STRW Real Estate

Strawberry Fields REIT, Inc.

$12.53+0.24%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Real Estate
Industry: REIT - Healthcare Facilities
Country: United States
Market cap: 708.2M USD
Enterprise value: 1.5B USD
Full-time employees: 9

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.63 vs a peer median of 1.20) and more debt relative to equity (98.14× vs a peer median of 0.80×)higher risk: less liquidity (current ratio 0.63 vs peers 1.20) and more debt vs equity (98.14× vs peers 0.80×)

Ranks #213 of 632 real estate companies (top 34%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 122% from December 2022 to August 2026.
Strawberry Fields REIT had 122% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Strawberry Fields REIT had 122% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Much more borrowing than peers. Debt is 98.1× equity vs a peer median of 0.8×.Debt is 98.1× equity vs peers 0.8×.
Debt is 98.1× shareholders' equity, against a peer median of 0.8×, among the highest 10% of its peer group.Debt is 98.1× shareholders' equity, vs peers 0.8×, among the highest 10% of its peer group.
Valuation signals disagree. Cheaper than 83% of peers on operating cash profit (EBITDA), but only 27% on earnings.Cheaper than 83% of peers on operating cash profit, but only 27% on earnings.
Relative to its operating cash profit (EBITDA), Strawberry Fields REIT looks cheaper than 83% of peers; relative to its earnings, cheaper than only 27%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Strawberry Fields REIT looks cheaper than 83% of peers; relative to its earnings, cheaper than only 27%. The valuation score blends the two, so look at which measure fits this business best.
Cash flow well above reported profit. Free cash flow is 9.8× reported profit.
Free cash flow is 9.8× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

StockQuotient Score

58/ 100

Oct 5 57 → Nov 4 58 (+1)

Valuation

Is the price right?

74/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 5.4% (existing holders diluted)

Valuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 73 → 74

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ EBITDA yield
▲ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield1.2%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.86Sector median: 0.0535 · MAD: 0.0484

EBITDA yield9.1%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 1.83Sector median: 0.0536 · MAD: 0.0204

Free cash flow yield11.7%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score 1.18Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield1.2%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

80/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth
▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth30.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.63Sector median: 0.1117 · MAD: 0.3101

3-year revenue growth18.4%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 1.96Sector median: 0.0378 · MAD: 0.0744

Revenue growth18.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.65Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

75/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin54.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.23Sector median: 0.2683 · MAD: 0.2257

Return on assets1.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.85Sector median: 0.0211 · MAD: 0.0134

Return on invested capital8.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.77Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin89.9%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity102.6%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.26

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 1.50Sector median: 0.7490 · MAD: 0.3270

Current ratio0.63×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score -0.79Sector median: 1.1950 · MAD: 0.7210

Debt / equity98.14×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -10.12Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Strawberry Fields REIT

Is Strawberry Fields REIT getting weaker?: Its latest SEC filing (Aug 6, 2026) got weaker in some ways: share count up 5.4%. Its overall score is unchanged at 58/100 since Oct 28, 2026.
How is Strawberry Fields REIT valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 74/100 against 762 real estate peers. EBITDA yield 9.1% vs a peer median of 5.4% (stronger than 83% of peers).EBITDA yield 9.1% vs peers 5.4% (stronger than 83% of peers). Earnings yield 1.2% vs a peer median of 5.3% (weaker than 73% of peers).Earnings yield 1.2% vs peers 5.3% (weaker than 73% of peers).
Is Strawberry Fields REIT growing?: Yes, faster than most of its peers. Growth scores 80/100 against 762 real estate peers. 3-year revenue growth 18.4% vs a peer median of 3.8% (stronger than 86% of peers).3-year revenue growth 18.4% vs peers 3.8% (stronger than 86% of peers).
How profitable is Strawberry Fields REIT?: More profitable than most of its peers. Profitability scores 75/100 against 762 real estate peers. Return on invested capital 8.9% vs a peer median of 3.4% (stronger than 86% of peers).Return on invested capital 8.9% vs peers 3.4% (stronger than 86% of peers). Return on assets 1.0% vs a peer median of 2.1% (weaker than 70% of peers).Return on assets 1.0% vs peers 2.1% (weaker than 70% of peers).
How risky is Strawberry Fields REIT?: Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Beta 0.26 vs a peer median of 0.75 (stronger than 88% of peers).Beta 0.26 vs peers 0.75 (stronger than 88% of peers). Debt / equity 98.14× vs a peer median of 0.80× (weaker than 100% of peers).Debt / equity 98.14× vs peers 0.80× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Share count up 5.4% (existing holders diluted)

	Previous quarter	Latest quarter	Change
Revenue (12 months)	157.7M USD	159.8M USD	+1.4%
Net income (12 months)	8.3M USD	8.5M USD	+2.4%
Operating margin	54.7%	54.5%	−0.2 pts
Debt	791.4M USD	810.2M USD	+2.4%
Cash	36.6M USD	42.2M USD	+15.3%
Shares outstanding	13.4M	14.2M	+5.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Real Estate · 124 companies

Valuations in Real Estate are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +112% vs the whole market, against a usual +154%.

2016Shaded: most expensive fifth of its range2026

Shown for Real Estate: too few REIT - Healthcare Facilities companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	42.2%	54.0%	47.5%	52.4%	54.4%	▲ 2.0 pts
Net margin	0.5%	2.0%	2.5%	3.5%	4.9%	▲ 1.4 pts
Return on assets (ROA)	0.1%	0.3%	0.4%	0.5%	0.9%	▲ 0.3 pts
Return on equity (ROE)	—	—	—	22.5%	—	—
Debt to equity	—	—	—	37.09×	—	—
Interest coverage	1.57×	2.20×	1.78×	1.76×	1.65×	▼ 6.1%

STRW price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.63 vs a peer median of 1.20) and more debt relative to equity (98.14× vs a peer median of 0.80×)higher risk: less liquidity (current ratio 0.63 vs peers 1.20) and more debt vs equity (98.14× vs peers 0.80×)

Ranks #213 of 632 real estate companies (top 34%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 122% from December 2022 to August 2026.

Strawberry Fields REIT had 122% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Strawberry Fields REIT had 122% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Much more borrowing than peers. Debt is 98.1× equity vs a peer median of 0.8×.Debt is 98.1× equity vs peers 0.8×.

Debt is 98.1× shareholders' equity, against a peer median of 0.8×, among the highest 10% of its peer group.Debt is 98.1× shareholders' equity, vs peers 0.8×, among the highest 10% of its peer group.

Valuation signals disagree. Cheaper than 83% of peers on operating cash profit (EBITDA), but only 27% on earnings.Cheaper than 83% of peers on operating cash profit, but only 27% on earnings.

Relative to its operating cash profit (EBITDA), Strawberry Fields REIT looks cheaper than 83% of peers; relative to its earnings, cheaper than only 27%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Strawberry Fields REIT looks cheaper than 83% of peers; relative to its earnings, cheaper than only 27%. The valuation score blends the two, so look at which measure fits this business best.

Cash flow well above reported profit. Free cash flow is 9.8× reported profit.

Free cash flow is 9.8× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Questions investors ask about Strawberry Fields REIT

Is Strawberry Fields REIT getting weaker?

Its latest SEC filing (Aug 6, 2026) got weaker in some ways: share count up 5.4%. Its overall score is unchanged at 58/100 since Oct 28, 2026.

How is Strawberry Fields REIT valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 74/100 against 762 real estate peers. EBITDA yield 9.1% vs a peer median of 5.4% (stronger than 83% of peers).EBITDA yield 9.1% vs peers 5.4% (stronger than 83% of peers). Earnings yield 1.2% vs a peer median of 5.3% (weaker than 73% of peers).Earnings yield 1.2% vs peers 5.3% (weaker than 73% of peers).

Is Strawberry Fields REIT growing?

Yes, faster than most of its peers. Growth scores 80/100 against 762 real estate peers. 3-year revenue growth 18.4% vs a peer median of 3.8% (stronger than 86% of peers).3-year revenue growth 18.4% vs peers 3.8% (stronger than 86% of peers).

How profitable is Strawberry Fields REIT?

More profitable than most of its peers. Profitability scores 75/100 against 762 real estate peers. Return on invested capital 8.9% vs a peer median of 3.4% (stronger than 86% of peers).Return on invested capital 8.9% vs peers 3.4% (stronger than 86% of peers). Return on assets 1.0% vs a peer median of 2.1% (weaker than 70% of peers).Return on assets 1.0% vs peers 2.1% (weaker than 70% of peers).

How risky is Strawberry Fields REIT?

Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Beta 0.26 vs a peer median of 0.75 (stronger than 88% of peers).Beta 0.26 vs peers 0.75 (stronger than 88% of peers). Debt / equity 98.14× vs a peer median of 0.80× (weaker than 100% of peers).Debt / equity 98.14× vs peers 0.80× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

157.7M USD

159.8M USD

+1.4%

Net income (12 months)

8.3M USD

8.5M USD

+2.4%

Operating margin

54.7%

54.5%

−0.2 pts

Debt

791.4M USD

810.2M USD

+2.4%

Cash

36.6M USD

42.2M USD

+15.3%

Shares outstanding

13.4M

14.2M

+5.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

42.2%

54.0%

47.5%

52.4%

54.4%

▲ 2.0 pts

Net margin

0.5%

2.0%

2.5%

3.5%

4.9%

▲ 1.4 pts

Return on assets (ROA)

0.1%

0.3%

0.4%

0.5%

0.9%

▲ 0.3 pts

Return on equity (ROE)

—

22.5%

—

Debt to equity

—

37.09×

—

Interest coverage

1.57×

2.20×

1.78×

1.76×

1.65×

▼ 6.1%