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CareTrust REIT, Inc.

CTREReal EstateNASDAQ

REIT - Healthcare Facilities · Last scanned Jun 1, 2026

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Financials · Annual
Revenue
$369.4M
+61.8% YoY
Net Income
$320.5M
+156.3% YoY
EBITDA
$461.9M
+118.3% YoY
Free Cash Flow
$965.3M

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About CareTrust REIT, Inc.

CareTrust REIT, Inc. 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. The company carries a $9.64B market cap, placing it firmly in the mid-cap category. 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, with the highest concentration of properties by rental income located in California, the U.K., Texas, and Tennessee.

Key stats
Market Cap$9.64B
P/E (TTM)25.84
Fwd P/E23.79
EPS$1.58
Beta0.79
52W Change+40.9%
Dividend Yield3.82%
ROE9.4%
Analysis

CareTrust REIT, Inc. carries $665.8M in total debt against $30.5M in cash reserves — debt is roughly 21.9x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow comes in at $965.3M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 9.4%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 4.8% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $187.5M (2022) to $369.4M (2025), reflecting a 97% increase over the period.

Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence CareTrust REIT, Inc.'s trajectory.

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