CareTrust REIT, Inc. CTRE

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

CareTrust REIT is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, senior housing and other healthcare-related properties.

As of December 31, 2025, CareTrust REIT owned, directly or indirectly in consolidated joint ventures, and leased to independent operators, 407 skilled nursing facilities (each, a "SNF"), senior housing communities and other properties consisting of 37,628 operational beds and units located in 32 states and the United Kingdom (the "U.K."), with the highest concentration of properties by rental income located in California, the U.K., Texas, and Tennessee. As of December 31, 2025, we also had other real estate related investments consisting of four preferred equity investments, 16 real estate secured loans receivable and five mezzanine loans receivable with a carrying value of $899.3 million and one financing receivable with a carrying value of $92.2 million.

Last close 36.62 2026-10-23
Market cap $8.65B 2026-06-30 share count
52-week range 33.72 - 43.62

Valuation FY2025 figures against the last close

P/S7,063.7x
P/E23.3x
P/FCF22.0x
EV/EBITDA—
Dividend yield3.0%
Diluted EPS1.57

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.2M$0$0$196.1M$192.4M$2.1M$3.4M$3.4M$3.2M$3.0M
Cost of revenue ————$0$1.9M$2.9M$3.0M$2.7M$2.5M
Gross profit ————$192.4M$208.0K$491.0K$415.0K$495.0K$421.0K
SG&A $52.5M$28.9M$21.8M$20.2M$26.9M$16.3M$15.2M$12.6M$11.1M$9.3M
Total operating expenses $206.5M$178.1M$159.8M$192.8M$109.5M$97.4M$118.8M$101.1M$110.6M$75.1M
Interest expense $43.7M$30.3M$40.9M$30.0M$23.7M$23.7M$28.1M$27.9M$24.2M$22.9M
Pre-tax income $325.3M$124.4M$53.7M———————
Income tax $5.0M$0$0———————
Net income $320.5M$125.1M$53.7M-$7.5M$72.0M$80.9M$46.4M$57.9M$25.9M$29.4M
EPS, basic 1.570.810.50-0.080.740.850.490.730.350.52
EPS, diluted 1.570.800.50-0.080.740.850.490.720.350.52
Shares, diluted (wtd. avg.) 204.1M155.2M106.2M96.7M96.1M95.2M93.1M79.4M72.6M56.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $198.0M$213.8M$294.4M$13.2M$19.9M$18.9M$20.3M$36.8M$6.9M$7.5M
Other intangibles $48.8M$3.5M—————$2.4M$2.4M$1.9M
Total assets $5.15B$3.44B$2.08B$1.62B$1.64B$1.50B$1.52B$1.29B$1.18B$925.4M
Long-term debt $894.2M$396.9M$595.6M$719.5M$673.4M$545.6M$554.6M$489.8M$558.9M$449.7M
Total liabilities $1.09B$507.6M$666.1M$771.4M$725.1M$589.4M$591.3M$523.5M$590.4M$472.9M
Total equity $4.04B$2.91B$1.42B$849.4M$915.8M$914.1M$927.6M$768.2M$594.6M$452.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $394.0M$244.3M$154.8M$144.4M$156.9M$145.7M$126.3M$99.4M$88.8M$64.4M
Depreciation and amortisation ————$55.4M$52.8M$51.9M$45.8M$39.2M$32.0M
Capital expenditure ——————$2.9M$1.8M$403.0K$151.0K
Investing cash flow -$1.46B-$1.51B-$267.8M-$127.4M-$192.6M-$41.6M-$316.0M-$115.1M-$302.6M-$284.6M
Financing cash flow $1.05B$1.19B$394.3M-$23.7M$36.7M-$105.6M$173.2M$45.6M$213.2M$216.2M
Dividends paid $259.3M$172.2M$115.5M$106.1M$100.8M$93.2M$80.6M$63.0M$52.6M$37.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-007664.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M 400M Revenue, FY2016: 3M Gross profit, FY2016: 421K Net income, FY2016: 29.4M Revenue, FY2017: 3.2M Gross profit, FY2017: 495K Net income, FY2017: 25.9M Revenue, FY2018: 3.4M Gross profit, FY2018: 415K Net income, FY2018: 57.9M Revenue, FY2019: 3.4M Gross profit, FY2019: 491K Net income, FY2019: 46.4M Revenue, FY2020: 2.1M Gross profit, FY2020: 208K Net income, FY2020: 80.9M Revenue, FY2021: 192.4M Gross profit, FY2021: 192.4M Net income, FY2021: 72M Revenue, FY2022: 196.1M Net income, FY2022: -7.5M Revenue, FY2023: 0 Net income, FY2023: 53.7M Revenue, FY2024: 0 Net income, FY2024: 125.1M Revenue, FY2025: 1.2M Net income, FY2025: 320.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.0M $3.2M $3.4M $3.4M $2.1M $192.4M $196.1M $0 $0 $1.2M
Gross profit $421.0K $495.0K $415.0K $491.0K $208.0K $192.4M — — — —
Net income $29.4M $25.9M $57.9M $46.4M $80.9M $72.0M -$7.5M $53.7M $125.1M $320.5M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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