CareTrust REIT (CTRE) added to industry coverage.
REIT/BASE, the online financial database for public real estate companies, announced today that it has added CareTrust REIT, Inc. (CTRE) to its coverage list, increasing coverage to 90 public companies. “We’ve worked steadily over the past two years to expand our coverage universe and meet investors’ need for a focused data service" said Scott O’Shea, data manager. "We now cover 13 health care REITs with a combined enterprise value of approximately $155 billion."
CareTrust REIT, Inc. (CTRE) is a small cap equity REIT focused on investments in skilled nursing facilities (70% of investments), senior housing (16%), and multi-service properties (14%) in 25 states. CareTrust was formed in 2014 through a spin-off transaction with its former parent The Ensign Group, which remains the REIT's largest single tenant at approximately 40% of revenues. CTRE has a current enterprise value of approximately $2.1 billion.