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SEGMENT REPORTING (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of CODM Evaluation of Performance Based on Net Income | The CODM evaluates performance based on net income, as follows (in thousands):
| 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 |  |  |  |  |  |  |
Cash compensation | 2,636 |  |  | 1,571 |  |  | 6,730 |  |  | 4,878 |
Incentive compensation | 7,042 |  |  | 2,500 |  |  | 11,691 |  |  | 5,500 |
Share-based compensation | 2,493 |  |  | 1,143 |  |  | 9,428 |  |  | 4,669 |
Professional services | 1,439 |  |  | 570 |  |  | 4,768 |  |  | 1,936 |
Taxes and insurance | 523 |  |  | 211 |  |  | 1,212 |  |  | 761 |
Other expenses(1) | 1,287 |  |  | 668 |  |  | 3,163 |  |  | 1,893 |
Total 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 transaction, net | (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 |
(1)Other expenses include certain overhead expenses.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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