Strawberry Fields REIT
STRW on NYSEAmerican. Real estate investment trusts. Market value $184m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Real estate stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
You pay 10.9 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 8 cents a year. Above 10 is good.
Quality score: 60 of 100. Price score: 75 of 100. Our list needs 70 on quality and 60 on price.
$12.97 a share, 17% above its 1-year low
Over the past year the price has ranged from $11.11 to $14.75.
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | ||||
| Revenue | $93m | $100m | $117m | $155m |
| Operating margin | ||||
| Operating margin | 54.0% | 47.5% | 52.4% | 54.4% |
| Debt to equity | ||||
| Debt to equity | 58.67 | 71.82 | 37.09 | 65.64 |
| Shares outstanding | ||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.01bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 7 checks we could run
- Profit backed by cash (accruals)Yes
- Debt65.64× equity
- Revenue growth, five yearsStrong, 18.8% a year
- Buying back its own sharesNo, 120% more shares since 2022
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $40 million last quarter, up 6% on a year ago.
- Profit: $2 million, about the same as a year ago.
- It keeps 54 cents of each $1 of sales as operating profit, about the same as a year earlier.
- 8% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $768 million more than cash, up from $698 million a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $29m |
| December 2024 | $30m |
| March 2025 | $37m |
| June 2025 | $38m |
| September 2025 | $40m |
| December 2025 | $40m |
| March 2026 | $40m |
| June 2026 | $40m |
| Quarter to | Amount |
|---|---|
| September 2024 | $944,000 |
| December 2024 | $1m |
| March 2025 | $2m |
| June 2025 | $2m |
| September 2025 | $2m |
| December 2025 | $2m |
| March 2026 | $2m |
| June 2026 | $2m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 19 March 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
4 long-term investors we follow own it, unchanged from 4 last quarter. 78 funds in all.
- LSV Asset ManagementJosef Lakonishok
- Value
- $241,000
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| First Eagle Investment ManagementMatthew McLennan | $11m | <0.1% | Added |
| Diamond Hill Capital ManagementRic Dillon (founder) | $5m | <0.1% | Added |
| GAMCO InvestorsMario Gabelli | $443,960 | <0.1% | Added |
| LSV Asset ManagementJosef Lakonishok | $241,000 | <0.1% |
Largest holders overall
- First Eagle Investment Management$11mAdded
- BlackRock$9mAdded
- Diamond Hill Capital Management$5mAdded
- Vanguard Capital Management$4mAdded
- State of New Jersey Common Pension Fund D$3mAdded
- Geode Capital Management$3mAdded
- State Street$2m
- Gabelli Funds$2m
- White Pine Capital$2mCut
- Uniplan Investment Counsel$2mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- Alyeska Investment Group, L.P.Passive investorat least 3.8%−5.9 pts(filed with 2 related holders)Since 31 March 2025
| Holder | Stake | Since | |
|---|---|---|---|
Alyeska Investment Group, L.P. Passive investor | at least 3.8%−5.9 pts (filed with 2 related holders) | 31 March 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 3 insiders bought $60,010 of shares on the open market.
- Gertz StanfordDirectorBought
- Date
- 18 March 2026
- Shares
- 1,395
- Price
- $12.52
- Value
- $17,465
- Gertz StanfordDirectorBought
- Date
- 13 March 2026
- Shares
- 392
- Price
- $12.89
- Value
- $5,053
- Bajtner JeffreyChief Investment OfficerBought
- Date
- 16 January 2026
- Shares
- 1,431
- Price
- $13.10
- Value
- $18,746
- Flamion Greg CurtisChief Financial OfficerBought
- Date
- 16 January 2026
- Shares
- 1,431
- Price
- $13.10
- Value
- $18,746
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 18 March 2026 | Gertz Stanford Director | Bought | 1,395 | $12.52 | $17,465 |
| 13 March 2026 | Gertz Stanford Director | Bought | 392 | $12.89 | $5,053 |
| 16 January 2026 | Bajtner Jeffrey Chief Investment Officer | Bought | 1,431 | $13.10 | $18,746 |
| 16 January 2026 | Flamion Greg Curtis Chief Financial Officer | Bought | 1,431 | $13.10 | $18,746 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- It carries a lot of debt: 65.6× its equity.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.