Issuers was CareTrust REIT’s largest revenue line in fiscal 2019, bringing in $84.38M of $163.40M (52%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 |
|---|---|---|---|---|---|
| Combined Subsidiary Guarantors | $64.85M | $66.81M | $66.84M | $79.02M | |
| Issuers | $39.83M | $66.17M | $90.10M | $84.38M | |
| Total | $104.68M | $132.98M | $156.94M | $163.40M |
CareTrust REIT brought in $163.40M from its two revenue lines in fiscal 2019, the year ended December 31, 2019. That was up 4.1% from $156.94M in fiscal 2018. Issuers was the largest at $84.38M (51.6%), ahead of Combined Subsidiary Guarantors at $79.02M (48.4%).
Compared with fiscal 2018, Combined Subsidiary Guarantors grew 18.2% to $79.02M, while Issuers fell 6.3% to $84.38M. From fiscal 2016 to 2019, combined revenue from these revenue lines grew from $104.68M to $163.40M, a compound annual growth rate of 16.0%. Issuers' share of the total rose from 38.1% to 51.6%.
Combined Subsidiary Guarantors was CareTrust REIT’s largest revenue line in fiscal 2014, bringing in $49.35M of $58.90M (84%).
| Legal Entity | FY 2012 | FY 2013 | FY 2014 |
|---|---|---|---|
| Combined Subsidiary Guarantors | $36.25M | $42.72M | $49.35M |
| Combined Non-Guarantor Subsidiaries | $5.82M | $6.08M | $9.38M |
| Issuers | — | — | $173.00K |
| Total | $42.06M | $48.80M | $58.90M |
CareTrust REIT brought in $58.90M from its three revenue lines in fiscal 2014, the year ended December 31, 2014. CareTrust REIT regrouped these revenue lines after fiscal 2013, so the total does not compare directly with that year's $48.80M. Combined Subsidiary Guarantors was the largest at $49.35M (83.8%), ahead of Combined Non-Guarantor Subsidiaries at $9.38M (15.9%) and Issuers at $173.00K (0.3%).
Compared with fiscal 2013, Combined Non-Guarantor Subsidiaries grew 54.3% to $9.38M and Combined Subsidiary Guarantors grew 15.5% to $49.35M.
CareTrust REIT began breaking out Issuers in fiscal 2014, when it brought in $173.00K.
CareTrust REIT (CTRE) reports its revenue by consolidated entities and by legal entity. In fiscal 2019, Issuers was its largest revenue line, bringing in $84.38M (51.6% of the total), followed by Combined Subsidiary Guarantors at $79.02M (48.4%).
Issuers was CareTrust REIT's largest revenue line in fiscal 2019, bringing in $84.38M, or 51.6% of the $163.40M total across its two revenue lines.
Combined Subsidiary Guarantors grew faster than Issuers in fiscal 2019, up 18.2% from $66.84M to $79.02M. Issuers fell 6.3% to $84.38M.
Every figure comes from CareTrust REIT's annual financial filings, as reported. Each line keeps the name CareTrust REIT gives it, and years follow its fiscal calendar.
CareTrust REIT's revenue by consolidated entities goes back to fiscal 2015, with figures through fiscal 2019. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.