CTREHIGH SIGNALFINANCIAL10-K

CareTrust REIT experienced substantial growth across all major financial metrics, with assets approaching $5.1 billion and outstanding shares increasing by approximately 19%.

The dramatic expansion in revenue, operating cash flow, and total assets suggests significant portfolio growth, likely through major acquisitions or development activities. The substantial increase in outstanding shares (from 187.7M to 223.4M) indicates the company raised equity capital to fund this expansion, which is typical for REIT growth strategies.

Comparing 2026-02-12 vs 2025-02-12View on EDGAR →
FINANCIAL ANALYSIS

CareTrust demonstrated substantial financial expansion across all key metrics, with revenue and operating cash flow both growing meaningfully year-over-year. Total assets expanded to $5.1 billion while stockholders' equity increased to $4.0 billion, indicating robust portfolio growth. Interest expense increased moderately to $43.7 million, reflecting the company's measured approach to leveraging its expanded asset base.

FINANCIAL STATEMENT CHANGES
Capital Expenditure
Cash Flow
+64.8%
$1.8M→$2.9M

Capital expenditure jumped 64.8% — major investment cycle underway; assess returns on deployment.

Operating Cash Flow
Cash Flow
+61.3%
$244.3M→$394.0M

Operating cash flow surged 61.3% — exceptional cash generation, highest quality earnings signal.

Revenue
P&L
+60.8%
$296.3M→$476.4M

Strong top-line growth of 60.8% — accelerating demand or successful expansion into new markets.

Total Assets
Balance Sheet
+49.8%
$3.4B→$5.1B

Asset base grew 49.8% — expansion through organic growth, acquisitions, or capital deployment.

Interest Expense
P&L
+44.2%
$30.3M→$43.7M

Interest expense surged 44.2% — significant debt increase or rising rates materially impacting earnings.

Stockholders Equity
Balance Sheet
+38.7%
$2.9B→$4.0B

Equity base grew 38.7% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2026-02-12
PRIOR — 2025-02-12
ADDED
As of February 11, 2026, there were 223,404,715 shares of the registrant s common stock outstanding.
You are urged to carefully review the disclosures we make concerning risks and uncertainties that may affect our business and future financial performance, including those made below under Risk Factors Summary and Risk Factors in Item 1A of this Annual Report on Form 10-K.
RISK FACTORS SUMMARY Investors should consider the risks and uncertainties described below that may affect our business and future financial performance.
These and other risks and uncertainties are more fully described in Risk Factors in Item 1A of this Annual Report on Form 10-K, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the Securities and Exchange Commission (the SEC ), including subsequent Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.
Additional risks not presently known to us or that we currently deem immaterial may also affect us.
+7 more — sign up free →
REMOVED
As of February 11, 2025, there were 187,661,893 shares of the registrant s common stock outstanding.
( PACS ) are subject to the reporting requirements of the SEC and are required to file with the SEC annual reports containing audited financial information and quarterly reports containing unaudited financial information.
As of December 31, 2024, CareTrust REIT owned, directly or in consolidated joint ventures, and leased to independent operators, 258 skilled nursing facilities ( SNFs ), multi-service campuses, assisted living facilities ( ALFs ) and independent living facilities ( ILFs ) (including facilities classified as held for sale) consisting of 28,088 operational beds and units located in 32 states with the highest concentration of properties by rental income located in California and Texas.
As of December 31, 2024, we also had other real estate related investments consisting of three preferred equity investments, 15 real estate secured loans receivable and five mezzanine loans receivable with a carrying value of $795.2 million and one financing receivable with a carrying value of $96.0 million.
From time to time, we also partner with third-party institutional investors to invest in healthcare real estate in consolidated joint ventures.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
CRMHIGHSalesforce significantly increased debt by 71% to $14.4B while simultaneously ac...
2026-03-02
UNHHIGHUNH's operating income plummeted 41% despite 12% revenue growth, indicating seve...
2026-03-02
PFEHIGHPfizer achieved a dramatic 87.3% reduction in total debt from $31.4B to $4.0B, r...
2026-02-26
GILDHIGHGILD dramatically increased R&D spending by 81.5% to $9.1B while introducing new...
2026-02-24
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →