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CareTrust REIT vs Independence Realty Trust: CTRE and IRT compared
CareTrust REIT is the larger company: $176M of revenue in its latest quarter (Q3 2026) against $172M for Independence Realty Trust (Q3 2026). CareTrust REIT is growing faster (+33% against +3% a year earlier). CareTrust REIT is more profitable, with an operating margin of 52.3% against 16.7%.
Where the money goes: CTRE and IRT
CareTrust REIT (CTRE) · Q3 2026
CareTrust REIT, Q3 2026: revenue $176M (+33% year over year), operating margin 52.3%, net earnings $83.7M, operating cash flow $155M. The chart follows the revenue to costs, profit and cash.
Independence Realty Trust (IRT) · Q3 2026
Independence Realty Trust, Q3 2026: revenue $172M (+3% year over year), operating margin 16.7%, net earnings $25.1M, operating cash flow $81.2M. The chart follows the revenue to costs, profit and cash.
| CareTrust REIT (CTRE) | Independence Realty Trust (IRT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $176M | $172M |
| Revenue growth, Y/Y | +33% | +3% |
| Operating margin | 52.3% | 16.7% |
| Net earnings | $83.7M | $25.1M |
| Net margin | 47.4% | 14.6% |
| Operating cash flow | $155M | $81.2M |
| Free cash flow | $151M | $79.6M |
| Market value | $8.6B | $3.5B |
| P/E | 24.1× | 57.0× |
| Analysts’ mean target | $43.64 | $18.46 |
Questions
Which is bigger, CareTrust REIT or Independence Realty Trust?
CareTrust REIT is the larger company: $176M of revenue in its latest quarter (Q3 2026) against $172M for Independence Realty Trust (Q3 2026).
Is CareTrust REIT or Independence Realty Trust growing faster?
CareTrust REIT is growing faster (+33% against +3% a year earlier).
Which is more profitable, CareTrust REIT or Independence Realty Trust?
CareTrust REIT is more profitable, with an operating margin of 52.3% against 16.7%.
More: CareTrust REIT earnings · how CareTrust REIT makes money · Independence Realty Trust earnings · how Independence Realty Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.