CareTrust REIT Inc

CTRE

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Real Estate
United States of America
Mid cap

CareTrust REIT Inc is not Shariah Compliant because it fails the financial ratios.

22.16%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Mid cap
BUY
$31.78
$26.00
$35.00
6
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
45.55%
64.83%
42.07%
0.00
1.94
52.38%

Shariah Compliance

  • Updated on April 14, 2025
Debt
7.41%
✓
Non-Compliant Assets
1.79%
✓
Impure Income
22.16%
✗

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
13.93%
✓
Impure Income
22.16%
✗

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
11.72%
✓
Impure Income
22.16%
✗

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
11.55%
✓
Cash
9.01%
✓
Cash & AR
9.05%
✓
Impure Income
22.16%
✗

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
11.55%
✓
Cash
9.01%
✓
Cash & AR
9.05%
✓
Impure Income
22.16%
✗

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
22.16%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

CareTrust REIT, Inc. is a self-administered real estate investment trust (REIT). The Company is engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. It has a portfolio of long-term net-leased properties, and a portfolio of operators leasing them. The Company owns, directly or indirectly through joint ventures, and leases to independent operators, 258 skilled nursing facilities (SNFs), multiservice campuses, assisted living facilities (ALFs) and independent living facilities (ILFs), consisting of approximately 28,088 operational beds and units located in 32 states with the highest concentration of properties by rental income located in California and Texas. Its facilities include Camarillo, San Juan Capistrano, Barton Creek, Bayshire Carlsbad, El Centro Post-Acute Care, Bayshire Rancho Mirage, The Orchards, Weiser Care, Wellspring Health and Rehabilitation of Cascadia, and others.

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