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Strawberry Fields REIT (STRW) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 5, 2026

Strawberry Fields REIT (STRW) reported revenue of $40.0M for the third quarter 2026 (Q3 2026), +0.7% from a year earlier and -0.1% from the quarter before. Operating margin was 58.4%, net loss $14.8M (36.9% of revenue).

Revenue$40.0M
Year over year+0.7%
Quarter over quarter-0.1%
Operating margin58.4%
Net earnings−$14.8M

Strawberry Fields REIT, Q3 2026: revenue $40.0M (+0.7% year over year), operating margin 58.4%, net loss $14.8M, operating cash flow $13.5M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$40.0M-0.1%+0.7%
Operating profit$23.4M+9%+4%
Net earnings−$14.8M-784%-832%
Operating cash flow$13.5M-44%-35%

What changed

Revenue was $40.0M in Q3 2026, up 1% year over year and roughly flat from the previous quarter.

Operating profit was $23.4M, a 58.4% margin (up 1.8 points year over year). Of the extra revenue versus Q3 2025, 322% reached operating profit, above the 57% margin then. Total costs fell 4% while revenue rose 1%. The fastest-growing cost line was General & admin (+28%). The quarter ended with a net loss of $14.8M, after a profit of $8.9M the previous quarter. Minority interests bore $11.1M of it: to shareholders the quarter was a loss of $3.6M. Net interest and other expense of $38.1M was the main reason.

Operating cash flow was $13.5M (down 35% year over year). Non-cash charges added back $11.1M of depreciation and amortization. Working capital and other items added $17.1M.

Questions

What was Strawberry Fields REIT's revenue in the third quarter 2026?

Strawberry Fields REIT (STRW) reported revenue of $40.0M for the third quarter 2026 (Q3 2026), +0.7% from a year earlier and -0.1% from the quarter before.

Was Strawberry Fields REIT profitable in the third quarter 2026?

Operating profit was $23.4M (58.4% of revenue) and net loss $14.8M.

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Source: Strawberry Fields REIT 10-Q on SEC EDGAR.