Interest rate risk
A meaningful portion of debt is floating rate and tied to SOFR, so higher rates reduce cash flow.
- Scope
- Floating-rate senior debt and mortgage facilities
- Materiality
- high
Strawberry Fields REIT, Inc.
Strawberry Fields REIT, Inc. is a U.S.-based real estate investment trust that owns and finances healthcare-related properties, with a focus on skilled nursing and other long-term care facilities. Its business model centers on acquiring real estate, leasing properties to operators, and funding those assets with mortgage debt and other secured borrowings.
84,2 %
4,9 %
+32,4 %
| % | |
|---|---|
| Healthcare property ownership | 45% Acquisition and ownership of skilled nursing and other healthcare-related real estate. |
| Property leasing | 35% Long-term leases of facilities to healthcare operators and tenants. |
| Mortgage and secured financing | 20% Debt structures tied to property acquisitions and refinancings, including HUD-backed loans. |
The company’s customers are healthcare operators that lease and use its facilities, especially skilled nursing and...
- Skilled nursing operatorsprimary
Lease and operate nursing facilities on company-owned real estate for patient care and reimbursement-driven operations.
- Long-term care tenantsprimary
Use specialized healthcare properties for assisted living, rehabilitation, or related care services.
- Mortgage lenders and HUD-backed financing channelssecondary
Provide secured property financing used to acquire and refinance healthcare assets.
The company’s portfolio is concentrated in the United States, where it owns and finances healthcare properties across...
- •United States is the core operating market for owned healthcare properties
- •Properties and collateral are spread across multiple U.S. states
- •Missouri facilities were acquired with a dedicated mortgage facility
- •Indiana and Tennessee properties appear in acquisition and loan disclosures
- •Some exposure to Israeli shekel exchange rates is disclosed
The company’s strategy is to expand its portfolio of income-producing healthcare real estate through acquisitions and...
01
Expand healthcare property portfoliomedium-term
Growth depends on adding income-producing facilities that can be leased to operators.
02
Optimize financing structureshort-term
Property ownership is capital intensive, so debt mix and maturity profile affect flexibility.
03
Manage interest rate exposureshort-term
Floating-rate borrowings can change cash flow and refinancing economics.
The main business risks come from tenant/operator credit quality, interest rate exposure, and the specialized nature of...
Tenant/operator credit risk
Lease payments depend on healthcare operators that may face reimbursement, occupancy, or liquidity pressure.
- Scope
- Skilled nursing and long-term care tenants
- Materiality
- high
Refinancing and covenant risk
Debt maturities and financial covenants can constrain capital access if operating performance weakens.
- Scope
- Commercial bank loans and bond facilities
- Materiality
- high
Geographic and currency exposure
Disclosures mention local/regional economic conditions and Israeli shekel exchange-rate effects.
- Scope
- Tenant or operator exposure outside the U.S. dollar base
- Materiality
- medium
Straight-line rent
Can create timing differences between cash flow and earnings
Real estate depreciation and impairment
Affects net income and asset carrying values
Debt and interest rate accounting
Affects financing costs and sensitivity to rate changes
: 29.4.2026