Strawberry Fields Reports Q3 2026 Revenue Growth Amid One-Time Foreign Currency Loss
Strawberry Fields (STRW) reported third-quarter revenue of $40 million, a slight increase driven by recent property acquisitions. While the company posted a net loss of $14.8 million, this was primarily attributed to a non-recurring $24.6 million foreign currency transaction loss related to bond redemptions. On an adjusted basis, performance remains strong with adjusted net income rising 11% year-over-year. The company is aggressively expanding its portfolio, targeting $100 million to $150 million in annual acquisitions and maintaining a pipeline of $400 million. Recent activity includes significant acquisitions in Missouri and Indiana, alongside a $90 million disposition of facilities in Arkansas which yielded a $60 million capital gain. Management intends to reinvest these gains via 1031 exchanges to support continued growth.
Topics: acquisitions foreign currency impact net loss revenue growth