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CareTrust REIT, Inc. CTRE

Listed / Traded Health Care NYSE Mgmt:

CareTrust 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 portfolio of long-term net-leased properties spanning the United States and United Kingdom, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States and internationally.

Snapshot

Price
$36.38
Market cap
$8.59B
Enterprise value
$9.27B
Dividend yieldi
4.29%
Annual dividendi
$1.56
Frequency
Quarterly
FFO / sharei
$0.48 · Q1 2026
Normalized FAD / sharei
$0.48 · Q1 2026
Net debt / EBITDAi
0.60x · Adj. EBITDA
Op. cash flow / sharei
$1.93
Price / OCFi
18.84
Payout (% of OCF)i
80.80%
Debt / book capitali
17.80%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / Normalized FAD / leverage are from the Q1 2026 earnings release (filed 2026-05-07) — 8-K, EX-99.1.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

Balance sheet (latest FY: 2025)

Total debt
$894.22M
Cash
$198.04M
Net debt / EBITDAi
1.36x
Debt / book capitali
17.80%
Total assets
$5.15B
Total equity
$4.04B
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Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $476.59M $320.54M $93.08M $462.08M $394.03M
2024 $228.26M $125.08M $56.83M $211.54M $244.25M
2023 $198.60M $53.73M $51.20M $145.80M $154.77M
2022 $187.51M $-7.51M $50.38M $72.88M $144.41M
2021 $190.19M $71.98M $55.39M $151.05M $156.87M
2020 $175.69M $80.87M $52.82M $157.35M $145.74M

Dividends

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-06-302026-06-302026-07-15 $0.39Quarterly
2026-03-312026-03-312026-04-15 2026-03-13$0.39Quarterly
2025-12-312025-12-312026-01-15 2025-12-16$0.34Quarterly
2025-09-302025-09-302025-10-15 2025-09-15$0.34Quarterly
2025-06-302025-06-302025-07-15 2025-06-16$0.34Quarterly
2025-03-312025-03-312025-04-15 2025-03-18$0.34Quarterly
2024-12-312024-12-312025-01-15 2024-12-16$0.29Quarterly
2024-09-302024-09-302024-10-15 2024-09-16$0.29Quarterly
2024-06-282024-06-282024-07-15 2024-06-17$0.29Quarterly
2024-03-272024-03-282024-04-15 2024-03-18$0.29Quarterly
2023-12-282023-12-292024-01-12 2023-12-18$0.28Quarterly
2023-09-282023-09-292023-10-13 2023-09-15$0.28Quarterly
2023-06-292023-06-302023-07-14 2023-06-20$0.28Quarterly
2023-03-302023-03-312023-04-14 2023-03-20$0.28Quarterly
2022-12-292022-12-302023-01-13 2022-12-16$0.28Quarterly
2022-09-292022-09-302022-10-14 2022-09-15$0.28Quarterly
2022-06-292022-06-302022-07-15 2022-06-17$0.28Quarterly
2022-03-302022-03-312022-04-15 2022-03-15$0.28Quarterly
2021-12-302021-12-312022-01-15 2021-12-15$0.27Quarterly
2021-09-292021-09-302021-10-15 2021-09-15$0.27Quarterly
2021-06-292021-06-302021-07-15 2021-06-16$0.27Quarterly
2021-03-302021-03-312021-04-15 2021-03-15$0.27Quarterly
2020-12-302020-12-312021-01-15 2020-12-17$0.25Quarterly
2020-09-292020-09-302020-10-15 2020-09-15$0.25Quarterly

Coverage (payout of operating cash flow): 80.80%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.

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