What does reportable legal entities — tenant reimbursements mean?

Revenue recovered from tenants for property-related operating expenses.

How do you interpret reportable legal entities — tenant reimbursements?

An increase suggests higher pass-through costs or improved recovery mechanisms, while a decrease may indicate lower recoverable expenses or potential lease structure changes.

How does reportable legal entities — tenant reimbursements compare across companies?

Standard in triple-net lease REITs; peers report this as 'Recoveries' or 'Reimbursable Revenue'.

CareTrust CTRE Reportable Legal Entities — Tenant Reimbursements

Discontinued — last reported Q2 '18

Similar metrics at other companies

AMHReportable Legal Entities — Tenant Reimbursements

$35.8M+26.2%

GLPIReal estate — Real estate taxes paid by tenants

$0—

WPCRevenue From Reimbursements — Operating property revenues

$0-100%

LADRReal Estate — Tenant Recoveries

$1.92M-6.7%

PEA

PEAKTenant Reimbursements — Operating Leases Income Statement Lease Revenue

——

PEA

PEAKRental Revenue Tenant Recoveries — Operating Leases Income Statement Lease Revenue

——

Other financials

Income statement

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Revenue$142.8M+47.8%

Gross profit$49.7M—

Net income$80.2M+21.9%

EPS (diluted)$0.36+2.9%

Balance sheet

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Cash & equivalents$223.2M-64.7%

Total debt$894.6M+8.8%

Total equity$4.1B+41.1%

Total assets$5.2B+34.8%

Cash flow

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Operating cash flow$90.4M+26.6%

CapEx$440.3K—

Free cash flow$98.1M+60.6%

Valuation

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Market cap$8.76B+52.5%

Enterprise value$9.43B+59.4%

P/E26.1×-9.3×

P/S16.8×-0.6×

Profitability

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Gross margin100%—

Net margin64.1%+14.9pp

FCF margin82.3%-0.1pp

Returns & leverage

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Return on equity9.5%+2.4pp

Debt / equity0.2×-0.1×

Where this comes from

Reported directly by CareTrust in its filing.

Tagged under the XBRL concept us-gaap:TenantReimbursements.

The official record: CareTrust’s 10-Q, filed August 1, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does reportable legal entities — tenant reimbursements mean?: Revenue recovered from tenants for property-related operating expenses.
How do you interpret reportable legal entities — tenant reimbursements?: An increase suggests higher pass-through costs or improved recovery mechanisms, while a decrease may indicate lower recoverable expenses or potential lease structure changes.
How does reportable legal entities — tenant reimbursements compare across companies?: Standard in triple-net lease REITs; peers report this as 'Recoveries' or 'Reimbursable Revenue'.