CareTrust REIT, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
CTRE$38.84-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Income Statements
(in thousands, except per share amounts)
| For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues: | ||||
| Rental income | $104,265 | $57,153 | $261,944 | $166,062 |
| Interest income from financing receivable | 2,908 | — | 8,601 | — |
| Interest income from other real estate related investments and other income | 25,271 | 20,228 | 70,989 | 43,280 |
| Total revenues | 132,444 | 77,381 | 341,534 | 209,342 |
| Expenses: | ||||
| Depreciation and amortization | 26,693 | 14,009 | 65,749 | 41,317 |
| Interest expense | 12,622 | 8,281 | 32,329 | 25,188 |
| Property taxes and insurance | 2,326 | 2,115 | 6,508 | 5,892 |
| Impairment of real estate investments | 452 | 8,417 | 452 | 36,872 |
| Transaction costs | 560 | — | 1,509 | — |
| Property operating expenses | 279 | 3,477 | 1,322 | 4,392 |
| General and administrative | 15,420 | 6,663 | 36,992 | 19,637 |
| Total expenses | 58,352 | 42,962 | 144,861 | 133,298 |
| Other income (loss): | ||||
| Loss on extinguishment of debt | (390) | (657) | (390) | (657) |
| (Loss) gain on sale of real estate, net | — | (2,286) | 3,876 | (2,254) |
| Unrealized gain (loss) on other real estate related investments, net | 3,603 | 1,800 | 6,858 | (689) |
| (Loss) gain on foreign currency transactions | (298) | — | 4,115 | — |
| Total other income (loss) | 2,915 | (1,143) | 14,459 | (3,600) |
| Income before income tax expense | 77,007 | 33,276 | 211,132 | 72,444 |
| Income tax expense | (2,077) | — | (3,107) | — |
| Net income | 74,930 | 33,276 | 208,025 | 72,444 |
| Net income (loss) attributable to noncontrolling interests | 29 | (165) | (1,223) | (501) |
| Net income attributable to CareTrust REIT, Inc. | $74,901 | $33,441 | $209,248 | $72,945 |
| Earnings per common share attributable to CareTrust REIT, Inc: | ||||
| Basic | $0.35 | $0.21 | $1.06 | $0.50 |
| Diluted | $0.35 | $0.21 | $1.06 | $0.50 |
| Weighted-average number of common shares: | ||||
| Basic | 211,746 | 159,459 | 197,204 | 145,780 |
| Diluted | 212,271 | 159,850 | 197,603 | 146,153 |
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