CareTrust (CTRE) - Hoya Hotseat
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.