CareTrust REIT, Inc

Real Estate Investment Trusts

CTREMixed8 of 11 basics passed

$36.03

+0.67%

Market cap $8.51B

$36.03

+0.67%

Market cap $8.51B

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

It is a $8.51B real estate company. Revenue grew 53.0% over the last year, and it keeps 62¢ of every dollar of sales as profit. It trades at 24.0× earnings — near the lowest of its own history.

Website: caretrustreit.com
Location: Dana Point, CA
Employees: 43
Sector: Real Estate

Share price · 3 years

$21.40 → $36.03+68.4%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $571M
Profit: keeps 62¢ of every $1 sold; $355M
Free cash flow: cash left after running the business; $447M
P/E: years of profit in the price; 24.0
EPS: earnings per share, TTM; $1.74
Dividend: pays out 86% of profit · 68% of FCF; 3.58%
Shares: up 264% since 2016 — dilution; 204.1M
Volatility: beta vs the market — under 1 swings less; 0.80

Revenue, last 10 years

52-week range

Low $32.90$36.03High $43.40

Today's price is 30% of the way from the year's low to its high.

P/E vs its history5y

24.0×median 35.8×

Higher than 3% of past days — near the lowest of its own history.

Valuation vs own history

P/E

24.0×

98%

P/S

14.9×

44%

EV/EBITDA

29.7×

75%

P/B

1.9×

69%

Share of the last ~5 years that was pricier than today (cheaper than usual). Based on the daily valuation record.

Standing in Real Estate

Size$8.51Btop 89%
Revenue growth+34%top 2%
Net margin62%top 7%
Return on equity9%top 44%
P/E24.0×top 41%
Dividend yield3.58%top 74%

Ranked against 46 Real Estate companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong growth; Health and Quality lag behind.

Valuation62

P/E vs own history3th pct · 25/25
FCF yield5.3% · 20/25
P/S14.9x · 5/25
EV/EBITDA20.1x · 12/25

Growth75

Revenue CAGR25.4% · 25/25
Net income CAGR45.3% · 25/25
EPS CAGR ~5Y13.1% · 20/25
Fwd implied growth3.2% · 5/25

Profitability74

ROIC9.3% · 12/25
ROE8.5% · 12/25
Net margin62.2% · 25/25
Operating margin64.4% · 25/25

Health28

Altman Z0.05 · 3/25
Current ratio0.31 · 0/25
Interest coverage14.6x · 25/25
Net cash / debtn/a · 0/25

Quality35

Piotroski F6/9 · 15/25
Beneish M-2.42 · 20/25
FCF conversionn/a · 0/25
Margin stabilityσ 46.5% · 0/25

Moat68

ROIC >12% years4/8 yrs · 13/25
Median gross margin77.4% · 25/25
FCF-positive years4/4 yrs · 25/25
Worst-year net marginworst -3.8% · 5/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Best year on record
$321M net income
FY2016Financial
First recorded profitable year
$29.4M net income
FY2016Financial
Positive free cash flow every year since
10-year streak

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$16 797 today — price return only

$476.4M revenue in FY2025

Revenue up 53.0% year over year

Profitable 3 years in a row

Positive free cash flow 10 years in a row

43 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (98.8%)
Strongly profitable — 62.2% net margin
Revenue growing 53.0% year over year
Strong cash conversion — FCF is 78.2% of revenue
Interest covered 14.6× by operating earnings

Watch-outs

Altman Z-Score 0.05 — elevated financial-distress risk
Loss-making in 1 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 11 checks passed

Revenue growing — the company sells more than a year ago+53.0% YoY
Profitable — makes more than it spends$355M TTM
Profit growing — earnings are higher than last year+13.1% YoY
Generates cash — cash left after running and investing$447M TTM
Debt under control — could handle its obligationscurrent ratio 0.31
Established company — not a micro-cap — lower blow-up risk$8.51B market cap
Not printing shares — share count not ballooning — you keep your slice+114.4% shares over ~5y
Proven track record — years of profitability behind it9/10 profitable years
Financially stable — balance sheet not near distressAltman Z 0.1 — distress
Pays a dividend — returns cash to shareholdersyield 3.58%
Valuation not extreme — price not wildly above earningsP/E 24.0

Peer comparisonCareTrust REIT, Inc vs 6 largest real estate peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
CTRE this company	$8.5B	24.0	+53.0%	62.2%	Mixed
WELL Welltower Inc.	$162.5B	108.1	+37.6%	12.1%	Strained
PLD Prologis, Inc.	$123.1B	29.8	+7.3%	45.8%	Strained
EQIX Equinix, Inc.	$101.2B	66.0	+9.6%	15.6%	Strained
AMT American Tower Corporation	$84.5B	25.0	+14.2%	31.1%	Strained
DLR Digital Realty Trust, Inc.	$66.6B	83.0	+17.4%	11.8%	Strained
SPG Simon Property Group, Inc.	$64.7B	14.0	+15.0%	66.5%	Strained

Head-to-head: CTRE vs WELL · CTRE vs PLD · CTRE vs EQIX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 5Buy 11Hold 3

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $571M · net income $355M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$571M

YoY 53.0%

Net income (TTM)

$355M

Margin 62.2%

Gross margin

98.8%

Operating margin

64.4%

P/E ratio

24.0

Dividend yield

3.58%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	0.2	0.2	0.2	0.2	0.3	0.5
Gross profit	0.2	0.2	0.0	0.1	0.1	0.3
Operating income (EBIT)	0.2	0.2	0.0	0.1	0.1	0.3
Net income	0.1	0.1	-0.0	0.1	0.1	0.3
EPS (diluted)	0.85	0.75	-0.08	0.51	0.81	1.57

Cash flowFree cash flow $447M · operating cash flow $447M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$447M

Margin 78.2%

Operating cash flow (TTM)

$447M

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.1	0.2	0.1	0.2	0.2	0.4
Capital expenditure	—	—	—	—	—	—
Free cash flow	0.1	0.2	0.1	0.2	0.2	0.4
FCF margin	81.7%	81.6%	73.6%	71.1%	82.4%	82.7%

Balance sheetAssets $5.15B · debt n/a (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $5.15B of assets is financed

21%

79%

Liabilities $1.09B — borrowed moneyEquity $4.04B — owners' stake

Altman Z-Score

0.05

Distress zone

Interest coverage

14.6x

EBIT ÷ interest expense

ROE

8.5%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.0	0.0	0.0	0.3	0.2	0.2
Total assets	1.5	1.6	1.6	2.1	3.4	5.1
Total liabilities	0.6	0.7	0.8	0.7	0.5	1.1
Total debt	—	—	—	—	—	—
Equity	0.9	0.9	0.8	1.4	2.9	4.0
Net debt	—	—	—	—	—	—

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of CTRE on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $36.03 · market cap $8.51B.