# CareTrust REIT, Inc.

Summary updated: 2026-10-02T15:50:35.986008Z
Canonical: https://finbar.com/research/companies/caretrust-reit-inc

## Overview

CareTrust REIT, Inc. is a publicly traded healthcare real estate investment trust that owns, acquires, finances, develops and leases healthcare properties. Its portfolio is focused on skilled-nursing facilities, senior-housing communities and other healthcare-related real estate; tenant and operator companies provide the care and services at those properties. [1](https://investor.caretrustreit.com/overview/default.aspx)

The company’s footprint spans the United States and United Kingdom. As of June 30, 2026, it reported 628 properties with 58,775 beds and units. [2](https://www.caretrustreit.com/what-we-do) Its reported total revenue was $304.1 million for the six months ended June 30, 2026. [3](https://app.finbar.com/go?id=P150156658)

CareTrust describes its mission as helping healthcare operators grow while delivering value to shareholders. It began operating independently following a tax-free spin-off from The Ensign Group on June 1, 2014. [2](https://www.caretrustreit.com/what-we-do) [4](https://investor.caretrustreit.com/news/news-details/2015/CareTrust-REIT-Inc--Announces-2014-Operating-Results-Issues-2015-Guidance/default.aspx)
[3](https://app.finbar.com/go?id=P150156658)[1](https://investor.caretrustreit.com/overview/default.aspx)[2](https://www.caretrustreit.com/what-we-do)[4](https://investor.caretrustreit.com/news/news-details/2015/CareTrust-REIT-Inc--Announces-2014-Operating-Results-Issues-2015-Guidance/default.aspx)

## Products & services

CareTrust REIT’s offerings are healthcare real estate and real-estate-related financing; care itself is generally delivered by the property operators. Its property types include skilled nursing facilities, which can support rehabilitation, physical, occupational, speech and respiratory therapies, wound care and IV treatment; senior-housing communities offering assisted living, independent living and memory care; and UK care homes providing personal care, with nursing homes additionally offering 24-hour on-site nursing for residents with more complex needs. [5](https://app.finbar.com/go?id=P777557)[6](https://app.finbar.com/go?id=P67171576)[7](https://app.finbar.com/go?id=P36411814) As of June 30, 2026, the company reported 391 skilled-nursing triple-net properties, 224 seniors-housing triple-net properties and four seniors-housing operating properties. [2](https://www.caretrustreit.com/what-we-do)

CareTrust also provides real-estate-related financing, including mortgage-secured and mezzanine loans. Its Q2 2026 disclosure reported weighted-average contractual rates of 8.9% for mortgage loans and 11.7% for mezzanine loans. [8](https://app.finbar.com/go?id=T17186117) In FY2025, rental income was approximately 77.3% of total revenue; financing-receivable interest was 2.4%, resident fees and services 0.3%, and interest from other real-estate-related investments and other income 20.0%. These are revenue-stream shares, not measures of the share of care services provided. [9](https://app.finbar.com/go?id=T12227983)
[5](https://app.finbar.com/go?id=P777557)[6](https://app.finbar.com/go?id=P67171576)[7](https://app.finbar.com/go?id=P36411814)[8](https://app.finbar.com/go?id=T17186117)[8](https://app.finbar.com/go?id=T17186117)[9](https://app.finbar.com/go?id=T12227983)[9](https://app.finbar.com/go?id=T12227983)[9](https://app.finbar.com/go?id=T12227983)[9](https://app.finbar.com/go?id=T12227983)[2](https://www.caretrustreit.com/what-we-do)

## Geographic presence

CareTrust REIT’s investment portfolio spans 34 U.S. states and the United Kingdom. At December 31, 2025, California and the U.K. were its largest geographic concentrations by annualized revenue, while no single state accounted for more than 19% of annualized run-rate revenue. [10](https://app.finbar.com/go?id=P5286357) The company also identifies Texas and Tennessee among its geographic concentrations. [11](https://app.finbar.com/go?id=P28379401)

The company’s principal executive offices are in Dana Point, California. [12](https://app.finbar.com/go?id=T17186096) Its filings do not provide a state-by-state revenue breakdown or employee distribution by location.
[10](https://app.finbar.com/go?id=P5286357)[11](https://app.finbar.com/go?id=P28379401)[12](https://app.finbar.com/go?id=T17186096)

## Business segments

CareTrust REIT reports one operating and reportable segment: investments in healthcare-related real estate assets. Its portfolio includes skilled nursing, seniors housing and other healthcare-related properties, but these are property types rather than separately reported business segments. The company operates across the United States and the United Kingdom, which are not reported as separate segments. [13](https://app.finbar.com/go?id=P65841102)[14](https://app.finbar.com/go?id=P23724177)[15](https://app.finbar.com/go?id=P32919793)[16](https://app.finbar.com/go?id=P28435617)

Because this is the company’s sole reported segment, it represents 100% of consolidated results. In the first quarter of 2026, consolidated revenue was approximately $142.8 million and net income was $79.5 million; consolidated assets were approximately $5.24 billion at March 31, 2026. These figures are company-wide measures, not allocations among subsegments. [17](https://app.finbar.com/go?id=T5316786)[17](https://app.finbar.com/go?id=T5316786)[18](https://app.finbar.com/go?id=T2360303)[14](https://app.finbar.com/go?id=P23724177)
[13](https://app.finbar.com/go?id=P65841102)[14](https://app.finbar.com/go?id=P23724177)[15](https://app.finbar.com/go?id=P32919793)[16](https://app.finbar.com/go?id=P28435617)[17](https://app.finbar.com/go?id=T5316786)[17](https://app.finbar.com/go?id=T5316786)[18](https://app.finbar.com/go?id=T2360303)[14](https://app.finbar.com/go?id=P23724177)[19](https://www.sec.gov/Archives/edgar/data/1590717/000162828026032118/ctre-20260331.htm)[20](https://www.sec.gov/Archives/edgar/data/1590717/000162828026007664/ctre-20251231.htm)[21](https://investor.caretrustreit.com/news/news-details/2026/CareTrust-REIT-Announces-First-Quarter-2026-Operating-Results-Increases-2026-Guidance/default.aspx)

## Company history

CareTrust REIT was formed as a wholly owned subsidiary of The Ensign Group in October 2013. On June 1, 2014, Ensign spun off its real-estate business, distributing CareTrust shares to Ensign shareholders; CareTrust began as a public company with substantially all of Ensign’s previously owned real estate. By the end of 2015, its portfolio included 122 properties, most of them leased to Ensign or affiliated operators. [22](https://app.finbar.com/go?id=P190779969)[23](https://app.finbar.com/go?id=P190779939)

In 2019, CareTrust made more than $340 million in new investments and reviewed its portfolio, re-tenanting some facilities and selling others. That year, following Ensign’s spin-off of The Pennant Group, CareTrust amended its Ensign leases and entered a new triple-net master lease with Pennant subsidiaries. [24](https://app.finbar.com/go?id=P5590131)[25](https://app.finbar.com/go?id=P79701355) In 2021, the company announced that President David M. Sedgwick would succeed Gregory K. Stapley as CEO, effective January 1, 2022. [26](https://app.finbar.com/go?id=P106991880)[27](https://app.finbar.com/go?id=P83622151)

CareTrust marked its tenth year in 2024 after completing just over $1.5 billion in new investments that year. In May 2025, it completed its acquisition of UK-listed Care REIT plc, its first M&A transaction, entering the UK market and adding 134 properties. [28](https://app.finbar.com/go?id=P47417714)[29](https://app.finbar.com/go?id=P98049880)[30](https://investor.caretrustreit.com/news/news-details/2025/CareTrust-REIT-Closes-Acquisition-of-Care-REIT-plc-Enters-UK-Market/default.aspx)
[22](https://app.finbar.com/go?id=P190779969)[23](https://app.finbar.com/go?id=P190779939)[24](https://app.finbar.com/go?id=P5590131)[25](https://app.finbar.com/go?id=P79701355)[26](https://app.finbar.com/go?id=P106991880)[27](https://app.finbar.com/go?id=P83622151)[28](https://app.finbar.com/go?id=P47417714)[29](https://app.finbar.com/go?id=P98049880)[30](https://investor.caretrustreit.com/news/news-details/2025/CareTrust-REIT-Closes-Acquisition-of-Care-REIT-plc-Enters-UK-Market/default.aspx)

## Sources

1. [investor.caretrustreit.com](https://investor.caretrustreit.com/overview/default.aspx)
2. [www.caretrustreit.com](https://www.caretrustreit.com/what-we-do)
3. [CareTrust REIT, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P150156658)
4. [investor.caretrustreit.com](https://investor.caretrustreit.com/news/news-details/2015/CareTrust-REIT-Inc--Announces-2014-Operating-Results-Issues-2015-Guidance/default.aspx)
5. [CareTrust REIT, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P777557)
6. [CareTrust REIT, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P67171576)
7. [CareTrust REIT, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P36411814)
8. [CareTrust REIT, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T17186117)
9. [CareTrust REIT, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T12227983)
10. [CareTrust REIT, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P5286357)
11. [CareTrust REIT, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P28379401)
12. [CareTrust REIT, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T17186096)
13. [CareTrust REIT, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P65841102)
14. [CareTrust REIT, Inc. — Full financial report (2026 Q 1)](https://app.finbar.com/go?id=P23724177)
15. [CareTrust REIT, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P32919793)
16. [CareTrust REIT, Inc. — Press release (2026 Q 1)](https://app.finbar.com/go?id=P28435617)
17. [CareTrust REIT, Inc. — Full financial report (2026 Q 1)](https://app.finbar.com/go?id=T5316786)
18. [CareTrust REIT, Inc. — Full financial report (2026 Q 1)](https://app.finbar.com/go?id=T2360303)
19. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1590717/000162828026032118/ctre-20260331.htm)
20. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1590717/000162828026007664/ctre-20251231.htm)
21. [investor.caretrustreit.com](https://investor.caretrustreit.com/news/news-details/2026/CareTrust-REIT-Announces-First-Quarter-2026-Operating-Results-Increases-2026-Guidance/default.aspx)
22. [CareTrust REIT, Inc. — Full financial report (2015 Y)](https://app.finbar.com/go?id=P190779969)
23. [CareTrust REIT, Inc. — Full financial report (2015 Y)](https://app.finbar.com/go?id=P190779939)
24. [CareTrust REIT, Inc. — Transcript (2019 Y)](https://app.finbar.com/go?id=P5590131)
25. [CareTrust REIT, Inc. — Full financial report (2021 Y)](https://app.finbar.com/go?id=P79701355)
26. [CareTrust REIT, Inc. — Transcript (2021 Y)](https://app.finbar.com/go?id=P106991880)
27. [CareTrust REIT, Inc. — Full financial report (2021 Y)](https://app.finbar.com/go?id=P83622151)
28. [CareTrust REIT, Inc. — Transcript (2024 Y)](https://app.finbar.com/go?id=P47417714)
29. [CareTrust REIT, Inc. — Transcript (2025 Q 1)](https://app.finbar.com/go?id=P98049880)
30. [investor.caretrustreit.com](https://investor.caretrustreit.com/news/news-details/2025/CareTrust-REIT-Closes-Acquisition-of-Care-REIT-plc-Enters-UK-Market/default.aspx)

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