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Net-lease REIT owning skilled nursing and senior housing properties leased to healthcare operators.
Net-lease REIT owning skilled nursing and senior housing properties leased to healthcare operators.
Collects rent under long triple-net leases, where the tenant pays taxes, insurance and upkeep, so it carries property risk but not day-to-day operating risk, and rents usually step up each year. Spun off from Ensign Group in 2014; Ensign remains a significant tenant alongside many other operators.
Moat: narrow (switching costs, customer qualification). Long-term triple-net leases and operator underwriting make relocating a licensed facility costly.
Headquarters: San Clemente, California, United States · Founded: 2014 · Employees: 43
Size CareTrust REIT (CTRE) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $9.03B, the 830th largest of 3,117 United States companies the cockpit tracks. Shares closed at $38.21 on 6 Nov 2026.
Performance Over six months the shares fell 8.2%, against -0.1% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 53.1% over the last twelve months (peer median +6.5%); the operating margin is 64.9% (peer median 35.8%).
Valuation It trades at 24.2× forward earnings against a peer median of 27.3× (9th cheapest of 19).
Short interest Short interest is 4.2% of the free float (15 Oct 2026).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $572M | $477M | $296M | $218M | $196M |
| Revenue growth | — | +61% | +36% | +11% | — |
| Gross profit | $449M | $375M | $226M | $157M | $136M |
| EBITDA | $485M | $413M | $248M | $186M | $163M |
| Net income | $355M | $320M | $125M | $53.3M | -$7.95M |
| Free cash flow | $431M | $379M | $236M | $144M | $137M |
| Capital expenditure | $15.6M | $15.0M | $8.05M | $11.0M | $7.29M |
| Total debt | $1.21B | $894M | $397M | $596M | $719M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CareTrust REIT CTRE | $9.03B | -8% | +53% | 65% | 24.2× | n/a |
| Omega Healthcare Investors OHI | $14.6B | +2% | +14% | 61% | 24.3× | n/a |
| Sabra Health Care REIT SBRA | $5.51B | +1% | +21% | 18% | 29.4× | n/a |
| National Health Investors NHI | $3.50B | -5% | +24% | 45% | 20.6× | n/a |
| American Healthcare REIT AHR | $12.7B | +12% | +16% | 7% | 81.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CTRE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.8% | +6.5% | 10th highest of 21 |
| 6-month return | -8.2% | -0.1% | 5th lowest of 21 |
| Distance from 52-week high | -12.4% | -13.9% | 10th highest of 21 |
| Revenue growth (TTM) | +53.1% | +6.5% | highest of 20 |
| Operating margin | 64.9% | 35.8% | 2nd highest of 21 |
| Forward P/E | 24.2× | 27.3× | 9th cheapest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CareTrust REIT CTRE | United States | $9.03B | -8% | +53% | 65% | 24.2× | n/a | n/a |
| Agree Realty ADC | United States | $9.09B | -8% | +18% | 48% | 35.9× | n/a | n/a |
| Ryman Hospitality Properties RHP | United States | $9.11B | +19% | +13% | 20% | 26.4× | n/a | n/a |
| Lineage LINE | United States | $8.91B | -2% | +1% | 4% | n/a | n/a | n/a |
| Brixmor Property BRX | United States | $9.21B | +1% | +5% | 37% | 28.5× | n/a | n/a |
| CapitaLand Investment 9CI.SI | Singapore | $9.22B | -11% | -15% | 29% | 19.3× | n/a | n/a |
| CapitaLand Ascendas REIT A17U.SI | Singapore | $8.83B | -9% | +7% | 55% | 15.1× | n/a | n/a |
| Federal Realty Investment Trust FRT | United States | $9.74B | -2% | +8% | 34% | 36.7× | n/a | n/a |
| Janus Living JAN | United States | $9.93B | +15% | n/a | -15% | 782.8× | n/a | n/a |
| CubeSmart CUBE | United States | $10.1B | +11% | +3% | 41% | 28.2× | n/a | n/a |
| MERLIN Properties SOCIMI MRL.MC | Spain | $8.05B | -23% | +13% | 71% | 21.9× | n/a | n/a |
| Rexford Industrial Realty REXR | United States | $8.02B | +4% | -2% | 40% | 29.5× | n/a | n/a |
| Vicinity Centres VCX.AX | Australia | $8.01B | 0% | +3% | 52% | 15.3× | n/a | n/a |
| Choice Properties Real Estate Investment Trust CHP-UN.TO | Canada | $7.95B | -1% | +4% | 20% | 40.5× | n/a | n/a |
| NNN REIT NNN | United States | $7.89B | -7% | +7% | 61% | 19.6× | n/a | n/a |
| BXP BXP | United States | $10.4B | +11% | +3% | 29% | 31.2× | n/a | n/a |
| EastGroup Properties EGP | United States | $10.4B | -6% | +10% | 41% | 35.1× | n/a | n/a |
| Alexandria Real Estate Equities ARE | United States | $7.80B | -2% | -10% | 27% | n/a | n/a | n/a |
| Stockland SGP.AX | Australia | $7.74B | +15% | +15% | 20% | 12.4× | n/a | n/a |
| Land Securities LAND.L | United Kingdom | $7.51B | +20% | +7% | 48% | 13.2× | n/a | n/a |
| COPT Defense Properties CDP | United States | $7.43B | +4% | +7% | 30% | 22.3× | n/a | n/a |