Welcome to our dedicated page for Caretrust news (Ticker: CTRE), a resource for investors and traders seeking the latest updates and insights on Caretrust stock.
CareTrust REIT, Inc. (CTRE) provides essential healthcare real estate solutions through its portfolio of skilled nursing, seniors housing, and post-acute care properties. This page serves as your definitive source for official company news and market-moving developments.
Investors and analysts will find curated press releases detailing CTRE's strategic acquisitions, financial results, and partnership announcements. Our repository includes updates on triple-net lease agreements, portfolio expansions, and operational milestones that shape this healthcare REIT's trajectory.
All content is organized chronologically for quick reference, with clear dating and sourcing to ensure transparency. Regular updates provide insights into CTRE's operator-focused strategy and disciplined capital allocation in the healthcare real estate sector.
Bookmark this page for direct access to SEC filings, dividend declarations, and property transaction updates. Check back frequently to stay informed about CareTrust REIT's evolving position in the healthcare facilities market.
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.
CareTrust REIT (NYSE: CTRE) has announced an agreement to acquire Care REIT plc (LON: CRT) in a cash deal valued at US$817 million, including US$577 million in market capitalization and US$240 million in assumed net debt.
The acquisition offers a 32.8% premium to Care REIT's March 10, 2025 closing price. Care REIT's portfolio includes 137 care homes with approximately 7,500 operating beds across the UK, leased to 15 operators with a 20-year weighted average remaining lease term. The properties generate annual contractual rent of US$66 million, representing an initial yield of 8.1%, with a portfolio EBITDARM rent coverage of 2.2x.
The transaction, expected to close in Q2 2025, will be executed through a scheme of arrangement and has received unanimous approval from both companies' boards. CareTrust aims to leverage the UK's growing elderly care market and plans to expand through existing operator relationships and new investments.
CareTrust REIT (NYSE:CTRE) reported strong Q4 and full-year 2024 results with significant investments and financial achievements. The company made $696.5 million in investments at a 9.9% stabilized yield during Q4, and raised $507.8 million through a public stock offering.
Key Q4 metrics include net income of $52.1 million ($0.29 per share), normalized FFO of $72.9 million ($0.40 per share), and a quarterly dividend of $0.29 per share. The company maintained a strong 98.8% rent collection rate and achieved a low leverage ratio of 0.5x.
For full-year 2024, CareTrust reported net income of $125.1 million ($0.80 per share) and normalized FFO of $232.9 million ($1.50 per share). The company provided 2025 guidance projecting net income of $1.35-$1.39 per share and normalized FFO of $1.68-$1.72 per share.
CareTrust REIT (NYSE:CTRE) has scheduled its fourth quarter and full year 2024 financial results release for Wednesday, February 12, 2025, after U.S. markets close. The company will host a conference call on Thursday, February 13, 2025, at 1:00 p.m. Eastern Time to discuss the results.
Investors can join the call using the toll-free number 1 (800) 715-9871 or toll number 1 (646) 307-1963 with conference ID 2243604. A webcast will be available in the Investors section of CareTrust's website, and a replay will be accessible for approximately 30 days following the call.
CareTrust REIT is a self-administered, publicly-traded REIT focused on owning, acquiring, developing, and leasing skilled nursing, seniors housing, and healthcare-related properties across the United States.
CareTrust REIT (NYSE:CTRE) has announced the tax treatment of its 2024 dividends for shareholders. The company distributed a total of $1.15 per share throughout 2024, with 74.16% classified as ordinary dividends and 25.83% as non-dividend distributions. The dividends were paid quarterly, starting with $0.28 per share in January 2024, followed by three payments of $0.29 per share in April, July, and October.
The January 2025 distribution of $0.29 per share, though declared in Q4 2024, will be treated as a 2025 distribution for tax purposes as the company's 2024 cash distributions exceeded its earnings and profits. Shareholders will receive IRS Form 1099-DIV from Broadridge Corporate Issuer Solutions detailing the tax classifications of their dividends.
CareTrust REIT (NYSE:CTRE) has completed Phase 2 of its Tennessee portfolio acquisition, acquiring thirteen additional skilled nursing facilities through a joint venture arrangement. The company invested approximately $176 million in combined common equity and preferred equity, with an initial contractual yield of 9.0%.
The newly-acquired facilities will be operated under long-term master lease agreements, with six facilities managed by The Ensign Group affiliates and seven by Links Healthcare Group affiliates. This brings the total facilities acquired in the portfolio transaction to 27, with a total investment of $421 million.
The company's annual investment total has reached approximately $1.5 billion in 2024, with the final facility acquisition expected in Q1 2025. CareTrust begins 2025 with a replenished investment pipeline of approximately $350 million in near-term, actionable opportunities.
CareTrust REIT (NYSE:CTRE) has announced several key appointments and promotions effective January 1, 2025. Lauren Beale has been appointed as the company's first Chief Accounting Officer (CAO), following her various leadership roles since the company's inception. Additionally, Tri Tran joins as Senior Vice President, Investments, bringing extensive experience in Triple Net Skilled Nursing/Assisted Living and Seniors Housing Operating Properties investments.
The company also announced the promotions of Stephanie Singer to Vice President Financial Reporting and Michael Sotelo to Controller. CEO Dave Sedgwick highlighted that these appointments come at an opportune time following the company's extraordinary growth in 2024, positioning the team to capitalize on new growth opportunities.
