{"id":6215,"date":"2022-05-31T21:39:58","date_gmt":"2022-06-01T02:39:58","guid":{"rendered":"https:\/\/1reason.com\/re\/caretrust-reit-announces-first-quarter-2022-operating-results\/6215\/"},"modified":"2022-06-01T16:39:58","modified_gmt":"2022-06-01T21:39:58","slug":"caretrust-reit-announces-first-quarter-2022-operating-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/caretrust-reit-announces-first-quarter-2022-operating-results\/6215\/","title":{"rendered":"CareTrust REIT Announces First Quarter 2022 Operating Results"},"content":{"rendered":"<div>  <\/p>\n<p align=\"justify\">For the quarter, CareTrust REIT reported:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:0.15pt\">95% of contractual rents collected;<\/li>\n<li style=\"margin-bottom:0.15pt\">Net loss of $43.3 million and net loss per share of $0.45;<\/li>\n<li style=\"margin-bottom:0.15pt\">Normalized FFO of $35.9 million, a 5.2% increase over the prior year, and normalized FFO per share of $0.37;<\/li>\n<li style=\"margin-bottom:0.15pt\">Normalized FAD of $37.9 million, a 4.8% increase over the prior year, and normalized FAD per share of $0.39; and<\/li>\n<li style=\"margin-bottom:0.15pt\">A quarterly dividend of $0.275 per share, representing a payout ratio of approximately 71% on normalized FAD.<\/li>\n<\/ul>\n<p><strong><em>Key Operating Metrics<\/em><\/strong><\/p>\n<p align=\"justify\">CareTrust\u2019s President and Chief Executive Officer, Dave Sedgwick, commented on the Company\u2019s collections amid continuing post-COVID disruptions across the industry in the quarter. \u201cWe\u2019re pleased to report collection of 95% of contractual rents in the quarter, and that April rent came in at 93% without any security deposit application, as most of our operators are making the necessary moves to manage through the current headwinds,\u201d he said. Mr. Sedgwick noted that the effects of a historically tight labor market, tapering of stimulus funds, and a lingering pandemic continue to present an operating environment where both the strengths and weaknesses of operators are magnified. \u201cWe are as committed as ever to support and to grow with the best-in-class operators in skilled nursing, seniors housing, and now behavioral health \u2013 many of whom are our operating partners already,\u201d he added.<\/p>\n<p align=\"justify\">Looking at the occupancy in the quarter, Mr. Sedgwick reported that CareTrust\u2019s skilled nursing portfolio occupancy held stable in the quarter over Q4 2021. As for seniors housing occupancy, he added, \u201cAfter being flat for most of 2021 we are pleased to report a 100 bps increase in seniors housing in the quarter over Q4 2021.\u201d<\/p>\n<p><strong><em>Portfolio Optimization<\/em><\/strong><\/p>\n<p align=\"justify\">Mr. Sedgwick also reported on the Company\u2019s previously announced plan to optimize its portfolio in 2022. \u201cThe current environment continues to provide an excellent opportunity to strengthen our portfolio through a combination of disciplined growth, key dispositions and re-tenanting and repositioning of assets,\u201d he said. In February, the Company announced a comprehensive review and repositioning plan for 2022, affecting 32 of CareTrust\u2019s 228 assets, and representing approximately 10% of contractual cash rents as of December 31, 2021. \u201c27 of the 32 assets are now actively on the market,\u201d he said.<\/p>\n<p align=\"justify\">Mr. Sedgwick also reported significant progress on CareTrust&#8217;s previously announced intention to enter the behavioral health asset class. \u201cWe are pleased to announce that, since our last call, we havereached agreement with Landmark Recovery to convert three of our underperforming seniors housing facilities into residential addiction recovery centers,\u201d he said, noting that the three properties are coming from the 32 assets included in CareTrust\u2019s repositioning plan. \u201cThe behavioral space presents the company with a new and high-demand asset class where we can reposition certain existing assets in a way that fits our mission of matching great operators with great opportunities,\u201d he said.<\/p>\n<p><strong><em>Investing in Growth<\/em><\/strong><\/p>\n<p align=\"justify\">In addition to optimizing the portfolio in 2022, Mr. Sedgwick stated that the Company is also making key personnel changes aimed at capturing additional growth opportunities and further optimizing outcomes. \u201cWe are pleased to announce that industry veteran Scott Grossman has joined CareTrust as the Company\u2019s Vice President of Asset Management,\u201d said Mr. Sedgwick. He commented that Mr. Grossman\u2019s experience in skilled nursing and seniors housing asset management brings a new level of large REIT expertise and leadership to that function at CareTrust. In addition, Mr. Sedgwick explained, \u201cScott heading up Asset Management allows us to strategically redeploy some key internal talent from portfolio management work to focusing on building the Company\u2019s operator and investment pipelines, with an emphasis on sourcing off-market deals.\u201d<\/p>\n<p align=\"justify\"><strong><em>Investments in the Quarter<\/em><\/strong><\/p>\n<p align=\"justify\">During the quarter, CareTrust acquired a 155-bed skilled nursing facility in Ennis, Texas for a purchase price of $8.9 million, inclusive of transaction costs. The facility was added to the existing master lease with affiliates of Eduro Healthcare, who took over operations on February 1, 2022. Annual cash rent under the Eduro master lease increased by approximately $815,000 with CPI-based annual rent escalators. The initial term of Eduro&#8217;s master lease with CareTrust was also extended by four years in connection with the transaction. The acquisition was funded using cash on hand.<\/p>\n<p align=\"justify\">In March 2022, CareTrust acquired a skilled nursing campus in Decatur, Illinois with 95 licensed skilled nursing beds, 46 assisted living units and five independent living units for a purchase price of $13.1 million, inclusive of transaction costs and capital expenditure commitments. The facility was added to the existing master lease with affiliates of WLC Management Firm, LLC, who took over operations on March 1, 2022. Annual cash rent under the WLC master lease increased by approximately $1.24 million with CPI-based annual rent escalators. The acquisition was funded using CareTrust&#8217;s $600 million unsecured revolving credit facility.<\/p>\n<p align=\"justify\">Commenting on the investment pipeline, Mark Lamb, CareTrust\u2019s Chief Investment Officer, said, \u201cWe\u2019re encouraged by the pickup in deal flow crossing our desk.\u201d Mr. Lamb added, \u201cWe are excited by the new operators and opportunities that we are currently seeing from our bread and butter skilled nursing and seniors housing acquisitions, potential debt investments from the planned debt partnership we announced last quarter and from the expansion of our investment box to include behavioral health.\u201d<\/p>\n<p align=\"justify\"><strong><em>Guidance Discussion<\/em><\/strong><\/p>\n<p align=\"justify\">Chief Financial Officer Bill Wagner commented on issuing guidance at this stage in CareTrust&#8217;s asset management plan. \u201cWhile progress has been made on the disposition strategy laid out last quarter, we need more visibility into the execution of dispositions and possible re-tenanting work over the coming months before issuing guidance for this year.\u201d<\/p>\n<p align=\"justify\"><strong><em>Financial Results for Quarter Ended March 31, 2022 <\/em><\/strong><\/p>\n<p align=\"justify\">Mr. Wagner reported that, for the first quarter, CareTrust reported a net loss of $43.3 million, or $(0.45) per diluted weighted-average common share, normalized FFO of $35.9 million, or $0.37 per diluted weighted-average common share, and normalized FAD of $37.9 million, or $0.39 per diluted weighted-average common share.<\/p>\n<p align=\"justify\">Mr. Wagner reported that the quarter\u2019s GAAP financial results were impacted by the Company\u2019s asset disposition plan and the applicable facilities meeting the criteria to be classified as held for sale. \u201cThese changes resulted in total impairments of $59.7 million,\u201d he stated. Mr. Wagner further stated, \u201cWe view these adjustments as a necessary part of our overall asset management plan to sell or reposition certain facilities to strengthen our growth platform moving forward.\u201d<\/p>\n<p align=\"justify\"><strong><em>Liquidity<\/em><\/strong><\/p>\n<p align=\"justify\">As of quarter end, CareTrust reported net debt-to-annualized normalized run rate EBITDA of 3.9x, which is under the Company&#8217;s target leverage range of 4.0x to 5.0x, and a net debt-to-enterprise value of approximately 26.6%. Mr. Wagner stated that as of today, the Company had approximately $105 million outstanding on its $600 million revolving credit line, with no scheduled debt maturities prior to 2024. He also disclosed that CareTrust currently has $22 million in cash on hand. He further noted that the Company currently has approximately $476.5 million in available authorization remaining on its at-the-market equity program. &#8220;With substantial availability on our revolver, and equity markets readily accessible to us at present, we continue to have a wide range of capital options for funding our opportunistic growth strategy,&#8221; said Mr. Wagner.<\/p>\n<p align=\"justify\"><strong><em>Dividend Increased<\/em><\/strong><\/p>\n<p align=\"justify\">During the quarter, CareTrust increased its quarterly dividend from $0.265 to $0.275 per common share. On an annualized basis, the payout ratio was approximately 74% based on first quarter 2022 normalized FFO, and 71% based on normalized FAD.<\/p>\n<p><strong><em>Conference Call<\/em><\/strong><\/p>\n<p align=\"justify\">A conference call will be held on Friday, May6, 2022, at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time), during which CareTrust\u2019s management will discuss first quarter 2022 results, recent developments and other matters. The dial-in number for this call is (844) 220-4972 (U.S.) or (317) 973-4053 (International). The conference ID number is 3068616. To listen to the call online, or to view any financial or other statistical information required by SEC Regulation G, please visit the Investors section of the CareTrust REIT website at <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=q_xvreIwEHcWc_lTPl_Jwk9B5aQ5ERZZIIvq3tXXqlqbrNepul6vAIQzplR82m1-0pfB8pTdVB2iQk9wsfgELz6gd2M8vuMrOXZlJgrLxUtqSp1ShGz9Ix_lm23ZsOPt\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\">http:\/\/investor.caretrustreit.com<\/a><\/u>. The call will be recorded, and will be available for replay via the website for 30 days following the call.<\/p>\n<p><strong><em>About CareTrust<\/em><\/strong><sup><strong><em>TM<\/em><\/strong><\/sup><\/p>\n<p align=\"justify\">CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States. More information about CareTrust REIT is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8re-sGWEqDJxdOrR3m9Th-LT-DdMxRwnQB-m8OWZdOtTP4zFiij4yHzZEYi1UMlZQli9gpLW8PFKnEHSTKKLi0epPWIHmVyh1TMNkKz4kBg=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.caretrustreit.com\">www.caretrustreit.com<\/a>.<\/p>\n<p align=\"justify\"><strong><em>Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:<\/em><\/strong><\/p>\n<p align=\"justify\"><em>This press release contains, and the related conference call will include, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical statements of fact and statements regarding the Company\u2019s intent, belief or expectations, including, but not limited to, statements regarding the following: future financial and financing plans; strategies related to the Company&#8217;s business and its portfolio, including plans to sell, re-tenant or repurpose selected Company assets, the Company&#8217;s possible expansion into behavioral health properties and acquisition plans; growth prospects; operating and financial performance; expectations regarding the making of distributions and payment of dividends; and the performance of the Company\u2019s tenants and operators and their respective facilities.<\/em><\/p>\n<p align=\"justify\"><em>Words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccould,\u201d \u201cexpect,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements, though not all forward-looking statements contain these identifying words. The Company\u2019s forward-looking statements are based on management\u2019s current expectations and beliefs, and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although the Company believes that the assumptions underlying these forward-looking statements are reasonable, they are not guarantees and the Company can give no assurance that its expectations will be attained. Factors which could have a material adverse effect on the Company\u2019s operations and future prospects or which could cause actual results to differ materially from expectations include, but are not limited to: (i) the COVID-19 pandemic, including the risk of additional surges of COVID-19 infections due to the rate of public acceptance and efficacy of COVID-19 vaccines or to new and more contagious and\/or vaccine resistant variants, and the measures taken to prevent the spread of COVID-19 and the related impact on our business or the businesses of our tenants; (ii) the ability and willingness of our tenants to meet and\/or perform their obligations under the triple-net leases we have entered into with them, including, without limitation, their respective obligations to indemnify, defend and hold us harmless from and against various claims, litigation and liabilities; (iii) the risk that we may have to incur additional impairment charges related to our assets held for sale if we are unable to sell such assets at the prices we expect; (iv) the ability of our tenants to comply with applicable laws, rules and regulations in the operation of the properties we lease to them; (v) the ability and willingness of our tenants to renew their leases with us upon their expiration, and the ability to reposition our properties on the same or better terms in the event of nonrenewal or in the event we replace an existing tenant, as well as any obligations, including indemnification obligations, we may incur in connection with the replacement of an existing tenant; (vi) the availability of and the ability to identify (a) tenants who meet our credit and operating standards, and (b) suitable acquisition opportunities, and the ability to acquire and lease the respective properties to such tenants on favorable terms; (vii) the ability to generate sufficient cash flows to service our outstanding indebtedness; (viii) access to debt and equity capital markets; (ix) fluctuating interest rates; (x) the ability to retain our key management personnel; (xi) the ability to maintain our status as a real estate investment trust (\u201cREIT\u201d); (xii) changes in the U.S. tax law and other state, federal or local laws, whether or not specific to REITs; (xiii) other risks inherent in the real estate business, including potential liability relating to environmental matters and illiquidity of real estate investments; and (xiv) additional factors included in our Annual Report on Form 10-K for the year ended December 31, 2021, including in the section entitled \u201cRisk Factors\u201d in Item 1A of Part I of such report, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the SEC.<\/em><\/p>\n<p align=\"justify\"><em>This press release and the related conference call provides information about the Company&#8217;s financial results as of and for the quarter ended March 31, 2022 and is provided as of the date hereof, unless specifically stated otherwise. The Company expressly disclaims any obligation to update or revise any information in this press release or the related conference call (and replays thereof), including forward-looking statements, whether to reflect any change in the Company\u2019s expectations, any change in events, conditions or circumstances, or otherwise.<\/em><\/p>\n<p align=\"justify\"><em>As used in this press release or the related conference call, unless the context requires otherwise, references to \u201cCTRE,\u201d &#8220;CareTrust,&#8221; \u201cCareTrust REIT\u201d or the \u201cCompany\u201d refer to CareTrust REIT, Inc. and its consolidated subsidiaries. GAAP refers to generally accepted accounting principles in the United States of America.<\/em><\/p>\n<p><strong>Contact:<\/strong><br \/>CareTrust REIT, Inc.<br \/>(949) 542-3130<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bqOjMPxoxnApawDeGJwc8Qi3UQ5sL34bT4TwFuB5yFZaV9kGccDUecUsKow7Kmf6soP03P22npg7VGdCBZ9MMwBQuoPBYCIVylbejREpRHs=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"ir@caretrustreit.com\">ir@caretrustreit.com<\/a><\/p>\n<p><\/p>\n<table align=\"center\" class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"9\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"9\"><strong>CARETRUST REIT, INC.<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"9\"><strong>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"9\"><strong>(in thousands, except per share data)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"9\"><strong>(Unaudited)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"7\"><strong>For the Three Months Ended March 31,<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:68%;width:68%;min-width:68%\" \/>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center hugin gnw_vertical_align_bottom\" style=\"max-width:13%;width:13%;min-width:13%\"><strong>2022<\/strong><\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none gnw_align_center hugin gnw_vertical_align_bottom\" style=\"max-width:13%;width:13%;min-width:13%\"><strong>2021<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Revenues:<\/strong><\/td>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Rental income<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">46,007<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">45,246<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Interest and other income<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">469<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">505<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Total revenues<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">46,476<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">45,751<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Expenses:<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Depreciation and amortization<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,575<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,473<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Interest expense<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,742<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,762<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Property taxes<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,420<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">696<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Impairment of real estate investments<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">59,683<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Provision for loan losses, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">3,844<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Property operating expenses<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">447<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">General and administrative<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,215<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,142<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Total expenses<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">89,926<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">25,073<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Other income (loss):<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Gain (loss) on sale of real estate<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">186<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(192<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Net (loss) income<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(43,264<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">20,486<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>(Loss) earnings per common share:<\/strong><\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Basic<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(0.45<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.21<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Diluted<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(0.45<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.21<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Weighted-average number of common shares:<\/strong><\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Basic<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">96,410<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">95,378<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Diluted<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">96,410<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">95,385<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Dividends declared per common share<\/strong><\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.275<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.265<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table align=\"center\" class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"10\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"10\"><strong>CARETRUST REIT, INC.<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"10\"><strong>RECONCILIATIONS OF NET (LOSS) INCOME TO NON-GAAP FINANCIAL MEASURES<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"10\"><strong>(in thousands)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"10\"><strong> (Unaudited) <\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"7\"><strong>Three Months Ended March 31,<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:67%;width:67%;min-width:67%\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_center hugin gnw_vertical_align_bottom\" style=\"max-width:13%;width:13%;min-width:13%\"><strong>2022<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_center hugin gnw_vertical_align_bottom\" style=\"max-width:13%;width:13%;min-width:13%\"><strong>2021<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Net (loss) income<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(43,264<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">20,486<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Depreciation and amortization<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,575<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,473<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Interest expense<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,742<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,762<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Amortization of stock-based compensation<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,521<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,585<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>EBITDA<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(22,426<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">41,306<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Impairment of real estate investments<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">59,683<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Provision for loan losses, net<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">3,844<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Provision for doubtful accounts and lease restructuring<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">977<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Lease termination revenue<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(63<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Property operating expenses<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,231<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">(Gain) loss on sale of real estate<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(186<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">192<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Normalized EBITDA<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">43,123<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">41,435<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Net (loss) income<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(43,264<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">20,486<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Real estate related depreciation and amortization<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,571<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,466<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Impairment of real estate investments<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">59,683<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">(Gain) loss on sale of real estate<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(186<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">192<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Funds from Operations (FFO)<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">29,804<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">34,144<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Provision for loan losses, net<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">3,844<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Provision for doubtful accounts and lease restructuring<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">977<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Lease termination revenue<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(63<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Property operating expenses<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,231<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Normalized FFO<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">35,856<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">34,081<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table align=\"center\" class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"10\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"10\"><strong>CARETRUST REIT, INC.<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"10\"><strong>RECONCILIATIONS OF NET (LOSS) INCOME TO NON-GAAP FINANCIAL MEASURES (continued)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"10\"><strong> (in thousands, except per share data) <\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"10\"><strong> (Unaudited) <\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"7\"><strong>Three Months Ended March 31,<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:67%;width:67%;min-width:67%\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_center hugin gnw_vertical_align_bottom\" style=\"max-width:13%;width:13%;min-width:13%\"><strong>2022<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_center hugin gnw_vertical_align_bottom\" style=\"max-width:13%;width:13%;min-width:13%\"><strong>2021<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Net (loss) income<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(43,264<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">20,486<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Real estate related depreciation and amortization<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,571<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,466<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Amortization of deferred financing fees<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">520<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">487<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Amortization of stock-based compensation<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,521<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,585<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Straight-line rental income<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(6<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(12<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Impairment of real estate investments<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">59,683<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">(Gain) loss on sale of real estate<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(186<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">192<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Funds Available for Distribution (FAD)<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">31,839<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">36,204<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Provision for loan losses, net<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">3,844<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Provision for doubtful accounts and lease restructuring<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">977<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Lease termination revenue<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(63<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\">Property operating expenses<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,231<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Normalized FAD<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">37,891<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">36,141<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>FFO per share<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.31<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.36<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Normalized FFO per share<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.37<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.36<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>FAD per share<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.33<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.38<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Normalized FAD per share<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.39<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.38<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Diluted weighted average shares outstanding [1]<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">96,701<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">95,621<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"9\">[1] For the periods presented, the diluted weighted average shares have been calculated using the treasury stock method.<\/td>\n<\/tr>\n<\/table>\n<p><\/p>\n<table align=\"center\" class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\"><strong>CARETRUST REIT, INC.<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\"><strong>CONSOLIDATED STATEMENTS OF OPERATIONS &#8211; 5 QUARTER TREND<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\"><strong>(in thousands, except per share data)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\"><strong> (Unaudited) <\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>March 31,<br \/>2021<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>June 30,<br \/>2021<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>September 30,<br \/>2021<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>December 31,<br \/>2021<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>March 31,<br \/>2022<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Revenues:<\/strong><\/td>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\" style=\"max-width:37%;width:37%;min-width:37%\">Rental income<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">45,246<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">47,744<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:12%;width:12%;min-width:12%\">48,087<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:11%;width:11%;min-width:11%\">49,118<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">46,007<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Interest and other income<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">505<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">514<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">518<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">619<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">469<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\">Total revenues<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">45,751<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">48,258<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">48,605<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">49,737<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">46,476<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Expenses:<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Depreciation and amortization<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,473<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,843<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,968<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">14,056<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,575<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Interest expense<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,762<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">6,534<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,692<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,689<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,742<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Property taxes<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">696<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">766<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,004<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,108<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,420<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Impairment of real estate investments<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">59,683<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Provision for loan losses, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">3,844<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Property operating expenses<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">447<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">General and administrative<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,142<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,798<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,196<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">10,738<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,215<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\">Total expenses<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">25,073<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">26,941<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">25,860<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">31,591<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">89,926<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\"><strong>Other (loss) income:<\/strong><\/td>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Loss on extinguishment of debt<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(10,827<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">(Loss) gain on sale of real estate<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(192<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">115<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">186<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\">Total other (loss) income<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(192<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(10,827<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">115<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">186<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Net income (loss)<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">20,486<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">21,317<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">11,918<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">18,261<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(43,264<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Diluted earnings (loss) per share<\/strong><\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.21<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.22<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.12<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.19<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(0.45<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Diluted weighted average shares outstanding<\/strong><\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">95,385<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">96,120<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">96,297<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">96,552<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">96,410<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table align=\"center\" class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\"><strong>CARETRUST REIT, INC.<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\"><strong>RECONCILIATIONS OF NET INCOME (LOSS) TO NON-GAAP FINANCIAL MEASURES &#8211; 5 QUARTER TREND<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\"><strong>(in thousands)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\"><strong> (Unaudited) <\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>March 31,<br \/>2021<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>June 30,<br \/>2021<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>September 30,<br \/>2021<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>December 31,<br \/>2021<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>March 31,<br \/>2022<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:37%;width:37%;min-width:37%\"><strong>Net income (loss)<\/strong><\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">20,486<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">21,317<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:12%;width:12%;min-width:12%\">11,918<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:11%;width:11%;min-width:11%\">18,261<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">(43,264<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Depreciation and amortization<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,473<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,843<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,968<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">14,056<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,575<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Interest expense<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,762<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">6,534<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,692<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,689<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,742<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Amortization of stock-based compensation<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,585<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,810<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,802<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,635<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,521<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>EBITDA<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">41,306<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">43,504<\/td>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">33,380<\/td>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">43,641<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(22,426<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Impairment of real estate investments<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">59,683<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Provision for loan losses, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">3,844<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Provision for doubtful accounts and lease restructuring<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">977<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Lease termination revenue<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(63<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Property operating expenses<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">8<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,231<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Loss (gain) on sale of real estate<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">192<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(115<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(186<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Non-routine transaction costs<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,418<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Loss on extinguishment of debt<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">10,827<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Normalized EBITDA<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">41,435<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">43,504<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">44,207<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">44,952<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">43,123<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Net income (loss)<\/strong><\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">20,486<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">21,317<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">11,918<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">18,261<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(43,264<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Real estate related depreciation and amortization<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,466<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,837<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,964<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">14,051<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,571<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Impairment of real estate investments<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">59,683<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Loss (gain) on sale of real estate<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">192<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(115<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(186<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Funds from Operations (FFO)<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">34,144<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">35,154<\/td>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">25,882<\/td>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">32,197<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">29,804<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Effect of the senior unsecured notes payable redemption<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">642<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Provision for loan losses, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">3,844<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Provision for doubtful accounts and lease restructuring<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">977<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Lease termination revenue<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(63<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Property operating expenses<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">8<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,231<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Accelerated amortization of stock-based compensation<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">3,696<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Non-routine transaction costs<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,418<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Loss on extinguishment of debt<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">10,827<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Normalized FFO<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">34,081<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">35,796<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">36,709<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">37,319<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">35,856<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table align=\"center\" class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\"><strong>CARETRUST REIT, INC.<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\"><strong>RECONCILIATIONS OF NET INCOME (LOSS) TO NON-GAAP FINANCIAL MEASURES &#8211; 5 QUARTER TREND (continued)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\"><strong> (in thousands, except per share data)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"16\"><strong> (Unaudited) <\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Quarter<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>March 31,<br \/>2021<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>June 30,<br \/>2021<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>September 30,<br \/>2021<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>December 31,<br \/>2021<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>March 31,<br \/>2022<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:37%;width:37%;min-width:37%\"><strong>Net income (loss)<\/strong><\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">20,486<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">21,317<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:12%;width:12%;min-width:12%\">11,918<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:11%;width:11%;min-width:11%\">18,261<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:10%;width:10%;min-width:10%\">(43,264<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Real estate related depreciation and amortization<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,466<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,837<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,964<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">14,051<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,571<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Amortization of deferred financing fees<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">487<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">495<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">519<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">521<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">520<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Amortization of stock-based compensation<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,585<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,810<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,802<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,635<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,521<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Straight-line rental income<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(12<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(8<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(6<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(6<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(6<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Impairment of real estate investments<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">59,683<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Loss (gain) on sale of real estate<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">192<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(115<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(186<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Funds Available for Distribution (FAD)<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">36,204<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">37,451<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">28,197<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">38,347<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">31,839<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Effect of the senior unsecured notes payable redemption<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">642<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Provision for loan losses, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">3,844<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Provision for doubtful accounts and lease restructuring<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">977<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Lease termination revenue<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(63<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Property operating expenses<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">8<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,231<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Non-routine transaction costs<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,418<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">Loss on extinguishment of debt<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">10,827<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Normalized FAD<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">36,141<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">38,093<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">39,024<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">39,773<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">37,891<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>FFO per share<\/strong><\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.36<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.36<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.27<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.33<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.31<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Normalized FFO per share<\/strong><\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.36<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.37<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.38<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.39<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.37<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>FAD per share<\/strong><\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.38<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.39<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.29<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.40<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.33<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Normalized FAD per share<\/strong><\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.38<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.40<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.40<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.41<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">0.39<\/td>\n<td class=\"gnw_border_top_double gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Diluted weighted average shares outstanding [1]<\/strong><\/td>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">95,621<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">96,366<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">96,592<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">96,646<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">96,701<\/td>\n<td class=\"gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_double hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\" colspan=\"16\">[1] For the periods presented, the diluted weighted average shares have been calculated using the treasury stock method.<\/td>\n<\/tr>\n<\/table>\n<p><\/p>\n<table align=\"center\" class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"11\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"11\"><strong>CARETRUST REIT, INC.<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"11\"><strong>CONSOLIDATED BALANCE SHEETS<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"11\"><strong>(in thousands)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"11\"><strong>(Unaudited)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>March 31, 2022<\/strong><\/td>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>December 31, 2021<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Assets:<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Real estate investments, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,402,889<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,589,971<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Other real estate investments<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">15,155<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">15,155<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Assets held for sale, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">141,716<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">4,835<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Cash and cash equivalents<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">26,586<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">19,895<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Accounts and other receivables<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,110<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">2,418<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Prepaid expenses and other assets, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">5,668<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">7,512<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Deferred financing costs, net<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">817<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,062<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:62%;width:62%;min-width:62%\"><strong>Total assets<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:15%;width:15%;min-width:15%\">1,593,941<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:15%;width:15%;min-width:15%\">1,640,848<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\"><strong>Liabilities and Equity:<\/strong><\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Senior unsecured notes payable, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">394,484<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">394,262<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Senior unsecured term loan, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">199,189<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">199,136<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Unsecured revolving credit facility<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">105,000<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">80,000<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Accounts payable, accrued liabilities and deferred rent liabilities<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">23,785<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">25,408<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Dividends payable<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">26,900<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">26,285<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Total liabilities<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">749,358<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">725,091<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Equity:<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Common stock<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">965<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">963<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Additional paid-in capital<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,195,586<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,196,839<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"4\">Cumulative distributions in excess of earnings<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(351,968<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(282,045<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Total equity<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">844,583<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">915,757<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Total liabilities and equity<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,593,941<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,640,848<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table align=\"center\" class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"8\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"8\"><strong>CARETRUST REIT, INC.<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"8\"><strong>CONSOLIDATED STATEMENTS OF CASH FLOWS<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"8\"><strong>(in thousands)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"8\"><strong>(Unaudited)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"7\"><strong>For the Three Months Ended March 31,<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:69%;width:69%;min-width:69%\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_center hugin gnw_vertical_align_bottom\" style=\"max-width:13%;width:13%;min-width:13%\"><strong>2022<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_center hugin gnw_vertical_align_bottom\" style=\"max-width:13%;width:13%;min-width:13%\"><strong>2021<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Cash flows from operating activities:<\/td>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\"><strong>Net (loss) income<\/strong><\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(43,264<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">20,486<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">Adjustments to reconcile net (loss) income to net cash provided by operating activities:<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Depreciation and amortization (including below-market ground leases)<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,594<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">13,486<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Amortization of deferred financing costs<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">520<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">487<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Amortization of stock-based compensation<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,521<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1,585<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Straight-line rental income<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(6<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(12<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Adjustment for collectibility of rental income<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">977<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">(Gain) losson sale of real estate<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(186<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">192<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Impairment of real estate investments<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">59,683<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Provision for loan losses, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">3,844<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i20 hugin gnw_vertical_align_bottom\">Change in operating assets and liabilities:<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\">Accounts and other receivables<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">337<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(100<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\">Prepaid expenses and other assets, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(404<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">278<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\">Accounts payable, accrued liabilities and deferred rent liabilities<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(2,037<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(2,453<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\"> Net cash provided by operating activities<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">34,579<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">33,949<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Cash flows from investing activities:<\/td>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">Acquisitions of real estate, net of deposits applied<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(21,915<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(138,151<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">Purchases of equipment, furniture and fixtures and improvements to real estate<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(1,918<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(1,319<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">Investment in other loans receivable<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(2,086<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(700<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">Principal payments received on real estate mortgage and other loans receivable<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">888<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">56<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">Net proceeds from sales of real estate<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">959<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">6,814<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\"> Net cash used in investing activities<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(24,072<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(133,300<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Cash flows from financing activities:<\/td>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">Proceeds from the issuance of common stock, net<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">16,191<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">Borrowings under unsecured revolving credit facility<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">25,000<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">120,000<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">Net-settle adjustment on restricted stock<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(2,772<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(1,330<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">Dividends paid on common stock<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(26,044<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(23,960<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\"> Net cash (used in) provided by financing activities<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(3,816<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">110,901<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Net increase in cash and cash equivalents<\/td>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">6,691<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">11,550<\/td>\n<td class=\"gnw_border_top_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Cash and cash equivalents as of the beginning of period<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">19,895<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">18,919<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Cash and cash equivalents as of the end of period<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">26,586<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">30,469<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table align=\"center\" class=\"gnw_table_border_collapse hugin\" style=\"width:100%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"20\" \/><\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"20\"><strong>CARETRUST REIT, INC.<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"20\"><strong>DEBT SUMMARY<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"20\"><strong>(dollars in thousands)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"20\"><strong> (Unaudited) <\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"14\"><strong>March 31, 2022<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Interest<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_center hugin gnw_vertical_align_bottom\"><strong>Maturity<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>% of<\/strong><\/td>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Deferred<\/strong><\/td>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Net Carrying<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\"><strong>Debt<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Rate<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\"><strong>Date<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Principal<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"2\"><strong>Principal<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Loan Costs<\/strong><\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_center hugin gnw_vertical_align_bottom\" colspan=\"3\"><strong>Value<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid hugin gnw_vertical_align_bottom\"><strong>Fixed Rate Debt<\/strong><\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" style=\"max-width:35%;width:35%;min-width:35%\">Senior unsecured notes payable<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:7%;width:7%;min-width:7%\">3.875<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:2%;width:2%;min-width:2%\">%<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:3%;width:3%;min-width:3%\" \/>\n<td class=\"gnw_align_center gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:9%;width:9%;min-width:9%\">2028<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:3%;width:3%;min-width:3%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:7%;width:7%;min-width:7%\">400,000<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:7%;width:7%;min-width:7%\">56.7<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" style=\"max-width:2%;width:2%;min-width:2%\">%<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:7%;width:7%;min-width:7%\">(5,516<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:3%;width:3%;min-width:3%\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\">$<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:7%;width:7%;min-width:7%\">394,484<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" style=\"max-width:1%;width:1%;min-width:1%\" \/><\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid hugin gnw_vertical_align_bottom\"><strong>Floating Rate Debt<\/strong><\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"gnw_border_top_solid hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Senior unsecured term loan<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1.957<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">%<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center hugin gnw_vertical_align_bottom\">[1]<\/td>\n<td class=\"gnw_align_center gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">2026<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">200,000<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">28.4<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">%<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(811<\/td>\n<td class=\"gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">199,189<\/td>\n<td class=\"gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Unsecured revolving credit facility<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1.557<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">%<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center hugin gnw_vertical_align_bottom\">[2]<\/td>\n<td class=\"gnw_align_center gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">2024<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center hugin gnw_vertical_align_bottom\">[3]<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">105,000<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">14.9<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">%<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">\u2014<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_center hugin gnw_vertical_align_bottom\">[4]<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">105,000<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">1.820<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">%<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">305,000<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">43.3<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">%<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(811<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">304,189<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\"><strong>Total Debt<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">2.986<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">%<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">705,000<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">100.0<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">%<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">(6,327<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_left gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\">698,673<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_double gnw_align_right gnw_padding_left_none gnw_padding_right_none hugin gnw_vertical_align_bottom\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double hugin gnw_vertical_align_bottom\" colspan=\"2\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double hugin gnw_vertical_align_bottom\" colspan=\"3\" \/>\n<td class=\"hugin gnw_vertical_align_bottom\" \/>\n<td class=\"gnw_border_top_double hugin gnw_vertical_align_bottom\" colspan=\"3\" \/><\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"20\">[1] Funds can be borrowed at applicable LIBOR plus 1.50% to 2.20% or at the Base Rate (as defined) plus 0.50% to 1.20%.<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"20\">[2] Funds can be borrowed at applicable LIBOR plus 1.10% to 1.55% or at the Base Rate (as defined) plus 0.10% to 0.55%.<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"20\">[3] Maturity date assumes exercise of two 6-month extension options.<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"20\">[4] Deferred financing fees are not shown net for the unsecured revolving credit facility and are included in assets on the balance sheet.<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"20\" \/><\/tr>\n<\/table>\n<p align=\"justify\"><strong>Non-GAAP Financial Measures<\/strong><\/p>\n<p align=\"justify\">EBITDA represents net income before interest expense (including amortization of deferred financing costs), amortization of stock-based compensation, and depreciation and amortization. Normalized EBITDA represents EBITDA as further adjusted to eliminate the impact of certain items that the Company does not consider indicative of core operating performance, such as recovery of previously reversed rent, lease termination revenue, property operating expenses, gains or losses from dispositions of real estate, real estate impairment charges, provision for loan losses, non-routine transaction costs, loss on extinguishment of debt, and provision for doubtful accounts and lease restructuring, as applicable. EBITDA and Normalized EBITDA do not represent cash flows from operations or net income as defined by GAAP and should not be considered an alternative to those measures in evaluating the Company\u2019s liquidity or operating performance. EBITDA and Normalized EBITDA do not purport to be indicative of cash available to fund future cash requirements, including the Company\u2019s ability to fund capital expenditures or make payments on its indebtedness. Further, the Company\u2019s computation of EBITDA and Normalized EBITDA may not be comparable to EBITDA and Normalized EBITDA reported by other REITs.<\/p>\n<p align=\"justify\">Funds from Operations (\u201cFFO\u201d), as defined by the National Association of Real Estate Investment Trusts (\u201cNareit\u201d), and Funds Available for Distribution (\u201cFAD\u201d) are important non-GAAP supplemental measures of operating performance for a REIT. Because the historical cost accounting convention used for real estate assets requires straight-line depreciation except on land, such accounting presentation implies that the value of real estate assets diminishes predictably over time. Since real estate values have historically risen or fallen with market and other conditions, presentations of operating results for a REIT that uses historical cost accounting for depreciation could be less informative. Thus, Nareit created FFO as a supplemental measure of operating performance for REITs that excludes historical cost depreciation and amortization, among other items, from net income, as defined by GAAP.<\/p>\n<p align=\"justify\">FFO is defined by Nareit as net income computed in accordance with GAAP, excluding gains or losses from dispositions of real estate investments, real estate depreciation and amortization and real estate impairment charges, and adjustments for unconsolidated partnerships and joint ventures. The Company computes FFO in accordance with Nareit\u2019s definition.<\/p>\n<p align=\"justify\">FAD is defined as FFO excluding noncash income and expenses, such as amortization of stock-based compensation, amortization of deferred financing fees and the effects of straight-line rent. The Company considers FAD to be a useful supplemental measure to evaluate the Company\u2019s operating results excluding these income and expense items to help investors, analysts and other interested parties compare the operating performance of the Company between periods or as compared to other companies on a more consistent basis.<\/p>\n<p align=\"justify\">In addition, the Company reports Normalized FFO and Normalized FAD, which adjust FFO and FAD for certain revenue and expense items that the Company does not believe are indicative of its ongoing operating results, such as provision for loan losses, provision for doubtful accounts and lease restructuring, loss on extinguishment of debt, recovery of previously reversed rent, lease termination revenue and property operating expenses. By excluding these items, investors, analysts and our management can compare Normalized FFO and Normalized FAD between periods more consistently.<\/p>\n<p align=\"justify\">While FFO, Normalized FFO, FAD and Normalized FAD are relevant and widely-used measures of operating performance among REITs, they do not represent cash flows from operations or net income as defined by GAAP and should not be considered an alternative to those measures in evaluating the Company\u2019s liquidity or operating performance. FFO, Normalized FFO, FAD and Normalized FAD do not purport to be indicative of cash available to fund future cash requirements.<\/p>\n<p align=\"justify\">Further, the Company\u2019s computation of FFO, Normalized FFO, FAD and Normalized FAD may not be comparable to FFO, Normalized FFO, FAD and Normalized FAD reported by other REITs that do not define FFO in accordance with the current Nareit definition or that interpret the current Nareit definition or define FAD differently than the Company does.<\/p>\n<p align=\"justify\">The Company believes that net income, as defined by GAAP, is the most appropriate earnings measure. The Company also believes that the use of EBITDA, Normalized EBITDA, FFO, Normalized FFO, FAD and Normalized FAD, combined with the required GAAP presentations, improves the understanding of operating results of REITs among investors and makes comparisons of operating results among such companies more meaningful. The Company considers EBITDA and Normalized EBITDA useful in understanding the Company\u2019s operating results independent of its capital structure, indebtedness and other charges that are not indicative of its ongoing results, thereby allowing for a more meaningful comparison of operating performance between periods and against other REITs. The Company considers FFO, Normalized FFO, FAD and Normalized FAD to be useful measures for reviewing comparative operating and financial performance because, by excluding gains or losses from real estate dispositions, impairment charges and real estate depreciation and amortization, and, for FAD and Normalized FAD, by excluding noncash income and expenses such as amortization of stock-based compensation, amortization of deferred financing fees, and the effects of straight-line rent, FFO, Normalized FFO, FAD and Normalized FAD can help investors compare the Company\u2019s operating performance between periods and to other REITs.<\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/YWQyNTRhZmItYmJkOC00ZDdlLTg4MzEtMGU4ODUyYmFiZjc5LTEwMTc1MzE=\/tiny\/CareTrust-REIT-Inc-.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p>Conference Call Scheduled for Friday, May6, 2022 at 1:00 pm ET<\/p>\n<p align=\"justify\">SAN CLEMENTE, Calif., May 05, 2022 (GLOBE NEWSWIRE) &#8212; CareTrust REIT, Inc. (Nasdaq:CTRE) today reported operating results for the quarter ended March 31, 2022, as well as other recent events.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6215"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=6215"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6215\/revisions"}],"predecessor-version":[{"id":6222,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6215\/revisions\/6222"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=6215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=6215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=6215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}