CareTrust REIT, Inc.(CTRE)Earnings, Financials & Key Ratios

CTRE•NYSE•REIT / Real Estate

$39.34

$8.76B mkt cap·25.1× P/E·Price updated May 6, 2026

SectorReal Estate IndustryHealthcare REITs Sub-IndustrySenior housing and skilled nursing

AboutCareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.Show more

Revenue$476M+108.7%
FFO$413M+127.3%
FFO/Share2.03+72.8%
FFO Payout62.73%-33.7%
FFO per Share2.03+72.8%
NOI Margin98.88%+5.1%
FFO Margin86.78%+8.9%
ROE9.2%+59.9%
ROA7.47%+64.8%
Net Debt/EBITDA-0.35-134.7%
Book Value/Share19.80+4.9%

Technical→

CTRE Key Insights

CareTrust REIT, Inc. (CTRE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong 5Y profit CAGR of 31.7%
✓FFO growing 122.9% TTM
✓Sustainable FFO payout ratio of 62.7%
✓High NOI margin of 98.9%
✓Healthy dividend yield of 3.2%

✗Weaknesses

✗Shares diluted 31.5% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CTRE Price & Volume

CareTrust REIT, Inc. (CTRE) stock price & volume — 10-year historical chart

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CTRE Growth Metrics

CareTrust REIT, Inc. (CTRE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years20.47%

5 Years22.08%

3 Years36.45%

TTM47.65%

Profit CAGR

10 Years41.4%

5 Years31.71%

3 Years-

TTM163.38%

EPS CAGR

10 Years19.25%

5 Years21.21%

3 Years52.81%

TTM82.34%

Return on Capital

10 Years7.17%

5 Years7.3%

3 Years7.44%

Last Year10.95%

CTRE Recent Earnings

CareTrust REIT, Inc. (CTRE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 1/12 qtrs (8%)●Beat Revenue 2/12 qtrs (17%)

Q1 2026Latest

Feb 12, 2026

EPS

$0.47

Est $0.39

+20.5%

Revenue

$106M

Est $111M

-4.0%

Q4 2025

Nov 5, 2025

EPS

$0.45

Est $0.47

-4.3%

Revenue

$104M

Est $130M

-20.1%

Q3 2025

Aug 6, 2025

EPS

$0.43

Est $0.45

-4.4%

Revenue

$112M

Est $102M

+10.2%

Q2 2025

May 1, 2025

EPS

$0.42

Est $0.43

-2.3%

Revenue

$72M

Est $99M

-27.5%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 12, 2026	$0.47vs $0.39+20.5%	$106Mvs $111M-4.0%
Q4 2025	Nov 5, 2025	$0.45vs $0.47-4.3%	$104Mvs $130M-20.1%
Q3 2025	Aug 6, 2025	$0.43vs $0.45-4.4%	$112Mvs $102M+10.2%
Q2 2025	May 1, 2025	$0.42vs $0.43-2.3%	$72Mvs $99M-27.5%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
SBRASabra Health Care REIT, Inc.Direct Competitor	5.14B	20.38	31.84	10.15%	19.21%	5.6%	6.78%	0.90
LTCLTC Properties, Inc.Direct Competitor	1.85B	38.20	15.16	25.26%	44.88%	10.15%	7.34%	0.55
GMREGlobal Medical REIT Inc.Direct Competitor	94.26M	35.74	115.29	-1.79%	1.69%	0.49%		1.18
CHCTCommunity Healthcare Trust IncorporatedDirect Competitor	504.01M	17.64	227.91	4.67%	4.96%	1.41%	11.2%	1.25
OHIOmega Healthcare Investors, Inc.Direct Competitor	13.73B	46.12	23.77	13.95%	51.02%	11.85%	6.4%	0.78
VTRVentas, Inc.Product Competitor	41.26B	86.78	160.70	18.47%	4.25%	2.08%	3.19%	1.05
WELLWelltower Inc.Product Competitor	150.14B	214.30	154.17	35.82%	12.31%	3.49%	1.9%	0.49
HRHealthcare Realty Trust IncorporatedProduct Competitor	6.95B	19.92	-28.06	-6.92%	-17.51%	-4.28%	1.83%	0.89

Compare CTRE vs Peers

CareTrust REIT, Inc. (CTRE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SBRA

Most directly comparable listed peer for CTRE.

Scale Benchmark

vs WELL

Larger-name benchmark to compare CTRE against a more recognizable public peer.

Peer Set

Compare Top 5

vs SBRA, LTC, GMRE, CHCT

CTRE Income Statement

CareTrust REIT, Inc. (CTRE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Revenue	131.12M	155.38M	159.06M	175.69M	190.19M	187.51M	198.6M	228.26M	476.39M	324.14M
Revenue Growth %	26.14%	18.5%	2.37%	10.46%	8.26%	-1.41%	5.92%	14.94%	108.71%	47.65%
Property Operating Expenses	12.99M	14.89M	5.95M	4.71M	3.57M	9.37M	9.59M	13.55M	5.33M	11.1M
Net Operating Income (NOI)	118.13M▲ 0%	140.49M▲ 18.9%	153.11M▲ 9.0%	170.98M▲ 11.7%	186.62M▲ 9.1%	178.13M▼ 4.5%	189.01M▲ 6.1%	214.71M▲ 13.6%	471.06M▲ 119.4%	313.05M▲ 0%
NOI Margin %	90.09%	90.42%	96.26%	97.32%	98.12%	95%	95.17%	94.06%	98.88%	96.58%
Operating Expenses	60.69M	58.32M	68.06M	69.06M	82.21M	74.33M	73M	90.65M	952K	132.44M
G&A Expenses	11.12M	12.55M	15.16M	16.3M	26.87M	19.27M	20.9M	27.9M	138K	44.81M
EBITDA	144.9M	183.24M	136.92M	154.74M	159.8M	154.19M	167.2M	180.89M	563M	261.87M
EBITDA Margin %	110.51%	117.93%	86.08%	88.08%	84.02%	82.23%	84.19%	79.25%	118.18%	80.79%
Depreciation & Amortization	87.46M	101.07M	51.87M	52.82M	55.39M	50.38M	51.2M	56.83M	92.89M	81.26M
D&A / Revenue %	66.7%	65.05%	32.61%	30.06%	29.12%	26.87%	25.78%	24.9%	19.5%	25.07%
Operating Income	57.44M▲ 0%	82.17M▲ 43.1%	85.05M▲ 3.5%	101.92M▲ 19.8%	104.41M▲ 2.4%	103.81M▼ 0.6%	116M▲ 11.7%	124.06M▲ 6.9%	470.11M▲ 279.0%	180.6M▲ 0%
Operating Margin %	43.81%	52.88%	53.47%	58.01%	54.89%	55.36%	58.41%	54.35%	98.68%	55.72%
Interest Expense	24.2M	27.86M	28.13M	23.66M	23.68M	30.01M	40.88M	30.31M	43.71M	4M
Interest Coverage	2.37x	2.95x	3.02x	4.31x	4.41x	3.46x	2.84x	4.09x	10.76x	-
Non-Operating Income	-4.55M	45.77M	10.57M	-2.61M	8.75M	81.31M	21.4M	-30.65M	0	-119.93M
Pretax Income	25.87M▲ 0%	57.92M▲ 123.9%	46.36M▼ 20.0%	80.87M▲ 74.4%	71.98M▼ 11.0%	-7.51M▼ 110.4%	53.72M▲ 815.7%	124.4M▲ 131.6%	325.29M▲ 161.5%	263.09M▲ 0%
Pretax Margin %	19.73%	37.28%	29.15%	46.03%	37.85%	-4%	27.05%	54.5%	68.28%	81.16%
Income Tax	24.2M	3.62M	0	0	0	0	0	0	-5M	3.11M
Effective Tax Rate %	93.51%	6.24%	0%	0%	0%	0%	0%	0%	-1.54%	1.18%
Net Income	25.87M▲ 0%	57.92M▲ 123.9%	46.36M▼ 20.0%	80.87M▲ 74.4%	71.98M▼ 11.0%	-7.51M▼ 110.4%	53.73M▲ 815.9%	125.08M▲ 132.8%	320.54M▲ 156.3%	261.38M▲ 0%
Net Margin %	19.73%	37.28%	29.15%	46.03%	37.85%	-4%	27.06%	54.8%	67.28%	80.64%
Net Income Growth %	-11.85%	123.87%	-19.96%	74.44%	-10.99%	-110.43%	815.89%	132.77%	156.27%	163.38%
Funds From Operations (FFO)	113.33M▲ 0%	158.99M▲ 40.3%	98.22M▼ 38.2%	133.69M▲ 36.1%	127.38M▼ 4.7%	42.87M▼ 66.3%	104.93M▲ 144.8%	181.91M▲ 73.4%	413.43M▲ 127.3%	342.65M▲ 0%
FFO Margin %	86.44%	102.33%	61.76%	76.09%	66.97%	22.86%	52.84%	79.69%	86.78%	105.71%
FFO Growth %	8.54%	40.29%	-38.22%	36.1%	-4.72%	-66.34%	144.76%	73.36%	127.27%	548.37%
FFO per Share	1.56	2.00	1.06	1.40	1.33	0.44	0.99	1.17	2.03	1.61
FFO Payout Ratio %	46.4%	39.62%	82.08%	69.69%	79.12%	247.57%	110.06%	94.64%	62.73%	68.37%
EPS (Diluted)	0.36▲ 0%	0.73▲ 102.8%	0.20▼ 72.6%	0.60▲ 200.0%	0.50▼ 16.7%	0.44▼ 12.0%	0.50▲ 13.6%	0.80▲ 60.0%	1.57▲ 96.3%	1.23▲ 0%
EPS Growth %	-30.77%	102.78%	-72.6%	200%	-16.67%	-12%	13.64%	60%	96.25%	82.34%
EPS (Basic)	0.36	0.73	0.20	0.60	0.50	0.44	0.50	0.81	1.57	-
Diluted Shares Outstanding	72.65M	79.39M	93.1M	95.21M	96.09M	96.7M	106.15M	155.17M	204.09M	212.27M

CTRE Balance Sheet

CareTrust REIT, Inc. (CTRE) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Assets	1.18B	1.29B	1.52B	1.5B	1.64B	1.62B	2.08B	3.44B	5.15B	5.09B
Asset Growth %	28.06%	9.01%	17.58%	-1.01%	9.13%	-1.22%	28.63%	64.86%	49.79%	277.03%
Real Estate & Other Assets	-1.19B	-1.29B	1.42B	1.46B	1.61B	1.59B	1.76B	2.25B	0	902.01M
PP&E (Net)	1.15B	1.22B	0	0	0	0	0	0	0	0
Investment Securities	1000K	1000K	1000K	0	0	0	0	1000K	0	1000K
Total Current Assets	13.06M	56.85M	68.34M	38.42M	27.15M	25.89M	309.85M	368.26M	300.6M	846.07M
Cash & Equivalents	6.91M	36.79M	20.33M	18.92M	19.89M	13.18M	294.45M	213.82M	198.04M	712.48M
Receivables	1000K	1000K	1000K	1000K	1000K	416K	395K	1000K	1000K	1000K
Other Current Assets	0	0	34.59M	7.23M	-2.68M	12.29M	15.01M	57.26M	0	28.14M
Intangible Assets	2.38M	2.38M	1.65M	2.35M	1.26M	2.83M	5.28M	4.39M	0	47.05M
Total Liabilities	590.37M	523.51M	591.27M	589.42M	725.09M	771.41M	666.12M	507.63M	1.09B	1.07B
Total Debt	558.91M	489.76M	554.62M	545.59M	673.4M	719.5M	595.6M	396.93M	0	893.79M
Net Debt	552M	452.97M	534.3M	526.67M	653.5M	706.32M	301.15M	183.1M	-198.04M	181.31M
Long-Term Debt	558.91M	489.76M	494.62M	495.59M	593.4M	594.5M	595.6M	396.93M	0	893.79M
Short-Term Borrowings	0	0	60M	50M	80M	125M	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities	196.46M	128.75M	96.65M	93.82M	131.69M	176.91M	70.52M	110.71M	0	177.91M
Accounts Payable	17.41M	15.97M	14.96M	19.57M	25.41M	24.36M	33.99M	56.32M	0	103.11M
Deferred Revenue	590.37M	523.51M	0	0	0	0	0	0	0	0
Other Liabilities	0	0	0	0	0	0	0	0	0	0
Total Equity	1.15B▲ 0%	1.22B▲ 6.5%	927.59M▼ 24.0%	914.14M▼ 1.4%	915.76M▲ 0.2%	849.37M▼ 7.2%	1.42B▲ 67.0%	2.93B▲ 106.5%	4.04B▲ 37.9%	4.02B▲ 0%
Equity Growth %	28.16%	6.51%	-24.04%	-1.45%	0.18%	-7.25%	67.03%	106.48%	37.94%	318.93%
Shareholders Equity	594.62M	768.25M	927.59M	914.14M	915.76M	849.37M	1.42B	2.91B	4.04B	3.99B
Minority Interest	552M	452.97M	0	0	0	0	1.9M	20.97M	18.16M	23.04M
Common Stock	755K	859K	951K	952K	963K	990K	1.3M	1.87M	2.23M	2.23M
Additional Paid-in Capital	783.24M	965.58M	1.16B	1.16B	1.2B	1.25B	1.88B	3.44B	0	4.52B
Retained Earnings	-189.38M	-198.19M	-236.35M	-251.21M	-282.05M	-396.95M	-467.63M	-532.57M	0	-528.28M
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	2.45%	4.68%	3.3%	5.35%	4.58%	-0.46%	2.9%	4.53%	7.47%	5.14%
Return on Equity (ROE)	2.54%	4.89%	4.31%	8.78%	7.87%	-0.85%	4.74%	5.75%	9.2%	6.51%
Debt / Assets	47.17%	37.91%	36.52%	36.29%	41.04%	44.39%	28.57%	11.55%	-	17.56%
Debt / Equity	0.49x	0.40x	0.60x	0.60x	0.74x	0.85x	0.42x	0.14x	-	0.22x
Net Debt / EBITDA	3.81x	2.47x	3.90x	3.40x	4.09x	4.58x	1.80x	1.01x	-0.35x	-0.35x
Book Value per Share	15.78	15.38	9.96	9.60	9.53	8.78	13.36	18.88	19.80	18.92

CTRE Cash Flow Statement

CareTrust REIT, Inc. (CTRE) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	88.8M	99.36M	126.3M	145.74M	156.87M	144.41M	154.77M	244.25M	394.03M	394.03M
Operating CF Growth %	37.82%	11.89%	27.11%	15.39%	7.64%	-7.94%	7.17%	57.82%	61.32%	262.76%
Operating CF / Revenue %	67.73%	63.95%	79.4%	82.95%	82.48%	77.02%	77.93%	107.01%	82.71%	121.56%
Net Income	25.87M	57.92M	46.36M	80.87M	71.98M	-7.51M	53.72M	124.4M	320.29M	261.38M
Depreciation & Amortization	39.18M	45.78M	51.87M	52.82M	55.39M	50.38M	50.87M	54.07M	93.05M	78.66M
Stock-Based Compensation	2.42M	3.85M	4.1M	3.79M	10.83M	5.76M	5.15M	6.13M	11.9M	11.03M
Other Non-Cash Items	25.76M	-2.68M	28.05M	3.26M	12.77M	96.11M	42.63M	40.13M	-31.2M	-17.06M
Working Capital Changes	-4.42M	-5.51M	-4.08M	5M	5.89M	-322K	2.39M	19.52M	0	15.67M
Cash from Investing	-302.56M	-115.07M	-316.01M	-41.58M	-192.63M	-127.4M	-267.81M	-1.49B	-1.46B	-1.59B
Acquisitions (Net)	0	0	0	0	0	0	0	19.82M	0	228K
Purchase of Investments	0	0	0	0	0	0	-1.78M	-1.52B	0	-72.85M
Sale of Investments	1000K	0	1000K	0	0	0	0	1000K	0	334K
Other Investing	-310.06M	-115.07M	-311.92M	-33.28M	-186.62M	-120.11M	-255.06M	0	-1.46B	-1.5B
Cash from Financing	213.17M	45.59M	173.25M	-105.56M	36.74M	-23.73M	394.32M	1.17B	1.05B	1.57B
Dividends Paid	-52.59M	-63M	-80.62M	-93.16M	-100.78M	-106.14M	-115.49M	-172.16M	-259.35M	-234.26M
Common Dividends	-52.59M	-63M	-80.62M	-93.16M	-100.78M	-106.14M	-115.49M	-172.16M	0	-234.26M
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	0	1000K
Share Repurchases	-866K	-1.29M	-2.52M	-2M	-1.33M	-4.47M	-1.48M	-2.48M	0	-3.33M
Other Financing	164.26M	179.88M	191.39M	-404K	8.85M	41.88M	636.29M	-11.74M	1.31B	510.87M
Net Change in Cash	-591K▲ 0%	29.88M▲ 5156.3%	-16.46M▼ 155.1%	-1.41M▲ 91.4%	976K▲ 169.3%	-6.72M▼ 788.2%	281.27M▲ 4287.4%	-80.63M▼ 128.7%	-15.78M▲ 80.4%	335.38M▲ 0%
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	335K
Cash at Beginning	7.5M	6.91M	36.79M	20.33M	18.92M	19.89M	13.18M	294.45M	213.82M	306.05M
Cash at End	6.91M	36.79M	20.33M	18.92M	19.89M	13.18M	294.45M	213.82M	198.04M	712.48M
Free Cash Flow	-201.37M▲ 0%	-8.29M▲ 95.9%	122.94M▲ 1582.8%	137.44M▲ 11.8%	150.86M▲ 9.8%	137.12M▼ 9.1%	143.79M▲ 4.9%	236.2M▲ 64.3%	394.03M▲ 66.8%	334.41M▲ 0%
FCF Growth %	6.28%	95.88%	1582.85%	11.79%	9.76%	-9.1%	4.86%	64.26%	66.82%	62.58%
FCF / Revenue %	-153.58%	-5.34%	77.3%	78.23%	79.32%	73.13%	72.4%	103.48%	82.71%	103.17%

CTRE Key Ratios

CareTrust REIT, Inc. (CTRE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
FFO per Share	1.56	2	1.06	1.4	1.33	0.44	0.99	1.17	2.03	1.61
FFO Payout Ratio	46.4%	39.62%	82.08%	69.69%	79.12%	247.57%	110.06%	94.64%	62.73%	68.37%
NOI Margin	90.09%	90.42%	96.26%	97.32%	98.12%	95%	95.17%	94.06%	98.88%	96.58%
Net Debt / EBITDA	3.81x	2.47x	3.90x	3.40x	4.09x	4.58x	1.80x	1.01x	-0.35x	-0.35x
Debt / Assets	47.17%	37.91%	36.52%	36.29%	41.04%	44.39%	28.57%	11.55%	-	17.56%
Interest Coverage	2.37x	2.95x	3.02x	4.31x	4.41x	3.46x	2.84x	4.09x	10.76x	-
Book Value / Share	15.78	15.38	9.96	9.6	9.53	8.78	13.36	18.88	19.8	18.92
Revenue Growth	26.14%	18.5%	2.37%	10.46%	8.26%	-1.41%	5.92%	14.94%	108.71%	47.65%

CTRE SEC Filings & Documents

CareTrust REIT, Inc. (CTRE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 2, 2026·SEC

Material company update

Feb 18, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 12, 2025·SEC

FY 2024

Feb 8, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 1, 2025·SEC

CTRE Frequently Asked Questions

CareTrust REIT, Inc. (CTRE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

CareTrust REIT, Inc. (CTRE) reported $324.1M in revenue for fiscal year 2025. This represents a 671% increase from $42.1M in 2012.

CareTrust REIT, Inc. (CTRE) grew revenue by 108.7% over the past year. This is strong growth.

Yes, CareTrust REIT, Inc. (CTRE) is profitable, generating $261.4M in net income for fiscal year 2025 (67.3% net margin).

Dividend & Returns

Yes, CareTrust REIT, Inc. (CTRE) pays a dividend with a yield of 3.23%. This makes it attractive for income-focused investors.

CareTrust REIT, Inc. (CTRE) has a return on equity (ROE) of 9.2%. This is below average, suggesting room for improvement.

Industry Metrics

CareTrust REIT, Inc. (CTRE) generated Funds From Operations (FFO) of $342.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.

CareTrust REIT, Inc. (CTRE) offers a 3.23% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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CareTrust REIT, Inc.(CTRE)Earnings, Financials & Key Ratios

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