Filing Flows › CareTrust REIT (CTRE) › Q2 2025
CareTrust REIT (CTRE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
CareTrust REIT (CTRE) reported revenue of $112M for the second quarter 2025 (Q2 2025), +63% from a year earlier and +16% from the quarter before. Operating margin was 55.6%, net earnings $68.5M (60.9% of revenue).
CareTrust REIT, Q2 2025: revenue $112M (+63% year over year), operating margin 55.6%, net earnings $68.5M, operating cash flow $101M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $112M | +16% | +63% |
| Operating profit | $62.6M | +4% | +410% |
| Net earnings | $68.5M | +4% | +537% |
| Operating cash flow | $101M | +41% | +90% |
| Free cash flow | $96.3M | +39% | +85% |
What changed
Revenue was $112.5M in Q2 2025, up 63% year over year and up 16% from the previous quarter.
Operating profit was $62.6M, a 55.6% margin (up 37.8 points year over year). Of the extra revenue versus a year earlier, 115% reached operating profit, above the 18% margin then. Total costs fell 12% while revenue rose 63%. The fastest-growing cost line was General & admin (+105%). Net earnings were $68.5M, up 537% year over year ($67.9M including minority interests, which bore $643K of losses). The effective tax rate was 1.5%.
Operating cash flow was $100.8M (up 90% year over year), 148% of net earnings. Non-cash charges added back $21.2M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $8.6M. Capital expenditures of $4.5M left free cash flow of $96.3M.
Questions
What was CareTrust REIT's revenue in the second quarter 2025?
CareTrust REIT (CTRE) reported revenue of $112M for the second quarter 2025 (Q2 2025), +63% from a year earlier and +16% from the quarter before.
Was CareTrust REIT profitable in the second quarter 2025?
Operating profit was $62.6M (55.6% of revenue) and net earnings $68.5M.
Source: CareTrust REIT 10-Q on SEC EDGAR.