REIT boardRanked among REITs, not on the main board. A REIT's earnings are dominated by depreciation on assets that typically appreciate, so net margin and return on assets understate it against an operating company.
AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Total revenue reached $161.3M for the quarter versus $112.5M a year earlier, as rental income hit $118.2M and two new financing receivables lifted financing interest income to $11.7M.
Biggest Revenue Drivers
Rental income$118.2M+4% QoQ
$3.4M increase from real estate investments made after December 31, 2025 and $0.8M increase in rental rates for existing tenants
Interest income from other real estate related investments and other income$26.8M+22% QoQ
$4.6M of interest income on new investments made after December 31, 2025
Biggest Revenue Drivers
Total revenue: $161.3M
Rental income$118.2M+4% QoQ
$3.4M increase from real estate investments made after December 31, 2025 and $0.8M increase in rental rates for existing tenants
Interest income from other real estate related investments and other income$26.8M+22% QoQ
$4.6M of interest income on new investments made after December 31, 2025
Interest income from financing receivables$11.7M+$8.9M QoQ
Primarily the origination of two financing receivables during the three months ended June 30, 2026
Resident fees and services$4.6M+21% QoQ
Acquisition of one senior housing community under the SHOP platform in May 2026
Largest Expense Items
Depreciation and amortization$30.4M+3% QoQ
$1.2M increase from acquisitions and capital improvements made after December 31, 2025
General and administrative$15.8M+10% QoQ
Incentive compensation rose $2.0M to $6.1M, partly offset by lower cash and share-based compensation
Interest expense$15.3M+36% QoQ
$4.0M increase from a higher outstanding borrowing amount on the Revolving Facility
Provision for loan losses$4.7M
Credit loss reserve on two new financing receivables originated in the period; none recorded in Q1 2026
Margins: No gross or operating margin discussion is given. Total expenses of $72.4M against $161.3M of revenue produced $88.2M net income; the company collected approximately 100% of contractual rents and interest.
Watch Items from the Filing
Ensign provided 15% of total revenue in the quarter, down from 19% a year ago; PACS, at 10% in Q2 2025, is no longer a 10%-plus operator.
Geographic concentration: California 23% of quarterly revenue, U.K. 16%, Texas 10%, versus CA 21%, TX 11%, TN 11%, U.K. 10% a year ago.
First provision for loan losses in the period: $4.7M, lifting the reserve for loan losses to $11.7M from $7.0M at December 31, 2025.
$810.0M of variable rate debt outstanding, including $310.0M drawn on the revolver, with an additional $285.0M net borrowed after quarter end to fund acquisitions.
Pending dilution: 14.4 million forward shares unsettled at $40.225, about $578.2M of gross proceeds, plus $45.2M of earn-out obligations within $77.6M total commitments.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Officers, directors and 10% owners with a Form 4 filed in the last 24 months, most recent first. From SEC EDGAR.
Sedgwick David M.President and CEOShares withheld for tax or exercise price · Jan 31, 2026
Callister JamesCIO and SecretaryShares withheld for tax or exercise price · Jan 31, 2026
Beale LaurenChief Accounting OfficerShares withheld for tax or exercise price · Jan 31, 2026
Bunker Derek JCFO and TreasurerGrant or award · Jan 2, 2026
Laing DianaDirectorGrant or award · Jan 2, 2026
Olson AnneDirectorGrant or award · Jan 2, 2026
Plumb Spencer GDirectorGrant or award · Jan 2, 2026
Williams Careina D.DirectorGrant or award · Jan 2, 2026
Stapley Gregory K.DirectorGrant or award · Jan 2, 2026
Congress trading in CTRE
1 transaction in CTRE reported by 1 member of Congress under the STOCK Act, most recent trade Jul 12, 2023. Reported transactions, not recommendations.
About CareTrust REIT, Inc. (CTRE): stock profile, AI score and financials
CareTrust REIT, Inc. (CTRE) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro's AI-powered ranking engine scores CTRE at 76.5/100 on a composite quality score built from its SEC filings, placing it at rank #3 of 148 stocks — the top 5% of the AI-ranked universe. Based on the latest XBRL financial filings (Q2 2026), CareTrust REIT, Inc. reports quarterly revenue of $161.3M, net income of $89.0M, an operating margin of 56.3%. Top institutional holders of CTRE by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, COHEN & STEERS, based on the most recent SEC filings. CTRE trades on the NYSE exchange and files with the SEC under CIK 1590717. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CTRE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CareTrust REIT, Inc. directly from SEC EDGAR.