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REITs · Real Estate · Fiscal year ends Dec 31
CareTrust REIT reported revenue of $1M in the fiscal year ended Dec 2025. Operating income was −$205M, an operating margin of −16753.6%, and net income was $321M. Net debt was $696M.
Ranks among the 75 reits companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 1.2 |
| Cost of revenue | 0.0 | – | – | – | – |
| Gross profit | 0.0 | – | – | – | – |
| Operating incomederived: pre-tax income + interest | −109 | −193 | −160 | −178 | −205 |
| Interest expense | 23.7 | 30.0 | 40.9 | 30.3 | 43.7 |
| Pre-tax income | – | – | 53.7 | 124 | 325 |
| Income tax | – | – | 0.0 | 0.0 | 5.0 |
| Net income | 72.0 | −7.5 | 53.7 | 125 | 321 |
| Diluted EPS | 0.74 | −0.08 | 0.50 | 0.80 | 1.57 |
| Diluted shares | 96.1 | 96.7 | 106 | 155 | 204 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 19.9 | 13.2 | 294 | 214 | 198 |
| Total assets | 1,641 | 1,621 | 2,085 | 3,437 | 5,148 |
| Long-term debt | 673 | 719 | 596 | 397 | 894 |
| Total liabilities | 725 | 771 | 666 | 508 | 1,089 |
| Shareholders' equity | 916 | 849 | 1,417 | 2,908 | 4,035 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 157 | 144 | 155 | 244 | 394 |
| Depreciation & amortisation | 55.4 | 50.3 | 51.2 | 56.8 | 92.9 |
| Stock-based compensation | 10.8 | 5.8 | 5.2 | 6.1 | 11.9 |
| Dividends paid | 101 | 106 | 115 | 172 | 259 |
| Dividend per share | 1.06 | 1.10 | 1.12 | 1.16 | 1.34 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| EPS growth (YoY) | – | −110.8% | – | 60.0% | 96.3% |
| Operating margin | – | – | – | – | −16753.6% |
| Net margin | – | – | – | – | 26166.4% |
| Return on equityBlank when equity is negative | 7.9% | −0.9% | 3.8% | 4.3% | 7.9% |
| Cash conversion (CFO ÷ net income) | 2.18x | −19.2x | 2.88x | 1.95x | 1.23x |
| Interest cover | −4.62x | −6.42x | −3.91x | −5.87x | −4.70x |
| Debt ÷ equity | 0.74x | 0.85x | 0.42x | 0.14x | 0.22x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 654 | 706 | 301 | 183 | 696 |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.