| Market Capitalization (Millions $) |
8,736 |
| Shares
Outstanding (Millions) |
224 |
| Employees |
43 |
| Revenues (TTM) (Millions $) |
523 |
| Net Income (TTM) (Millions $) |
335 |
| Cash Flow (TTM) (Millions $) |
-409 |
| Capital Exp. (TTM) (Millions $) |
1,474 |
Business Description
Caretrust REIT Inc is a publicly traded real estate investment trust (REIT) that focuses on investing in senior housing and healthcare properties across the United States. The company was founded in 2014 and is headquartered in San Clemente, California.
The company's primary investment strategy is to acquire, develop and manage senior care and health care properties. Caretrust REIT Inc owns a diversified portfolio of over 200 properties, including assisted living facilities, senior housing communities, skilled nursing facilities, independent living facilities, and medical office buildings. These properties are spread across 27 states in the United States, and the company has a market capitalization of approximately $3 billion as of 2021.
Caretrust REIT Inc's business model is based on acquiring high-quality healthcare properties and leasing them to experienced operators, who are responsible for managing the facilities. This allows the company to generate steady and predictable rental income, while reducing its exposure to operational risks. The company also invests in its properties through capital investments and renovations to maintain the quality of its portfolio and attract high-quality tenants.
The company is focused on building long-term relationships with its tenants, and it aims to work with operators that have a strong reputation in the senior housing and healthcare industry. By partnering with experienced operators, Caretrust REIT Inc minimizes the risks associated with property management, while maximizing the potential for long-term growth and profitability.
Caretrust REIT Inc has consistently delivered strong financial results, with steady revenue growth and consistent dividends to its shareholders. The company has a dividend yield of around 4%, which is higher than the industry average, making it an attractive investment opportunity for income-seeking investors.
Overall, Caretrust REIT Inc is a well-managed healthcare real estate company that offers investors exposure to a growing market niche. With a diversified portfolio of high-quality properties, experienced tenants, and a reliable income stream, the company is well-positioned to deliver long-term growth and value to its shareholders.
Company Address: 24901 Dana Point Harbor Dr Dana Point 92629 CA
Company Phone Number: 542-3130 Stock Exchange / Ticker: NYSE CTRE
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