CARETRUST REIT INC (CTRE)
Real Estate · Healthcare real estate investment trust (REIT) · NYSE
CareTrust REIT owns and leases a diversified portfolio of 407 skilled nursing and senior housing properties across 32 states and the UK, generating stable cash flows through triple-net leases and healthcare operator financing.
What CARETRUST REIT INC does
CareTrust REIT is a self-administered, publicly-traded real estate investment trust that owns and leases skilled nursing facilities, senior housing communities, and other healthcare-related properties across 32 states and the UK. The company generates revenues primarily through triple-net leases to independent healthcare operators, as well as through secured loans, preferred equity investments, and a RIDEA-structure senior housing operating platform (SHOP) where it operates properties directly through third-party managers. As of December 31, 2025, the company owned 407 properties consisting of 37,628 operational beds and units.
Themes: ["Healthcare real estate / skilled nursing facilities","Senior housing","Triple-net lease model","REIT / real estate investment","Healthcare property financing","Operating lease portfolio"]
Fundamentals
- Price$40.86 as of 2026-07-09 close
- Market cap$9.8B as of 2026-07-10
- 1-year return+31.9% as of 2026-07-09 close
- P/E29.16 as of 2026-07-10
- Net margin+64.1% as of 2026-07-10
- Gross margin+99.2% as of 2026-07-10
- ROE+8.7% as of 2026-07-10
- Debt / equity0.22 as of 2026-07-10
- Revenue growth (YoY)+58.4% as of 2026-07-10
- Revenue CAGR (3y)+34.4% SEC XBRL
- Beta0.81 as of 2026-07-10
Dividend: yield +3.8%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Dependence on healthcare operator tenants' financial performance and ability to pay rent; tenant defaults could significantly impact revenue and property valuations.","Regulatory risk in skilled nursing and senior housing sectors, including changes in Medicare/Medicaid reimbursement rates, licensure requirements, and operational compliance standards.","Geographic concentration risk, with highest rental income concentration in California, UK, Texas, and Tennessee, exposing the company to regional economic downturns."]
Competitors & peers
- Welltower (WELL)
- Sabine Healthcare (no ticker available — omitted)
- Healthpeak Properties (PEAK)
- LTC Properties (LTC)
- Physicians Realty Trust (DOC)
- Medical Properties Trust (MPW)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.