Filing Flows › Strawberry Fields REIT (STRW) › Q1 2026
Strawberry Fields REIT (STRW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Strawberry Fields REIT (STRW) reported revenue of $40.0M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -0.3% from the quarter before. Operating margin was 55.4%, net earnings $2.3M (5.7% of revenue).
Strawberry Fields REIT, Q1 2026: revenue $40.0M (+7% year over year), operating margin 55.4%, net earnings $2.3M, operating cash flow $17.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $40.0M | -0.3% | +7% |
| Operating profit | $22.1M | +5% | +10% |
| Net earnings | $2.3M | +13% | +44% |
| Operating cash flow | $17.5M | -15% | -8% |
What changed
Revenue was $40.0M in Q1 2026, up 7% year over year and roughly flat from the previous quarter.
Operating profit was $22.1M, a 55.4% margin (up 1.3 points year over year). Of the extra revenue versus Q1 2025, 73% reached operating profit, above the 54% margin then. Total costs grew 4% against revenue growth of 7%. The fastest-growing cost line was General & admin (+23%). Net earnings were $2.3M, up 44% year over year. The effective tax rate was 0.0%.
Operating cash flow was $17.5M (down 8% year over year), 185% of net income including minority interests. Non-cash charges added back $11.5M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $5.0M.
Questions
What was Strawberry Fields REIT's revenue in the first quarter 2026?
Strawberry Fields REIT (STRW) reported revenue of $40.0M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -0.3% from the quarter before.
Was Strawberry Fields REIT profitable in the first quarter 2026?
Operating profit was $22.1M (55.4% of revenue) and net earnings $2.3M.