Strawberry Fields REIT, Inc.

Recent Developments

On March 6, 2026, the master lease agreement under the Landmark framework agreement (which is with a third party unrelated to the Company) was amended to include two additional properties, Lincoln Park and Westshire, which had previously been operated by companies affiliated with the Company’s controlling shareholders under identical rental terms. The amendment was approved by the Company’s Audit Committee. Following the amendment, the annual base rent under the master lease increased by approximately $2 million. All other lease terms, including the lease term and the annual rent escalation rate of 3%, remained unchanged.

On April 15, 2026, the Company filed with the SEC a Form S-3 as a $200,000,000 “shelf registration” (the “2026 Form S-3”) On April 23, 2026, the SEC declared the 2026 Form S-3 effective. As of the date hereof, the Company has not commenced any offering under the 2026 Form S-3 shelf registration.

On May 7, 2026, the Company’s Board of Directors declared a cash dividend on its common stock in the amount of $0.17 per share. The dividend was paid in cash on June 30, 2026 to holders of record of the common stock as of June 16, 2026.

On May 11, 2026 the Company sold the SNF portion of the 8200 National Ave Realty, LLC to a third-party buyer. The property was sold after the exercise of an option by the current tenant for a total of $4.2 million dollars. The SNF portion consists of 106 licensed beds. The Company still maintains the LTACH portion of the LLC, which has 31 licensed beds.