CareTrust REIT
Triple-net owner and financier of skilled nursing, senior housing, and UK care-home properties.
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Profile
Owns and finances skilled nursing facilities, senior housing communities, and care homes across the United States and United Kingdom. Revenue comes mainly from triple-net rent, with interest from real-estate loans and resident fees from a newer senior housing operating platform; cash flow depends on healthcare operators and borrowers.
Owns and finances skilled nursing facilities, senior housing communities, and other healthcare properties across the United States and United Kingdom. Most properties are leased to independent operators under long-term triple-net agreements; mortgage, mezzanine, and preferred-equity investments add interest income.
Combines healthcare operating experience with real-estate underwriting to source acquisitions and financing. The Care REIT acquisition established a UK care-home platform, while a newer senior housing operating platform adds resident-fee exposure through communities run by third-party managers.
Cash flows depend on tenant and borrower performance, while skilled nursing operators rely on Medicare and Medicaid reimbursement and operate under licensing, staffing, and other healthcare rules. Triple-net tenants control daily operations and generally bear property taxes, insurance, utilities, and maintenance.
Company facts
Key statistics
Year to date +7.5% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | RBC Capital | Downgrade | Outperform | Sector Perform | $44 | $43 |
| Aug 10, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $42 | $43 | |
| Jun 16, 2026 | Raymond James | Target | $39 | $43 | ||
| Jun 15, 2026 | BMO Capital | Reiterate | Outperform | $43 | $47 | |
| May 29, 2026 | KeyBanc | Target | $40 | $46 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.38 | $0.38 | −1.0% | $122.2M | $118.2M | −3.3% | +0.22% |
| May 7, 2026Q1 FY26 | $0.39 | $0.48 | +22.3% | $112.8M | $114.2M | +1.2% | +5.32% |
| Feb 12, 2026Q4 FY25 | $0.39 | $0.47 | +20.5% | $110.7M | $106.3M | −4.0% | −0.32% |
| Nov 5, 2025Q3 FY25 | $0.47 | $0.45 | −4.3% | $130.5M | $104.3M | −20.1% | −1.22% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $71.6M | $86.0M | $104.3M | $135.1M | $142.8M | $161.3M | |
| Gross profit | $69.5M | $83.0M | $101.7M | $79.6M | $81.2M | $161.3M | |
| Operating income | $42.6M | $49.2M | $59.5M | $86.6M | $93.0M | $139.7M | |
| Net income | $65.8M | $68.5M | $74.9M | $111.3M | $80.2M | $89.0M | |
| Diluted EPS | $0.35 | $0.35 | $0.35 | $0.52 | $0.36 | $0.38 | |
| Gross margin | 97.0% | 96.4% | 97.5% | 58.9% | 56.9% | 100.0% | |
| Operating margin | 59.5% | 57.2% | 57.1% | 64.1% | 65.1% | 86.6% |
Fiscal years (4-quarter sums)FY21 $190.2M · FY22 $187.5M · FY23 $198.6M · FY24 $228.3M · FY25 $397.0M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $49.3M · Total debt $1.21B · Total assets $5.93B · Shareholders' equity $4.49B
Dividends
Raised for 10 straight years — most recently to $0.39 from $0.335 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.39 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.39 | raised from $0.335 |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.335 | |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.335 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $0.335 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $0.335 | raised from $0.29 |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.29 | |
| Sep 30, 2024 | Sep 30 | Oct 15 | $0.29 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 236.24M · Float 234.30M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 40.73M | 17.24% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 20.89M | 8.84% | 13F | Aug 13, 2026 |
| Cohen & Steers, Inc. | 12.75M | 5.40% | 13F | Aug 14, 2026 |
| State Street Corp | 12.45M | 5.27% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 10.64M | 4.50% | 13F | Aug 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Omega Healthcare Investors
Largest SNF-focused triple-net REIT with US and UK portfolios.
- Sabra Health Care REIT
Mid-cap SNF/seniors housing REIT pivoting toward managed SHOP model.
- Welltower
Dominant healthcare REIT; competes for SNF assets and UK care homes.
- National Health Investors
Conservative triple-net SNF and seniors housing REIT adding SHOP exposure.
- Ventas
Large diversified healthcare REIT focused on senior housing and research.
- LTC Properties
Small-cap seniors housing and SNF REIT transforming toward SHOP model.
- American Healthcare REIT
NYSE-listed REIT with SNF, seniors housing, and outpatient medical assets.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CareTrust REIT | $39.03 | 0.00% | $9.22B | 24.2 | 25.2 | 17.0 | +5.1% |
| Omega Healthcare Investors | $46.34 | +0.75% | $13.76B | 16.4 | 23.9 | 10.6 | −7.0% |
| Sabra Health Care REIT | $20.45 | −0.80% | $5.20B | 78.5 | 28.1 | 6.0 | +24.7% |
| Welltower | $238.07 | +0.02% | $171.48B | 126.0 | 87.0 | 13.6 | +40.9% |
| National Health Investors | $72.03 | 0.00% | $3.49B | 20.8 | 18.6 | 8.1 | −21.9% |
| Ventas | $91.58 | −0.25% | $44.63B | 170.0 | 130.6 | 6.9 | +21.7% |
| LTC Properties | $40.89 | +0.64% | $2.08B | 14.6 | 19.7 | 6.0 | −56.2% |
| American Healthcare REIT | $55.53 | −0.04% | $11.48B | 81.6 | 79.5 | 4.6 | +23.7% |
| Median | 78.5 | 28.1 | 6.9 | +21.7% |