CareTrust REIT: Solid Operational Performance, But I Don't Like The Capital Structure

● CISE Property 124 ca s Apr 18 May 21 tan 23 You can access all company results here. CareTrust REIT is a triple net lease healthcare REIT investing primarily in Skilled Nursing facilities (70% of the portfolio), followed by Multi-Service Campus (22%) and Seniors Housing (8%): From a geographic perspective, the company is tilted to the Sun Belt region, with California (28% of revenue) and Texas (19%) the two single largest exposures: Revenue breakdown by state (CareTrust REIT June 2024 Investor Presentatio ...