CareTrust REIT Inc (NYSE: CTRE) is a real estate investment trust that owns and leases healthcare properties, primarily skilled nursing facilities and senior housing assets. It makes money by collecting rent from third-party operators under long-term triple-net and other lease structures, and by originating and holding real estate-related loans that generate interest income. The 10-K filed 2026-02-12 confirms CTRE operates as a REIT, meaning it distributes the substantial majority of taxable income to shareholders as dividends. The portfolio is concentrated in post-acute and seniors housing property types, with tenant operators bearing most property-level operating costs under triple-net arrangements. CTRE is externally positioned among healthcare REITs alongside peers such as Omega Healthcare Investors and Sabra Health Care REIT, competing for acquisition opportunities in the skilled nursing and senior housing segments across the United States.

Revenue model

Triple-net and other lease rental income from healthcare facility operators, supplemented by interest income on real estate loans and other debt investments.

Products and services

Ownership and net-leasing of skilled nursing facilities, senior housing properties, and other post-acute care real estate; real estate loan origination and investment.

Customers and end markets

Third-party skilled nursing and senior housing operators who lease CareTrust properties; end markets are post-acute care and seniors housing.

Value-chain role

Property owner and capital provider (landlord and lender) to healthcare facility operators; does not operate the underlying care facilities directly.

Geographic exposure

United States; specific state or regional breakdown not supported by the provided filing excerpts.

Competitors

Omega Healthcare Investors, Sabra Health Care REIT

Source: SEC 10-K, filed 2026-02-12

Industry: Real Estate Investment Trusts Peers: Community Healthcare Trust Inc Chiron Real Estate Inc Welltower Inc LTC Properties Inc Medical Properties Trust Inc National Health Investors Inc Physicians Realty Trust Omega Healthcare Investors, Inc Sabra Health Care REIT Inc Universal Health Realty Income Trust