Strawberry Fields REIT (STRW) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, August 14, 2026 astatine 9:07 AM CDT 54 min read

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DATE

Friday, Aug. 7, 2026, astatine 12 p.m. ET

CALL PARTICIPANTS

• Chief Investment Officer-Jeffrey Bajtner

• Chairman and CEO-Moishe Gubin

• CFO-Greg Flamion

Full Conference Call Transcript

Operator: [Operator Instructions] I would present similar to manus the league implicit to your talker today, Jeffrey Bajtner, Chief Investment Officer.

Jeffrey Bajtner: Thank you and invited to Strawberry Fields REIT's Q2 2026 net call. I americium the Chief Investment Officer, and joining maine contiguous connected the telephone are Moishe Gubin, our Chairman and CEO, and Greg Flamion, our CFO. Yesterday evening, the institution issued its Q2 2026 net results, which are disposable connected the company's capitalist website. Participants should beryllium alert that this telephone is being recorded and listeners are advised that immoderate forward-looking statements made connected today's telephone are based connected management's existent expectations, assumptions, and beliefs astir Strawberry Fields REIT's concern and the situation successful which it operates.

These statements whitethorn see projections regarding aboriginal fiscal dividends, acquisitions, investments, returns, financings, and whitethorn oregon whitethorn not notation different matters affecting the company's concern oregon the businesses of its tenants, including factors that are beyond its control. Additionally, references volition beryllium made during this telephone to non-GAAP fiscal results. Investors are encouraged to reappraisal these non-GAAP fiscal measures arsenic good arsenic mentation and reconciliation of these measures to the comparable GAAP results included connected the non-GAAP measurement reconciliation pages astatine the backmost of our capitalist presentation. And now, connected to discussing Strawberry Fields REIT and our Q2 2026 performance. I wanted to commencement by sharing immoderate cardinal highlights for the quarter.

During the quarter, the institution collected 100% of its contractual rents. On June 18th, the institution closed connected its firm recognition installation with availability up to $300 million. The recognition installation is comprised of a $100 cardinal word indebtedness and a $200 cardinal revolving enactment of credit, some having archetypal 3-year presumption and 2 1-year hold options. Proceeds from the recognition installation were utilized to refinance existing secured slope debt, and the remainder volition beryllium disposable to enactment acquisition growth. The complaint connected the recognition installation is SOFR positive 2.75%.

On April 21st, the institution entered into a declaration for the acquisition of a infirmary field comprised of a licensed 60-bed hospital, licensed 99-bed skilled nursing facility, and ancillary aesculapian bureau buildings adjacent Kansas City, Missouri. The acquisition terms volition beryllium $10.4 million, and the institution expects to money the acquisition from the equilibrium sheet. The infirmary field volition beryllium added to an existing maestro lease of a tenant successful Missouri with yearly basal rents of $1.04 cardinal and taxable to 3% yearly rent increases. The institution expects to adjacent connected this acquisition during Q3. Deal-wise, we person been precise engaged looking astatine deals and existing successful caller states.