Strawberry Fields REIT Files 2023 10-K

TL;DR

<b>Strawberry Fields REIT, Inc. has filed its annual 10-K report for the fiscal year ending December 31, 2023.</b>

AI Summary

Strawberry Fields REIT, Inc. (STRW) filed a Annual Report (10-K) with the SEC on March 19, 2024. Filed 10-K for the fiscal year ended December 31, 2023. Company is Strawberry Fields REIT, Inc., SIC code 6798 (Real Estate Investment Trusts). Incorporated in Maryland, with principal business address in South Bend, IN. Mailing address is in Chicago, IL. Filing includes data for fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking Strawberry Fields REIT, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of the company's financial performance and operational status for the fiscal year 2023. Investors and analysts can use this report to assess the REIT's financial health, strategic direction, and potential risks.

Risk Assessment

Risk Level: medium — Strawberry Fields REIT, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive report, but lacks specific financial performance details in the provided snippet, requiring further analysis of the full document to assess risk.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion, and risk factors to understand Strawberry Fields REIT's performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reported Period)
• 2024-03-19 — Filing Date (Date Filed)
• 0001782430 — Central Index Key (Filer Identifier)
• 6798 — Standard Industrial Classification (Industry Code for Real Estate Investment Trusts)

Key Players & Entities

• Strawberry Fields REIT, Inc. (company) — Filer
• South Bend, IN (location) — Business Address
• Chicago, IL (location) — Mail Address
• Maryland (location) — State of Incorporation

FAQ

Industry Context

Strawberry Fields REIT, Inc. operates within the Real Estate Investment Trusts (REITs) sector, focusing on real estate investment and operations.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit annual reports.

What Investors Should Do

1. Analyze the full financial statements within the 10-K for revenue, net income, and asset details.
2. Examine the risk factors section for potential challenges and uncertainties.
3. Review management's discussion and analysis (MD&A) for insights into business strategy and outlook.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-03-19: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial filing snippet for the 2023 10-K, providing basic identification and filing details.

Key Financial Figures

• $0.0001 — h registered Common stock Par value $0.0001 per share STRW NYSE American LLC
• $60.8 million — ding principal balance of approximately $60.8 million. "Series D Bonds" means the Series D
• $19.2 million — issued an additional NIS 70.0 million ($19.2 million) in Series D Bonds. As of December 31,
• $42.2 million — ding principal balance of approximately $42.2 million. "TASE" means the Tel Aviv Stock Exch
• $102.3 million — es for our properties was approximately $102.3 million. Each healthcare facility located at
• $335.1 million — gregate purchase price of approximately $335.1 million and weighted average lease yield of 15.
• $57.1 million — grown at an approximate 10.2% CAGR from $57.1 million in fiscal year 2017 to $102.3 million a
• $108.0 million — d living facilities for a total cost of $108.0 million (including finder fees and leasehold im
• $0.45 million — l annual cash revenues of approximately $0.45 million. 7 Our management team has extensiv
• $1.2 billion — care related acquisitions totaling over $1.2 billion in gross investment. In addition, our m
• $196.8 billion — re projected to grow from approximately $196.8 billion in 2020, which includes federal expendi
• $266 billion — the COVID-19 pandemic, to approximately $266 billion in 2028. Although skilled nursing and s

Filing Documents

• form10-k.htm (10-K) — 4304KB
• ex4-1.htm (EX-4.1) — 92KB
• ex21-1.htm (EX-21.1) — 117KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 10KB
• 0001493152-24-010409.txt (&nbsp;) — 16185KB
• strw-20231231.xsd (EX-101.SCH) — 97KB
• strw-20231231_cal.xml (EX-101.CAL) — 75KB
• strw-20231231_def.xml (EX-101.DEF) — 294KB
• strw-20231231_lab.xml (EX-101.LAB) — 617KB
• strw-20231231_pre.xml (EX-101.PRE) — 408KB
• form10-k_htm.xml (XML) — 3739KB

Business

Business 7 Item 1A.

Risk Factors

Risk Factors 31 Item 1B. Unresolved Staff Comments 31 Item 1C. Cybersecurity 31 Item 2.

Properties

Properties 31 Item 3.

Legal Proceedings

Legal Proceedings 32 Item 4. Mine Safety Disclosures 32 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 33 Item 6. [Reserved] 33 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 34 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 46 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 46 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 47 Item 9A.

Controls and Procedures

Controls and Procedures 47 Item 9B. Other Information 47 Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 47 PART III Item 10. Directors, Executive Officers and Corporate Governance 48 Item 11.

Executive Compensation

Executive Compensation 48 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 48 Item 13. Certain Relationships and Related Transactions, and Director Independence 48 Item 14. Principal Accountant Fees and Services 48 PART IV Item 15. Exhibit and Financial Statement Schedules 49 Item 16. Form 10-K Summary 50 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain laws. Forward-looking statements provide our current expectations or forecasts of future events and are not statements of historical fact. This Form 10-K also contains forward-looking statements by third parties relating to market and industry data and forecasts; forecasts and other forward-looking information obtained from these sources are subject to the same qualifications and uncertainties as the other forward-looking statements contained in this Form 10-K. These forward-looking statements include information about possible or assumed future events, including, among other things, discussion and analysis of our future financial condition, results of operations, Funds From Operations ("FFO"), our strategic plans and objectives, cost management, potential property acquisitions, anticipated capital expenditures (and access to capital), amounts of anticipated cash distributions to our stockholders in the future and other matters. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates" and variations of these words and other similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and/or could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.

View Full Filing

View this 10-K filing on SEC EDGAR