Filing Flows › Strawberry Fields REIT (STRW) › Q1 2025
Strawberry Fields REIT (STRW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Strawberry Fields REIT (STRW) reported revenue of $37.3M for the first quarter 2025 (Q1 2025), +34% from a year earlier and +22% from the quarter before. Operating margin was 54.1%, net earnings $1.6M (4.2% of revenue).
Strawberry Fields REIT, Q1 2025: revenue $37.3M (+34% year over year), operating margin 54.1%, net earnings $1.6M, operating cash flow $19.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.3M | +22% | +34% |
| Operating profit | $20.2M | +29% | +41% |
| Net earnings | $1.6M | +8% | +112% |
| Operating cash flow | $19.0M | -24% | +793% |
What changed
Revenue was $37.3M in Q1 2025, up 34% year over year and up 22% from the previous quarter.
Operating profit was $20.2M, a 54.1% margin (up 2.8 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 51% margin then. Total costs grew 26% against revenue growth of 34%. The fastest-growing cost line was General & admin (+43%). Net earnings were $1.6M, up 112% year over year. The effective tax rate was 0.0%.
Operating cash flow was $19.0M (up 793% year over year), 271% of net income including minority interests. Non-cash charges added back $11.3M of depreciation and amortization and $72K of share-based compensation.
Questions
What was Strawberry Fields REIT's revenue in the first quarter 2025?
Strawberry Fields REIT (STRW) reported revenue of $37.3M for the first quarter 2025 (Q1 2025), +34% from a year earlier and +22% from the quarter before.
Was Strawberry Fields REIT profitable in the first quarter 2025?
Operating profit was $20.2M (54.1% of revenue) and net earnings $1.6M.