Sunday 11 October 2026
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CareTrust REIT, Inc.
CTRE Real Estate Reit Healthcare Facilities
CareTrust REIT, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $476.4 million, up 60.8% from fiscal 2024. In the quarter to June 2026, revenue grew 43.5%, EPS grew 5.56%, free cash flow grew 89.0% and total debt rose 4.30%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.
36.03
0.24
+0.67%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 9.12 | 14.71 | 12.73 | 17.71 | 7.16 | 19.45 | 15.90 | 17.86 | 20.10 | 24.79 |
Analyst estimates 2026–2028 Powerpack |
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| High | 15.88 | 19.86 | 20.65 | 25.54 | 23.83 | 24.89 | 23.59 | 23.49 | 33.15 | 38.32 | |||||
| People | |||||||||||||||
| People | Employees | 50 | 50 | 57 | 52 | 15 | 16 | 15 | 17 | 21 | 43 | ||||
| Revenue/emp, $m | 2.09 | 2.66 | 2.75 | 3.14 | 11.89 | 12.02 | 13.08 | 12.81 | 14.11 | 11.08 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 105 | 133 | 157 | 163 | 178 | 192 | 196 | 218 | 296 | 476 | ||||
| Gross margin, % | 92.50 | 92.29 | 92.40 | 98.13 | 98.41 | 98.14 | 97.79 | 97.17 | 97.35 | 98.16 | |||||
| EBT | 29 | 26 | 58 | 46 | 81 | 72 | (8) | 54 | 124 | 325 | |||||
| EBT margin, % | 28.04 | 19.46 | 36.91 | 28.37 | 45.35 | 37.42 | (3.83) | 24.67 | 41.99 | 68.28 | |||||
| Net income | 29 | 26 | 58 | 46 | 81 | 72 | (8) | 54 | 124 | 320 | |||||
| Depreciation | 36 | 44 | 52 | 58 | 59 | 68 | 58 | 58 | 63 | 102 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 1.87 | 1.83 | 1.98 | 1.76 | 1.87 | 2.00 | 2.03 | 2.06 | 1.91 | 2.34 | ||||
| Earnings | 0.52 | 0.35 | 0.73 | 0.49 | 0.85 | 0.74 | (0.08) | 0.50 | 0.81 | 1.57 | |||||
| Cash flow | 1.15 | 1.22 | 1.25 | 1.36 | 1.53 | 1.63 | 1.49 | 1.46 | 1.58 | 1.93 | |||||
| Capex | (5.00) | (4.10) | (1.58) | (3.52) | (0.12) | (2.07) | (0.08) | (2.35) | (5.33) | (7.33) | |||||
| Free cash flow | (3.85) | (2.88) | (0.33) | (2.16) | 1.41 | (0.44) | 1.42 | (0.89) | (3.75) | (5.40) | |||||
| Book value | 8.07 | 8.19 | 9.68 | 9.96 | 9.60 | 9.54 | 8.78 | 13.39 | 18.81 | 19.84 | |||||
| Shares, m | 56 | 73 | 79 | 93 | 95 | 96 | 97 | 106 | 155 | 204 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 29.96 | 47.03 | 25.64 | 41.26 | 26.09 | 30.85 | 0.00 | 45.61 | 34.24 | 23.18 | ||||
| P/S | 8.18 | 9.25 | 9.34 | 11.75 | 11.84 | 11.40 | 9.23 | 10.87 | 14.13 | 15.46 | |||||
| P/B | 1.89 | 2.07 | 1.91 | 2.07 | 2.31 | 2.39 | 2.13 | 1.67 | 1.44 | 1.82 | |||||
| EV/Sales | 12.40 | 13.40 | 12.22 | 15.02 | 14.79 | 14.79 | 12.84 | 12.26 | 14.75 | 16.92 | |||||
| EV/FCF | (6.02) | (8.53) | (72.96) | (12.18) | 19.62 | (67.98) | 18.36 | (28.46) | (7.52) | (7.33) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 64 | 89 | 99 | 126 | 146 | 157 | 144 | 155 | 244 | 394 | ||||
| Capex | (280) | (298) | (126) | (328) | (11) | (199) | (7) | (249) | (825) | (1,493) | |||||
| Free cash flow | (216) | (209) | (26) | (201) | 134 | (42) | 137 | (94) | (581) | (1,099) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 1 | (5) | 32 | 8 | 1 | (3) | (11) | 261 | 159 | 88 | ||||
| Total debt | 450 | 559 | 490 | 555 | 546 | 673 | 719 | 596 | 397 | 894 | |||||
| Net debt | 442 | 552 | 453 | 534 | 527 | 654 | 706 | 301 | 183 | 696 | |||||
| Shareholders’ equity | 452 | 595 | 768 | 928 | 914 | 916 | 849 | 1,419 | 2,911 | 4,041 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 3.67 | 2.42 | 4.68 | 3.28 | 5.35 | 4.55 | (0.49) | 2.88 | 4.51 | 7.45 | ||||
| ROIC | 3.67 | 2.58 | 4.29 | 3.87 | 4.54 | 3.81 | 4.67 | 4.91 | 3.95 | 4.17 | |||||
| ROE | 8.21 | 4.87 | 8.50 | 5.43 | 8.78 | 7.81 | (0.90) | 4.70 | 5.76 | 9.20 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
CareTrust REIT, Inc. vs peers in Reit Healthcare Facilities (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| OHI Omega Healthcare Investors, Inc. | $13.4B | 15.7× | 22.5× | +16.19% (above 0%: growing) | +163.04% (above 0%: growing) | +710.56% (above 0%: growing) | 100.00% | 57.45% | Compare |
| DOC Healthpeak Properties, Inc. | $13.1B | 53.8× | 71.3× | +11.12% (above 0%: growing) | +60.00% (above 0%: growing) | −30.47% (below 0%: shrinking) | 56.83% | 16.18% | Compare |
| AHR American Healthcare REIT, Inc. | $11.1B | 74.7× | 80.1× | +24.29% (above 0%: growing) | +166.67% (above 0%: growing) | +9.53% (above 0%: growing) | 20.35% | 6.29% | Compare |
| CTRE CareTrust REIT, Inc. | $8.5B | 22.7× | 25.4× | +43.46% (above 0%: growing) | +5.56% (above 0%: growing) | +88.99% (above 0%: growing) | 98.66% | 67.53% | |
| HR Healthcare Realty Trust Incorporated | $5.9B | — (loss-making) | — (loss-making) | −5.26% (below 0%: shrinking) | n/m | −28.80% (below 0%: shrinking) | 64.88% | 13.83% | Compare |
| SBRA Sabra Healthcare REIT, Inc. | $4.8B | 72.9× | 27.3× | +24.70% (above 0%: growing) | n/m | −666.09% (below 0%: shrinking) | 100.00% | (13.59%) | Compare |
| NHI National Health Investors, Inc. | $3.2B | 18.7× | 20.2× | +33.81% (above 0%: growing) | +45.57% (above 0%: growing) | +2,585.45% (above 0%: growing) | 72.18% | 41.09% | Compare |
| LTC LTC Properties, Inc. | $2.3B | 15.5× | 18.8× | +64.11% (above 0%: growing) | +72.73% (above 0%: growing) | −213.92% (below 0%: shrinking) | 100.00% | 31.24% | Compare |
| MPT Medical Properties Trust, Inc. | $1.9B | — (loss-making) | 39.5× | +7.87% (above 0%: growing) | n/m | −15.15% (below 0%: shrinking) | 95.68% | 3.31% | Compare |
| Median of peers | $5.4B | 36.2× | 27.3× | +20.24% | +72.73% | −21.97% | 83.93% | 15.01% |
CareTrust REIT, Inc. (CTRE) key facts
- Strength: CareTrust REIT, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $476.4 million, up 60.8% from fiscal 2024.
- Strength: Net income was $320.3 million, or $1.57 per share (basic), a net margin of 67.1%.
- CareTrust REIT, Inc. (CTRE) is a Reit Healthcare Facilities company in the Real Estate sector, listed on the New York Stock Exchange.
- As of October 9, 2026, CTRE traded at $36.03, a market capitalization of $8.5 billion.
- At that price the stock trades at 22.7× trailing-twelve-month earnings and 14.7× sales; its P/E is higher than 2% of its own readings over the past ten years.
- CareTrust REIT, Inc. pays an annual dividend of $1.51 per share, a yield of 4.18%, with a payout ratio of 94.7%.
- Return on equity was 9.20% and debt-to-equity 0.27.
- Its Piotroski F-score is 6 out of 9 for fiscal 2025.