(CTRE) CareTrust REIT - Ratings and Ratios

CareTrust REIT Inc. (NYSE:CTRE) operates at the intersection of healthcare and real estate, focusing on acquiring, financing, and owning properties leased to healthcare operators. As of March 31, 2024, the companys portfolio spans 228 properties across 29 states, including skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs), and independent living facilities (ILFs), totaling 24,189 operational beds and units. California and Texas dominate its rental income, reflecting strategic geographic concentration.

Beyond its core real estate holdings, CareTrust diversifies its investments through other vehicles. This includes a preferred equity investment, nine real estate secured loans, and four mezzanine loans, collectively valued at $233.3 million. These positions not only enhance revenue streams but also demonstrate the companys ability to navigate the healthcare real estate ecosystem.

From a financial standpoint, CareTrust REIT is sizable, with a market capitalization of $4.94 billion. Its P/E ratio stands at 36.12, with a forward P/E of 12.97, indicating expectations of future growth. The price-to-book (P/B) ratio of 2.07 suggests the market values its assets above book value, while a price-to-sales (P/S) ratio of 18.36 highlights its premium valuation relative to revenue.