Strawberry Fields REIT Inc. has announced its operating results for the second quarter of 2025, reporting a significant increase in rental revenues and net income. The company achieved a 29% rise in rental revenues, amounting to an additional $8.6 million, largely driven by the acquisition of new properties and lease renewals. In terms of net income, Strawberry Fields REIT saw an increase to $8.7 million in the second quarter of 2025, up from $7 million in the same period the previous year. This growth is attributed to higher rental income and new property acquisitions, despite higher depreciation, amortization expenses, and increased interest expenses. The company also completed the acquisition of a skilled nursing facility near Houston, Texas, for $11.5 million, which is expected to contribute positively to future rental income. The facility was leased to an existing third-party operator under their Texas Master Lease 2, with initial annual base rents set at $1.3 million, subject to 3% annual increases. Strawberry Fields REIT highlights that 100% of contractual rents were collected, underscoring the company's operational efficiency and financial health.
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