v3.26.1
SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The chief operating decision maker (“CODM”) is the President and Chief Executive Officer. The Company represents a single reportable segment, based on how its CODM evaluates the business and allocates resources. The CODM assesses performance for the Company and decides how to allocate resources based on consolidated net income that is also reported on the condensed consolidated income statements. The CODM does not review segment assets at a different asset level or category than the amounts disclosed in the condensed consolidated balance sheets. The CODM uses net income to evaluate the performance of the Company in deciding whether to reinvest profits into the Company.
The CODM evaluates performance based on net income, as follows (in thousands):
For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
Revenues:
Rental income$118,205 $86,033 $232,401 $157,679 
Resident fees and services
4,643 — 8,495 — 
Interest income from financing receivables11,696 2,886 14,474 5,693 
Interest income from other real estate related investments and other income26,804 23,550 48,761 45,718 
Total revenues161,348 112,469 304,131 209,090 
Expenses:
Depreciation and amortization30,362 21,215 59,792 39,056 
Interest expense15,324 13,038 26,566 19,707 
Property taxes and insurance2,163 2,117 4,616 4,182 
Senior housing operating expenses
3,732 — 6,838 — 
Transaction costs352 61 559 949 
Provision for loan losses4,671 — 4,671 — 
Property operating (recoveries) expenses(4)938 292 1,043 
Cash compensation3,151 2,003 6,730 4,093 
Incentive compensation6,101 3,424 10,185 4,649 
Share-based compensation3,023 3,026 6,471 6,935 
Professional services1,725 2,453 3,253 3,329 
Taxes and insurance218 470 451 688 
Other expenses(1)
1,559 1,173 3,024 1,878 
General and administrative
15,777 12,549 30,114 21,572 
Total expenses72,377 49,918 133,448 86,509 
Other income:
Gain on sale of real estate, net
— — — 3,876 
Unrealized gain on other real estate related investments, net
1,725 1,968 1,732 3,255 
Gain on foreign currency transactions, net
75 4,413 132 4,413 
Total other income
1,800 6,381 1,864 11,544 
Income before income tax expense90,771 68,932 172,547 134,125 
Income tax expense(2,535)(1,030)(4,806)(1,030)
Net income88,236 67,902 167,741 133,095 
Net loss attributable to noncontrolling interests(760)(643)(1,465)(1,252)
Net income attributable to CareTrust REIT, Inc.$88,996 $68,545 $169,206 $134,347 
(1)Other expenses include certain overhead expenses.