CareTrust REIT, Inc. (CTRE) vs Healthpeak Properties, Inc. (DOC)

CareTrust REIT, Inc. and Healthpeak Properties, Inc. are both Reit Healthcare Facilities companies. Healthpeak Properties, Inc. is the larger, with a market value of $14.4B against $8.8B — 1.6× the size. CareTrust REIT, Inc. trades at the lower P/E: 23.5× against 58.0×. CareTrust REIT, Inc. grew revenue faster over the last twelve months: 53.0% against 5.52%. CareTrust REIT, Inc. has the higher net margin (62.1% vs 8.23%) and the higher return on invested capital (4.15% vs 1.71%). Both pay a dividend; Healthpeak Properties, Inc. yields more (6.75% vs 5.45%). Across the 22 metrics below, CareTrust REIT, Inc. leads on 14 and Healthpeak Properties, Inc. on 8.

Valuation

Metric CTRE DOC Reit Healthcare Facilities median
P/E 23.53 58.03 23.53
P/S 15.30 4.75 5.39
P/B 1.94 1.48 1.88
Price to free cash flow n/m n/m 17.82
EV/EBITDA 19.77 15.07 15.62
EV/Sales 17.33 7.57 8.52
Earnings yield 4.25% 1.72% 2.66%
Free cash flow yield (6.21%) (0.14%) 3.37%

Profitability

Metric CTRE DOC Reit Healthcare Facilities median
Gross margin 98.39% 58.07% 92.10%
Operating margin 65.76% 16.49% 21.06%
Net margin 62.08% 8.23% 10.19%
Free cash flow margin (95.01%) (0.66%) 7.91%
Return on equity 9.09% 2.69% 4.06%
Return on assets 6.70% 1.17% 2.10%
Return on invested capital 4.15% 1.71% 1.96%

Growth

Metric CTRE DOC Reit Healthcare Facilities median
Revenue growth (TTM) 53.03% 5.52% 15.71%
EPS growth (last fiscal year) 93.83% (72.22%) —
Revenue growth, 5-year CAGR 21.72% 11.40% 9.60%
Net income growth, 5-year CAGR 31.65% (29.72%) 0.00%

Health

Metric CTRE DOC Reit Healthcare Facilities median
Debt to equity 0.27 1.06 0.84
Current ratio 0.57 3.02 3.05
Net debt to EBITDA 1.66 6.32 5.50

Dividend

Metric CTRE DOC Reit Healthcare Facilities median
Dividend yield 5.45% 6.75% 7.11%
Payout ratio 3.17 1.22 2.85

Size

Metric CTRE DOC Reit Healthcare Facilities median
Market cap 8.82b 14.40b 4.18b

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