CareTrust REIT Inc
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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FY2023 · Filed Feb 8, 2024
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Item 2. Properties
As of December 31, 2023, all of the properties we own are leased under long-term, triple-net leases (including properties we own through joint ventures), except for one SNF which is non-operational. The following table displays the expiration of the annualized contractual cash rental income under our lease agreements as of December 31, 2023, excluding properties classified as held for sale, one SNF which is non-operational and two ALFs which are being repurposed, by year and total investment (dollars in thousands) and, in each case, without giving effect to any renewal or purchase options:
| Lease | ||||
|---|---|---|---|---|
| Maturity · Percent of Total · Percent of | ||||
| Year | Investment | Investment | Rent(1) | Total Rent |
| 2024 | $15,800 | 0.8% | $1,583 | 0.8% |
| 2027 | 46,801 | 2.4% | 5,476 | 2.7% |
| 2029 | 149,476 | 7.6% | 11,339 | 5.6% |
| 2030 | 51,487 | 2.6% | 5,107 | 2.5% |
| 2031 | 490,317 | 24.9% | 51,160 | 25.4% |
| 2032 | 178,836 | 9.1% | 18,502 | 9.2% |
| 2033 | 136,782 | 6.9% | 20,804 | 10.3% |
| 2034 | 352,416 | 17.9% | 33,984 | 16.8% |
| 2036 | 146,486 | 7.4% | 14,209 | 7.0% |
| 2038 | 401,514 | 20.4% | 39,575 | 19.7% |
| Total | $1,969,915 | 100.0% | $201,739 | 100.0% |
(1)Includes three SNFs held in consolidated joint ventures.
See the “Tenant Purchase Options” section of Note 3, Real Estate Investments, Net in the Notes to consolidated financial statements for additional information on leases subject to purchase options.
The information set forth under “Portfolio Summary” in Item 1 of this Annual Report on Form 10-K is incorporated by reference herein.
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