0001782430
false
0001782430
2023-08-15
2023-08-15
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 15, 2023 (August 10, 2023)
Strawberry
Fields REIT, Inc.
(Exact
name of registrant as specified in its charter)
Maryland |
|
001-41628 |
|
84-2336054 |
(State
or Other Jurisdiction |
|
(Commission |
|
(I.R.S.
Employer |
of
Incorporation) |
|
File
Number) |
|
Identification
No.) |
6101
Nimtz Parkway
South
Bend, Indiana 46628
(Address
of Principal Executive Office) (Zip Code)
(574)
807-0800
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
stock, $0.00001 par value |
|
STRW |
|
NYSE
American |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Cautionary
Note Regarding Forward-Looking Statements
This
Current Report on Form 8-K filed by Strawberry Fields REIT, Inc. (the “Company”) includes information that may constitute
forward-looking statements. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations
regarding future events, which in turn are based on information currently available to the Company. By their nature, forward-looking
statements address matters that are subject to risks and uncertainties. Forward-looking statements include, without limitation, statements
relating to projected industry growth rates, the Company’s current growth rates and the Company’s present and future cash
flow position. A variety of factors could cause actual events and results, as well as the Company’s expectations, to differ materially
from those expressed in or contemplated by the forward-looking statements. Risk factors affecting the Company are discussed in detail
in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required
by applicable securities laws.
Item
2.02 Results of Operations and Financial Condition
On
August 15, 2023,
the Company issued a press release regarding its financial results for the quarter ended June 30, 2023. The Company’s press release
is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.
In
accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in the press release is deemed to be “furnished”
and shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange
Act), or the Securities Act of 1933, as amended (the “Securities Act”), and shall not be incorporated by reference into any
filing by the Company under the Exchange Act or the Securities Act, regardless of any general incorporation language in such filing except
as shall be expressly set forth by specific reference in any such filing.
Item
8.01 Other Events.
On
August 10, 2023, our Board of Directors declared a cash dividend of $0.11 per share. The dividend will be paid on September 29, 2023
to common shareholders of record as of the close of business on September 15, 2023.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, hereunto duly authorized.
|
Strawberry
Fields REIT, Inc. |
|
|
|
Dated:
August 15, 2023 |
By: |
/s/
Moishe Gubin |
|
|
Moishe
Gubin |
|
|
Chief
Executive Officer and Chairman |
Exhibit
99.1
STRAWBERRY
FIELDS REIT ANNOUNCES
SECOND
QUARTER 2023 OPERATING RESULTS
South
Bend, IN. August 15, 2023 (ACCESSWIRE) –Strawberry Fields REIT, Inc. (NYSE AMERICAN: STRW) (the “Company”),
yesterday, reported its operating results for the quarter ended June 30, 2023.
FINANCIAL
HIGHLIGHTS
| ● | 100%
of contractual rents collected. |
| ● | On
June 8, 2023, the Company entered into a Purchase and Sale Agreement with respect to the
purchase of 24 healthcare facilities located in Indiana for $102.0 million. The 24 Facilities
are comprised of 19 skilled nursing facilities with 1,659 licensed beds and 5 assisted living
facilities with 193 beds, of which 29 beds are licensed. |
| ● | On
June 19, 2023, the Company completed an initial offering in Israel of Series D Bonds with
a par value of NIS 82.9 million ($22.9 million). The Series D Bonds were issued at par and
the interest rate is 9.1%. In July 2023, the Company issued additional Series D Bonds with
a par value of NIS 70.0 million and raised a gross amount of $19.2 million (NIS 69.8 million).
The Bonds were issued at a price of 99.7%. |
| ● | For
the quarters ended June 30, 2023, and June 30, 2022: |
| ● | FFO
was $12.7 million and $12.6 million, respectively. |
| | |
| ● | AFFO
was $13.4 million and $13.3 million, respectively. |
| | |
| ● | Net
income was $5.7 million and $5.3 million, respectively. |
| | |
| ● | Rental
income was $24.3 million and $21.8 million, respectively. |
| ● | For
the six months ended June 30, 2023, and June 30, 2022: |
| ● | FFO
was $23.8 million and $14.6 million, respectively. |
| | |
| ● | AFFO
was $26.5 million and $24.8 million, respectively. |
| | |
| ● | Net
income was $9.8 million and $0.02 million, respectively. |
| | |
| ● | Rental
income was $48.6 million and $44.7 million, respectively. |
Moishe
Gubin, Chairman & CEO noted: “It has been a busy second quarter. We went into contract for the Indiana portfolio of 24 facilities
and we will hopefully complete the acquisition before the end of the current quarter. We also issued another series of bonds in Israel
on the Tel-Aviv Stock Exchange, which is our fourth offering that we have successfully completed in Israel. As I anticipated last quarter,
the deal market has been strong and hopefully we will be able to close on a few more deals before year-end. Lastly, as we have been doing,
since we started the Company almost 20 years ago, we will continue to search for deals utilizing our disciplined approach; with the ultimate
goal of providing strong shareholder value.”
Quarterly
Results of Operations (Q2 2023 vs. Q2 2022)
Rental
revenues: The increase in rental revenues of $2.5 million or 11.6% was due to annual lease escalations, lease renewals and increased
property taxes collected from tenants.
Depreciation
and Amortization: The decrease in depreciation of $0.30 million or 4.5% was primarily due to certain equipment and personal property
having been fully depreciated between the quarters ended June 30, 2023 and June 30, 2022, offset by certain site improvements.
General
and administrative expenses: The increase in general and administrative expenses of $0.1 million or 14.3% reflects corporate salaries
and expenses.
Property
and other taxes: The increase in property taxes of $1 million or 38.9% is primarily due to increases in property taxes due.
Provision
for credit losses: The decrease in the provision for credit losses of $0.4 million or 100.0% was related to write-offs of receivables
related to certain defaulted leases and defaulted loan interest in 2022.
Interest
expense, net: The increase in interest expense of $0.8 million or 16.7% was primarily due to an increase in the floating rate on the
Company’s commercial bank loan facility and additional interest on Series C Bonds and Series D Bonds issuances that occurred in
2023.
Miscellaneous
expense: The increase in miscellaneous expense of $1.0 million was a result of a fee paid to an investment banking firm to cancel an
agreement with respect to a proposed financing transaction
Net
Income: The increase in net income from $5.3 million during the second quarter of 2023, to $5.7 million income during the second quarter
of 2023 was primarily a result of higher rental income in the second quarter of 2023 offset by higher general and administrative expenses
due to one-time consulting fees, higher property taxes, and an increase in interest expense.
Six
Months Results of Operations (First Six Months or 2023 vs. First Six Months of 2022)
Rental
revenues: The increase in rental revenue of $3.8 million or 8.5% was due to renegotiation of certain leases, acquisition of a new property
and additional property taxes being reimbursed by the tenants.
Depreciation
and Amortization: The decrease in depreciation of $0.6 million or 4.5% was primarily due to certain equipment and personal property having
been fully depreciated.
Loss
on real estate investment impairment: In February 2023, one facility leased by us under one of our southern Illinois master leases was
closed. The closure was made at the request of the tenant and was mainly for efficiency reasons. This facility continues to be leased
under a master lease with two other facilities. The closure did not result in any reduction in the aggregate rent payable under the master
lease, which has been paid without interruption. As a result of the closure, the Company is seeking to sell the property. Since the facility
is no longer licensed to operate as a skilled nursing facility, we wrote off its remaining book value.
General
and administrative: The decrease in general and administrative of $1.0 million or 29.5% was primarily a result of certain executive compensation
expenses incurred in the period ended June 30, 2022 that was not incurred in the 2023 period.
Property
and other taxes: The increase in property taxes of $1.8 million or 32.3% was primarily due to increases in real estate taxes and franchise
taxes.
Provision
for credit losses: The decrease in the provision for credit losses of $0.6 million or 100% was primarily related to write-offs of receivables
related to certain defaulted leases and defaulted loan interest during the six month period ended June 30, 2022.
Interest
expense, net: The increase in interest expense of $1.1 million or 11.9% was primarily related to increases in the floating rate on the
commercial bank loan facility and additional interest on Series C Bonds and Series D Bonds issuances that occurred during 2023.
Miscellaneous
Expense: The increase in miscellaneous expense of $1.0 million is the result of a fee paid to an investment banking firm in connection
with the cancellation of an agreement with respect to a proposed financing transaction.
Foreign
Currency Transaction Loss: The decrease in foreign currency transaction loss of $10.1 million related to losses incurred in 2022 resulting
from the repayment of the Series B Bonds. These losses were the result of changes in the value of the U.S. dollar relative to the New
Israeli Shekel (NIS).
Net
Income: The increase in net income of $9.8 million in 2023 was primarily due to the absence of the foreign currency transaction losses
realized in 2022.
Dividend
On
August 10, 2023, our Board of Directors declared a cash dividend of $0.11 per share. The dividend will be paid on September 29, 2023
to common shareholders of record as of the close of business on September 15, 2023.
Safe
Harbor Statement
Certain
statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform
Act of 1995. Those forward-looking statements include all statements that are not historical statements of fact and those regarding our
intent, belief or expectations, including, but not limited to, statements regarding: future financing plans, business strategies, growth
prospects and operating and financial performance; expectations regarding the making of distributions and the payment of dividends; and
compliance with and changes in governmental regulations.
Words
such as “anticipate(s),” “expect(s),” “intend(s),” “plan(s),” “believe(s),”
“may,” “will,” “would,” “could,” “should,” “seek(s)” and similar
expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on
management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual
results differing materially from those projected, forecasted or expected. Although we believe that the assumptions underlying the forward-looking
statements are reasonable, we can give no assurance that our expectations will be attained. Factors which could have a material adverse
effect on our operations and future prospects or which could cause actual results to differ materially from our expectations include,
but are not limited to: (i) the COVID-19 pandemic and the measures taken to prevent its spread and the related impact on our business
or the businesses of our tenants; (ii) the ability and willingness of our tenants to meet and/or perform their obligations under the
triple-net leases we have entered into with them, including, without limitation, their respective obligations to indemnify, defend and
hold us harmless from and against various claims, litigation and liabilities; (iii) the ability of our tenants to comply with applicable
laws, rules and regulations in the operation of the properties we lease to them; (iv) the ability and willingness of our tenants to renew
their leases with us upon their expiration, and the ability to reposition our properties on the same or better terms in the event of
nonrenewal or in the event we replace an existing tenant, as well as any obligations, including indemnification obligations, we may incur
in connection with the replacement of an existing tenant; (v) the availability of and the ability to identify (a) tenants who meet our
credit and operating standards, and (b) suitable acquisition opportunities, and the ability to acquire and lease the respective properties
to such tenants on favorable terms; (vi) the ability to generate sufficient cash flows to service our outstanding indebtedness; (vii)
access to debt and equity capital markets; (viii) fluctuating interest rates; (ix) the ability to retain our key management personnel;
(x) the ability to maintain our status as a real estate investment trust (“REIT”); (xi) changes in the U.S. tax law and other
state, federal or local laws, whether or not specific to REITs; (xii) other risks inherent in the real estate business, including potential
liability relating to environmental matters and illiquidity of real estate investments; and (xiii) any additional factors included under
“Risk Factors” in our Annual Report Form 10-K dated March 27, 2023, including in the section entitled “Risk Factors”
in Item 1A of Part I of such report, as such risk factors may be amended, supplemented or superseded from time to time by other reports
we file with the SEC.
Forward-looking
statements speak only as of the date of this press release. Except in the normal course of our public disclosure obligations, we expressly
disclaim any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations
or any change in events, conditions or circumstances on which any statement is based.
Non-GAAP
Financial Measures
Reconciliations,
definitions and important discussions regarding the usefulness and limitations of the Non-GAAP Financial Measures used in this release
can be found below.
About
Strawberry Fields REIT
Strawberry
Fields REIT, Inc., is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing
of skilled nursing and certain other healthcare-related properties. The Company’s portfolio includes 79 healthcare properties,
of which 78 are owned, located throughout the states of Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and
Texas. The properties comprise 83 healthcare facilities, consisting of 76 stand-alone skilled nursing facilities, two dual-purpose facilities
used as both skilled nursing facilities and long-term acute care hospitals, and three assisted living facilities.
Investor
Relations:
Strawberry
Fields REIT, Inc.
IR@sfreit.com
+1
(773) 747-4100 x422
Funds
From Operations (“FFO”)
The
Company believes that funds from operations (“FFO”), as defined in accordance with the definition used by the National Association
of Real Estate Investment Trusts (“NAREIT”), and adjusted funds from operations (“AFFO”) are important non-GAAP
supplemental measures of our operating performance. Because the historical cost accounting convention used for real estate assets requires
straight-line depreciation (except on land), such accounting presentation implies that the value of real estate assets diminishes predictably
over time. However, since real estate values have historically risen or fallen with market and other conditions, presentations of operating
results for a REIT that uses historical cost accounting for depreciation could be less informative. Thus, NAREIT created FFO as a supplemental
measure of operating performance for REITs that excludes historical cost depreciation and amortization, among other items, from net income,
as defined by GAAP. FFO is defined as net income, computed in accordance with GAAP, excluding gains or losses from real estate dispositions,
plus real estate depreciation and amortization. AFFO is defined as FFO excluding the impact of straight-line rent, above-/below-market
leases, non-cash compensation and certain non-recurring items. We believe that the use of FFO, combined with the required GAAP presentations,
improves the understanding of our operating results among investors and makes comparisons of operating results among REITs more meaningful.
We consider FFO and AFFO to be useful measures for reviewing comparative operating and financial performance because, by excluding the
applicable items listed above, FFO and AFFO can help investors compare our operating performance between periods or as compared to other
companies.
While
FFO and AFFO are relevant and widely used measures of operating performance of REITs, they do not represent cash flows from operations
or net income as defined by GAAP and should not be considered an alternative to those measures in evaluating our liquidity or operating
performance. FFO and AFFO also do not consider the costs associated with capital expenditures related to our real estate assets nor do
they purport to be indicative of cash available to fund our future cash requirements. Further, our computation of FFO and AFFO may not
be comparable to FFO and AFFO reported by other REITs that do not define FFO in accordance with the current NAREIT definition or that
interpret the current NAREIT definition or define AFFO differently than we do.
The
following table reconciles our calculations of FFO and AFFO for the six and three months ended June 30, 2023 and 2022, to net income
(loss), the most directly comparable GAAP financial measure, for the same periods:
FFO
and AFFO
| |
Six Months Ended June 30, | | |
Three Months Ended June 30, | |
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
(dollars in $1,000s) | |
| | | |
| | | |
| | | |
| | |
Net income | |
$ | 9,821 | | |
$ | 22 | | |
$ | 5,682 | | |
$ | 5,338 | |
Depreciation and amortization | |
| 13,975 | | |
| 14,565 | | |
| 6,987 | | |
| 7,281 | |
Funds from Operations | |
| 23,796 | | |
| 14,587 | | |
| 12,669 | | |
| 12,619 | |
Adjustments to FFO: | |
| | | |
| | | |
| | | |
| | |
Straight-line rent | |
| (787 | ) | |
| (917 | ) | |
| (296 | ) | |
| (423 | ) |
Straight-line rent receivable write-off | |
| - | | |
| 1,075 | | |
| - | | |
| 1,075 | |
Foreign currency transaction loss | |
| - | | |
| 10,100 | | |
| - | | |
| - | |
Loss on real estate investment impairment | |
| 2,451 | | |
| - | | |
| - | | |
| - | |
Contract cancellation expense for proposed financing | |
| 1,000 | | |
| - | | |
| 1,000 | | |
| - | |
| |
| | | |
| | | |
| | | |
| | |
Funds from Operations, as Adjusted | |
$ | 26,460 | | |
$ | 24,845 | | |
$ | 13,373 | | |
$ | 13,271 | |
v3.23.2
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
Strawberry Fields REIT (QX) (USOTC:STRW)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Strawberry Fields REIT (QX) (USOTC:STRW)
Historical Stock Chart
Von Jun 2023 bis Jun 2024