CareTrust REIT, Inc. Overview
Pro stress-test →CareTrust REIT is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, senior housing and other healthcare-related properties. As of September 30, 2025, the company has expanded its tenant roster to 38 operators, and has grown its real estate portfolio to 390 net-leased healthcare properties across 31 states and the United Kingdom, consisting of 35,687 operating beds/units.
Strategic Profile
Pro stress-test →The company generates revenue primarily through long-term triple-net lease agreements, a model that provides predictable income streams and reduces volatility by transferring significant operating expenses to the tenant. CareTrust is a healthcare REIT built by operators, for operators, and draws on more than 60 years of hands-on operating experience to thoughtfully vet providers and align them with the right opportunities. The company is shifting from a relatively simple triple net landlord model toward a more complex, multi-platform healthcare REIT, with recent entries into UK care homes and first seniors housing operating (SHOP) platform deal.
Competitive Landscape
Pro stress-test →CareTrust competes in the healthcare REIT space alongside Welltower (WELL), Ventas (VTR), Omega Healthcare Investors (OHI), and National Health Investors (NHI). Its edge comes from a diversified tenant base of 38 operators, net-lease model, and disciplined acquisition strategy focused on high-quality assets with countercyclical demand.
Industry Context
CareTrust REIT, Inc. operates in Healthcare Real Estate Investment Trust (REIT).
Key facts
Founded: 2014 · Headquarters: Dana Point, California · Revenue: $228.3B (2024) · Market cap: N/A