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Side-by-side financial comparison of CareTrust REIT, Inc. (CTRE) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($142.9M vs $134.9M, roughly 1.1× CareTrust REIT, Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs -30.3%, a 112.8% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs -0.3%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs -0.6%).
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
CTRE vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.9M | $142.9M |
| Net Profit | $111.3M | $-43.2M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 82.5% | -30.3% |
| Revenue YoY | 55.1% | -0.3% |
| Net Profit YoY | 113.5% | -44.3% |
| EPS (diluted) | $0.52 | $-0.34 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $134.9M | $142.9M | ||
| Q3 25 | $132.4M | $139.2M | ||
| Q2 25 | $112.5M | $140.3M | ||
| Q1 25 | $96.6M | $142.7M | ||
| Q4 24 | $86.9M | $143.2M | ||
| Q3 24 | $77.4M | $139.3M | ||
| Q2 24 | $68.9M | $143.3M | ||
| Q1 24 | $63.1M | $144.5M |
| Q4 25 | $111.3M | $-43.2M | ||
| Q3 25 | $74.9M | $-13.5M | ||
| Q2 25 | $68.5M | $-16.8M | ||
| Q1 25 | $65.8M | $-10.1M | ||
| Q4 24 | $52.1M | $-30.0M | ||
| Q3 24 | $33.4M | $-11.5M | ||
| Q2 24 | $10.8M | $-9.8M | ||
| Q1 24 | $28.7M | $-27.8M |
| Q4 25 | — | — | ||
| Q3 25 | 58.1% | — | ||
| Q2 25 | 61.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 43.0% | — | ||
| Q2 24 | 15.1% | — | ||
| Q1 24 | — | — |
| Q4 25 | 82.5% | -30.3% | ||
| Q3 25 | 56.6% | -9.7% | ||
| Q2 25 | 60.9% | -12.0% | ||
| Q1 25 | 68.1% | -7.1% | ||
| Q4 24 | 60.0% | -20.9% | ||
| Q3 24 | 43.2% | -8.3% | ||
| Q2 24 | 15.6% | -6.8% | ||
| Q1 24 | 45.6% | -19.2% |
| Q4 25 | $0.52 | $-0.34 | ||
| Q3 25 | $0.35 | $-0.11 | ||
| Q2 25 | $0.35 | $-0.14 | ||
| Q1 25 | $0.35 | $-0.08 | ||
| Q4 24 | $0.30 | $-0.25 | ||
| Q3 24 | $0.21 | $-0.09 | ||
| Q2 24 | $0.07 | $-0.08 | ||
| Q1 24 | $0.22 | $-0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $198.0M | $731.0K |
| Total DebtLower is stronger | $894.2M | $2.2B |
| Stockholders' EquityBook value | $4.0B | $1.5B |
| Total Assets | $5.1B | $4.0B |
| Debt / EquityLower = less leverage | 0.22× | 1.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $198.0M | $731.0K | ||
| Q3 25 | $712.5M | $3.0M | ||
| Q2 25 | $306.1M | $3.3M | ||
| Q1 25 | $26.5M | $2.9M | ||
| Q4 24 | $213.8M | $109.6M | ||
| Q3 24 | $377.1M | $133.6M | ||
| Q2 24 | $495.1M | $138.5M | ||
| Q1 24 | $451.2M | $3.5M |
| Q4 25 | $894.2M | $2.2B | ||
| Q3 25 | $893.8M | $2.2B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $822.1M | $2.2B | ||
| Q4 24 | $396.9M | $2.2B | ||
| Q3 24 | $396.7M | $2.2B | ||
| Q2 24 | $671.1M | $2.2B | ||
| Q1 24 | $595.9M | $2.1B |
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | $4.0B | $1.5B | ||
| Q2 25 | $3.3B | $1.5B | ||
| Q1 25 | $2.9B | $1.6B | ||
| Q4 24 | $2.9B | $1.6B | ||
| Q3 24 | $2.4B | $1.6B | ||
| Q2 24 | $1.9B | $1.7B | ||
| Q1 24 | $1.7B | $1.7B |
| Q4 25 | $5.1B | $4.0B | ||
| Q3 25 | $5.1B | $4.0B | ||
| Q2 25 | $4.7B | $4.0B | ||
| Q1 25 | $3.9B | $4.0B | ||
| Q4 24 | $3.4B | $4.1B | ||
| Q3 24 | $2.9B | $4.1B | ||
| Q2 24 | $2.7B | $4.2B | ||
| Q1 24 | $2.3B | $4.0B |
| Q4 25 | 0.22× | 1.49× | ||
| Q3 25 | 0.22× | 1.43× | ||
| Q2 25 | 0.35× | 1.41× | ||
| Q1 25 | 0.28× | 1.40× | ||
| Q4 24 | 0.14× | 1.40× | ||
| Q3 24 | 0.16× | 1.36× | ||
| Q2 24 | 0.35× | 1.34× | ||
| Q1 24 | 0.36× | 1.23× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $394.0M | $140.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $394.0M | $140.6M | ||
| Q3 25 | $100.9M | $35.8M | ||
| Q2 25 | $100.8M | $50.1M | ||
| Q1 25 | $71.4M | $3.7M | ||
| Q4 24 | $244.3M | $198.1M | ||
| Q3 24 | $67.2M | $42.9M | ||
| Q2 24 | $53.0M | $66.8M | ||
| Q1 24 | $48.8M | $23.4M |
| Q4 25 | 3.54× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 4.68× | — | ||
| Q3 24 | 2.01× | — | ||
| Q2 24 | 4.92× | — | ||
| Q1 24 | 1.70× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRE
Segment breakdown not available.
PDM
| Atlanta GA | $45.7M | 32% |
| Dallas TX | $24.1M | 17% |
| Orlando FL | $19.3M | 13% |
| New York NY | $14.7M | 10% |
| Northern Virginia Washington D.C. | $12.9M | 9% |
| Minneapolis MN | $11.4M | 8% |
| Boston MA | $9.8M | 7% |
| Real Estate Other | $7.8M | 5% |
