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Care Property Invest S.A.

0R6H.L
51
REIT - Healthcare Facilities · Real Estate
Price
12.08 GBp
-0.04 (-0.33%)
Market Cap
£467.7M
Exchange
London Stock Exchange
Winston Score
51
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Oct 12, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Strong
22/30
Growth
Good
13/20
Cash Flow
Data not available
0/10
Stability
Good
6/10
Valuation
Good
6/10
Ownership
Weak
1/15
Dividends
Good
3/5

51 of 100 counted points = Winston Score 51.

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Share count rising — dilution

+34.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 27.7M (2021) → 37.4M (2025)

§Winston Score History

The full picture

Care Property Invest is a Belgian real estate company that owns and rents out buildings used for elderly care and assisted living. Its tenants are care operators — companies and nonprofits that run nursing homes, residential care facilities, and similar services for older adults and people with disabilities. It is one of the larger listed healthcare real estate investors focused on the Benelux region and Spain.

The company makes money by collecting long-term rental income from its care facility tenants, which explains its very high gross margins. It operates mainly in Belgium, the Netherlands, and Spain, with a portfolio of around 100 properties. Its competitive position rests on long lease contracts and the fact that healthcare real estate is a specialized niche that most generalist landlords avoid. The key growth driver is Europe's aging population, which steadily increases demand for care beds — but rising interest rates are a real risk, since the company relies on debt to fund new property acquisitions.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+10.3% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+33.3% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

€0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

0.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€1.2B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Care Property Invest S.A. is a rare growth stock that's already generating positive cash flow while growing at 10%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
97.9%
Premium pricing power — 97.9% gross margin
Profit after running costs
Operating Margin
61.1%
Excellent — 61.1% operating margin
Return on the money invested
ROCE
5.3%
Weak — 5.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+7.3%
Steady sales growth (+7.3% YoY)
Profit growth
EPS YoY
+143.1%
Earnings growing fast (+143.1% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
0.98
Moderate — manageable debt (0.98)
Covers its interest
Interest Cover
4.70x
Adequate interest coverage (4.7x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
7.8x
Attractive valuation — P/E 7.8

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
-1.1
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend
Dividend Yield
1.08%
Small dividend — 1.08% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+22.7%
Dividend growing fast (22.7% YoY)

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