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Earnings analysis · 10-Q

CTRE earnings analysis

Filed May 7, 2026 · Our reading of the company's report

The latest report

CareTrust REIT, Inc. (CTRE) demonstrated strong growth in Q1 2026, surpassing prior revenue projections with a reported revenue of $138 million and diluted EPS of $0.52, above estimates of $135.3 million and $0.48. The…

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CareTrust REIT, Inc. (CTRE) demonstrated strong growth in Q1 2026, surpassing prior revenue projections with a reported revenue of $138 million and diluted EPS of $0.52, above estimates of $135.3 million and $0.48. The company also indicated ongoing positive forward momentum despite facing headwinds from rising operational costs and market volatility.

Read the original on SEC.gov

Reported figures

Earnings per share
$0.52

What stood out

  • Significant Revenue Increase

    Revenue reached $138 million in Q1 2026, an increase from $107 million in the prior quarter and $72 million a year ago, reflecting a 59% year-over-year growth.

  • Improved EPS

    Q1 2026 EPS came in at $0.52 compared to $0.35 in Q1 2025, demonstrating a substantial improvement in profitability.

  • Increased Operating Cash Flow

    Net cash provided by operating activities was $90.4 million, up from $71.4 million in the same quarter last year, reflecting enhanced operational performance.

  • No Impairment Charges

    No impairment of real estate investments was recorded in Q1 2026, compared to $2.0 million in the previous quarter.

  • Strategic Acquisitions

    During Q1 2026, CTRE completed acquisitions totaling $141.2 million, contributing to revenue growth.

  • Positive Forward Guidance

    Management expressed optimism about continued growth in revenue and earnings in Q2 2026.

What to watch

  • High Free Cash Flow Deficit

    Free cash flow showed a negative trend with significant outflows in previous quarters, raising liquidity concerns.

  • Rising Operational Costs

    Implementation of California’s SB 525 will escalate minimum wage costs for healthcare workers starting June 2026, threatening tenant profitability.

  • Interest Rate Volatility

    Increased interest rates due to macroeconomic factors could impact financing costs and ability to service debt.

Management's outlook

Management anticipates continued growth in revenue and earnings for Q2 2026.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.