, 2025 | Sep 16 | Sep 30 | $0.16 | raised from $0.14 |
| Jun 16, 2025 | Jun 16 | Jun 30 | $0.14 | |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.14 | |
| Dec 16, 2024 | Dec 16 | Dec 30 | $0.14 | raised from $0.13 |
| Sep 16, 2024 | Sep 16 | Sep 30 | $0.13 |
| Institutions79 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | ≈ 26.68% | 3.78M shares | |
| Otherremainder | ≈ 73.32% | 10.38M shares |
14.16M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
BlackRock, Inc.Institution | 4.59% | 650,466 | 13Fas of Jun 30, 2026 |
First Eagle Investment Management, LLCInstitution | 2.86% | 404,890 | 13Fas of Jun 30, 2026 |
Diamond Hill Capital Management IncInstitution | 2.46% | 348,631 | 13Fas of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.19% | 309,734 | 13Fas of Jun 30, 2026 |
State of New Jersey Common Pension Fund DInstitution | 1.47% | 208,000 | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
Nothing filed in the last 12 months.
- CareTrust REIT
Direct rival in skilled-nursing acquisitions and triple-net leasing.
- Omega Healthcare Investors
Large-scale capital provider to skilled-nursing and assisted-living operators.
- Sabra Health Care REIT
Large SNF property investor with NNN and managed operator relationships.
- LTC Properties
Active but declining-focus rival for skilled-nursing assets and operators.
- National Health Investors
Peripheral rival for SNF sale-leasebacks and health-property capital.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Strawberry Fields REIT | $13.63 | +0.22% | $182.6M | 21.3 | 17.9 | 1.1 | +5.7% |
| CareTrust REIT | $39.57 | −0.03% | $9.35B | 24.6 | 24.9 | 17.2 | +5.1% |
| Omega Healthcare Investors | $47.13 | +0.30% | $14.06B | 16.8 | 24.3 | 10.9 | −7.0% |
| Sabra Health Care REIT | $20.86 | −0.38% | $5.26B | 79.5 | 28.3 | 6.1 | +24.7% |
| LTC Properties | $41.92 | +0.78% | $2.13B | 14.9 | 20.6 | 6.1 | −56.2% |
| National Health Investors | $71.51 | −0.04% | $3.47B | 20.7 | 20.5 | 8.0 | −21.9% |
| Median | 20.7 | 24.3 | 8.0 | −7.0% |