Strawberry Fields REIT reported a third-quarter funds from operations (FFO) loss of $(3.6) million, or $(0.65) per share, compared to $20.7 million in the prior year period. Adjusted FFO was $18.8 million, up slightly from $18.1 million. The net loss of $(14.8) million was primarily driven by a $24.6 million non-cash foreign currency transaction loss associated with the retirement of Bond Series A, C, and D. The company also completed the $10.4 million acquisition of a hospital campus in Missouri and entered into an agreement to acquire a 99-bed skilled nursing facility for $15 million. Strawberry Fields REIT is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and healthcare-related properties.
