# CareTrust REIT, Inc (CTRE) — Stock CV

CareTrust REIT, Inc is a $8.51B real estate company. Revenue grew 53.0% over the last year, and it keeps 62¢ of every dollar of sales as profit. It trades at 24.0× earnings — near the lowest of its own history.

> CareTrust REIT Inc is a self-administered, publicly traded REIT engaged in the ownership, acquisition, financing, development, and leasing of skilled nursing, seniors housing, and other healthcare-related properties.

## Identity

- **Ticker**: CTRE
- **Sector**: Real Estate
- **Industry**: Real Estate Investment Trusts
- **Headquarters**: DANA POINT, CA
- **Employees**: 43
- **Website**: https://www.caretrustreit.com
- **Market cap**: $8.51B
- **Last price**: $36.03
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $571M
- **Net income**: $355M
- **Free cash flow**: $447M
- **P/E**: 24.0
- **Revenue growth (YoY)**: 53.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 62 |
| Growth | 75 |
| Profitability | 74 |
| Health | 28 |
| Quality | 35 |
| Moat | 68 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +53.0% YoY
- [x] Profitable — $355M TTM
- [x] Profit growing — +13.1% YoY
- [x] Generates cash — $447M TTM
- [ ] Debt under control — current ratio 0.31
- [x] Established company — $8.51B market cap
- [ ] Not printing shares — +114.4% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [ ] Financially stable — Altman Z 0.1 — distress
- [x] Pays a dividend — yield 3.58%
- [x] Valuation not extreme — P/E 24.0

## Experience (career milestones)

- **FY2025** — Best year on record: $321M net income
- **FY2016** — First recorded profitable year: $29.4M net income
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- High gross margin (98.8%)
- Strongly profitable — 62.2% net margin
- Revenue growing 53.0% year over year
- Strong cash conversion — FCF is 78.2% of revenue
- Interest covered 14.6× by operating earnings

## Watch-outs

- Altman Z-Score 0.05 — elevated financial-distress risk
- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $192M | $72.0M | $157M |
| FY2022 | $196M | -$7.51M | $144M |
| FY2023 | $218M | $53.7M | $155M |
| FY2024 | $296M | $125M | $244M |
| FY2025 | $476M | $321M | $394M |

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Source: https://stockcv.com/CTRE — derived from company filings; may be delayed or incomplete. Information, not investment advice.