CareTrust REIT, Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
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Item 2. Properties
The following table sets forth certain information regarding the properties that comprise our consolidated net real estate investments, exclusive of real estate loan investments, as of December 31, 2025 (dollars in thousands):
| Triple-net | SHOP | |||||
|---|---|---|---|---|---|---|
| Location | Number of Properties | Total Investment | Annualized Revenues(1) | Number of Properties | Total Investment | Annualized Revenues(1) |
| CA | 54 | $804,264 | $86,464 | — | $— | $— |
| UK | 133 | 865,472 | 69,061 | — | — | — |
| TX | 42 | 397,479 | 44,767 | 3 | 40,298 | 14,700 |
| TN | 27 | 442,040 | 44,224 | — | — | — |
| LA | 8 | 186,116 | 19,343 | — | — | — |
| ID | 19 | 159,333 | 17,831 | — | — | — |
| WA | 17 | 154,096 | 14,973 | — | — | — |
| VA | 4 | 159,453 | 14,368 | — | — | — |
| AZ | 11 | 60,179 | 14,052 | — | — | — |
| MS | 8 | 166,064 | 13,000 | — | — | — |
| NC | 7 | 117,025 | 10,315 | — | — | — |
| MD | 5 | 95,699 | 8,732 | — | — | — |
| UT | 13 | 85,071 | 8,225 | — | — | — |
| IL | 11 | 77,642 | 6,898 | — | — | — |
| PA | 4 | 57,021 | 4,632 | — | — | — |
| CO | 7 | 60,483 | 4,321 | — | — | — |
| OH | 6 | 76,574 | 4,176 | — | — | — |
| MO | 2 | 31,844 | 2,821 | — | — | — |
| OR | 2 | 28,597 | 2,800 | — | — | — |
| MT | 3 | 22,619 | 2,568 | — | — | — |
| NV | 3 | 13,165 | 2,359 | — | — | — |
| NM | 1 | 12,813 | 2,122 | — | — | — |
| SD | 1 | 9,744 | 2,004 | — | — | — |
| GA | 1 | 15,297 | 1,498 | — | — | — |
| SC | 1 | 11,683 | 1,122 | — | — | — |
| AL | 1 | 11,260 | 1,100 | — | — | — |
| NE | 5 | 14,531 | 1,078 | — | — | — |
| IA | 5 | 15,812 | 1,045 | — | — | — |
| WI | 2 | 11,953 | 949 | — | — | — |
| ND | 1 | 8,184 | 841 | — | — | — |
| WV | 1 | 7,243 | 812 | — | — | — |
| KS | 1 | 6,987 | 622 | — | — | — |
| MI | 1 | 11,071 | — | — | — | — |
| Total: | 407 | $4,196,814 | $409,123 | 3 | $40,298 | $14,700 |
(1) Represents revenue for the month ended December 31, 2025 annualized.
The following table displays the expiration of the annualized contractual cash rental income under our triple-net lease agreements as of December 31, 2025, (dollars in thousands) and, in each case, without giving effect to any renewal or purchase options:
| Lease | ||
|---|---|---|
| Maturity · Percent of | ||
| Year | Rent(1) | Total Rent |
| 2031 | $46,236 | 11.2% |
| 2032 | 35,057 | 8.6% |
| 2033 | 18,182 | 4.4% |
| 2034 | 40,378 | 9.9% |
| 2035 | 20,276 | 5.0% |
| 2036 | 15,185 | 3.7% |
| 2037 | 15,720 | 3.8% |
| 2038 | 33,834 | 8.3% |
| 2039 | 56,073 | 13.6% |
| 2040 | 70,628 | 17.3% |
| 2041 | 644 | 0.2% |
| 2043 | 5,328 | 1.3% |
| 2044 | 15,454 | 3.8% |
| 2045 | 10,123 | 2.5% |
| 2046 | 739 | 0.2% |
| 2047 | 6,429 | 1.6% |
| 2049 | 276 | 0.1% |
| 2050 | 2,871 | 0.7% |
| 2051 | 1,020 | 0.2% |
| 2053 | 4,045 | 1.0% |
| 2055 | 410 | 0.1% |
| 2056 | 258 | 0.1% |
| 2057 | 4,276 | 1.0% |
| 2058 | 5,681 | 1.4% |
| Total | $409,123 | 100.0% |
See the “Tenant Purchase Options” section of Note 4, 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 “Classification of Properties in our Portfolio” 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.