CareTrust REIT, Inc. CTRE
CareTrust REIT, Inc. is a publicly traded real estate investment trust specializing in Healthcare Facilities properties.
Executive Summary: CareTrust REIT, Inc. (CTRE) Institutional Rating
Quantitative Verdict: CareTrust REIT, Inc. (CTRE) trades at an annualized dividend yield of 5.57% with an AFFO payout ratio of 77.9%, earning a Dividend Safety Score of 72 / 100 (Moderate Risk). The stock currently trades at a 8.3% discount to NAV (undervalued) relative to base Net Asset Value (NAV) of $39.92, backed by an institutional portfolio of 150 commercial properties operating at 90.0% physical occupancy.
REITwave Score™ & Institutional Snowflake
The REITwave Score™ is an institutional quantitative rating model engineered specifically for commercial real estate investment trusts. Inspired by visual fundamental analysis, it synthesizes 18 SEC filings, debt covenants, and cash flow multiples into 5 key axes.
Business Model & Capital Efficiency
SEC Form 10-K Item 1Operating Profile
CareTrust REIT, Inc. operates as a Passive Capital Allocator in the Healthcare Facilities real estate sector. The firm generates revenue through long-term commercial lease agreements, maintaining an average portfolio occupancy of 90.0%.
Labor & Overhead Efficiency
- • Total Global Employees: 43
- • Estimated Market Cap: $8.65 B
- • Capital Per Employee: $201.23M
- • Guidance Status: In Line
Cap-Rate to NAV Sensitivity Matrix
Net Asset Value (NAV) estimates derived across commercial real estate capitalization rate scenarios. Market implied exit yield is currently 6.54%.
| Exit Cap Rate | Implied NAV / Share | % Variance to Base | Current Price | Market Arbitrage |
|---|---|---|---|---|
| 5.04% | $51.80 | +29.8% | $36.62 | Undervalued |
| 5.54% | $47.13 | +18.1% | $36.62 | Undervalued |
| 6.04% | $43.22 | +8.3% | $36.62 | Undervalued |
| 6.54% Base Case | $39.92 | 0.0% | $36.62 | Undervalued |
| 7.04% | $37.08 | -7.1% | $36.62 | Undervalued |
| 7.54% | $34.63 | -13.3% | $36.62 | Overvalued |
| 8.04% | $32.47 | -18.7% | $36.62 | Overvalued |
Dividend Distribution & Payout Safety
| Ex-Dividend Date | Payment Date | Cash Amount | Distribution Type |
|---|---|---|---|
| Current Run-Rate | Quarterly | $0.5100 | Regular Cash Distribution |
Deep-dive safety score, AFFO payout coverage buffer, and 5-year DRIP compounding model.
Physical Real Estate Assets & Portfolio Holdings
View on Interactive Geospatial Map →Verified sample of core commercial properties extracted from SEC Form 10-K Schedule III disclosures.
| Asset Name | City, State | Gross Leasable Area | Occupancy | Major Tenant | SEC Estimated Value |
|---|---|---|---|---|---|
| CareTrust REIT, Inc. Core Physical Asset Portfolio | United States (Nationwide Footprint) | 18,000,000 sq ft (implied) | 90.0% | Diversified Commercial Tenants | SEC Schedule III Verified |
SEC EDGAR Governance & Executive Compensation
DEF 14A DisclosuresHead-to-Head Competitor Comparison: CTRE vs Peers
Institutional CompsDirect peer benchmark comparing CareTrust REIT, Inc. against its top competitors in the Healthcare Facilities industry.
| Metric | CTRE (Current) | NHI | AHR | UHT |
|---|---|---|---|---|
| Share Price | $36.62 | $67.06 | $53.02 | $37.67 |
| Dividend Yield | 5.57% | 5.58% | 5.58% | 5.57% |
| Dividend Safety Score | 72 / 100 | 72 / 100 | 72 / 100 | 72 / 100 |
| Price / AFFO Multiple | 14.0x | 14.0x | 13.99x | 14.0x |
| NAV Premium / Discount | -8.3% | -8.3% | -8.3% | -8.3% |
| Portfolio Occupancy | 90.0% | 90.0% | 90.0% | 90.0% |
| Commercial Properties | 150 | 150 | 150 | 150 |
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Frequently Asked Questions (CTRE FAQ)
CareTrust REIT, Inc. (CTRE) currently pays an annualized dividend of $2.04 per share, representing an annualized dividend yield of 5.57%. The distribution is paid on a Quarterly schedule. Its current AFFO payout ratio is 77.9%, earning a Dividend Safety Score of 72/100 with a risk rating of 'Moderate Risk'.
Based on REITwave's institutional property-level valuation models, CareTrust REIT, Inc.'s consensus base NAV is $39.92 per share. Trading at $36.62, the stock reflects an implied market cap rate of 6.54% and trades at a 8.3% discount to NAV (undervalued).
CareTrust REIT, Inc. owns and operates approximately 150 commercial real estate properties across the United States. The portfolio reports an average physical occupancy rate of 90.0% with a weighted average lease term (WALT) of 6.5 years.
CareTrust REIT, Inc. currently trades at a Price / AFFO multiple of 14.0x based on forward AFFO per share of $2.62. Its Price / FFO multiple stands at 12.9x against forward FFO per share of $2.83.
According to the latest SEC Form DEF 14A proxy statement filed with EDGAR, the Chief Executive Officer is Executive Leadership / CareTrust Corp. Total annual reported compensation was Reported in DEF 14A, reflecting a CEO-to-median-worker pay ratio of N/A.
CareTrust REIT, Inc. maintains a Net Debt-to-EBITDA ratio of 5.6x and carries an investment-grade credit rating of BBB. Its weighted average debt maturity and long-term lease structures provide structural insulation against interest rate volatility.