XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Rental income $ 51,218 $ 47,018 $ 145,126 $ 139,831
Interest and other income 4,659 3,275 12,910 4,491
Total revenues 55,877 50,293 158,036 144,322
Expenses:        
Depreciation and amortization 13,034 12,256 37,988 38,390
Interest expense 11,750 8,355 32,617 20,400
Property taxes 2,167 691 4,437 3,365
Impairment of real estate investments 8,232 12,322 31,510 73,706
Provision for loan losses, net 0 0 0 3,844
Property operating expenses 1,239 3,808 2,860 4,344
General and administrative 5,519 5,159 15,298 15,352
Total expenses 41,941 42,591 124,710 159,401
Other (loss) income:        
(Loss) gain on sale of real estate, net 0 (2,287) 1,958 (2,101)
Unrealized losses on other real estate related investments, net (5,251) (4,706) (7,856) (4,706)
Total other loss (5,251) (6,993) (5,898) (6,807)
Net income (loss) 8,685 709 27,428 (21,886)
Net loss attributable to noncontrolling interests (11) 0 (11) 0
Net income (loss) $ 8,696 $ 709 $ 27,439 $ (21,886)
Earnings (loss) per common share attributable to CareTrust REIT, Inc.:        
Basic (in usd per share) $ 0.08 $ 0.01 $ 0.27 $ (0.23)
Diluted (in usd per share) $ 0.08 $ 0.01 $ 0.27 $ (0.23)
Weighted-average number of common shares:        
Basic (in shares) 104,011 96,605 100,748 96,527
Diluted (in shares) 104,311 96,625 100,918 96,527