Filing Flows

Filing Flows › Companies › Strawberry Fields REIT › Cash flow

Strawberry Fields REIT cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$13.5M in Q3 2026 · $75.8M over twelve months

Operating cash flow$13.5M
Free cash flow+$13.5M

Analysis

In Q3 2026, Strawberry Fields REIT generated $13.5M of operating cash flow. That is $7.2M less than in Q3 2025 ($20.7M).

Over the twelve months to Sep 30, 2026, operating cash flow was $75.8M; the largest uses were net borrowing (+) / repaid (−) ($42.7M), partners ($27.8M), real estate bought ($13.2M); besides operations, cash came from shares issued ($5.2M); the cash balance fell by $17.2M.

Operating cash flow was $13.5M against net income of −$14.8M. The largest differences: depreciation & amortization +$11.1M, receivables −$2.2M, stock-based pay −$1.3M.

Free cash flow

Strawberry Fields REIT: free cash flow by quarterStrawberry Fields REIT: free cash flow by quarter$24.8MQ4 2024$19.0MQ1 2025$29.8MQ2 2025$20.7MQ3 2025$20.6MQ4 2025$17.5MQ1 2026$24.2MQ2 2026$13.5MQ3 2026
Operating cash flow less capital spending.
Strawberry Fields REIT: operating cash flow against capital spendingStrawberry Fields REIT: operating cash flow against capital spendingOperating cash flowCapital spending$24.8M$0Q4 2024$19.0M$0Q1 2025$29.8M$0Q2 2025$20.7M$0Q3 2025$20.6M$0Q4 2025$17.5M$0Q1 2026$24.2M$0Q2 2026$13.5M$0Q3 2026
Latest (Q3 2026): Operating cash flow $13.5M, Capital spending $0.

Capital allocation, year by year

Strawberry Fields REIT: where the cash came from (up) and went (down), by fiscal yearStrawberry Fields REIT: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesAcquisitionsBuybacksDividendsFY2021: Operating cash flow $44.8MFY2021: Net borrowing −$20.7MFY2021: Asset sales $44K$44.8MFY2021FY2022: Operating cash flow $50.9MFY2022: Net borrowing −$1.0MFY2022: Dividends −$637K$50.9MFY2022FY2023: Operating cash flow $54.9MFY2023: Net borrowing $45.2MFY2023: Buybacks −$46K$100MFY2023FY2024: Operating cash flow $59.3MFY2024: Net borrowing $21.6MFY2024: Shares issued $3.2MFY2024: Acquisitions −$5.0MFY2024: Buybacks −$2.5M$84.2MFY2024FY2025: Operating cash flow $90.0MFY2025: Net borrowing −$43.3MFY2025: Shares issued $2.3MFY2025: Buybacks −$652K$92.4MFY2025
Over these 5 years operating cash flow totalled $300M; the largest uses were net borrowing ($65.0M) and acquisitions ($5.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$14.2M
Debt$763M
Net debt$749M
Due within a year$259M

Strawberry Fields REIT funds itself: free cash flow was $75.8M over the last twelve months, and $14.2M of cash and investments stands against $763M of debt ($259M due within a year, 0.1× covered by cash).

Strawberry Fields REIT: debt maturities by year (FY2025)Strawberry Fields REIT: debt maturities by year (FY2025)$259MYear 1$83.3MYear 2$63.4MYear 3$170MYear 4$9.5MYear 5$210MAfter year 5
Principal due in each year as disclosed in the annual report, against $14.2M of cash and investments now.

Where the cash came from and went

Strawberry Fields REIT: sources (+) and uses (−) of cash, Q3 2026Strawberry Fields REIT: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$38.8MNet borrowing (+) / repaid (−)−$34.6MOperating cash flow$13.5MOther investing−$12.8MPartners−$7.1MShares issued$3.3MOther financing−$1.1M
Strawberry Fields REIT: sources (+) and uses (−) of cash, TTM to Q3 2026Strawberry Fields REIT: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$75.8MNet borrowing (+) / repaid (−)−$42.7MPartners−$27.8MCash drawn (+) / kept (−)$17.2MReal estate bought−$13.2MOther financing−$11.0MShares issued$5.2MOther investing−$3.4M

From profit to cash

Strawberry Fields REIT: net income to operating cash flow, Q3 2026Strawberry Fields REIT: net income to operating cash flow, Q3 2026Net income−$14.8MDepreciation & amortization$11.1MStock-based pay−$1.3MReceivables−$2.2MPayables$709KPrepaid and other assets$372KOperating cash flow$13.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$13.5M—−$34.6M$3.3M$38.8M$13.5M
Q2 2026$24.2M—−$1.0M$1.3M−$8.0M$24.2M
Q1 2026$17.5M—−$3.7M$441K−$2.9M$17.5M
Q4 2025$20.6M—−$3.4M$80K−$10.8M$20.6M
Q3 2025$20.7M—−$3.4M—$75.5M$20.7M
Q2 2025$29.8M—−$33.3M—−$60.4M$29.8M
Q1 2025$19.0M—−$3.3M$2.2M$22.6M$19.0M
Q4 2024$24.8M−$1.6M−$27.3M$840K−$40.4M$24.8M

Strawberry Fields REIT: income statement and cash flow

Strawberry Fields REIT, Q3 2026: revenue $40.0M (+0.7% year over year), operating margin 58.4%. The chart follows the revenue to costs, profit and cash.

Strawberry Fields REIT: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.