SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2024

The CODM evaluates performance based on net income, as follows (in thousands):


	Year Ended December 31,
	2024		2023		2022
Revenues:
Rental income	$	228,261	$	198,599	$	187,506


Interest income from financing receivable	1,009		—		—
Interest income from other real estate related investments and other income	67,016		19,171		8,626
Total revenues	296,286		217,770		196,132
Expenses:
Depreciation and amortization	56,831		51,199		50,316
Interest expense	30,310		40,883		30,008

Property taxes	7,838		6,170		4,333

Impairment of real estate investments	42,225		36,301		79,062
Transaction costs	1,326		—		—
Provision for loan losses, net	4,900		—		3,844
Property operating expenses	5,714		3,423		5,039

General and administrative
Cash compensation	6,474		5,636		6,107
Incentive compensation	9,699		5,350		3,550
Share-based compensation	6,130		5,153		5,758
Professional services	2,785		2,399		1,897
Taxes and insurance	1,019		908		897
Other expenses(1)	2,816		2,359		1,956
Total general and administrative	28,923		21,805		20,165
Total expenses	178,067		159,781		192,767
Other income (loss):
Loss on extinguishment of debt	(657)		—		—
(Loss) gain on sale of real estate, net	(2,208)		2,218		(3,769)

Unrealized gain (loss) on other real estate related investments, net	9,045		(6,485)		(7,102)
Total other income (loss)	6,180		(4,267)		(10,871)
Net income (loss)	124,399		53,722		(7,506)
Net loss attributable to noncontrolling interests	(681)		(13)		—
Net income (loss) attributable to CareTrust REIT, Inc.	$	125,080	$	53,735	$	(7,506)

(1) Other expenses include certain overhead expenses.