CareTrust REIT's book value per share for the quarter that ended in Dec. 2023 was $10.90.
During the past 12 months, CareTrust REIT's average Book Value Per Share Growth Rate was 27.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.50% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of CareTrust REIT was 29.50% per year. The lowest was -4.20% per year. And the median was 5.55% per year.
CareTrust REIT's current price is $24.31. Its book value per share for the quarter that ended in Dec. 2023 was $10.90. Hence, today's PB Ratio of CareTrust REIT is 2.23.
During the past 12 years, the highest P/B Ratio of CareTrust REIT was 4.03. The lowest was 1.29. And the median was 2.26.
CareTrust REIT Book Value per Share Historical Data
The historical data trend for CareTrust REIT's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of CareTrust REIT's Book Value per Share
For the REIT - Healthcare Facilities subindustry, CareTrust REIT's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CareTrust REIT's PB Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, CareTrust REIT's PB Ratio distribution charts can be found below:
* The bar in red indicates where CareTrust REIT's PB Ratio falls into.
CareTrust REIT Book Value per Share Calculation
CareTrust REIT's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
CareTrust REIT (NYSE:CTRE) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
CareTrust REIT Book Value per Share Related Terms
Thank you for viewing the detailed overview of CareTrust REIT's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
CareTrust REIT (CareTrust REIT) Business Description
CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).
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