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MARKETS / NYSE / CTRE
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

CareTrust Reit, Inc. CTRE

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.2M
$320.5M
▲ 156.3% YoY
In brief

What this company does

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. We generate revenues primarily by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures, subject to certain exceptions in the case of properties leased to Ensign and Pennant, as defined below). During the fourth quarter of 2025, we began utilizing the structure authorized by the REIT Investment Diversification and Empowerment Act of 2007 (commonly referred to as “RIDEA”) as permitted by the Housing and Economic Recovery Act of 2008 in connection with the establishment of a senior housing operating portfolio (“SHOP”) platform, and completed our first SHOP acquisition in December 2025.

Written from the business description in CareTrust REIT, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.2M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 1.2 · Net income 320.5
200M20122014201620182020202220242025
Compound annual growth
−81.6%
−10.0%
−33.7%
+31.7%
+41.4%
+34.7%
+22.7%
+28.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −10.0% a year over five years — but profit grew faster: net income at +31.7%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
26146 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 26554.0% · Net 26145.8%
10000%20000%20122014201620182020202220242025
ROE
FY2025 · ROE 9.2%
5%-2%-4%20122014201620182020202220242025

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders
USD 259.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2019 · FCF 123.4
50M100M20122014201620182020202220242025
Net buybacks $M Dividends $M
FY2025 · Dividends 259.3 · Net buybacks —
100M200M2013201520172019202120232025
Dividends paidUSD 259.3M
Net buybacks
Share of profit80.9%
Consecutive raises1 years (since the 2024 share-count change)

USD 259.3M in dividends — 81% of the year's profit went back to shareholders.

Total assetsUSD 5.1B
EquityUSD 4.0B
CashUSD 198.0M
Gross debtUSD 894.2M
Net debtUSD 696.2M

Net debt stands at 17% of equity.

The 14-year record
14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B0.00.00.00.20.20.00.00.00.00.00.10.10.00.0
Operating income $B0.30.10.1·······0.0−0.0−0.00.0
EBITDA $B··········0.00.0··
Income tax $B0.00.00.0·······0.00.00.00.0
Net income $B0.30.10.1−0.00.10.10.00.10.00.00.0−0.0−0.00.0
Free cash flow $B······0.10.10.10.10.00.00.00.0
EPS, diluted $1.570.800.50−0.080.740.850.490.720.350.520.26−0.36−0.020.00
Dividend / sh $1.341.161.121.101.061.000.900.820.740.680.640.12··
Payout %81138215−1414140115174109203127217−405−0·
ROE %9.25.84.7−0.97.98.85.58.54.98.25.3−5.9−0.20.1
Shares out B0.220.190.130.100.100.100.100.090.080.060.050.03··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 40 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 23 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2012

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