Caretrust Stock Price, News & Analysis

CareTrust REIT (NYSE:CTRE) has acquired a portfolio of 10 skilled nursing facilities in the Pacific Northwest for approximately $146 million through a joint venture arrangement. The portfolio includes 911 licensed beds across Idaho, Oregon, and Washington. CareTrust invested approximately $141 million in common and preferred equity at an initial yield of 9.0%. The acquisition was funded through cash and credit line draws, bringing the revolver balance to $475 million. The facilities are leased to two existing tenants under 15-year triple-net leases with extension options and annual escalators. This transaction brings CareTrust's 2025 investment total to $1.1 billion, following a strong 2024 where they deployed over $1.5 billion in investments. The company continues to expand its portfolio in both US and UK markets following the recent Care REIT acquisition in May.

CareTrust REIT (NYSE:CTRE) has received an upgrade to its investment grade rating from Fitch Ratings to BBB- with a stable outlook. The upgrade reflects the company's success in strengthening its portfolio and balance sheet while deploying $2.5 billion in capital over the past 18 months across seniors housing, skilled nursing, and UK care home investments.

CEO Dave Sedgwick highlighted this achievement as validation of the company's progress in building portfolio resilience and maintaining financial discipline. CareTrust REIT, a self-administered real estate investment trust, specializes in healthcare-related properties with a portfolio of long-term net-leased properties across the United States and United Kingdom.

CareTrust REIT (NYSE: CTRE) has announced its participation in Nareit's REITweek 2025 Investor Conference, scheduled for June 2-5, 2025, in New York. The company will make its presentation materials available on its investor relations website under the "Events and Presentations" section.

CareTrust REIT is a self-administered real estate investment trust specializing in healthcare-related properties, including skilled nursing and seniors housing facilities. The company maintains a portfolio of long-term net-leased properties across the United States and United Kingdom, actively pursuing growth opportunities in both markets through external acquisitions and organic expansion.

CareTrust REIT (NYSE:CTRE) has completed its acquisition of Care REIT plc, marking its entry into the UK healthcare real estate market. The $840.5 million transaction adds 132 care homes with 7,500 beds and two NHS-leased healthcare facilities across England, Scotland, and Northern Ireland. The properties feature long-term triple-net leases with a 20.2-year weighted average remaining lease term and inflation-based rent escalators. The acquisition will add $68.6 million in annualized rental revenue with a strong 2.2x EBITDARM coverage ratio. Management updated 2025 guidance, projecting normalized FFO of $1.75-$1.78 per share. The company expects $5 million in annual synergies post-integration, making the deal 9.4% accretive to normalized FFO per share. The transaction will be financed through cash, credit facility, and a new $500 million unsecured term loan.

CareTrust REIT (NYSE:CTRE) reported strong Q1 2025 results and announced significant strategic moves. The company reported net income of $65.8 million ($0.35 per share) and normalized FFO of $77.8 million ($0.42 per share). Key highlights include shareholders' approval of CareTrust's planned acquisition of Care REIT plc for approximately $856 million, expected to close around May 9, 2025. The company made investments of $47.5 million at a 10.0% stabilized yield and maintained a strong 99.2% rent collection rate. CareTrust increased its quarterly dividend to $0.335 per share and raised its 2025 guidance, projecting normalized FFO of $1.69-$1.73 per share. The company maintains a strong financial position with a net debt-to-EBITDA ratio of 0.5x and successfully raised capital through its ATM Program, selling shares for total gross proceeds of $115.5 million in Q1 and April combined.

CareTrust REIT (NYSE:CTRE) has scheduled its first quarter 2025 financial results release for Thursday, May 1, 2025, after U.S. markets close. The company will host a conference call to discuss the results on Friday, May 2, 2025, at 1:00 p.m. Eastern Time.

Investors can join the conference call via toll-free number 1 (800) 715-9871 or toll number 1 (646) 307-1963 using conference ID 2243604. A webcast will be available in the Investors section of CareTrust's website, with a replay accessible for approximately 30 days following the call.

CareTrust REIT is a self-administered REIT specializing in healthcare-related properties, focusing on skilled nursing and seniors housing facilities across the United States through long-term net-leased properties.

CareTrust REIT (NYSE:CTRE) has announced its final recommended cash offer to acquire Care REIT plc at 108 pence per share through its subsidiary CR United Bidco The offer represents a 32.8% premium to Care REIT's March 10, 2025 closing price and a 28.1% premium to the twelve-month volume-weighted average share price.

CEO Dave Sedgwick emphasized the company's commitment to entering the UK market, highlighting strong interest from UK operators. The cash offer provides certainty amid increasing global market volatility. Additionally, CareTrust announced its US skilled nursing and seniors housing pipeline has expanded to $500 million, indicating continued growth momentum from 2024 into 2025.

CareTrust REIT (NYSE:CTRE) has announced two strategic facility acquisitions in California, totaling approximately $55 million. The first acquisition, completed on April 1, 2025, involves a Los Alamitos campus featuring a 150-bed skilled nursing facility and 140-bed residential care facility. This was structured through a joint venture with $34 million investment at a 9.7% initial yield, leased to The Ensign Group under a 15-year NNN agreement.

The second acquisition, completed on March 1, 2025, is a 160-bed residential care facility in Concord, California, purchased for $20.6 million. This facility will be operated by Kalesta Healthcare Group under an existing master lease, generating approximately $1.9 million in first-year annual cash rent. Both investments were funded using cash on hand and include CPI-based annual escalators.

CareTrust REIT (NYSE:CTRE) has announced a significant increase in its quarterly common stock cash dividend, raising it from $0.29 to $0.335 per share, representing a 15.5% increase. The dividend will be paid around April 15, 2025, to stockholders of record as of March 31, 2025.

CEO Dave Sedgwick attributed this substantial dividend hike to an 'extraordinary year of growth' in the previous year. He emphasized that despite the significant increase, the company expects to maintain a conservative payout ratio while retaining capital for future investments.

CareTrust REIT operates as a self-administered real estate investment trust specializing in healthcare-related properties, including skilled nursing and seniors housing facilities. The company maintains a nationwide portfolio of long-term net-leased properties and continues to pursue both external and organic growth opportunities across the United States.