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19.05.26 - 05:27
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CareTrust REIT, Inc. Announces Pricing of Upsized Public Offering of Common Stock (Business Wire)
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DANA POINT, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust REIT” or the “Company”) announced the pricing of an underwritten public offering of an aggregate of 12,500,000 shares of its common stock sold on a forward basis in connection with the forward sale agreements described below, for gross proceeds of approximately $509.4 million. The underwriters may also purchase up to an additional 1,875,000 shares of the Company's common stock within 30 days from the date of the prospectus supplement relating to the offering. The offering was upsized from the previously announced offering size of 10,000,000 shares of common stock, and the offering is expected to close on May 20, 2026, subject to customary closing conditions.
Wells Fargo Securities and J.P. Morgan acted as book-running managers for the offering.
In connection with the offering of shares of its common stock, the Company entered into separate forward sale agreements with each of Wells Fargo Securities, LLC and J.P. Mo...
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18.05.26 - 22:06
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CareTrust REIT, Inc. Announces Launch of Public Offering of Common Stock (Business Wire)
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DANA POINT, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust REIT” or the “Company”) announced that it has commenced, subject to market and other conditions, an underwritten public offering of an aggregate of 10,000,000 shares of its common stock in connection with the forward sale agreements described below.
Wells Fargo Securities and J.P. Morgan are acting as the book-running managers for the offering.
In connection with the offering of shares of its common stock, the Company expects to enter into separate forward sale agreements with each of Wells Fargo Securities, LLC and J.P. Morgan Securities LLC (or their respective affiliates), each referred to in such capacity as forward purchaser. The underwriters expect to be granted a 30-day option, exercisable in whole or in part from time to time, to purchase up to an additional 1,500,000 shares of the Company's common stock. If the option to purchase additional shares of the Company's common stock is exercised, the Company ex...
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08.05.26 - 02:30
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CareTrust REIT (CTRE) Q1 FFO Meet Estimates (Zacks)
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CareTrust REIT (CTRE) delivered FFO and revenue surprises of +0.76% and +1.31%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?...
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07.05.26 - 22:21
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CareTrust REIT Announces First Quarter 2026 Operating Results; Increases 2026 Guidance (Business Wire)
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Conference Call Scheduled for Friday, May 8, 2026 at 11:00 am ETDANA POINT, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended March 31, 2026, as well as other recent events.
For the quarter, CareTrust reported:
Net income of $80.2 million and net income per diluted weighted average share of $0.36, an increase of $0.01, or 3%, over the prior year quarter;
Normalized FFO of $107.4 million and Normalized FFO per diluted weighted average share of $0.48, an increase of $0.06, or 14%, over the prior year quarter;
Normalized FAD of $107.6 million and Normalized FAD per diluted weighted average share of $0.48, an increase of $0.05, or 12%, over the prior year quarter;
$245.1 million of investment activity closed at a blended stabilized yield of 8.8%;
$129.5 million of gross proceeds from settlement of equity forward contracts under the ATM Program;
Net Debt to Annualized Normalized Run Rate EBITDA of 0.6x;
100.0% collection of contractual rent and int...
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27.04.26 - 12:06
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CareTrust REIT Receives Investment Grade Rating Upgrade from Moody′s (Business Wire)
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DANA POINT, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) (“CareTrust” or the “Company”) announced today that Moody's Ratings (“Moody's”) upgraded the Company's issuer rating and senior unsecured notes to an investment grade rating of Baa3. The outlook was changed from positive to stable following the ratings upgrade.
"This investment grade rating from Moody's is a powerful validation of the discipline we've maintained on our balance sheet even as we've met the moment of extraordinary growth by deploying over $4 billion of capital since the beginning of 2024 across attractive skilled nursing, seniors housing, and UK care home opportunities," said Dave Sedgwick, CareTrust's Chief Executive Officer. Mr. Sedgwick continued, "A disciplined balance sheet is precisely what allows us to move decisively when the right opportunities arise. With as strong a credit foundation as ever, we're energized to keep building momentum in our growth flywheel." Derek Bunker, ...
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27.04.26 - 12:06
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CareTrust REIT Announces Approximately $628 Million of Investments (Business Wire)
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DANA POINT, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) (“CareTrust” or the “Company”) announced today the recent closing of investments totaling approximately $628 million.
In mid-April, the Company closed on a series of related off market transactions with a quality skilled nursing operator based in California in what is a new relationship for CareTrust. As part of the transaction, CareTrust acquired 15 skilled nursing facilities for approximately $380 million (inclusive of transaction costs) comprising approximately 1,700 beds located across California. The portfolio is leased back to affiliates of the seller under a long-term triple-net lease with annual rent escalators and purchase options in the seller's favor beginning in the ninth year of the term. Simultaneous with the sale-leaseback, the Company also originated two loans to affiliates of the seller, secured by portfolios of skilled nursing facilities located in California and Washington. The first loan of $55 million has a...
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23.04.26 - 22:09
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CareTrust REIT Sets First Quarter Earnings Call for Friday, May 8, 2026 (Business Wire)
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DANA POINT, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its first quarter 2026 financial results after the U.S. markets close on Thursday, May 7, 2026. Representatives of CareTrust REIT's management team will host a conference call to discuss the results and other current matters the following day.
Conference Call
CareTrust REIT invites current and prospective investors to listen to the call on Friday, May 8, 2026 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time). The toll-free dial-in number is 1 (833) 461-5787 or toll dial-in number is 1 (585) 542-9983 and the conference ID number is 411597838.
To listen to the call online as a webcast, or to view any financial or other statistical information required by SEC Regulation G, please visit the Investors section of the CareTrust REIT website at http://investor.caretrustreit.com. A recording of the call will be available for replay via the website for approximately 30 days following the call. The Compa...
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06.04.26 - 22:42
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CareTrust REIT Announces $119 Million of Recent Investments; Reloaded Pipeline (Business Wire)
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DANA POINT, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) (“CareTrust” or the “Company”) announced today the closing of two investments totaling approximately $119 million, each effective April 1, 2026.
The Company acquired a senior housing and skilled nursing campus located in Southern California, comprising 120 licensed skilled nursing beds and 273 senior housing units. The campus will be triple-net leased to an existing operator of the Company under a long-term lease with annual inflation-based rent escalators and multiple renewal options, along with a commitment from the Company to provide additional rent-enhancing capital improvement funds of up to $5 million within 18 months of closing.
In a separate transaction, the Company originated a mortgage loan secured by five skilled nursing communities located in the Midwest, comprising approximately 506 licensed beds. The loan was made in connection with the borrower's acquisition of the facilities, which will be operated under a long-...
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13.03.26 - 11:06
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CareTrust REIT Raises Quarterly Dividend to $0.39 per Share (Business Wire)
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DANA POINT, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from $0.335 to $0.39 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2026. The Company intends to pay the dividend on or about April 15, 2026.
Dave Sedgwick, CareTrust's Chief Executive Officer, noted that “Our commitment to delivering value to our stockholders remains unwavering. Our dividend increase this year reflects this commitment as well as our confidence in the strength of our portfolio and our optimism for continued growth.”
About CareTrustTM
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, senior housing and other healthcare-related properties. With a portfolio of long-term net-leased properties spanning the United States a...
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