EARNINGS (LOSS) PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Reconciliation of Weighted-Average Common Shares Outstanding Used in Calculation of Basic EPS to Diluted EPS

The following table presents the calculation of basic and diluted earnings (loss) per common share attributable to CareTrust REIT, Inc. (“EPS”) for the Company’s common stock for the three and six months ended June 30, 2024 and 2023, and reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS (amounts in thousands, except per share amounts):

 

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2024		2023		2024		2023
Numerator:
Net income (loss) attributable to CareTrust REIT, Inc.	$	10,758	$	(484)	$	39,504	$	18,743
Less: Net income allocated to participating securities	(95)		(89)		(191)		(178)
Numerator for basic and diluted earnings available to common stockholders	$	10,663	$	(573)	$	39,313	$	18,565
Denominator:
Weighted-average basic common shares outstanding	144,895		99,117		138,866		99,090
Dilutive potential common shares - TSR Units	363		—		364		90
Dilutive potential common shares - forward equity agreements	—		—		—		14
Weighted-average diluted common shares outstanding	145,258		99,117		139,230		99,194
Earnings (loss) per common share attributable to CareTrust REIT, Inc., basic	$	0.07	$	(0.01)	$	0.28	$	0.19
Earnings (loss) per common share attributable to CareTrust REIT, Inc., diluted	$	0.07	$	(0.01)	$	0.28	$	0.19
Antidilutive unvested RSAs, TSR Units and PSAs excluded from the computation(1)	327		500		327		316

(1)For the three and six months ended June 30, 2024, RSAs are antidilutive. For the three months ended June 30, 2023, RSAs and TSR Units are antidilutive. For the six months ended June 30, 2023, certain TSR Units and RSAs are antidilutive.