CareTrust REIT Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), CareTrust REIT Inc reported revenue of $476.4M (+60.8% year on year) and net income of $320.5M (+156.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Rental income | $368.2M | $228.3M | $198.6M | $187.5M |
| Resident fees and services | $1.2M | — | — | $0 |
| Interest income from financing receivable | $11.5M | $1.0M | — | — |
| Interest income from other real estate related investments and other income | $95.5M | $67.0M | $19.2M | $8.6M |
| Total revenues | $476.4M | $296.3M | $217.8M | $196.1M |
| Depreciation and amortization | $92.9M | $56.8M | $51.2M | $50.3M |
| Interest expense | $43.7M | $30.3M | $40.9M | $30.0M |
| Property taxes and insurance | $8.8M | $7.8M | $6.2M | $4.3M |
| Senior housing operating expenses | $952.0K | — | — | — |
| Impairment of real estate investments | $2.5M | $42.2M | $36.3M | $79.1M |
| Transaction costs | $5.3M | $1.3M | — | — |
| Provision for loan losses | $0 | $4.9M | $0 | $3.8M |
| Property operating (recoveries) expenses | ($138.0K) | — | — | — |
| General and administrative | $52.5M | $28.9M | $21.8M | $20.2M |
| Total expenses | $206.5M | $178.1M | $159.8M | $192.8M |
| Other income, net | $4.3M | — | — | — |
| Loss on extinguishment of debt | ($390.0K) | ($657.0K) | $0 | $0 |
| Gain (loss) on sale of real estate, net | $31.5M | ($2.2M) | $2.2M | ($3.8M) |
| Unrealized gain (loss) on other real estate related investments, net | $15.8M | $9.0M | ($6.5M) | ($7.1M) |
| Gain on foreign currency transactions, net | $4.0M | — | — | — |
| Total other income (loss) | $55.4M | $6.2M | ($4.3M) | ($10.9M) |
| Income before income tax expense | $325.3M | — | — | — |
| Income tax expense | ($5.0M) | — | — | — |
| Net income | $320.3M | $124.4M | $53.7M | — |
| Net loss attributable to noncontrolling interests | ($252.0K) | ($681.0K) | ($13.0K) | — |
| Net income attributable to CareTrust REIT, Inc. | $320.5M | $125.1M | $53.7M | ($7.5M) |
| Basic (in usd per share) | $1.57 | $0.81 | $0.50 | -$0.08 |
| Diluted (in usd per share) | $1.57 | $0.80 | $0.50 | -$0.08 |
| Basic (in shares) | 203.6M | 154.8M | 106.0M | 96.7M |
| Diluted (in shares) | 204.1M | 155.2M | 106.2M | 96.7M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Rental income | $118.2M | $114.2M | $104.3M | $86.0M |
| Resident fees and services | $4.6M | $3.9M | — | — |
| Interest income from financing receivables | $11.7M | $2.8M | $2.9M | $2.9M |
| Interest income from other real estate related investments and other income | $26.8M | $22.0M | $25.3M | $23.6M |
| Total revenues | $161.3M | $142.8M | $132.4M | $112.5M |
| Depreciation and amortization | $30.4M | $29.4M | $26.7M | $21.2M |
| Interest expense | $15.3M | $11.2M | $12.6M | $13.0M |
| Property taxes and insurance | $2.2M | $2.5M | $2.3M | $2.1M |
| Senior housing operating expenses | $3.7M | $3.1M | — | — |
| Transaction costs | $352.0K | $207.0K | $560.0K | — |
| Provision for loan losses | $4.7M | — | — | — |
| Property operating (recoveries) expenses | ($4.0K) | $296.0K | — | — |
| General and administrative | $15.8M | $14.3M | $15.4M | $12.5M |
| Total expenses | $72.4M | $61.1M | $58.4M | $49.9M |
| Gain on sale of real estate, net | $0 | $0 | $0 | $0 |
| Unrealized gain on other real estate related investments, net | $1.7M | $7.0K | $3.6M | $2.0M |
| Gain on foreign currency transactions, net | $75.0K | $57.0K | ($298.0K) | $4.4M |
| Total other income | $1.8M | $64.0K | $2.9M | $6.4M |
| Income before income tax expense | $90.8M | $81.8M | $77.0M | $68.9M |
| Income tax expense | ($2.5M) | ($2.3M) | ($2.1M) | ($1.0M) |
| Net income | $88.2M | $79.5M | $74.9M | $67.9M |
| Net loss attributable to noncontrolling interests | ($760.0K) | ($705.0K) | $29.0K | ($643.0K) |
| Net income attributable to CareTrust REIT, Inc. | $89.0M | $80.2M | $74.9M | $68.5M |
| Basic (in usd per share) | $0.38 | $0.36 | $0.35 | $0.36 |
| Diluted (in usd per share) | $0.38 | $0.36 | $0.35 | $0.35 |
| Basic (in shares) | 233.8M | 223.0M | 211.7M | 192.4M |
| Diluted (in shares) | 234.2M | 224.0M | 212.3M | 192.9M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Real estate investments, net | $3.7B | $2.2B | $1.6B | $1.4B |
| Financing receivable, at fair value (including accrued interest of $913 and $281 as of December 31, 2025 and 2024, respectively) | $92.2M | $96.0M | — | — |
| Other real estate related investments, net (including accrued interest of $5,759 and $4,725 as of December 31, 2025 and 2024, respectively) | $899.3M | — | — | — |
| Assets held for sale, net | $0 | $57.3M | $15.0M | $12.3M |
| Cash and cash equivalents | $198.0M | $213.8M | $294.4M | $13.2M |
| Accounts and other receivables | $10.4M | $1.2M | $395.0K | $416.0K |
| Prepaid expenses and other assets, net | $230.4M | $35.6M | $23.3M | $11.7M |
| Deferred financing costs, net | $8.6M | $11.2M | $4.2M | $5.4M |
| Total assets | $5.1B | $3.4B | $2.1B | $1.6B |
| Senior unsecured notes payable, net | $397.8M | $396.9M | $396.0M | $395.1M |
| Senior unsecured term loan, net | $496.4M | $0 | $199.6M | $199.3M |
| Accounts payable, accrued liabilities and deferred rent liabilities | $120.4M | $56.3M | $34.0M | $24.4M |
| Dividends payable | $74.8M | $54.4M | $36.5M | $27.6M |
| Total liabilities | $1.1B | $507.6M | $666.1M | $771.4M |
| Redeemable noncontrolling interests | $18.2M | $18.2M | — | — |
| Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024 | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value; 500,000,000 shares authorized, 222,746,343 and 186,993,010 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 2.2M | 1.9M | 1.3M | 990.0K |
| Additional paid-in capital | $4.5B | $3.4B | $1.9B | $1.2B |
| Cumulative distributions in excess of earnings | ($491.8M) | ($532.6M) | ($467.6M) | ($397.0M) |
| Accumulated other comprehensive income | $5.9M | — | — | — |
| Total stockholders' equity | $4.0B | $2.9B | $1.4B | $849.4M |
| Noncontrolling interests | $5.5M | $2.7M | $1.9M | — |
| Total equity | $4.0B | $2.9B | $1.4B | — |
| Total liabilities and equity | $5.1B | $3.4B | $2.1B | $1.6B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Real estate investments, net | $4.1B | $3.9B | $3.3B | $3.3B |
| Financing receivables, net (includes $92,899 and $92,193 at fair value as of June 30, 2026 and December 31, 2025, respectively) | $556.2M | $92.5M | $98.1M | $97.3M |
| Other real estate related investments, net (including accrued interest of $9,135 and $5,759 as of June 30, 2026 and December 31, 2025, respectively) | $1.1B | $931.5M | — | — |
| Cash and cash equivalents | $47.6M | $223.2M | $712.5M | $306.1M |
| Restricted cash | $1.7M | — | — | — |
| Accounts and other receivables | $18.0M | $14.5M | $7.4M | $2.7M |
| Prepaid expenses and other assets, net | $87.4M | $90.9M | $90.3M | $88.4M |
| Deferred financing costs, net | $7.2M | $7.9M | $9.3M | $10.0M |
| Total assets | $5.9B | $5.2B | $5.1B | $4.7B |
| Senior unsecured notes payable, net | $398.3M | $398.0M | $397.6M | $500.4M |
| Senior unsecured term loan, net | $496.8M | $496.6M | $496.2M | $496.0M |
| Unsecured revolving credit facility | $310.0M | — | — | — |
| Accounts payable, accrued liabilities and deferred rent liabilities | $118.7M | $100.1M | $103.1M | $109.1M |
| Dividends and distributions payable | $92.3M | $88.5M | — | — |
| Total liabilities | $1.4B | $1.1B | $1.1B | $1.3B |
| Redeemable noncontrolling interests | $13.3M | $15.7M | $18.5M | $20.9M |
| Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued and outstanding as of June 30, 2026 and December 31, 2025 | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value; 500,000,000 shares authorized, 236,054,579 and 222,746,343 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 2.4M | 2.3M | 2.2M | 2.0M |
| Additional paid-in capital | $5.0B | $4.6B | $4.5B | $3.8B |
| Cumulative distributions in excess of earnings | ($503.2M) | ($500.0M) | ($528.3M) | ($528.4M) |
| Accumulated other comprehensive (loss) income | ($4.0M) | ($9.0M) | $3.7M | $19.0M |
| Total stockholders’ equity | $4.5B | $4.1B | $4.0B | $3.3B |
| Noncontrolling interests | $8.5M | $6.6M | $4.6M | $3.5M |
| Total equity | $4.5B | $4.1B | $4.0B | $3.3B |
| Total liabilities and equity | $5.9B | $5.2B | $5.1B | $4.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $320.3M | $124.4M | $53.7M | — |
| Depreciation and amortization (including below-market ground leases) | $93.0M | $56.9M | $51.3M | $50.4M |
| Amortization of deferred financing costs | $4.1M | $2.8M | $2.4M | $2.1M |
| Loss on extinguishment of debt | $390.0K | $282.0K | $0 | $0 |
| Unrealized (gain) loss on other real estate related investments, net | ($15.8M) | ($9.0M) | $6.5M | — |
| Amortization of stock-based compensation | $11.9M | $6.1M | $5.2M | $5.8M |
| Straight-line rental income | ($8.8M) | $28.0K | $29.0K | ($17.0K) |
| Amortization of lease incentives | $193.0K | $22.0K | — | — |
| Amortization of above and below market leases | ($6.8M) | ($2.9M) | ($384.0K) | — |
| Noncash interest income | ($1.5M) | ($3.3M) | ($407.0K) | ($1.2M) |
| (Gain) loss on sale of real estate, net | ($31.5M) | $2.2M | ($2.2M) | $3.8M |
| Impairment of real estate investments | $2.5M | $42.2M | $36.3M | $79.1M |
| Provision for loan losses | $0 | $4.9M | $0 | $3.8M |
| Accounts and other receivables | ($187.0K) | ($808.0K) | ($9.0K) | $604.0K |
| Prepaid expenses and other assets, net | ($1.8M) | ($3.7M) | ($21.0K) | $123.0K |
| Accounts payable, accrued liabilities and deferred rent liabilities | $28.0M | $24.0M | $2.4M | ($1.0M) |
| Net cash provided by operating activities | $394.0M | $244.3M | $154.8M | $144.4M |
| Acquisitions of real estate, net of deposits applied | ($1.3B) | ($812.0M) | ($233.8M) | ($21.9M) |
| Purchases of equipment, furniture and fixtures and improvements to real estate | ($15.0M) | ($8.1M) | ($11.0M) | ($7.3M) |
| Preferred equity investments | ($30.0M) | ($52.0M) | ($1.8M) | — |
| Investment in real estate related investments and other loans receivable | ($97.0M) | ($559.2M) | ($60.3M) | ($149.7M) |
| Investment in financing receivable | $0 | ($95.7M) | — | — |
| Principal payments received on real estate related investments and other loans receivable | $75.1M | $4.5M | $26.5M | $6.3M |
| Principal payments received on financing receivable | $4.4M | — | — | — |
| Escrow deposits for potential acquisitions of real estate | ($144.3M) | ($5.2M) | ($3.8M) | $0 |
| Net proceeds from sales of real estate | $79.3M | $13.9M | $16.3M | $45.1M |
| Net cash used in investing activities | ($1.5B) | ($1.5B) | ($267.8M) | ($127.4M) |
| Proceeds from the issuance of common stock, net | $1.1B | $1.6B | $634.4M | $47.2M |
| Proceeds from the issuance of senior unsecured term loan | $500.0M | — | — | — |
| Proceeds from the secured borrowing | $0 | $75.0M | — | — |
| Borrowings under unsecured revolving credit facility | $650.0M | $0 | $185.0M | $160.0M |
| Payments on senior unsecured term loan | $0 | ($200.0M) | — | — |
| Payment on secured borrowing | $0 | ($75.0M) | — | — |
| Payments on unsecured revolving credit facility | ($650.0M) | $0 | ($310.0M) | ($115.0M) |
| Payments on secured notes payable | ($102.4M) | — | — | — |
| Payments on secured revolving credit facilities | ($153.8M) | — | — | — |
| Payments on extinguishment of debt and deferred financing costs | ($4.6M) | ($9.2M) | ($68.0K) | ($5.4M) |
| Net-settle adjustment on restricted stock | ($3.3M) | ($2.5M) | ($1.5M) | ($4.5M) |
| Dividends paid on common stock | ($259.3M) | ($172.2M) | ($115.5M) | ($106.1M) |
| Contributions from noncontrolling interests | $8.7M | $19.8M | $2.0M | — |
| Distributions to noncontrolling interests | ($5.7M) | ($69.0K) | ($41.0K) | — |
| Net cash provided by financing activities | $1.1B | $1.2B | $394.3M | ($23.7M) |
| Effect of foreign currency translation | $515.0K | — | — | — |
| Net (decrease) increase in cash and cash equivalents | ($15.8M) | ($80.6M) | $281.3M | ($6.7M) |
| Cash and cash equivalents as of the beginning of period | $213.8M | $294.4M | $13.2M | $19.9M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $167.7M | $79.5M | $208.0M | $133.1M |
| Depreciation and amortization (including below-market ground leases) | $59.9M | $29.5M | $65.9M | $39.1M |
| Amortization of deferred financing costs | $2.2M | $1.1M | $3.0M | $1.9M |
| Unrealized gain on other real estate related investments, net | ($1.7M) | ($7.0K) | ($6.9M) | ($3.3M) |
| Amortization of stock-based compensation | $6.5M | $3.4M | $9.4M | $6.9M |
| Straight-line rental income | ($8.0M) | ($3.8M) | ($5.2M) | ($1.8M) |
| Amortization of lease incentives | $98.0K | $49.0K | $145.0K | $97.0K |
| Amortization of above and below market leases | ($43.0K) | $1.0K | ($6.7M) | ($1.9M) |
| Noncash interest income | ($4.9M) | ($2.1M) | ($2.4M) | ($1.6M) |
| Gain on sale of real estate, net | $0 | $0 | ($3.9M) | ($3.9M) |
| Provision for loan losses | $4.7M | — | — | — |
| Accounts and other receivables | ($648.0K) | ($512.0K) | ($761.0K) | $573.0K |
| Prepaid expenses and other assets, net | ($4.2M) | ($1.5M) | ($766.0K) | ($459.0K) |
| Accounts payable, accrued liabilities and deferred rent liabilities | $3.5M | ($15.3M) | $12.3M | $3.3M |
| Net cash provided by operating activities | $225.1M | $90.4M | $273.1M | $172.2M |
| Acquisitions of real estate, net of deposits applied | ($270.8M) | ($71.7M) | ($860.9M) | ($820.0M) |
| Purchases of equipment, furniture and fixtures and improvements to real estate | ($7.4M) | ($3.2M) | ($10.0M) | ($6.8M) |
| Preferred equity investments | $0 | — | ($30.0M) | ($30.0M) |
| Investment in real estate related investments and other loans receivable | ($258.5M) | ($30.5M) | ($48.4M) | ($21.7M) |
| Investment in financing receivables | ($467.1M) | — | — | — |
| Principal payments received on real estate related investments and other loans receivable | $15.1M | $340.0K | $10.2M | $9.9M |
| Escrow deposits for potential acquisitions of real estate | ($1.9M) | ($153.0K) | ($6.4M) | ($1.0M) |
| Net proceeds from sales of real estate | $0 | $0 | $44.4M | $44.4M |
| Net cash used in investing activities | ($990.7M) | ($105.2M) | ($901.0M) | ($825.3M) |
| Proceeds from the issuance of common stock, net | $484.3M | $127.9M | $1.1B | $365.3M |
| Proceeds from the issuance of senior unsecured term loan | $0 | — | $500.0M | $500.0M |
| Borrowings under unsecured revolving credit facility | $660.0M | $0 | $650.0M | $525.0M |
| Payments on unsecured revolving credit facility | ($350.0M) | — | ($650.0M) | ($525.0M) |
| Payments of deferred financing costs | $0 | $0 | ($4.6M) | ($4.2M) |
| Net-settle adjustment on restricted stock | ($10.5M) | ($10.5M) | ($3.3M) | ($3.3M) |
| Dividends paid on common stock | ($163.3M) | ($74.8M) | ($184.5M) | ($117.4M) |
| Contributions from noncontrolling interests | $1.2M | $125.0K | $7.1M | $6.9M |
| Distributions to noncontrolling interests | ($4.4M) | ($2.2M) | ($3.8M) | ($2.2M) |
| Net cash provided by financing activities | $617.4M | $40.5M | $1.1B | $745.1M |
| Effect of foreign currency translation on cash and cash equivalents | ($583.0K) | ($481.0K) | $335.0K | $319.0K |
| Net (decrease) increase in cash, cash equivalents and restricted cash | ($148.8M) | $25.2M | $498.7M | $92.2M |
| Cash, cash equivalents and restricted cash as of the beginning of period | $198.0M | $198.0M | $213.8M | $213.8M |
| Cash, cash equivalents and restricted cash as of the end of period | $49.3M | — | — | — |
| Interest paid | $23.6M | $6.2M | $25.7M | $16.4M |
| Income taxes paid | $302.0K | — | — | — |
| Increase in dividends and distributions payable | $17.4M | $13.7M | — | — |
| Right-of-use asset obtained in exchange for new operating lease obligation | $0 | — | $1.5M | $1.5M |
| Accrued costs payable related to acquisitions of real estate | $996.0K | $487.0K | — | — |
| Non-cash acquisition of real estate | $8.9M | — | — | — |
CareTrust REIT Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.