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CareTrust CTRE Tenant operating expense reimbursement

Tenant operating expense reimbursement at other companies

W.P. Carey Inc. logo
W.P. Carey Inc.WPC
$19.69M+15.2%
W.P. Carey Inc. logo
W.P. Carey Inc.WPC
$0-100%
Kimco Realty logo
Kimco RealtyKIM
$4.15M-0.9%
Marriott International logo
Marriott InternationalMAR
$4.94B+4.5%
W.P. Carey Inc. logo
W.P. Carey Inc.WPC
$8.69M-47.4%
Extra Space Storage logo
Extra Space StorageEXR
$71.25M+5.4%

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 ctre:OperatingLeasesTenantOperatingExpenseReimbursement.

The official record: CareTrust’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CareTrust's tenant operating expense reimbursement?
CareTrust (CTRE) reported tenant operating expense reimbursement of $2.4M in Q1 2026.
How has CareTrust's tenant operating expense reimbursement changed year-over-year?
CareTrust's tenant operating expense reimbursement increased by 4.3% year-over-year, from $2.3M to $2.4M.
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?
Revenue collected from tenants to reimburse the company for property-related operating expenses such as taxes, insurance, and maintenance. This is typical in triple-net lease structures where the tenant bears the burden of property costs.