CareTrust REIT Inc
For the period ended Dec 31, 2024. Filed Feb 12, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 12, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. Properties
As of December 31, 2024, all of the properties we own are leased under long-term, triple-net leases (including properties we own in consolidated joint ventures). The following table displays the expiration of the annualized contractual cash rental income under our lease agreements as of December 31, 2024, excluding properties classified as held for sale and one ALF which is non-operational, 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(1) | Investment | Rent(1) | Total Rent |
| 2026 | $25,116 | 0.9% | $868 | 0.3% |
| 2027 | 46,801 | 1.7% | 5,613 | 2.1% |
| 2029 | 105,696 | 3.9% | 8,543 | 3.1% |
| 2031 | 490,317 | 18.2% | 52,466 | 19.3% |
| 2032 | 278,386 | 10.3% | 27,467 | 10.1% |
| 2033 | 147,818 | 5.5% | 22,352 | 8.2% |
| 2034 | 453,119 | 16.8% | 45,336 | 16.6% |
| 2036 | 169,678 | 6.3% | 14,564 | 5.3% |
| 2038 | 319,580 | 11.8% | 33,514 | 12.3% |
| 2039 | 564,154 | 20.9% | 54,694 | 20.1% |
| 2044 | 97,973 | 3.7% | 6,895 | 2.6% |
| Total | $2,698,638 | 100.0% | $272,312 | 100.0% |
(1)Includes facilities held in consolidated joint ventures. See Note 3, Real Estate Investments, Net, and Note 12, Variable Interest Entities, for additional information.
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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.