Corrects typographical error in headline

Overview

• US healthcare property REIT's Q1 rental revenues rose 7% yr/yr on new acquisitions

• Q1 net income, FFO and AFFO all increased from prior year period

• Company signed $300 mln credit facility term sheet and agreed to acquire Missouri hospital campus

Outlook

• Company expects to close $300 mln credit facility during Q2 2026

• Strawberry Fields REIT plans to fund $8.6 mln hospital campus acquisition from balance sheet

• Company says focus remains on disciplined acquisitions and tenant strength in Q2 2026

Result Drivers

• NEW ACQUISITIONS - Increase in rental revenues was primarily due to income from new acquisitions added to Texas and Missouri master leases

• LOWER INTEREST EXPENSE - Decrease in interest expense was mainly due to lower interest payments on commercial loans and note payable, along with higher interest income

• HIGHER OPERATING COSTS - General and administrative expenses increased due to higher professional fees, corporate salaries and other operating expenses

Company press release: ID:nGNX7WxZPB

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Net Income		$9.47 mln
Q1 Adjusted FFO		$18.84 mln
Q1 FFO		$20.93 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialized reits peer group is "buy"

• Wall Street's median 12-month price target for Strawberry Fields Reit Inc is $15.00, about 15.8% above its May 7 closing price of $12.95

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

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