<span item_type="fundamental" item_id="13e91738e08c6f9df27c786fefc142ed" counter_id="ST/US/STRW" env="prod"></span><span item_type="announcement" item_id="579910125146996737" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 39.71 M, beating the estimate of USD 38.41 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD 0.16, beating the estimate of USD 0.13.</p><p>EBIT: As of FY2025 Q3, the actual value is USD 35.48 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Rental Revenues</strong>: For the nine months ended September 30, 2025, rental revenues were $114.9 million, an increase of 33% from $86.6 million in the same period in 2024. For the three months ended September 30, 2025, rental revenues were $39.7 million, a 35% increase from $29.5 million in the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1782430/000149315225021088/form10-q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: For the nine months ended September 30, 2025, net income was $24.5 million, a 23% increase from $19.9 million in the same period in 2024. For the three months ended September 30, 2025, net income was $8.9 million, a 29% increase from $6.9 million in the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1782430/000149315225021088/form10-q.htm"></span></li><li><strong>Depreciation and Amortization</strong>: For the nine months ended September 30, 2025, depreciation and amortization expenses were $34.4 million, a 39% increase from $24.7 million in the same period in 2024. For the three months ended September 30, 2025, these expenses were $11.8 million, a 42% increase from $8.3 million in the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1782430/000149315225021088/form10-q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Provided by Operating Activities</strong>: For the nine months ended September 30, 2025, net cash provided by operating activities was $69.5 million, compared to $34.5 million in the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1782430/000149315225021088/form10-q.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: For the nine months ended September 30, 2025, net cash used in investing activities was $107.3 million, compared to $43.0 million in the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1782430/000149315225021088/form10-q.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: For the nine months ended September 30, 2025, net cash provided by financing activities was $0.08 million, compared to $24.0 million in the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1782430/000149315225021088/form10-q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Funds from Operations (FFO)</strong>: For the nine months ended September 30, 2025, FFO was $58.9 million, compared to $44.6 million in the same period in 2024. For the three months ended September 30, 2025, FFO was $20.7 million, compared to $15.2 million in the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1782430/000149315225021088/form10-q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to grow its portfolio by diversifying investments by tenant, facility type, and geography. It aims to invest in assets that provide opportunities for dividend growth and appreciation in asset value while maintaining balance sheet strength and liquidity.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1782430/000149315225021088/form10-q.htm"></span></li><li><strong>Non-Core Business</strong>: The company has entered into a purchase agreement for a skilled nursing facility in Oklahoma, expected to close before year-end, with an acquisition cost of $3.0 million and initial annual base rents of $0.3 million, subject to 3% annual rent increases.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1782430/000149315225021088/form10-q.htm"></span></li></ul>

Strawberry Fields REIT | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 39.71 M