Filing Flows › Strawberry Fields REIT (STRW) › Q2 2025
Strawberry Fields REIT (STRW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Strawberry Fields REIT (STRW) reported revenue of $37.9M for the second quarter 2025 (Q2 2025), +29% from a year earlier and +1% from the quarter before. Operating margin was 54.5%, net earnings $2.0M (5.2% of revenue).
Strawberry Fields REIT, Q2 2025: revenue $37.9M (+29% year over year), operating margin 54.5%, net earnings $2.0M, operating cash flow $29.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.9M | +1% | +29% |
| Operating profit | $20.6M | +2% | +35% |
| Net earnings | $2.0M | +23% | +109% |
| Operating cash flow | $29.8M | +57% | +45% |
What changed
Revenue was $37.9M in Q2 2025, up 29% year over year and up 1% from the previous quarter.
Operating profit was $20.6M, a 54.5% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 52% margin then. Total costs grew 23% against revenue growth of 29%. The fastest-growing cost line was Other operating costs (+28%). Net earnings were $2.0M, up 109% year over year. The effective tax rate was 0.0%.
Operating cash flow was $29.8M (up 45% year over year), 344% of net income including minority interests. Non-cash charges added back $11.3M of depreciation and amortization. Working capital and other items added $9.8M.
Questions
What was Strawberry Fields REIT's revenue in the second quarter 2025?
Strawberry Fields REIT (STRW) reported revenue of $37.9M for the second quarter 2025 (Q2 2025), +29% from a year earlier and +1% from the quarter before.
Was Strawberry Fields REIT profitable in the second quarter 2025?
Operating profit was $20.6M (54.5% of revenue) and net earnings $2.0M.