Trade CareTrust REIT Inc - CTRE CFD

Caretrust Inc Company profile

About Caretrust REIT Inc

CareTrust REIT, Inc. is a self-administered, self-managed real estate investment trust (REIT). The Company is primarily engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company’s real estate portfolio consists of skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs). SNFs are licensed healthcare facilities that provide restorative, rehabilitative and nursing care for people. ALFs have licensed healthcare facilities that provide personal care services, support and housing for those who need help with activities of daily living, such as bathing, eating and dressing and medical care. ILFs, also known as retirement communities or senior apartments. ILF consists of entirely self-contained apartments, complete with their own kitchens, baths and individual living spaces, as well as parking.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Caretrust REIT Inc revenues increased 8% to $192.4M. Net income applicable to common stockholders decreased 11% to $71.5M. Revenues reflect Rental income increase of 10% to $190.2M. Net income was offset by General and administrative increase of 65% to $26.9M (expense), Depreciation and amortization increase of 5% to $55.3M (expense).