CTRE 📈 CareTrust REIT - Overview

CareTrust REIT operates as a real estate investment trust, focusing on the acquisition, financing, development, and ownership of properties in the healthcare sector, which are then leased to independent operators. This strategy enables the company to generate revenue through rental income, while allowing healthcare providers to focus on their core business of delivering patient care. The company's portfolio is diverse, comprising skilled nursing facilities, multi-service campuses, assisted living facilities, and independent living facilities, which provides a stable source of income and helps to mitigate risks.

As of March 31, 2024, CareTrust REIT's portfolio consisted of 228 properties, including skilled nursing facilities, assisted living facilities, and independent living facilities, with a total of 24,189 operational beds and units across 29 states. The company's properties are strategically located, with a significant concentration in California and Texas, which are major healthcare hubs. This geographic diversification helps to reduce dependence on any one market and provides a balanced revenue stream. The company's properties are leased to independent operators, who are responsible for the day-to-day management of the facilities, allowing CareTrust REIT to focus on its core business of real estate investment and management.

In addition to its direct property holdings, CareTrust REIT also has a range of other real estate-related investments, including preferred equity investments, real estate secured loans, and mezzanine loans. As of March 31, 2024, the company had a total of $233.3 million in carrying value for these investments, which provides an additional source of revenue and helps to further diversify the company's portfolio. These investments are carefully managed to ensure they align with the company's overall strategy and risk tolerance, and are designed to generate attractive returns while minimizing risk.

CareTrust REIT is a publicly traded company, listed on the New York Stock Exchange under the ticker symbol CTRE, and is classified as a health care REIT. The company's common stock is traded under the ISIN code US14174T1079, and is part of the GICS Sub Industry category for Health Care REITs. For more information about the company, investors can visit its website at https://www.caretrustreit.com, which provides detailed information on its portfolio, financial performance, and corporate governance.