
Coverage
Analyses on Strawberry (2)
- May 31, 2026May 31, 2026
- Follow-up
Strawberry: Indiana 2 Is Fully Leased and Rent Coverage Rests on UPL
At Indiana 2, Strawberry's contractual occupancy is full, but rent coverage rests on UPL: coverage is 1.34 including Medicaid supplemental payments and falls to only 0.37 without them.

Strawberry in the First Quarter: Parent Funding Reduces 2026 Maturities While Indiana Lease Coverage Relies on UPL
Strawberry opened 2026 with assets that continue to generate NOI and management FFO, but the quarter is mainly defined by debt refinancing: parent-company funding reduces part of 2026 maturities, while Indiana 2 shows material dependence on UPL payments for lease coverage.

Same sector
































