Filing Flows › CareTrust REIT (CTRE) › Q1 2026
CareTrust REIT (CTRE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
CareTrust REIT (CTRE) reported revenue of $143M for the first quarter 2026 (Q1 2026), +48% from a year earlier and +6% from the quarter before. Operating margin was 57.2%, net earnings $80.2M (56.2% of revenue).
CareTrust REIT, Q1 2026: revenue $143M (+48% year over year), operating margin 57.2%, net earnings $80.2M, operating cash flow $90.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $143M | +6% | +48% |
| Operating profit | $81.7M | +12% | +36% |
| Net earnings | $80.2M | -28% | +22% |
| Operating cash flow | $90.4M | -25% | +27% |
| Free cash flow | $87.2M | — | +26% |
What changed
Revenue was $142.8M in Q1 2026, up 48% year over year and up 6% from the previous quarter.
Operating profit was $81.7M, a 57.2% margin (down 4.9 points year over year). Of the extra revenue versus Q1 2025, 47% reached operating profit, below the 62% margin then. Total costs grew 67% against revenue growth of 48%. The fastest-growing cost line was Other operating costs (+70%). Net earnings were $80.2M, up 22% year over year ($79.5M including minority interests, which bore $705K of losses). The effective tax rate was 2.8%.
Operating cash flow was $90.4M (up 27% year over year), 114% of net earnings. Non-cash charges added back $29.4M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $22.0M. Capital expenditures of $3.2M left free cash flow of $87.2M.
Questions
What was CareTrust REIT's revenue in the first quarter 2026?
CareTrust REIT (CTRE) reported revenue of $143M for the first quarter 2026 (Q1 2026), +48% from a year earlier and +6% from the quarter before.
Was CareTrust REIT profitable in the first quarter 2026?
Operating profit was $81.7M (57.2% of revenue) and net earnings $80.2M.
Source: CareTrust REIT 10-Q on SEC EDGAR.