2024 Q2 Form 10-Q Financial Statement

#000149315224019017 Filed on May 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $29.27M $27.83M $24.25M
YoY Change 20.43% 14.79% 5.61%
Cost Of Revenue $3.446M $3.714M $3.718M
YoY Change -7.29% -0.11% 26.29%
Gross Profit $25.83M $24.12M $20.53M
YoY Change 25.43% 17.49% 2.57%
Gross Profit Margin 88.23% 86.66% 84.67%
Selling, General & Admin $2.101M $1.544M $1.462M
YoY Change 120.93% 5.61% -48.52%
% of Gross Profit 8.14% 6.4% 7.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.020M $7.194M $6.231M
YoY Change 12.68% 15.45% -14.44%
% of Gross Profit 27.18% 29.83% 30.35%
Operating Expenses $13.97M $13.55M $14.76M
YoY Change 18.51% -8.17% 43.9%
Operating Profit $15.30M $14.29M $9.492M
YoY Change 22.23% 50.5% -2.76%
Interest Expense $8.258M $8.293M $5.353M
YoY Change 41.14% 54.92% -137.21%
% of Operating Profit 53.98% 58.05% 56.39%
Other Income/Expense, Net -$47.00K -$19.00K
YoY Change 147.37% -97.25%
Pretax Income $7.040M $5.992M $4.139M
YoY Change 23.9% 44.77% -177.86%
Income Tax
% Of Pretax Income
Net Earnings $938.0K $746.0K $495.0K
YoY Change 34.38% 50.71% -109.31%
Net Earnings / Revenue 3.2% 2.68% 2.04%
Basic Earnings Per Share $0.14 $0.12 $0.08
Diluted Earnings Per Share $0.14 $0.12 $0.08
COMMON SHARES
Basic Shares Outstanding 6.436M shares 6.474M shares 6.366M shares
Diluted Shares Outstanding 6.478M shares 6.478M shares 6.366M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.12M $15.15M $32.40M
YoY Change -57.12% -53.25% 88.15%
Cash & Equivalents $16.12M $15.15M $32.40M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $25.27M $24.30M $24.03M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $41.39M $39.45M $56.42M
YoY Change -33.16% -30.08% 37.7%
LONG-TERM ASSETS
Property, Plant & Equipment $514.2M $515.5M $438.0M
YoY Change 19.11% 17.71% -4.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $31.71M $29.46M $26.19M
YoY Change -9.79% 12.48% -0.6%
Total Long-Term Assets $594.5M $595.5M $493.1M
YoY Change 19.92% 20.75% -3.84%
TOTAL ASSETS
Total Short-Term Assets $41.39M $39.45M $56.42M
Total Long-Term Assets $594.5M $595.5M $493.1M
Total Assets $635.9M $634.9M $549.6M
YoY Change 14.03% 15.53% -0.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.65M $11.64M $10.88M
YoY Change 13.51% 6.98% 15.89%
Accrued Expenses $4.267M $4.413M $1.755M
YoY Change 154.75% 151.45% -11.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.92M $16.05M $12.64M
YoY Change 27.99% 27.04% 11.04%
LONG-TERM LIABILITIES
Long-Term Debt $551.9M $558.9M $461.2M
YoY Change 15.31% 21.18% -5.25%
Other Long-Term Liabilities $12.42M $11.73M $9.979M
YoY Change 16.79% 17.53% -8.06%
Total Long-Term Liabilities $564.3M $570.6M $471.2M
YoY Change 15.35% 21.1% -5.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.92M $16.05M $12.64M
Total Long-Term Liabilities $564.3M $570.6M $471.2M
Total Liabilities $585.2M $586.7M $499.4M
YoY Change 15.75% 17.47% -9.27%
SHAREHOLDERS EQUITY
Retained Earnings $1.304M $1.200M $1.403M
YoY Change -6.92% -14.47%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.438M $7.490M $7.858M
YoY Change
Total Liabilities & Shareholders Equity $635.9M $634.9M $549.6M
YoY Change 14.03% 15.53% -0.77%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $938.0K $746.0K $495.0K
YoY Change 34.38% 50.71% -109.31%
Depreciation, Depletion And Amortization $7.020M $7.194M $6.231M
YoY Change 12.68% 15.45% -14.44%
Cash From Operating Activities $20.57M $2.125M $9.976M
YoY Change 32.05% -78.7% -465.29%
INVESTING ACTIVITIES
Capital Expenditures $5.825M $0.00 $6.000M
YoY Change 18690.32% -100.0%
Acquisitions $5.830M $5.850M
YoY Change
Other Investing Activities $138.0K -$17.57M $1.477M
YoY Change 3.76% -1289.84% 811.73%
Cash From Investing Activities -$5.687M -$17.57M -$4.523M
YoY Change -5675.49% 288.55% -2891.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.50M $16.42M $1.769M
YoY Change 663.79% 828.32% -115.56%
NET CHANGE
Cash From Operating Activities 20.57M $2.125M $9.976M
Cash From Investing Activities -5.687M -$17.57M -$4.523M
Cash From Financing Activities -11.50M $16.42M $1.769M
Net Change In Cash 3.387M $973.0K $7.222M
YoY Change -76.1% -86.53% -151.82%
FREE CASH FLOW
Cash From Operating Activities $20.57M $2.125M $9.976M
Capital Expenditures $5.825M $0.00 $6.000M
Free Cash Flow $14.74M $2.125M $3.976M
YoY Change -5.16% -46.55%

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47273000 usd
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153000 usd
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778000 usd
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5460000 usd
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1350000 usd
CY2024Q1 us-gaap Profit Loss
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5992000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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48224000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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48224000 usd
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5992000 usd
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4139000 usd
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8098000 usd
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6988000 usd
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162000 usd
CY2023Q1 STRW Amortization Of Bond Issuance Costs
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45000 usd
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2451000 usd
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161000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
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130000 usd
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3998000 usd
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146000 usd
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78000 usd
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968000 usd
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2125000 usd
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2318000 usd
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1182000 usd
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2041000 usd
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914000 usd
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495000 usd
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0.12
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0.12
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0.08
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6478288 shares
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6365856 shares
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6365856 shares
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49384000 usd
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700000 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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4999000 usd
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2318000 usd
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4139000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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50142000 usd
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47273000 usd
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153000 usd
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Dividends
778000 usd
CY2024Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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5460000 usd
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1350000 usd
CY2024Q1 us-gaap Profit Loss
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5992000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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48224000 usd
CY2024Q1 us-gaap Profit Loss
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5992000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
4139000 usd
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8098000 usd
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6988000 usd
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162000 usd
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45000 usd
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2451000 usd
CY2024Q1 us-gaap Amortization Of Financing Costs And Discounts
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161000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
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130000 usd
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3998000 usd
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146000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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78000 usd
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ForeignCurrencyTransactionGainLossBeforeTax
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968000 usd
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491000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
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2125000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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9976000 usd
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1477000 usd
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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0.08
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6478288 shares
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6478288 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6365856 shares
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6365856 shares
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
49384000 usd
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Dividends
700000 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4999000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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2318000 usd
CY2023Q1 us-gaap Profit Loss
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
47273000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
47273000 usd
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Dividends
778000 usd
CY2024Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5460000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1350000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
5992000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
48224000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
48224000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
5992000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
4139000 usd
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6988000 usd
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162000 usd
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2451000 usd
CY2024Q1 us-gaap Amortization Of Financing Costs And Discounts
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161000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
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130000 usd
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3998000 usd
CY2023Q1 us-gaap Increase Decrease In Other Current Assets
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OperatingLeaseRightOfUseAssetAmortizationExpense
78000 usd
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ForeignCurrencyTransactionGainLossBeforeTax
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CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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IncreaseDecreaseInReceivables
968000 usd
CY2023Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
491000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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NetCashProvidedByUsedInOperatingActivities
9976000 usd
CY2024Q1 STRW Purchase Of Lease Rights
PurchaseOfLeaseRights
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CY2023Q1 STRW Purchase Of Real Estate Investments
PurchaseOfRealEstateInvestments
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PaymentsForProceedsFromNotesReceivable
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CY2023Q1 us-gaap Proceeds From Collection Of Notes Receivable
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1477000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2024Q1 STRW Proceeds From Issuance Of Bonds
ProceedsFromIssuanceOfBonds
25660000 usd
CY2023Q1 STRW Proceeds From Issuance Of Bonds
ProceedsFromIssuanceOfBonds
10389000 usd
CY2024Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2847000 usd
CY2023Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2761000 usd
CY2023Q1 STRW Repayment Of Non Controlling Interest Redemption Liabilities
RepaymentOfNonControllingInterestRedemptionLiabilities
160000 usd
CY2024Q1 STRW Payment Of Dividends
PaymentOfDividends
778000 usd
CY2023Q1 STRW Payment Of Dividends
PaymentOfDividends
700000 usd
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
4999000 usd
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PaymentsForRepurchaseOfCommonStock
153000 usd
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NetCashProvidedByUsedInFinancingActivities
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StockRepurchasedAndRetiredDuringPeriodValue
153000 usd
CY2024Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5460000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1350000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
5992000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
48224000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
48224000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
5992000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
4139000 usd
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DepreciationAndAmortization
6988000 usd
CY2024Q1 STRW Amortization Of Bond Issuance Costs
AmortizationOfBondIssuanceCosts
162000 usd
CY2023Q1 STRW Amortization Of Bond Issuance Costs
AmortizationOfBondIssuanceCosts
45000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2451000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
130000 usd
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IncreaseDecreaseInOtherCurrentAssets
3998000 usd
CY2023Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
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OperatingLeaseRightOfUseAssetAmortizationExpense
146000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
78000 usd
CY2024Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2024Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
968000 usd
CY2023Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
491000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2024Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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NetCashProvidedByUsedInOperatingActivities
2125000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9976000 usd
CY2024Q1 STRW Purchase Of Lease Rights
PurchaseOfLeaseRights
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CY2023Q1 STRW Purchase Of Real Estate Investments
PurchaseOfRealEstateInvestments
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CY2024Q1 STRW Payments For Proceeds From Notes Receivable
PaymentsForProceedsFromNotesReceivable
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CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2024Q1 STRW Proceeds From Issuance Of Bonds
ProceedsFromIssuanceOfBonds
25660000 usd
CY2024Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2847000 usd
CY2023Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2761000 usd
CY2023Q1 STRW Repayment Of Non Controlling Interest Redemption Liabilities
RepaymentOfNonControllingInterestRedemptionLiabilities
160000 usd
CY2024Q1 STRW Payment Of Dividends
PaymentOfDividends
778000 usd
CY2023Q1 STRW Payment Of Dividends
PaymentOfDividends
700000 usd
CY2024Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5460000 usd
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
4999000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
153000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16422000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1769000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
973000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7222000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37758000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
45704000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
38731000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
52926000 usd
CY2024Q1 STRW Foreign Currency Translation Adjustments
ForeignCurrencyTranslationAdjustments
1350000 usd
CY2023Q1 STRW Foreign Currency Translation Adjustments
ForeignCurrencyTranslationAdjustments
2318000 usd
CY2024Q1 STRW Proceeds From Issuance Of Bonds
ProceedsFromIssuanceOfBonds
25660000 usd
CY2023Q1 STRW Proceeds From Issuance Of Bonds
ProceedsFromIssuanceOfBonds
10389000 usd
CY2024Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2847000 usd
CY2023Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2761000 usd
CY2023Q1 STRW Repayment Of Non Controlling Interest Redemption Liabilities
RepaymentOfNonControllingInterestRedemptionLiabilities
160000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9976000 usd
CY2024Q1 STRW Purchase Of Lease Rights
PurchaseOfLeaseRights
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CY2023Q1 STRW Purchase Of Real Estate Investments
PurchaseOfRealEstateInvestments
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CY2024Q1 STRW Payments For Proceeds From Notes Receivable
PaymentsForProceedsFromNotesReceivable
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CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2024Q1 STRW Proceeds From Issuance Of Bonds
ProceedsFromIssuanceOfBonds
25660000 usd
CY2023Q1 STRW Proceeds From Issuance Of Bonds
ProceedsFromIssuanceOfBonds
10389000 usd
CY2024Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2847000 usd
CY2023Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2761000 usd
CY2023Q1 STRW Repayment Of Non Controlling Interest Redemption Liabilities
RepaymentOfNonControllingInterestRedemptionLiabilities
160000 usd
CY2024Q1 STRW Payment Of Dividends
PaymentOfDividends
778000 usd
CY2023Q1 STRW Payment Of Dividends
PaymentOfDividends
700000 usd
CY2024Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5460000 usd
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
4999000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
153000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16422000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1769000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
973000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7222000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
45704000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
38731000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
52926000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
9620000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
6078000 usd
CY2024Q1 STRW Foreign Currency Translation Adjustments
ForeignCurrencyTranslationAdjustments
1350000 usd
CY2023Q1 STRW Foreign Currency Translation Adjustments
ForeignCurrencyTranslationAdjustments
2318000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3017000 usd
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80A_eus-gaap--NatureOfOperations_zb19udLFVWj1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. <span id="xdx_821_zmout8MeTFPd">Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Overview</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>The Company</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">STRAWBERRY FIELDS REIT, Inc. (the “Company”) is a Maryland corporation formed in July 2019. The Company commenced operations on June 8, 2021. The Company conducts its business through a traditional UPREIT structure in which substantially all of its assets are owned by subsidiaries of Strawberry Fields Realty, LP, a Delaware limited partnership formed in July 2019 (the “Operating Partnership”). The Company is the general partner of the Operating Partnership (“OP”). The Company owns approximately <span id="xdx_90C_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20240331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StrawberryFieldsRealtyLPMember__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember_zd5RmfJBc8Oc" title="Equity method investment ownership percentage"><span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StrawberryFieldsRealtyLPMember__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember_z0FlMZjjSWle" title="Equity method investment ownership percentage">12.6</span></span>% of the outstanding OP units as of March 31, 2024 and December 31, 2023, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As the sole general partner of the Operating Partnership, the Company has the exclusive power under the partnership agreement to manage and conduct the business affairs of the Operating Partnership, subject to certain limited approval and voting rights of the limited partners. The Company may cause the Operating Partnership to issue additional OP units in connection with property acquisitions, compensation or otherwise. The Company became a publicly traded entity on September 21, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is engaged in the ownership, acquisition, financing and triple-net leasing of skilled nursing facilities and other post-acute healthcare properties. The Company’s portfolio consists of 100 healthcare properties with an aggregate of 12,449 licensed beds. The Company holds fee title to 97 of these properties and holds three properties under long-term leases. These properties are located in Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas. The Company generates substantially all of its revenues by leasing its properties to tenants under long-term leases primarily on a triple-net basis, under which the tenant pays the cost of real estate taxes, insurance and other operating costs of the facility and capital expenditures. Each healthcare facility located at its properties is managed by a qualified operator with an experienced management team.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Interim Condensed Consolidated Financial Statements</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying unaudited, condensed consolidated financial statements of the Company have been prepared in accordance with GAAP for interim financial information, and the Securities and Exchange Commission (“SEC”) rules for interim financial reporting. Certain information and footnote disclosures normally included in the Condensed Consolidated financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. However, in the opinion of management, the accompanying interim Condensed Consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the Company’s Condensed Consolidated financial position as of March 31, 2024, and the Condensed Consolidated results of operations and cash flows for the periods presented. The Condensed Consolidated results of operations for interim periods are not necessarily indicative of the results of operations to be expected for any subsequent interim period or for the fiscal year ending December 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Variable Interest Entity</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company consolidates the Operating Partnership, a variable interest entity (“VIE”) in which the Company is considered the primary beneficiary. The primary beneficiary is the entity that has (i) the power to direct the activities that most significantly impact the entity’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Non-Controlling Interest</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A non-controlling interest is defined as the portion of the equity in an entity not attributable, directly or indirectly, to the primary beneficiary. Non-controlling interests are required to be presented as a separate component of equity on a Condensed Consolidated balance sheet. Accordingly, the presentation of net income is modified to present the income attributed to controlling and non-controlling interests. The non-controlling interest on the Company’s Condensed Consolidated balance sheets represents OP units not held by the Company and represents approximately <span id="xdx_903_ecustom--NonControllingInterestOperatiingPercentage_pid_dp_uPure_c20240101__20240331_ztUB2aE8Bjje" title="Non-controlling interest operatiing percentage."><span id="xdx_902_ecustom--NonControllingInterestOperatiingPercentage_pid_dp_uPure_c20230101__20231231_zuHOqOs4d8wj" title="Non-controlling interest operatiing percentage.">87.4</span></span>% of the outstanding OP Units issued by the Operating Partnership as of March 31, 2024 and December 31, 2023, respectively. OP Units are exchangeable 1 to 1 with shares of common stock. The holders of these OP units are entitled to share in cash distributions from the Operating Partnership in proportion to their percentage ownership of OP units. Net income is allocated to the non-controlling interest based on the weighted average of OP units outstanding during the period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Basis of Presentation</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (“GAAP”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>STRAWBERRY FIELDS REIT, INC. and SUBSIDIARIES</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 STRW Non Controlling Interest Operatiing Percentage
NonControllingInterestOperatiingPercentage
0.874 pure
CY2024Q1 us-gaap Cash
Cash
24700000 usd
CY2023Q4 us-gaap Cash
Cash
22700000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3017000 usd
CY2023 STRW Non Controlling Interest Operatiing Percentage
NonControllingInterestOperatiingPercentage
0.874 pure
CY2023Q4 STRW Acquisition Of Lease Rights
AcquisitionOfLeaseRights
18000000 usd
CY2023Q1 STRW Payment Of Dividends
PaymentOfDividends
700000 usd
CY2024Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5460000 usd
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
4999000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
153000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16422000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1769000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
973000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7222000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37758000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
45704000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
38731000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
52926000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
9620000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
6078000 usd
CY2024Q1 STRW Foreign Currency Translation Adjustments
ForeignCurrencyTranslationAdjustments
1350000 usd
CY2023Q1 STRW Foreign Currency Translation Adjustments
ForeignCurrencyTranslationAdjustments
2318000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3017000 usd
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80A_eus-gaap--NatureOfOperations_zb19udLFVWj1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. <span id="xdx_821_zmout8MeTFPd">Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Overview</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>The Company</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">STRAWBERRY FIELDS REIT, Inc. (the “Company”) is a Maryland corporation formed in July 2019. The Company commenced operations on June 8, 2021. The Company conducts its business through a traditional UPREIT structure in which substantially all of its assets are owned by subsidiaries of Strawberry Fields Realty, LP, a Delaware limited partnership formed in July 2019 (the “Operating Partnership”). The Company is the general partner of the Operating Partnership (“OP”). The Company owns approximately <span id="xdx_90C_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20240331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StrawberryFieldsRealtyLPMember__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember_zd5RmfJBc8Oc" title="Equity method investment ownership percentage"><span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StrawberryFieldsRealtyLPMember__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember_z0FlMZjjSWle" title="Equity method investment ownership percentage">12.6</span></span>% of the outstanding OP units as of March 31, 2024 and December 31, 2023, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As the sole general partner of the Operating Partnership, the Company has the exclusive power under the partnership agreement to manage and conduct the business affairs of the Operating Partnership, subject to certain limited approval and voting rights of the limited partners. The Company may cause the Operating Partnership to issue additional OP units in connection with property acquisitions, compensation or otherwise. The Company became a publicly traded entity on September 21, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is engaged in the ownership, acquisition, financing and triple-net leasing of skilled nursing facilities and other post-acute healthcare properties. The Company’s portfolio consists of 100 healthcare properties with an aggregate of 12,449 licensed beds. The Company holds fee title to 97 of these properties and holds three properties under long-term leases. These properties are located in Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas. The Company generates substantially all of its revenues by leasing its properties to tenants under long-term leases primarily on a triple-net basis, under which the tenant pays the cost of real estate taxes, insurance and other operating costs of the facility and capital expenditures. Each healthcare facility located at its properties is managed by a qualified operator with an experienced management team.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Interim Condensed Consolidated Financial Statements</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying unaudited, condensed consolidated financial statements of the Company have been prepared in accordance with GAAP for interim financial information, and the Securities and Exchange Commission (“SEC”) rules for interim financial reporting. Certain information and footnote disclosures normally included in the Condensed Consolidated financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. However, in the opinion of management, the accompanying interim Condensed Consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the Company’s Condensed Consolidated financial position as of March 31, 2024, and the Condensed Consolidated results of operations and cash flows for the periods presented. The Condensed Consolidated results of operations for interim periods are not necessarily indicative of the results of operations to be expected for any subsequent interim period or for the fiscal year ending December 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Variable Interest Entity</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company consolidates the Operating Partnership, a variable interest entity (“VIE”) in which the Company is considered the primary beneficiary. The primary beneficiary is the entity that has (i) the power to direct the activities that most significantly impact the entity’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Non-Controlling Interest</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A non-controlling interest is defined as the portion of the equity in an entity not attributable, directly or indirectly, to the primary beneficiary. Non-controlling interests are required to be presented as a separate component of equity on a Condensed Consolidated balance sheet. Accordingly, the presentation of net income is modified to present the income attributed to controlling and non-controlling interests. The non-controlling interest on the Company’s Condensed Consolidated balance sheets represents OP units not held by the Company and represents approximately <span id="xdx_903_ecustom--NonControllingInterestOperatiingPercentage_pid_dp_uPure_c20240101__20240331_ztUB2aE8Bjje" title="Non-controlling interest operatiing percentage."><span id="xdx_902_ecustom--NonControllingInterestOperatiingPercentage_pid_dp_uPure_c20230101__20231231_zuHOqOs4d8wj" title="Non-controlling interest operatiing percentage.">87.4</span></span>% of the outstanding OP Units issued by the Operating Partnership as of March 31, 2024 and December 31, 2023, respectively. OP Units are exchangeable 1 to 1 with shares of common stock. The holders of these OP units are entitled to share in cash distributions from the Operating Partnership in proportion to their percentage ownership of OP units. Net income is allocated to the non-controlling interest based on the weighted average of OP units outstanding during the period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Basis of Presentation</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (“GAAP”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>STRAWBERRY FIELDS REIT, INC. and SUBSIDIARIES</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 STRW Non Controlling Interest Operatiing Percentage
NonControllingInterestOperatiingPercentage
0.874 pure
CY2023 STRW Non Controlling Interest Operatiing Percentage
NonControllingInterestOperatiingPercentage
0.874 pure
CY2024Q1 us-gaap Cash
Cash
24700000 usd
CY2023Q4 us-gaap Cash
Cash
22700000 usd
CY2023Q4 STRW Acquisition Of Lease Rights
AcquisitionOfLeaseRights
18000000 usd
CY2023Q4 STRW Other Finite Lived Intangible Assets Amortization
OtherFiniteLivedIntangibleAssetsAmortization
-904000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1769000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
973000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7222000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
45704000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
38731000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
52926000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
9620000 usd
CY2023Q1 STRW Foreign Currency Translation Adjustments
ForeignCurrencyTranslationAdjustments
2318000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3017000 usd
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80A_eus-gaap--NatureOfOperations_zb19udLFVWj1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. <span id="xdx_821_zmout8MeTFPd">Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Overview</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>The Company</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">STRAWBERRY FIELDS REIT, Inc. (the “Company”) is a Maryland corporation formed in July 2019. The Company commenced operations on June 8, 2021. The Company conducts its business through a traditional UPREIT structure in which substantially all of its assets are owned by subsidiaries of Strawberry Fields Realty, LP, a Delaware limited partnership formed in July 2019 (the “Operating Partnership”). The Company is the general partner of the Operating Partnership (“OP”). The Company owns approximately <span id="xdx_90C_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20240331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StrawberryFieldsRealtyLPMember__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember_zd5RmfJBc8Oc" title="Equity method investment ownership percentage"><span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--StrawberryFieldsRealtyLPMember__us-gaap--AwardTypeAxis__custom--OperatingPartnershipMember_z0FlMZjjSWle" title="Equity method investment ownership percentage">12.6</span></span>% of the outstanding OP units as of March 31, 2024 and December 31, 2023, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As the sole general partner of the Operating Partnership, the Company has the exclusive power under the partnership agreement to manage and conduct the business affairs of the Operating Partnership, subject to certain limited approval and voting rights of the limited partners. The Company may cause the Operating Partnership to issue additional OP units in connection with property acquisitions, compensation or otherwise. The Company became a publicly traded entity on September 21, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is engaged in the ownership, acquisition, financing and triple-net leasing of skilled nursing facilities and other post-acute healthcare properties. The Company’s portfolio consists of 100 healthcare properties with an aggregate of 12,449 licensed beds. The Company holds fee title to 97 of these properties and holds three properties under long-term leases. These properties are located in Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas. The Company generates substantially all of its revenues by leasing its properties to tenants under long-term leases primarily on a triple-net basis, under which the tenant pays the cost of real estate taxes, insurance and other operating costs of the facility and capital expenditures. Each healthcare facility located at its properties is managed by a qualified operator with an experienced management team.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Interim Condensed Consolidated Financial Statements</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying unaudited, condensed consolidated financial statements of the Company have been prepared in accordance with GAAP for interim financial information, and the Securities and Exchange Commission (“SEC”) rules for interim financial reporting. Certain information and footnote disclosures normally included in the Condensed Consolidated financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. However, in the opinion of management, the accompanying interim Condensed Consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the Company’s Condensed Consolidated financial position as of March 31, 2024, and the Condensed Consolidated results of operations and cash flows for the periods presented. The Condensed Consolidated results of operations for interim periods are not necessarily indicative of the results of operations to be expected for any subsequent interim period or for the fiscal year ending December 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Variable Interest Entity</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company consolidates the Operating Partnership, a variable interest entity (“VIE”) in which the Company is considered the primary beneficiary. The primary beneficiary is the entity that has (i) the power to direct the activities that most significantly impact the entity’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Non-Controlling Interest</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A non-controlling interest is defined as the portion of the equity in an entity not attributable, directly or indirectly, to the primary beneficiary. Non-controlling interests are required to be presented as a separate component of equity on a Condensed Consolidated balance sheet. Accordingly, the presentation of net income is modified to present the income attributed to controlling and non-controlling interests. The non-controlling interest on the Company’s Condensed Consolidated balance sheets represents OP units not held by the Company and represents approximately <span id="xdx_903_ecustom--NonControllingInterestOperatiingPercentage_pid_dp_uPure_c20240101__20240331_ztUB2aE8Bjje" title="Non-controlling interest operatiing percentage."><span id="xdx_902_ecustom--NonControllingInterestOperatiingPercentage_pid_dp_uPure_c20230101__20231231_zuHOqOs4d8wj" title="Non-controlling interest operatiing percentage.">87.4</span></span>% of the outstanding OP Units issued by the Operating Partnership as of March 31, 2024 and December 31, 2023, respectively. OP Units are exchangeable 1 to 1 with shares of common stock. The holders of these OP units are entitled to share in cash distributions from the Operating Partnership in proportion to their percentage ownership of OP units. Net income is allocated to the non-controlling interest based on the weighted average of OP units outstanding during the period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Basis of Presentation</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (“GAAP”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>STRAWBERRY FIELDS REIT, INC. and SUBSIDIARIES</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 STRW Non Controlling Interest Operatiing Percentage
NonControllingInterestOperatiingPercentage
0.874 pure
CY2024Q1 us-gaap Cash
Cash
24700000 usd
CY2023Q4 us-gaap Cash
Cash
22700000 usd
CY2023Q4 STRW Other Finite Lived Intangible Assets Amortization
OtherFiniteLivedIntangibleAssetsAmortization
-904000 usd
CY2024Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
73900000 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_z4C14c0X8RH" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_862_zrqrYxYmu1Sa">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management is required to make estimates and assumptions in the preparation of the Condensed Consolidated financial statements in conformity with GAAP. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the Condensed Consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from management’s estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Cash
Cash
24700000 usd
CY2023Q4 us-gaap Cash
Cash
22700000 usd
CY2024Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
73900000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-48200000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-48200000 usd
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zCVBCIGzl7sh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86B_zlPRpoq9lK17">Concentrations of Credit Risk</span> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash and cash equivalents, notes receivable and operating leases on owned properties. These financial instruments are subject to the possibility of loss of carrying value as a result of the failure of other parties to perform according to their contractual obligations or changes in market prices which may make the instrument less valuable. Cash and cash equivalents, restricted cash and equivalents are held with various financial institutions. From time to time, these balances exceed the federally insured limits. These balances are maintained with high quality financial institutions which management believes limits the risk.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">With respect to notes receivable, the Company obtains various collateral and other protective rights, and continually monitors these rights, in order to reduce such possibilities of loss. In addition, the Company provides reserves for potential losses based upon management’s periodic review of our portfolio.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 31, 2024, the Company held four notes receivable with an outstanding balance of $<span id="xdx_904_eus-gaap--ReceivablesNetCurrent_iI_pn5n6_c20240331_zEXPVKfpHDn2">17.3</span> million. The notes have maturities ranging from 2024 through 2046, and interest rates ranging from <span id="xdx_905_eus-gaap--LoansReceivableBasisSpreadOnVariableRate_iI_pid_dp_c20240331__srt--RangeAxis__srt--MinimumMember_zorN7lykHha" title="Receivables rate of interest">2</span>% to <span id="xdx_907_eus-gaap--LoansReceivableBasisSpreadOnVariableRate_iI_pid_dp_c20240331__srt--RangeAxis__srt--MaximumMember_zp3vBl3eWU14" title="Receivables rate of interest">11.50</span>%. One of the notes is collateralized by tenants’ accounts receivable. All other notes receivable are uncollateralized as of March 31, 2024. As of December 31, 2023, the Company held four notes receivable for a total amount of $<span id="xdx_908_eus-gaap--ReceivablesNetCurrent_iI_pn5n6_c20231231_zUqrJ1SspF1j">17.7</span> million. As of March 31, 2024, all of these notes are paid monthly and are current.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
17300000 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
17700000 usd
CY2024Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
511120000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
518314000 usd
CY2024Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5850000 usd
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zCVBCIGzl7sh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86B_zlPRpoq9lK17">Concentrations of Credit Risk</span> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash and cash equivalents, notes receivable and operating leases on owned properties. These financial instruments are subject to the possibility of loss of carrying value as a result of the failure of other parties to perform according to their contractual obligations or changes in market prices which may make the instrument less valuable. Cash and cash equivalents, restricted cash and equivalents are held with various financial institutions. From time to time, these balances exceed the federally insured limits. These balances are maintained with high quality financial institutions which management believes limits the risk.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">With respect to notes receivable, the Company obtains various collateral and other protective rights, and continually monitors these rights, in order to reduce such possibilities of loss. In addition, the Company provides reserves for potential losses based upon management’s periodic review of our portfolio.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 31, 2024, the Company held four notes receivable with an outstanding balance of $<span id="xdx_904_eus-gaap--ReceivablesNetCurrent_iI_pn5n6_c20240331_zEXPVKfpHDn2">17.3</span> million. The notes have maturities ranging from 2024 through 2046, and interest rates ranging from <span id="xdx_905_eus-gaap--LoansReceivableBasisSpreadOnVariableRate_iI_pid_dp_c20240331__srt--RangeAxis__srt--MinimumMember_zorN7lykHha" title="Receivables rate of interest">2</span>% to <span id="xdx_907_eus-gaap--LoansReceivableBasisSpreadOnVariableRate_iI_pid_dp_c20240331__srt--RangeAxis__srt--MaximumMember_zp3vBl3eWU14" title="Receivables rate of interest">11.50</span>%. One of the notes is collateralized by tenants’ accounts receivable. All other notes receivable are uncollateralized as of March 31, 2024. As of December 31, 2023, the Company held four notes receivable for a total amount of $<span id="xdx_908_eus-gaap--ReceivablesNetCurrent_iI_pn5n6_c20231231_zUqrJ1SspF1j">17.7</span> million. As of March 31, 2024, all of these notes are paid monthly and are current.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
17300000 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
17700000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2500000 usd
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zCVBCIGzl7sh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86B_zlPRpoq9lK17">Concentrations of Credit Risk</span> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash and cash equivalents, notes receivable and operating leases on owned properties. These financial instruments are subject to the possibility of loss of carrying value as a result of the failure of other parties to perform according to their contractual obligations or changes in market prices which may make the instrument less valuable. Cash and cash equivalents, restricted cash and equivalents are held with various financial institutions. From time to time, these balances exceed the federally insured limits. These balances are maintained with high quality financial institutions which management believes limits the risk.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">With respect to notes receivable, the Company obtains various collateral and other protective rights, and continually monitors these rights, in order to reduce such possibilities of loss. In addition, the Company provides reserves for potential losses based upon management’s periodic review of our portfolio.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 31, 2024, the Company held four notes receivable with an outstanding balance of $<span id="xdx_904_eus-gaap--ReceivablesNetCurrent_iI_pn5n6_c20240331_zEXPVKfpHDn2">17.3</span> million. The notes have maturities ranging from 2024 through 2046, and interest rates ranging from <span id="xdx_905_eus-gaap--LoansReceivableBasisSpreadOnVariableRate_iI_pid_dp_c20240331__srt--RangeAxis__srt--MinimumMember_zorN7lykHha" title="Receivables rate of interest">2</span>% to <span id="xdx_907_eus-gaap--LoansReceivableBasisSpreadOnVariableRate_iI_pid_dp_c20240331__srt--RangeAxis__srt--MaximumMember_zp3vBl3eWU14" title="Receivables rate of interest">11.50</span>%. One of the notes is collateralized by tenants’ accounts receivable. All other notes receivable are uncollateralized as of March 31, 2024. As of December 31, 2023, the Company held four notes receivable for a total amount of $<span id="xdx_908_eus-gaap--ReceivablesNetCurrent_iI_pn5n6_c20231231_zUqrJ1SspF1j">17.7</span> million. As of March 31, 2024, all of these notes are paid monthly and are current.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
17300000 usd
CY2024Q1 STRW Market Concentration Risk Description
MarketConcentrationRiskDescription
As of March 31, 2024 and December 31, 2023, the Company owned 97 properties and leased three and one property, respectively. The facilities are located in 9 states, with 20 facilities of its total facilities located in Illinois (which include 4,226 skilled nursing beds or 33.9% of the Company’s total beds) and 39 of its total facilities in Indiana (which include 3,240 skilled nursing beds or 26.0% of the Company’s total beds). Since tenant revenue is primarily generated from Medicare and Medicaid, the operations of the Company are indirectly subject to the administrative directives, rules and regulations of federal and state regulatory agencies, including, but not limited to the Centers for Medicare & Medicaid Services, and the Department of Health and Aging in all states in which the Company operates.
CY2022Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
55900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-44268000 usd
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zCVBCIGzl7sh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86B_zlPRpoq9lK17">Concentrations of Credit Risk</span> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash and cash equivalents, notes receivable and operating leases on owned properties. These financial instruments are subject to the possibility of loss of carrying value as a result of the failure of other parties to perform according to their contractual obligations or changes in market prices which may make the instrument less valuable. Cash and cash equivalents, restricted cash and equivalents are held with various financial institutions. From time to time, these balances exceed the federally insured limits. These balances are maintained with high quality financial institutions which management believes limits the risk.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">With respect to notes receivable, the Company obtains various collateral and other protective rights, and continually monitors these rights, in order to reduce such possibilities of loss. In addition, the Company provides reserves for potential losses based upon management’s periodic review of our portfolio.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 31, 2024, the Company held four notes receivable with an outstanding balance of $<span id="xdx_904_eus-gaap--ReceivablesNetCurrent_iI_pn5n6_c20240331_zEXPVKfpHDn2">17.3</span> million. The notes have maturities ranging from 2024 through 2046, and interest rates ranging from <span id="xdx_905_eus-gaap--LoansReceivableBasisSpreadOnVariableRate_iI_pid_dp_c20240331__srt--RangeAxis__srt--MinimumMember_zorN7lykHha" title="Receivables rate of interest">2</span>% to <span id="xdx_907_eus-gaap--LoansReceivableBasisSpreadOnVariableRate_iI_pid_dp_c20240331__srt--RangeAxis__srt--MaximumMember_zp3vBl3eWU14" title="Receivables rate of interest">11.50</span>%. One of the notes is collateralized by tenants’ accounts receivable. All other notes receivable are uncollateralized as of March 31, 2024. As of December 31, 2023, the Company held four notes receivable for a total amount of $<span id="xdx_908_eus-gaap--ReceivablesNetCurrent_iI_pn5n6_c20231231_zUqrJ1SspF1j">17.7</span> million. As of March 31, 2024, all of these notes are paid monthly and are current.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
17300000 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
17700000 usd
CY2024Q1 STRW Market Concentration Risk Description
MarketConcentrationRiskDescription
As of March 31, 2024 and December 31, 2023, the Company owned 97 properties and leased three and one property, respectively. The facilities are located in 9 states, with 20 facilities of its total facilities located in Illinois (which include 4,226 skilled nursing beds or 33.9% of the Company’s total beds) and 39 of its total facilities in Indiana (which include 3,240 skilled nursing beds or 26.0% of the Company’s total beds). Since tenant revenue is primarily generated from Medicare and Medicaid, the operations of the Company are indirectly subject to the administrative directives, rules and regulations of federal and state regulatory agencies, including, but not limited to the Centers for Medicare & Medicaid Services, and the Department of Health and Aging in all states in which the Company operates.
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11632000 usd
CY2022Q4 STRW Other Finite Lived Intangible Assets Amortization
OtherFiniteLivedIntangibleAssetsAmortization
-757000 usd
CY2023Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
55900000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-45025000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10875000 usd
CY2024Q1 STRW Market Concentration Risk Description
MarketConcentrationRiskDescription
As of March 31, 2024 and December 31, 2023, the Company owned 97 properties and leased three and one property, respectively. The facilities are located in 9 states, with 20 facilities of its total facilities located in Illinois (which include 4,226 skilled nursing beds or 33.9% of the Company’s total beds) and 39 of its total facilities in Indiana (which include 3,240 skilled nursing beds or 26.0% of the Company’s total beds). Since tenant revenue is primarily generated from Medicare and Medicaid, the operations of the Company are indirectly subject to the administrative directives, rules and regulations of federal and state regulatory agencies, including, but not limited to the Centers for Medicare & Medicaid Services, and the Department of Health and Aging in all states in which the Company operates.
CY2024Q1 STRW Market Concentration Risk Description
MarketConcentrationRiskDescription
As of March 31, 2024 and December 31, 2023, the Company owned 97 properties and leased three and one property, respectively. The facilities are located in 9 states, with 20 facilities of its total facilities located in Illinois (which include 4,226 skilled nursing beds or 33.9% of the Company’s total beds) and 39 of its total facilities in Indiana (which include 3,240 skilled nursing beds or 26.0% of the Company’s total beds). Since tenant revenue is primarily generated from Medicare and Medicaid, the operations of the Company are indirectly subject to the administrative directives, rules and regulations of federal and state regulatory agencies, including, but not limited to the Centers for Medicare & Medicaid Services, and the Department of Health and Aging in all states in which the Company operates.
CY2023Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
55900000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-45025000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10875000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
23586000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
25585000 usd
CY2023Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
55900000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-47296000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8604000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
23586000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
25585000 usd
CY2023Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
55900000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-47296000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8604000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
23586000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
25585000 usd
CY2024Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
737712000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
737712000 usd
CY2024Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
226592000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
219398000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
23586000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
25585000 usd
CY2024Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
737712000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
737712000 usd
CY2024Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
226592000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
219398000 usd
CY2024Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
511120000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
518314000 usd
CY2024Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5850000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2500000 usd
CY2022Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
55900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-44268000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11632000 usd
CY2022Q4 STRW Other Finite Lived Intangible Assets Amortization
OtherFiniteLivedIntangibleAssetsAmortization
-757000 usd
CY2024Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
737712000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
737712000 usd
CY2024Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
226592000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
219398000 usd
CY2024Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
511120000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
518314000 usd
CY2024Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5850000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2500000 usd
CY2022Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
55900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-44268000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11632000 usd
CY2022Q4 STRW Other Finite Lived Intangible Assets Amortization
OtherFiniteLivedIntangibleAssetsAmortization
-757000 usd
CY2023Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
55900000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-45025000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10875000 usd
CY2023Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
55900000 usd
CY2023Q4 STRW Acquisition Of Lease Rights
AcquisitionOfLeaseRights
18000000 usd
CY2023Q4 STRW Other Finite Lived Intangible Assets Amortization
OtherFiniteLivedIntangibleAssetsAmortization
-904000 usd
CY2024Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
73900000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-48200000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25700000 usd
CY2024Q1 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
109 integer
CY2024Q1 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
100 integer
CY2023Q4 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
107 integer
CY2023Q4 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
98 integer
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
192000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
99000 usd
CY2024Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
737712000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
737712000 usd
CY2024Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
226592000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
219398000 usd
CY2024Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
511120000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
518314000 usd
CY2024Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5850000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2500000 usd
CY2022Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
55900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-44268000 usd
CY2022Q4 STRW Other Finite Lived Intangible Assets Amortization
OtherFiniteLivedIntangibleAssetsAmortization
-757000 usd
CY2023Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
55900000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-45025000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10875000 usd
CY2023Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
55900000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-47296000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8604000 usd
CY2023Q4 STRW Acquisition Of Lease Rights
AcquisitionOfLeaseRights
18000000 usd
CY2023Q4 STRW Other Finite Lived Intangible Assets Amortization
OtherFiniteLivedIntangibleAssetsAmortization
-904000 usd
CY2024Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
73900000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-48200000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25700000 usd
CY2024Q1 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
109 integer
CY2024Q1 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
100 integer
CY2023Q4 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
107 integer
CY2023Q4 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
98 integer
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25700000 usd
CY2024Q1 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
109 integer
CY2024Q1 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
100 integer
CY2023Q4 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
107 integer
CY2023Q4 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
98 integer
CY2024Q1 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
109 integer
CY2023Q4 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
107 integer
CY2023Q4 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
98 integer
CY2024Q1 STRW Cumulative Number Of Operational Beds
CumulativeNumberOfOperationalBeds
12449 integer
CY2023Q4 STRW Cumulative Number Of Operational Beds
CumulativeNumberOfOperationalBeds
12201 integer
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
74070000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
89445000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
70893000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
71641000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
67945000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
229340000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4413000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1542000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4413000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1542000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25700000 usd
CY2024Q1 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
109 integer
CY2024Q1 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
100 integer
CY2023Q4 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
107 integer
CY2023Q4 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
98 integer
CY2024Q1 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
109 integer
CY2024Q1 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
100 integer
CY2023Q4 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
107 integer
CY2023Q4 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
98 integer
CY2024Q1 STRW Cumulative Number Of Operational Beds
CumulativeNumberOfOperationalBeds
12449 integer
CY2023Q4 STRW Cumulative Number Of Operational Beds
CumulativeNumberOfOperationalBeds
12201 integer
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
74070000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
89445000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
70893000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
71641000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
67945000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
229340000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
21404000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
124795000 usd
CY2024Q1 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
109 integer
CY2024Q1 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
100 integer
CY2023Q4 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
107 integer
CY2023Q4 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
98 integer
CY2024Q1 STRW Cumulative Number Of Operational Beds
CumulativeNumberOfOperationalBeds
12449 integer
CY2023Q4 STRW Cumulative Number Of Operational Beds
CumulativeNumberOfOperationalBeds
12201 integer
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
74070000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
89445000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
70893000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
71641000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
67945000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
229340000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
603334000 usd
CY2024Q1 STRW Number Of Facilities Leased And Subleased To Thirdparties
NumberOfFacilitiesLeasedAndSubleasedToThirdparties
3 integer
CY2023Q4 STRW Number Of Facilities Leased And Subleased To Thirdparties
NumberOfFacilitiesLeasedAndSubleasedToThirdparties
1 integer
CY2024Q1 STRW Number Of Operational Beds
NumberOfOperationalBeds
316 integer
CY2023Q4 STRW Number Of Operational Beds
NumberOfOperationalBeds
68 integer
CY2023Q1 us-gaap Payments For Rent
PaymentsForRent
52000 usd
CY2024Q1 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
109 integer
CY2023Q4 STRW Cumulative Number Of Facilities
CumulativeNumberOfFacilities
107 integer
CY2023Q4 STRW Cumulative Number Of Properties
CumulativeNumberOfProperties
98 integer
CY2024Q1 STRW Cumulative Number Of Operational Beds
CumulativeNumberOfOperationalBeds
12449 integer
CY2023Q4 STRW Cumulative Number Of Operational Beds
CumulativeNumberOfOperationalBeds
12201 integer
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
74070000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
89445000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
70893000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
71641000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
67945000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
603334000 usd
CY2024Q1 STRW Number Of Facilities Leased And Subleased To Thirdparties
NumberOfFacilitiesLeasedAndSubleasedToThirdparties
3 integer
CY2023Q4 STRW Number Of Facilities Leased And Subleased To Thirdparties
NumberOfFacilitiesLeasedAndSubleasedToThirdparties
1 integer
CY2024Q1 STRW Number Of Operational Beds
NumberOfOperationalBeds
316 integer
CY2023Q4 STRW Number Of Operational Beds
NumberOfOperationalBeds
68 integer
CY2023Q4 STRW Number Of Facilities Leased And Subleased To Thirdparties
NumberOfFacilitiesLeasedAndSubleasedToThirdparties
1 integer
CY2024Q1 STRW Number Of Operational Beds
NumberOfOperationalBeds
316 integer
CY2023Q4 STRW Number Of Operational Beds
NumberOfOperationalBeds
68 integer
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
192000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
99000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4413000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1542000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4413000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1542000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
550000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
744000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
754000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
764000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
468000 usd
CY2024Q1 STRW Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1934000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
801000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4413000 usd
CY2024Q1 us-gaap Payments For Rent
PaymentsForRent
53000 usd
CY2023Q1 us-gaap Payments For Rent
PaymentsForRent
52000 usd
CY2023Q4 STRW Number Of Facilities Leased And Subleased To Thirdparties
NumberOfFacilitiesLeasedAndSubleasedToThirdparties
1 integer
CY2024Q1 STRW Number Of Operational Beds
NumberOfOperationalBeds
316 integer
CY2023Q4 STRW Number Of Operational Beds
NumberOfOperationalBeds
68 integer
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
192000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
99000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4413000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1542000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4413000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1542000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
550000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
744000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
754000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
764000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
468000 usd
CY2024Q1 STRW Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1934000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5214000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
801000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4413000 usd
CY2024Q1 us-gaap Payments For Rent
PaymentsForRent
53000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
192000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
99000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4413000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1542000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4413000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1542000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
550000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
744000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
754000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
764000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
468000 usd
CY2024Q1 STRW Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1934000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
801000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4413000 usd
CY2024Q1 us-gaap Payments For Rent
PaymentsForRent
53000 usd
CY2023Q1 us-gaap Payments For Rent
PaymentsForRent
52000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
96310000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
70455000 usd
CY2024Q1 STRW Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
230249000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
560351000 usd
CY2024Q1 STRW Number Of Outstanding Credit Related Instrument
NumberOfOutstandingCreditRelatedInstrument
41 integer
CY2023Q4 STRW Number Of Outstanding Credit Related Instrument
NumberOfOutstandingCreditRelatedInstrument
41 integer
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
550000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
744000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
754000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
764000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
468000 usd
CY2024Q1 STRW Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1934000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5214000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
801000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4413000 usd
CY2024Q1 us-gaap Payments For Rent
PaymentsForRent
53000 usd
CY2023Q1 us-gaap Payments For Rent
PaymentsForRent
52000 usd
CY2024Q1 STRW Notes Payable Gross
NotesPayableGross
560351000 usd
CY2023Q4 STRW Notes Payable Gross
NotesPayableGross
539145000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1435000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2659000 usd
CY2024Q1 us-gaap Notes Payable
NotesPayable
558916000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
536486000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
17138000 usd
CY2024Q1 STRW Notes Payable Gross
NotesPayableGross
560351000 usd
CY2023Q4 STRW Notes Payable Gross
NotesPayableGross
539145000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1435000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2659000 usd
CY2024Q1 us-gaap Notes Payable
NotesPayable
558916000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
536486000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
17138000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
21404000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
124795000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
96310000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
70455000 usd
CY2024Q1 STRW Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
230249000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
560351000 usd
CY2024Q1 STRW Number Of Outstanding Credit Related Instrument
NumberOfOutstandingCreditRelatedInstrument
41 integer
CY2023Q4 STRW Number Of Outstanding Credit Related Instrument
NumberOfOutstandingCreditRelatedInstrument
41 integer
CY2024Q1 us-gaap Interest Expense Other
InterestExpenseOther
7732000 usd
CY2023Q1 us-gaap Interest Expense Other
InterestExpenseOther
4808000 usd
CY2024Q1 STRW Notes Payable Gross
NotesPayableGross
560351000 usd
CY2023Q4 STRW Notes Payable Gross
NotesPayableGross
539145000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1435000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2659000 usd
CY2024Q1 us-gaap Notes Payable
NotesPayable
558916000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
536486000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
17138000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
21404000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
124795000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
96310000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
70455000 usd
CY2024Q1 STRW Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
230249000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
560351000 usd
CY2024Q1 STRW Number Of Outstanding Credit Related Instrument
NumberOfOutstandingCreditRelatedInstrument
41 integer
CY2023Q4 STRW Number Of Outstanding Credit Related Instrument
NumberOfOutstandingCreditRelatedInstrument
41 integer
CY2023Q1 us-gaap Interest Expense Other
InterestExpenseOther
4808000 usd
CY2024Q1 STRW Notes Payable Gross
NotesPayableGross
560351000 usd
CY2023Q4 STRW Notes Payable Gross
NotesPayableGross
539145000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1435000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2659000 usd
CY2024Q1 us-gaap Notes Payable
NotesPayable
558916000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
536486000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
17138000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
21404000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
124795000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
96310000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
70455000 usd
CY2024Q1 STRW Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
230249000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
560351000 usd
CY2024Q1 STRW Number Of Outstanding Credit Related Instrument
NumberOfOutstandingCreditRelatedInstrument
41 integer
CY2023Q4 STRW Number Of Outstanding Credit Related Instrument
NumberOfOutstandingCreditRelatedInstrument
41 integer
CY2023Q1 us-gaap Interest Expense Other
InterestExpenseOther
4808000 usd
CY2024Q1 STRW Income Tax Description
IncomeTaxDescription
U.S. federal income tax law requires that a REIT distribute annually at least 90% of its net taxable income, excluding net capital gains, and that it pays tax at regular corporate rates to the extent that it annually distributes less than 100% of its net taxable income, including net capital gains. In addition, a REIT is required to pay a 4% nondeductible excise tax on the amount, if any, by which the distributions that it makes in a calendar year are less than the sum of 85% of its ordinary income, 95% of its capital gain net income and 100% of its undistributed income from prior years
CY2023Q1 us-gaap Proceeds From Rents Received
ProceedsFromRentsReceived
11838000 usd
CY2024Q1 STRW Income Tax Description
IncomeTaxDescription
U.S. federal income tax law requires that a REIT distribute annually at least 90% of its net taxable income, excluding net capital gains, and that it pays tax at regular corporate rates to the extent that it annually distributes less than 100% of its net taxable income, including net capital gains. In addition, a REIT is required to pay a 4% nondeductible excise tax on the amount, if any, by which the distributions that it makes in a calendar year are less than the sum of 85% of its ordinary income, 95% of its capital gain net income and 100% of its undistributed income from prior years
CY2024Q1 us-gaap Proceeds From Rents Received
ProceedsFromRentsReceived
16714000 usd
CY2023Q1 us-gaap Proceeds From Rents Received
ProceedsFromRentsReceived
11838000 usd
CY2024Q1 STRW Income Tax Description
IncomeTaxDescription
U.S. federal income tax law requires that a REIT distribute annually at least 90% of its net taxable income, excluding net capital gains, and that it pays tax at regular corporate rates to the extent that it annually distributes less than 100% of its net taxable income, including net capital gains. In addition, a REIT is required to pay a 4% nondeductible excise tax on the amount, if any, by which the distributions that it makes in a calendar year are less than the sum of 85% of its ordinary income, 95% of its capital gain net income and 100% of its undistributed income from prior years
CY2024Q1 us-gaap Proceeds From Rents Received
ProceedsFromRentsReceived
16714000 usd
CY2023Q1 us-gaap Proceeds From Rents Received
ProceedsFromRentsReceived
11838000 usd
CY2024Q1 STRW Income Tax Description
IncomeTaxDescription
U.S. federal income tax law requires that a REIT distribute annually at least 90% of its net taxable income, excluding net capital gains, and that it pays tax at regular corporate rates to the extent that it annually distributes less than 100% of its net taxable income, including net capital gains. In addition, a REIT is required to pay a 4% nondeductible excise tax on the amount, if any, by which the distributions that it makes in a calendar year are less than the sum of 85% of its ordinary income, 95% of its capital gain net income and 100% of its undistributed income from prior years
CY2024Q1 us-gaap Proceeds From Rents Received
ProceedsFromRentsReceived
16714000 usd
CY2024Q1 STRW Interest Expenses With Respect To Bonds
InterestExpensesWithRespectToBonds
2284000 usd
CY2023Q1 STRW Interest Expenses With Respect To Bonds
InterestExpensesWithRespectToBonds
1214000 usd
CY2024Q1 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
5631000 usd
CY2024Q1 STRW Interest Expenses With Respect To Leases
InterestExpensesWithRespectToLeases
47000 usd
CY2023Q1 STRW Interest Expenses With Respect To Leases
InterestExpensesWithRespectToLeases
19000 usd
CY2024Q1 us-gaap Financing Interest Expense
FinancingInterestExpense
7962000 usd
CY2023Q1 us-gaap Financing Interest Expense
FinancingInterestExpense
5091000 usd
CY2024Q1 STRW Financing Income Expense
FinancingIncomeExpense
230000 usd
CY2023Q1 STRW Financing Income Expense
FinancingIncomeExpense
283000 usd
CY2024Q1 us-gaap Interest Expense Other
InterestExpenseOther
7732000 usd
CY2024Q1 STRW Interest Expenses With Respect To Bonds
InterestExpensesWithRespectToBonds
2284000 usd
CY2023Q1 STRW Interest Expenses With Respect To Bonds
InterestExpensesWithRespectToBonds
1214000 usd
CY2024Q1 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
5631000 usd
CY2023Q1 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
3858000 usd
CY2024Q1 STRW Interest Expenses With Respect To Leases
InterestExpensesWithRespectToLeases
47000 usd
CY2023Q1 STRW Interest Expenses With Respect To Leases
InterestExpensesWithRespectToLeases
19000 usd
CY2024Q1 us-gaap Financing Interest Expense
FinancingInterestExpense
7962000 usd
CY2023Q1 us-gaap Financing Interest Expense
FinancingInterestExpense
5091000 usd
CY2024Q1 STRW Financing Income Expense
FinancingIncomeExpense
230000 usd
CY2023Q1 STRW Financing Income Expense
FinancingIncomeExpense
283000 usd
CY2024Q1 STRW Interest Expenses With Respect To Bonds
InterestExpensesWithRespectToBonds
2284000 usd
CY2024Q1 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
5631000 usd
CY2023Q1 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
3858000 usd
CY2024Q1 STRW Interest Expenses With Respect To Leases
InterestExpensesWithRespectToLeases
47000 usd
CY2023Q1 STRW Interest Expenses With Respect To Leases
InterestExpensesWithRespectToLeases
19000 usd
CY2024Q1 us-gaap Financing Interest Expense
FinancingInterestExpense
7962000 usd
CY2023Q1 us-gaap Financing Interest Expense
FinancingInterestExpense
5091000 usd
CY2024Q1 STRW Financing Income Expense
FinancingIncomeExpense
230000 usd
CY2023Q1 STRW Financing Income Expense
FinancingIncomeExpense
283000 usd
CY2024Q1 us-gaap Interest Expense Other
InterestExpenseOther
7732000 usd
CY2024Q1 STRW Interest Expenses With Respect To Bonds
InterestExpensesWithRespectToBonds
2284000 usd
CY2023Q1 STRW Interest Expenses With Respect To Bonds
InterestExpensesWithRespectToBonds
1214000 usd
CY2024Q1 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
5631000 usd
CY2023Q1 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
3858000 usd
CY2024Q1 STRW Interest Expenses With Respect To Leases
InterestExpensesWithRespectToLeases
47000 usd
CY2023Q1 STRW Interest Expenses With Respect To Leases
InterestExpensesWithRespectToLeases
19000 usd
CY2024Q1 us-gaap Financing Interest Expense
FinancingInterestExpense
7962000 usd
CY2023Q1 us-gaap Financing Interest Expense
FinancingInterestExpense
5091000 usd
CY2024Q1 STRW Financing Income Expense
FinancingIncomeExpense
230000 usd
CY2023Q1 STRW Financing Income Expense
FinancingIncomeExpense
283000 usd
CY2024Q1 us-gaap Interest Expense Other
InterestExpenseOther
7732000 usd
CY2023Q1 us-gaap Interest Expense Other
InterestExpenseOther
4808000 usd

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