CareTrust REIT, Inc.
Key Metrics
Market Snapshot
About
CareTrust REIT, Inc. is a self-administered real estate investment trust investing in healthcare-related properties throughout the United States. The REIT owns skilled nursing facilities, assisted living facilities, independent living facilities, and other seniors housing and healthcare properties leased primarily to single operators under long-term triple-net leases. CareTrust generates revenues from rental income from healthcare operators leasing its properties. The company was spun off from The Ensign Group in 2014 to separate property ownership from healthcare operations. Headquartered in San Clemente, California, CareTrust has grown through property acquisitions, developments, and strategic relationships with healthcare operators. The REIT benefits from demographic trends supporting seniors housing demand, triple-net lease structures minimizing landlord responsibilities, and geographic diversification. CareTrust faces risks from tenant financial health, skilled nursing reimbursement pressures, regulatory changes affecting healthcare operators, and competition for acquisitions. The company emphasizes prudent underwriting, tenant relationships, and portfolio management. CareTrust continues to focus on acquisitions, relationship-based growth, portfolio quality, and delivering consistent dividend growth and total returns to shareholders through healthcare real estate investments.