CareTrust REIT, Inc. 10-K

ITEM 2. Properties The following table sets forth certain information regarding the properties that comprise our consolidated net real estate investments, exclusive of real estate loan investments, as of December 31, 2025 (dollars in thousands): Triple-net SHOP Location Number of Properties Total Investment Annualized Revenues (1) Number of Properties Total Investment Annualized Revenues (1) CA 54 $ 804,264 $ 86,464 — $ — $ — UK 133 865,472 69,061 — — — TX 42 397,479 44,767 3 40,298 14,700 TN 27 442,040 44,224 — — — LA 8 186,116 19,343 — — — ID 19 159,333 17,831 — — — WA 17 154,096 14,973 — — — VA 4 159,453 14,368 — — — AZ 11 60,179 14,052 — — — MS 8 166,064 13,000 — — — NC 7 117,025 10,315 — — — MD 5 95,699 8,732 — — — UT 13 85,071 8,225 — — — IL 11 77,642 6,898 — — — PA 4 57,021 4,632 — — — CO 7 60,483 4,321 — — — OH 6 76,574 4,176 — — — MO 2 31,844 2,821 — — — OR 2 28,597 2,800 — — — MT 3 22,619 2,568 — — — NV 3 13,165 2,359 — — — NM 1 12,813 2,122 — — — SD 1 9,744 2,004 — — — GA 1 15,297 1,498 — — — SC 1 11,683 1,122 — — — AL 1 11,260 1,100 — — — NE 5 14,531 1,078 — — — IA 5 15,812 1,045 — — — WI 2 11,953 949 — — — ND 1 8,184 841 — — — WV 1 7,243 812 — — — KS 1 6,987 622 — — — MI 1 11,071 — — — — Total: 407 $ 4,196,814 $ 409,123 3 $ 40,298 $ 14,700 (1) Represents revenue for the month ended December 31, 2025 annualized. 47 Table of Contents The following table displays the expiration of the annualized contractual cash rental income under our triple-net lease agreements as of December 31, 2025, (dollars in thousands) and, in each case, without giving effect to any renewal or purchase options: Lease Maturity Percent of Year Rent (1) Total Rent 2031 $ 46,236 11.2 % 2032 35,057 8.6 % 2033 18,182 4.4 % 2034 40,378 9.9 % 2035 20,276 5.0 % 2036 15,185 3.7 % 2037 15,720 3.8 % 2038 33,834 8.3 % 2039 56,073 13.6 % 2040 70,628 17.3 % 2041 644 0.2 % 2043 5,328 1.3 % 2044 15,454 3.8 % 2045 10,123 2.5 % 2046 739 0.2 % 2047 6,429 1.6 % 2049 276 0.1 % 2050 2,871 0.7 % 2051 1,020 0.2 % 2053 4,045 1.0 % 2055 410 0.1 % 2056 258 0.1 % 2057 4,276 1.0 % 2058 5,681 1.4 % Total $ 409,123 100.0 % (1) Includes properties held in consolidated joint ventures. See Note 4, Real Estate Investments, Net , and Note 15, Variable Interest Entities , for additional information. See the “Tenant Purchase Options” section of Note 4, Real Estate Investments, Net, in the Notes to consolidated financial statements for additional information on leases subject to purchase options. The information set forth under “Classification of Properties in our Portfolio” in Item 1 of this Annual Report on Form 10-K is incorporated by reference herein.