Filing Flows › CareTrust REIT (CTRE) › Q1 2025
CareTrust REIT (CTRE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
CareTrust REIT (CTRE) reported revenue of $96.6M for the first quarter 2025 (Q1 2025), +53% from a year earlier and +11% from the quarter before. Operating margin was 62.1%, net earnings $65.8M (68.1% of revenue).
CareTrust REIT, Q1 2025: revenue $96.6M (+53% year over year), operating margin 62.1%, net earnings $65.8M, operating cash flow $71.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $96.6M | +11% | +53% |
| Operating profit | $60.0M | +42% | +105% |
| Net earnings | $65.8M | +26% | +129% |
| Operating cash flow | $71.4M | -5% | +46% |
| Free cash flow | $69.1M | — | +43% |
What changed
Revenue was $96.6M in Q1 2025, up 53% year over year and up 11% from the previous quarter.
Operating profit was $60.0M, a 62.1% margin (up 15.6 points year over year). Of the extra revenue versus a year earlier, 91% reached operating profit, above the 47% margin then. Total costs grew 9% against revenue growth of 53%. The fastest-growing cost line was General & admin (+32%). Net earnings were $65.8M, up 129% year over year ($65.2M including minority interests, which bore $609K of losses). The effective tax rate was 0.0%.
Operating cash flow was $71.4M (up 46% year over year), 109% of net earnings. Non-cash charges added back $17.8M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $15.6M. Capital expenditures of $2.3M left free cash flow of $69.1M.
Questions
What was CareTrust REIT's revenue in the first quarter 2025?
CareTrust REIT (CTRE) reported revenue of $96.6M for the first quarter 2025 (Q1 2025), +53% from a year earlier and +11% from the quarter before.
Was CareTrust REIT profitable in the first quarter 2025?
Operating profit was $60.0M (62.1% of revenue) and net earnings $65.8M.
Source: CareTrust REIT 10-Q on SEC EDGAR.