Earnings summaries and quarterly performance for CareTrust REIT.
Executive leadership at CareTrust REIT.
Board of directors at CareTrust REIT.
Research analysts who have asked questions during CareTrust REIT earnings calls.
AW
Austin Wurschmidt
KeyBanc Capital Markets Inc.
6 questions for CTRE
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MC
Michael Carroll
RBC Capital Markets
6 questions for CTRE
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Farrell Granath
Bank of America
5 questions for CTRE
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Juan Sanabria
BMO Capital Markets
5 questions for CTRE
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OO
Omotayo Okusanya
Deutsche Bank AG
3 questions for CTRE
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RA
Richard Anderson
Wedbush Securities
3 questions for CTRE
Also covers: AIV, ARE, AVB +25 more
WG
Wesley Golladay
Robert W. Baird & Co.
3 questions for CTRE
Also covers: ADC, AHR, ARE +25 more
Michael Goldsmith
UBS
2 questions for CTRE
Also covers: ADC, AHR, AMH +39 more
Michael Stroyeck
Green Street Advisors, LLC
2 questions for CTRE
Also covers: AHR, DOC, HR +4 more
WG
Wes Golladay
Baird
2 questions for CTRE
Also covers: AHR, DOC, ESS +7 more
Alec Feygin
Robert W. Baird & Co. Incorporated
1 question for CTRE
Also covers: FCPT, GMRE, KIM +6 more
JK
John Kalichewski
Wells Fargo Securities
1 question for CTRE
John Kilichowski
Wells Fargo & Company
1 question for CTRE
Also covers: ADC, EPR, EPRT +17 more
JH
Jonathan Hughes
Raymond James Financial
1 question for CTRE
Also covers: HR, MRT, OHI +3 more
WJ
William John Kilichowski
Wells Fargo
1 question for CTRE
Also covers: ADC, EPR, EPRT +14 more
Recent press releases and 8-K filings for CTRE.
CareTrust REIT Highlights Strong Growth, Investments, and Shareholder Returns
CTRE
Earnings
Guidance Update
New Projects/Investments
- CareTrust REIT reported strong financial performance with 18% normalized FFO per share growth from $0.40 in Q4'24 to $0.47 in Q4'25 and projects FY26 normalized FFO per share of $1.90 to $1.95 (midpoint +9.4% vs. FY25).
- The company made significant capital deployments, with $1.8 billion in gross investments in 2025 and +$1.5 billion of net capital deployment in 169 properties at a blended stabilized yield of ~8.6%. Total new investments in 2024 and 2025 reached $3.3 billion.
- CareTrust REIT maintains a robust balance sheet, closing 2025 with Net Debt to EBITDA of 0.67X, which is considerably lower than the peer average of 4.1X.
- The company has demonstrated sustained shareholder value, achieving a 10-year total shareholder return of 493% and increasing its dividend every year for the past decade, including a 15.5% increase in FY25.
3 days ago
CareTrust REIT Reports Strong Q4 and Full-Year 2025 Results, Issues 2026 Guidance, and Details Significant Investment Activity
CTRE
Earnings
Guidance Update
New Projects/Investments
- CareTrust REIT reported a transformational 2025, with full-year normalized FFO per share increasing 17.3% to $1.76 and normalized FAD per share increasing 14.3% to $1.76.
- For fiscal year 2026, the company issued initial guidance of $1.90-$1.95 for both normalized FFO per share and normalized FAD per share, representing a 9.4% year-over-year increase at the midpoints.
- Total investments in 2025 reached $1.8 billion, including the acquisition of Care REIT to enter the UK care home market and the first SHOP deal. In Q4 2025 alone, investments totaled $562 million at a blended stabilized yield of 8.8%.
- The current investment pipeline is approximately $500 million, composed of about half UK care homes, a third skilled nursing, and the remainder in SHOP deals, loans, and senior housing triple net.
- The company maintains a strong balance sheet, ending 2025 with net debt to EBITDA of 0.7 times and a fixed charge coverage ratio of 10.5 times.
Feb 13, 2026, 6:00 PM
CareTrust REIT Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance
CTRE
Earnings
Guidance Update
New Projects/Investments
- CareTrust REIT reported a transformational 2025, with total investments reaching $1.8 billion and full-year normalized FFO per share growing 17.3% to $1.76. The company's market cap increased 61% to $8.2 billion by year-end.
- For Q4 2025, normalized FFO increased 42.7% to $104.1 million, and normalized FFO per share rose 17.5% to $0.47.
- Initial guidance for fiscal year 2026 projects normalized FFO per share and normalized FAD per share between $1.90 and $1.95, representing a 9.4% year-over-year increase at the midpoints.
- The company's investment pipeline stands at approximately $500 million, comprising about half UK care homes and a third US skilled nursing, alongside its recent entry into the UK care home market and first SHOP deal.
- CareTrust REIT maintains a strong balance sheet with approximately $100 million cash on hand as of February 11, 2026, and full capacity on its $1.2 billion revolver, with net debt to EBITDA at 0.7 times and a fixed charge coverage ratio of 10.5 times at year-end 2025.
Feb 13, 2026, 6:00 PM
CareTrust REIT Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Guidance
CTRE
Earnings
Guidance Update
New Projects/Investments
- CareTrust REIT (CTRE) reported a 17.5% increase in normalized FFO per share to $0.47 for Q4 2025 and a 17.3% increase to $1.76 for the full year 2025.
- The company achieved record total investments of $1.8 billion in 2025, including approximately $562 million in Q4 2025 at a blended stabilized yield of 8.8%.
- CareTrust provided initial guidance for fiscal year 2026, projecting normalized FFO per share and normalized FAD per share between $1.90 and $1.95, with the midpoints representing a 9.4% year-over-year increase.
- The investment pipeline currently stands at approximately $500 million, with about half in UK Care Homes and a third in US skilled nursing.
- The company maintains a strong financial position with net debt to EBITDA of 0.7x as of year-end 2025 and has $372 million in gross proceeds pending from unsettled equity forward contracts to fund its acquisition pipeline.
Feb 13, 2026, 6:00 PM
CareTrust REIT Reports Fourth Quarter and Full Year 2025 Operating Results and Provides 2026 Guidance
CTRE
Earnings
Guidance Update
New Projects/Investments
- For the full year 2025, CareTrust REIT reported net income attributable to CareTrust of $320.5 million and Normalized FFO per diluted weighted average share of $1.76, an increase of 17% over the prior year.
- For the fourth quarter ended December 31, 2025, the company reported net income of $111.3 million and Normalized FFO per diluted weighted average share of $0.47.
- CareTrust closed $1.8 billion of investment activity for the full year 2025 and $561.5 million for the fourth quarter, at blended stabilized yields of 8.6% and 8.8% respectively.
- The company maintained a strong balance sheet with Net Debt to Annualized Normalized Run Rate EBITDA of 0.7x as of quarter end, and has $1.2 billion of full capacity remaining on its unsecured revolving credit facility.
- CareTrust provided 2026 guidance, projecting Normalized FFO of approximately $1.90 to $1.95 per share and Normalized FAD of approximately $1.90 to $1.95 per share.
Feb 12, 2026, 9:13 PM
CareTrust REIT Announces Fourth Quarter and Full Year 2025 Operating Results
CTRE
Earnings
Guidance Update
New Projects/Investments
- CareTrust REIT reported Net income per diluted share of $0.50, Normalized FFO per diluted share of $0.47, and Normalized FAD per diluted share of $0.46 for the fourth quarter ended December 31, 2025.
- For the full year 2025, the company achieved Net income per diluted share of $1.57, Normalized FFO per diluted share of $1.76, and Normalized FAD per diluted share of $1.76.
- The company closed $1.8 billion in investment activity for the full year 2025 at a blended stabilized yield of 8.6%.
- As of December 31, 2025, CareTrust REIT's Net Debt to Annualized Normalized Run Rate EBITDA was 0.7x, and it had $100 million in cash on hand as of February 11, 2026.
- For 2026, the company provided guidance projecting Normalized FFO and Normalized FAD of approximately $1.90 to $1.95 per share.
Feb 12, 2026, 9:09 PM
CareTrust Acquires Mid-Atlantic Skilled Nursing Portfolio
CTRE
New Projects/Investments
M&A
- CareTrust REIT acquired a portfolio of six skilled nursing facilities in the Mid-Atlantic for approximately $142 million, effective January 1, 2026.
- The acquired portfolio comprises 532 licensed beds and is expected to generate a 9% stabilized yield, with the transaction funded using cash on hand.
- This acquisition extends the company's investment momentum, bringing total investments over the past two years to approximately $3.3 billion, and its current investment pipeline stands at about $300 million.
Jan 5, 2026, 12:00 PM
CareTrust REIT Reports Strong Q3 2025 Results and Updates Full-Year Guidance
CTRE
Earnings
Guidance Update
New Projects/Investments
- CareTrust REIT reported Q3 2025 normalized FFO per share of $0.45, marking an 18% increase over the prior year quarter.
- The company updated its full-year 2025 guidance for normalized FFO and FAD per share to a range of $1.76-$1.77, representing approximately 18% year-over-year growth at the midpoint.
- CareTrust REIT completed $495 million in new investments during and since Q3 2025, bringing year-to-date total investments to over $1.6 billion. The investment pipeline is currently $600 million, comprising approximately half U.S. skilled nursing, a third U.K. care homes, and the remainder SHOP and strategic loans.
- The company maintains strong liquidity with $334 million of cash on hand as of November 5, full capacity on its $1.2 billion revolver, and low leverage with net debt to EBITDA of 0.43 times.
- Bill Wagner will retire as CFO at year-end, with Derek Bunker transitioning into the role.
Nov 6, 2025, 7:00 PM
CareTrust REIT Announces Third Quarter 2025 Operating Results and Updated Full-Year Guidance
CTRE
Earnings
Guidance Update
New Projects/Investments
- CareTrust REIT reported net income per diluted share of $0.35, normalized FFO per diluted share of $0.45, and normalized FAD per diluted share of $0.44 for the quarter ended September 30, 2025.
- The company achieved a Net Debt to Annualized Normalized Run Rate EBITDA of 0.42x and raised $736.0 million in gross proceeds from a public offering of common stock during the quarter.
- CareTrust REIT closed $59.4 million in investments during Q3 2025 and an additional $436.5 million since quarter end, with a current investment pipeline of approximately $600 million.
- The company updated its 2025 guidance, projecting net income per diluted share of $1.41 to $1.42, normalized FFO per diluted share of $1.76 to $1.77, and normalized FAD per diluted share of $1.76 to $1.77.
Nov 5, 2025, 9:17 PM
CareTrust REIT Announces $437 Million in Acquisitions
CTRE
New Projects/Investments
- CareTrust REIT announced the closing of transactions totaling approximately $437 million in late October 2025.
- These acquisitions include 12 skilled nursing facilities and one skilled nursing campus, along with one skilled nursing facility and two assisted living communities, comprising approximately 1,760 licensed skilled nursing beds and assisted living units.
- The properties are leased to operators under long-term, triple-net leases with annual rent escalators and multiple renewal options.
- The blended stabilized yield for all investments closed across these four transactions is approximately 8.8%.
- The company funded these transactions using cash on hand, bringing its annual investment total to approximately $1.6 billion.
Nov 5, 2025, 9:16 PM
Quarterly earnings call transcripts for CareTrust REIT.
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