The following is a summary of the Strawberry Fields REIT (STRW) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Strawberry Fields REIT reported total assets at $661.5 million, up by $25.7 million or 4% compared to the last quarter.

• Liabilities increased to $606.3 million, rising 3.6% quarter-over-quarter.

• Equity reached $55.2 million, up 9.4% from the previous quarter, influenced by higher third quarter net income and the sale of additional common stock.

• Year-to-date net income as of September 2024 was $19.9 million, a 37.8% increase from the same period in 2023.

Business Progress:

• Strawberry Fields REIT has grown to own and lease 114 facilities in nine states with over 12,800 beds.

• The company collected 100% of contractual rents and established an ATM program for enhanced financial flexibility.

• Recent acquisitions include facilities in Texas and Tennessee, and an agreement to acquire eight facilities in Missouri.

• Announced a cash dividend of $0.14 per share, marking the ninth consecutive quarter with dividends and the fourth increase.

Opportunities:

• The ATM program provides the company with financing flexibility and increases stock liquidity, facilitating growth.

• Acquisitions continue to expand the company's asset base and expected annual base rents, which is indicative of strategic market expansion.

Risks:

• Gradual growth acknowledged in AI services and other strategic areas might pose a medium-term challenge in quickly realizing investment returns.

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