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SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
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 March 31,
20252024
Revenues:
Rental income$71,646 $53,502 
Interest income from financing receivable2,807 — 
Interest income from other real estate related investments and other income22,168 9,568 
Total revenues96,621 63,070 
Expenses:
Depreciation and amortization17,841 13,448 
Interest expense6,669 8,228 
Property taxes2,065 1,801 
Impairment of real estate investments— 2,744 
Transaction costs888 — 
Property operating expenses105 660 
General and administrative
Cash compensation2,090 1,765 
Incentive compensation1,225 1,500 
Share-based compensation3,909 2,120 
Professional services876 738 
Taxes and insurance218 205 
Other expenses(1)
705 510 
Total general and administrative9,023 6,838 
Total expenses36,591 33,719 
Other income (loss):
Gain on sale of real estate, net3,876 11 
Unrealized gain (loss) on other real estate related investments, net1,287 (612)
Total other income (loss)5,163 (601)
Net income65,193 28,750 
Net (loss) income attributable to noncontrolling interests(609)4 
Net income attributable to CareTrust REIT, Inc.$65,802 $28,746 
(1)Other expenses include certain overhead expenses.