ADDED
As of February 11, 2026, there were 223,404,715 shares of the registrant s common stock outstanding.
You are urged to carefully review the disclosures we make concerning risks and uncertainties that may affect our business and future financial performance, including those made below under Risk Factors Summary and Risk Factors in Item 1A of this Annual Report on Form 10-K.
RISK FACTORS SUMMARY Investors should consider the risks and uncertainties described below that may affect our business and future financial performance.
These and other risks and uncertainties are more fully described in Risk Factors in Item 1A of this Annual Report on Form 10-K, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the Securities and Exchange Commission (the SEC ), including subsequent Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.
Additional risks not presently known to us or that we currently deem immaterial may also affect us.
If any of these risks occur, our business, financial condition or results of operations could be materially and adversely affected.
tax law and other state, federal or local laws, whether or not specific to REITs; the ability to generate sufficient cash flows to service our outstanding indebtedness; access to debt and equity capital markets; and fluctuating interest and currency rates.
( PACS ), who each lease properties from us on a triple-net basis, are subject to the reporting requirements of the SEC and are required to file with the SEC annual reports containing audited financial information and quarterly reports containing unaudited financial information.
As of December 31, 2025, CareTrust REIT owned, directly or indirectly in consolidated joint ventures, and leased to independent operators, 407 skilled nursing facilities (each, a SNF ), senior housing communities and other properties consisting of 37,628 operational beds and units located in 32 states and the United Kingdom (the U.K.
), with the highest concentration of properties by rental income located in California, the U.K., Texas, and Tennessee.
REMOVED
As of February 11, 2025, there were 187,661,893 shares of the registrant s common stock outstanding.
( PACS ) are subject to the reporting requirements of the SEC and are required to file with the SEC annual reports containing audited financial information and quarterly reports containing unaudited financial information.
As of December 31, 2024, CareTrust REIT owned, directly or in consolidated joint ventures, and leased to independent operators, 258 skilled nursing facilities ( SNFs ), multi-service campuses, assisted living facilities ( ALFs ) and independent living facilities ( ILFs ) (including facilities classified as held for sale) consisting of 28,088 operational beds and units located in 32 states with the highest concentration of properties by rental income located in California and Texas.
As of December 31, 2024, we also had other real estate related investments consisting of three preferred equity investments, 15 real estate secured loans receivable and five mezzanine loans receivable with a carrying value of $795.2 million and one financing receivable with a carrying value of $96.0 million.
From time to time, we also partner with third-party institutional investors to invest in healthcare real estate in consolidated joint ventures.
We conduct and manage our business as one operating segment for internal reporting and internal decision making purposes.
We expect to grow our portfolio by pursuing opportunities to acquire additional properties that will be leased to a diverse group of local, regional, and national healthcare providers, which may include new or existing skilled nursing operators, as well as seniors housing operators, behavioral health facilities and related businesses.
We also anticipate diversifying our portfolio over time, including by acquiring properties in different geographic markets, including internationally, and in different asset classes.
The replacement tenants may include tenants with whom we have had no prior landlord-tenant relationship as well as current tenants with whom we are comfortable expanding our relationships.
(2) Initial annual cash rent represents initial cash rent for the first twelve months.