CareTrust REIT, Inc. (CTRE) vs LTC Properties, Inc. (LTC)

CareTrust REIT, Inc. and LTC Properties, Inc. are both Reit Healthcare Facilities companies. CareTrust REIT, Inc. is the larger, with a market value of $8.5B against $2.3B — 3.7× the size. LTC Properties, Inc. trades at the lower P/E: 15.5× against 22.7×. LTC Properties, Inc. grew revenue faster over the last twelve months: 59.8% against 53.0%. CareTrust REIT, Inc. has the higher net margin (62.1% vs 38.7%) and the lower return on invested capital (4.15% vs 4.16%). Both pay a dividend; LTC Properties, Inc. yields more (6.71% vs 4.18%). Across the 22 metrics below, LTC Properties, Inc. leads on 13 and CareTrust REIT, Inc. on 9.

Valuation

Metric CTRE LTC Reit Healthcare Facilities median
P/E 22.66 15.50 22.66
P/S 14.74 6.33 5.18
P/B 1.87 1.64 1.80
Price to free cash flow n/m n/m 17.10
EV/EBITDA 19.13 15.88 15.38
EV/Sales 16.76 8.45 8.25
Earnings yield 4.41% 6.45% 2.78%
Free cash flow yield (6.45%) (15.15%) 3.52%

Profitability

Metric CTRE LTC Reit Healthcare Facilities median
Gross margin 98.39% 100.00% 92.10%
Operating margin 65.76% 39.78% 21.06%
Net margin 62.08% 38.73% 10.19%
Free cash flow margin (95.01%) (95.93%) 7.91%
Return on equity 9.09% 11.29% 4.06%
Return on assets 6.70% 6.78% 2.10%
Return on invested capital 4.15% 4.16% 1.96%

Growth

Metric CTRE LTC Reit Healthcare Facilities median
Revenue growth (TTM) 53.03% 59.83% 15.71%
EPS growth (last fiscal year) 93.83% 23.53% 23.38%
Revenue growth, 5-year CAGR 21.72% 10.53% 9.60%
Net income growth, 5-year CAGR 31.65% 4.33% 0.00%

Health

Metric CTRE LTC Reit Healthcare Facilities median
Debt to equity 0.27 0.58 0.84
Current ratio 0.57 8.60 3.05
Net debt to EBITDA 1.66 5.26 5.50

Dividend

Metric CTRE LTC Reit Healthcare Facilities median
Dividend yield 4.18% 6.71% 5.71%
Payout ratio 0.95 1.05 1.41

Size

Metric CTRE LTC Reit Healthcare Facilities median
Market cap 8.46b 2.27b 3.99b

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