Intangible Assets and Goodwill

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Intangible Assets and Goodwill

NOTE 5. Intangible Assets and Goodwill

Intangible assets consist of the following goodwill, Certificate of Need (“CON”) licenses and lease rights:

		Goodwill including CON Licenses				Lease Rights				Total
		(Amounts in $000’s)
Balances, December 31, 2024
Gross		$	1,323				78,577				79,900
Accumulated amortization			-				(51,953	)			(51,953	)
Net carrying amount			1,323				26,624				27,947
Acquisition of lease rights			-				50,880				50,880
Amortization			-				(5,217	)			(5,217	)
Balances, June 30, 2025
Gross			1,323				129,457				130,780
Accumulated amortization			-				(57,170	)			(57,170	)
Net carrying amount		$	1,323				72,287				73,610

Balances, December 31, 2025
Gross		$	1,323				129,457				130,780
Accumulated amortization			-				(62,428	)			(62,428	)
Net carrying amount			1,323				67,029				68,352
Amortization			-				(4,200	)			(4,200	)
Balances, June 30, 2026
Gross			1,323				129,457				130,780
Accumulated amortization			-				(66,629	)			(66,629	)
Net carrying amount		$	1,323				62,828				64,151

Estimated amortization expense for all lease rights for each of the future years ending December 31, is as follows:

		Amortization of Lease Rights
		(Amounts in $000’s)
2026 (six months)		$	3,975
2027			7,949
2028			7,564
2029			7,488
2030			7,488
Thereafter			28,364
Total		$	62,828

STRAWBERRY FIELDS REIT, INC. and Subsidiaries

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS