CareTrust (CTRE) - Hoya Hotseat

Hoya Capital

CareTrust (CTRE) - Hoya Hotseat In the News All CTRE Jan 25 Written By Alex Pettee, CFA Hoya Capital CareTrust REIT (CTRE) is a small-cap healthcare REIT ($2.5B market cap) focused on the skilled nursing and senior housing sub-sector. CTRE owns 206 properties across 25 states - primarily in the Western United States. CTRE pays a dividend yield of 5.2% on a quarterly basis. (As of 1/25/2024) CEO Dave Sedgwick joins the Hoya Hotseat to discuss CareTrust's growth from a one-tenant operator at its 2016 IPO into a diversified healthcare platform with 25 operators, and discusses the opportunities and risks of the Skilled Nursing space, including the role of government, demographic trends, and the importance of operator relationships.

Continue reading ▶︎ Interviews Press All Hoya Hotseat CTRE Alex Pettee, CFA Transcript so Car Trust re is a very focused specialized Healthcare re on the skilled nursing and senior's housing space uh we I personally have been in this business for over 20 years first as an operator running facilities going to work every day at a nursing home uh turning buildings around and and I think that brings uh a different level of understanding to this business than you find in a lot of um landlords or just or reads because most of the REITs out there you know they are Finance guys who become conversent in the space we're operators who who understand this business inside and out and so we have been focused on the skilled nursing and senior's housing that's kind of the postacute Elderly Care environment and uh been in it for a long time so well the backstory is pretty interesting I alluded to it in my first uh answer we originally our story starts in 1999 when an operating company was born called the IGN group and that's when I got started as an admin rator in training learning the business um and we ...