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CareTrust CTRE Tenant operating expense reimbursement

Tenant operating expense reimbursement at other companies

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$804K-21.6%
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$80.92M+1.0%

Other financials

Income statement

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Revenue$161.3M+43.5%
Gross profit$49.7M
Net income$89.0M+29.8%
EPS (diluted)$0.38+8.6%

Balance sheet

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Cash & equivalents$49.3M-83.9%
Total debt$1.2B-1.2%
Total equity$4.5B+36.1%
Total assets$5.9B+27.3%

Cash flow

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Operating cash flow$134.7M+33.7%
CapEx$440.3K
Free cash flow$98.1M+60.6%

Valuation

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Market cap$9.74B+48.3%
Enterprise value$10.9B+45.7%
P/E27.4×-2.4×
P/S17×-0.5×

Profitability

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Gross margin100%
Net margin62.2%+3.3pp
FCF margin82.3%-0.1pp

Returns & leverage

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Return on equity9.1%+0.7pp
Debt / equity0.3×-0.1×

Where this comes from

Reported directly by CareTrust in its filing.

Tagged under the XBRL concept ctre:OperatingLeasesTenantOperatingExpenseReimbursement.

The source filing: CareTrust’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:07 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0001628280-26-054284

(1) Includes initial cash rent and tenant operating expense reimbursements, as adjusted for applicable rental escalators and rent increases due to capital expenditures funded by the Company. For tenants on a cash basis, this represents the lesser of the amount that would be recognized on a straight-line basis or cash that has been received. Tenant operating expense reimbursements for the three months ended June 30, 2026 and 2025 were $2.2 million and $2.0 million, respectively. Tenant operating expense reimbursements for the six months ended June 30, 2026 and 2025 were $4.6 million and $4.2 million, respectively.

Item 1. Financial Statements.

FAQ

What is CareTrust's tenant operating expense reimbursement?
CareTrust (CTRE) reported tenant operating expense reimbursement of $2.2M in Q2 2026.
How has CareTrust's tenant operating expense reimbursement changed year-over-year?
CareTrust's tenant operating expense reimbursement increased by 10.0% year-over-year, from $2M to $2.2M.
What is the long-term trend for CareTrust's tenant operating expense reimbursement?
Over 2 years (2023 to 2025), CareTrust's tenant operating expense reimbursement has grown at a 27.2% compound annual growth rate (CAGR), from $5.5M to $8.9M.
What does tenant operating expense reimbursement mean?
Tenant operating expense reimbursement as reported by CareTrust REIT, Inc.

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