CareTrust REIT acquires, finances, develops, and owns real property to be leased to healthcare tenants. As of March 31, 2024, the Company owned or co-owned 228 facilities with 24,189 operational beds and units across 29 states. The majority are skilled nursing facilities, assisted living facilities, and independent living facilities. The highest concentration is in California and Texas. The Company also has other real estate investments, including a preferred equity investment and various loans receivable. As of March 31, 2024, these investments had a carrying value of $233.3 million.
| Indicator | Value |
|---|---|
| PER | 43.5 |
| EV/EBITDA | 23.0 |
| Price/Free Cash Flow' | 23.0 |
| ROIC | 7.2% |
| Net Debt/EBITDA | 1.2 |