A Business at a Glance
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ITEM 1. Business We are a self-managed and self-administered real estate company that specializes in the acquisition, ownership and triple-net leasing of skilled nursing facilities and other post-acute healthcare properties. As of the date of this Form 10-K, our portfolio consisted of 120 healthcare properties with an aggregate of 14,540 licensed beds. We hold fee title to 119 of these properties and hold one property under a long-term lease. These properties are located across Arkansas, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, Ohio, Oklahoma, Tennessee and Texas. Our 120 properties comprise 130 healthcare facilities, consisting of 118 skilled nursing facilities, 10 assisted living facilities and 2 long-term acute care hospitals.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 145M | 117M | 100M | 93M | 87M |
| Net Income | 7.0M | 4.1M | 2.5M | 1.9M | 393K |
| EPS | $0.60 | $0.57 | $0.39 | $0.31 | $0.06 |
| Free Cash Flow | 0 | 59M | 55M | 51M | 45M |
| ROIC | 3520.8% | 202.5% | 379.2% | 384.9% | 973.8% |
| Gross Margin | - | - | - | - | - |
| Debt/Equity | 0.00 | 38.75 | 75.87 | 63.91 | 236.17 |
| Dividends/Share | $1.91 | - | - | - | $0.24 |
| Operating Income | 79M | 61M | 47M | 50M | 37M |
| Operating Margin | 54.3% | 52.4% | 47.5% | 54.0% | 42.2% |
| ROE | 49.3% | 31.9% | 33.2% | 23.8% | 17.4% |
| Shares Outstanding | 13M | 7M | 6M | 6M | 6M |
| Metric | 2021 | 2022 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 87M | 93M | 100M | 117M | 145M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 37M | 50M | 47M | 61M | 79M |
| Op. Margin | 42.2% | 54.0% | 47.5% | 52.4% | 54.3% |
| Net Income | 393K | 1.9M | 2.5M | 4.1M | 7.0M |
| Net Margin | 0.5% | 2.0% | 2.5% | 3.5% | 4.8% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | N/M | N/M | N/M | N/M | N/M |
| ROE | 17.4% | 23.8% | 33.2% | 31.9% | 49.3% |
| ROA | 0.1% | 0.3% | 0.4% | 0.6% | 521.8% |
| Cash Flow | |||||
| Op. Cash Flow | 45M | 51M | 55M | 59M | 94M |
| Free Cash Flow | 45M | 51M | 55M | 59M | 0 |
| Owner Earnings | 17M | 22M | 26M | 26M | 61M |
| CapEx | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 27M | 29M | 29M | 34M | 34M |
| Growth CapEx | N/A | N/A | N/A | N/A | 0 |
| D&A | 27M | 29M | 29M | 34M | 34M |
| CapEx/OCF | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||
| Dividends Paid | 1.5M | 0 | 0 | 0 | 25M |
| Dividend Yield | N/A | N/A | N/A | N/A | 14.4% |
| Share Buybacks | 0 | 0 | 46K | 2.5M | 2.5M |
| Buyback Yield | N/A | N/A | 0.1% | 3.5% | 1.4% |
| Stock-Based Comp | 250K | N/A | N/A | N/A | N/A |
| Debt Repayment | 22M | 106M | 0 | 0 | 0 |
| Balance Sheet | |||||
| Net Debt | N/A | N/A | N/A | N/A | -20M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | 20M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 236.17 | 63.91 | 75.87 | 38.75 | 0.00 |
| Interest Coverage | 1.6 | 2.2 | 1.8 | 1.8 | 1.8 |
| Equity | 2.3M | 7.8M | 7.5M | 18M | 14M |
| Total Assets | 570M | 547M | 617M | 788M | 1.3M |
| Total Liabilities | 535M | 498M | 570M | 704M | 20M |
| Intangibles | N/A | 23M | 17M | 56M | 56M |
| Retained Earnings | 393K | 1.6M | 1.2M | 1.3M | 1.3M |
| Working Capital | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 21M | 14M | 17M | 19M | 19M |
| Per Share Data | |||||
| EPS | 0.06 | 0.31 | 0.39 | 0.57 | 0.60 |
| Owner EPS | 2.68 | 3.74 | 4.02 | 3.57 | 4.62 |
| Book Value | 0.36 | 1.30 | 1.17 | 2.53 | 1.09 |
| Cash Flow/Share | 7.04 | 8.52 | 8.59 | 8.26 | 3.10 |
| Dividends/Share | 0.24 | N/A | N/A | N/A | 1.91 |
| Shares Out. | 6.4M | 6.0M | 6.4M | 7.2M | 13.1M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | 18.3 | 17.3 | 22.0 |
| P/FCF | N/A | N/A | 0.8 | 1.2 | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | 2.0 |
| Price/Book | N/A | N/A | 6.1 | 3.9 | 12.2 |
| Price/Sales | N/A | N/A | 0.4 | 0.6 | 1.2 |
| FCF Yield | N/A | N/A | 120.0% | 83.7% | N/A |
| Market Cap | N/A | N/A | 46M | 71M | 174M |
| Avg. Price | N/A | N/A | 6.15 | 9.46 | 13.29 |
| Year-End Price | N/A | N/A | 7.15 | 9.87 | 13.29 |
Strawberry Fields REIT, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Strawberry Fields REIT, Inc. trades at 23.3x trailing earnings, compared to its 15-year median P/E of 17.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 1.6x vs a median of 1.0x. Total shareholder yield (dividends + buybacks) is 15.8%. At current prices, the estimated annualized return to fair value is -0.8%.
Strawberry Fields REIT, Inc. (STRW) has a current P/E ratio of 23.3, compared to its historical median P/E of 17.8. The stock is currently considered Expensive based on its historical valuation range.
Strawberry Fields REIT, Inc. (STRW) has a market capitalization of $174M. It is classified as a small-cap stock.
Yes, Strawberry Fields REIT, Inc. (STRW) pays a dividend with a trailing twelve-month yield of 14.40%. The company also returns capital through share buybacks, with a buyback yield of 1.42%.
Based on historical P/E analysis, Strawberry Fields REIT, Inc. (STRW) appears expensive. The current P/E of 23.3 is 31% above its historical median of 17.8. The estimated fair value CAGR (P/E method) is 13.6%.
Strawberry Fields REIT, Inc. (STRW) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Strawberry Fields REIT, Inc. (STRW) reported annual revenue of $117 million in its most recent fiscal year, based on SEC EDGAR filings.
Strawberry Fields REIT, Inc. (STRW) has a net profit margin of 3.5%. This is a modest margin.
Strawberry Fields REIT, Inc. (STRW) generated $59 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Strawberry Fields REIT, Inc. (STRW) has a debt-to-equity ratio of 38.75. This indicates higher leverage, which may increase financial risk.
Strawberry Fields REIT, Inc. (STRW) reported earnings per share (EPS) of $0.57 in its most recent fiscal year.
Strawberry Fields REIT, Inc. (STRW) has a return on equity (ROE) of 31.9%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 4 years of financial data for Strawberry Fields REIT, Inc. (STRW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Strawberry Fields REIT, Inc. (STRW) has a book value per share of $2.53, based on its most recent annual SEC filing.