- Strawberry Fields REIT, Inc., is a self-administered real estate investment trust, focused on the acquisition of properties that are leased out to skilled nursing and other healthcare businesses
- While appearing on The Bell2Bell Podcast, the company’s CEO, Moishe Gubin, reflected on the strides made thus far, the milestones achieved, and the company’s future
- Most notably, Gubin noted the company distributes less than 50% of its AFFO, with the remaining 50% allocated to additional asset purchases which has led to the growth of its AFFO per share of 11% annually
- He continued to reiterate the company’s commitment to building facilities for America’s rapidly increasing aging population
Strawberry Fields REIT (NYSE: AMERICAN: STRW), a self-administered real estate investment trust engaged in the ownership, acquisition, and leasing of skilled nursing and specific other healthcare-related properties, is celebrating 10 years of operation. While appearing on The Bell2Bell Podcast, CEO Moishe Gubin reflected on the company’s success, the milestones it has achieved, and where the company is headed going forward (https://ibn.fm/A1kOf).
Notably, the company has demonstrated impeccable financial discipline and consistency. Gubin noted that the company only distributes 45% to 50% of its Adjusted Funds From Operation (“AFFO”), with the remaining 50% allocated to additional asset purchases, a move that has led to the consistent growth of its value per share at an annual rate of 11%.
“I think our stock is perfect for a more conservative investment with a better yield,” he noted. “We only distribute 45% or 50%. The other 50% is used to buy more assets, and therefore we are growing the AFFO per share at an 11% clip annually,” he added (https://ibn.fm/A1kOf).
This level of success, Gubin noted, can be attributed to the company’s leadership’s understanding of the market, particularly given their operational backgrounds. It’s important to note that the company does not operate these centers but rather acquires and develops appropriate properties that are then leased out to skilled nursing and other healthcare businesses. Gubin and his business partner and Board Member, Michael Blisko, were able to recognize the many intricacies of the healthcare facility business – what works best, and how to address challenges that arise.
As a result, in its 10+ years of operation, having refined its company evaluation to a science, Strawberry Fields has never seen a missed rent payment, collecting 100% of its rents.
“We evaluate a company as if we were going to be operating it: what deal would we make, how would we buy, what kind of services would we provide?” noted Gubin. “It’s an advantage, because if something goes bad, we can stabilize it and fix a problem before it becomes a big loss,” he added (https://ibn.fm/A1kOf).
Gubin noted that collectively, all these aspects have played a key role in Strawberry Fields’ growth. Today, the company has facilities spread across 10 states, primarily comprised of skilled nursing facilities, a few hospitals, and assisted living facilities. Gubin further noted that the company’s future looks bright and continues to affirm its commitment to owning and leasing facilities for America’s growing aging population.
For company information, visit the company’s website at www.StrawberryFieldsREIT.com
To hear the episode and subscribe for future podcasts, please visit Podcast.Bell2Bell.com
NOTE TO INVESTORS: The latest news and updates relating to STRW are available in the company’s newsroom at https://ibn.fm/STRW
