• CareTrust REIT average return on tangible equity for 2023 was 5.04, a 3260% increase from 2022.
• CareTrust REIT average return on tangible equity for 2022 was 0.15, a 98.21% increase from 2021.
• CareTrust REIT average return on tangible equity for 2021 was 8.39, a 20.89% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.