Caretrust Stock Price, News & Analysis

CareTrust REIT (CTRE) reported its Q3 2021 financial results, highlighting 96.2% of contractual rents collected. The firm generated a net income of $11.9 million, or $0.12 per share, alongside normalized FFO of $36.7 million, a 13% year-over-year increase. The quarterly dividend remains at $0.265 per share. Notably, skilled nursing occupancy rose from 69.7% in June to 71.5% in September, with almost 60% of facilities nearing pre-pandemic levels. However, labor shortages and rising costs pose challenges. The company updated its 2021 guidance, raising expected FFO to $1.49-$1.50 per share.

CareTrust REIT (NASDAQ:CTRE) announced it will release its third quarter 2021 financial results on November 8, 2021, before U.S. markets open. Management will host a conference call at 2:00 p.m. ET to discuss the results. Interested stakeholders can join by calling (844) 220-4972 for U.S./Canada or (317) 973-4053 internationally, using conference ID 4158737. The call will also be available as a webcast, and a replay will be accessible on the company's website for 30 days. CareTrust REIT focuses on owning and leasing skilled nursing and healthcare-related properties across the U.S.

CareTrust REIT has declared a quarterly cash dividend of $0.265 per common share, payable to shareholders as of September 30, 2021. The dividend is set for payment on or about October 15, 2021. As a self-administered, publicly-traded real estate investment trust, CareTrust focuses on the ownership and leasing of healthcare-related properties. The company is committed to growth through both external acquisitions and organic development across the U.S.

CareTrust REIT (Nasdaq:CTRE) has released its inaugural Corporate Social Responsibility (CSR) Report, showcasing its commitment to environmental, social, and governance (ESG) initiatives. CEO Greg Stapley emphasized the company's progress since 2019 in addressing ESG priorities despite challenges faced as a triple-net landlord. The report highlights a proprietary Tenant ESG Program that incentivizes tenants to implement positive changes. CareTrust plans to produce annual CSR reports and aligns its reporting with Global Reporting Initiative (GRI) Standards to enhance transparency for stakeholders.

CareTrust REIT (CTRE) reported Q2 2021 results revealing a 12.6% increase in net income to $21.3 million and an 11.4% rise in normalized FFO to $35.8 million. The company maintained a quarterly dividend of $0.265 per share, with a payout ratio of 66% on normalized FAD. The occupancy rate for skilled nursing facilities improved to 69.9%, while assisted living remained steady. A $400 million bond issuance was completed, allowing for the redemption of 2025 notes. 2021 guidance was updated, projecting normalized FFO at $1.48 to $1.50 per share.

CareTrust REIT (Nasdaq: CTRE) announced the acquisition of two skilled nursing facilities in the Austin, Texas area for approximately $32.5 million. The Sedona Trace Health & Wellness Center and Cedar Pointe Health & Wellness Center are now under the management of The Ensign Group (Nasdaq: ENSG). This deal extends the lease term by ten years and includes a $5 million upfront rent reduction, with an annual cash rent increase of around $2.2 million, resulting in an initial cash yield of approximately 8.0%. The acquisition was funded through CareTrust's $600 million unsecured revolving credit facility.

CareTrust REIT (NASDAQ:CTRE) will announce its Q2 2021 financial results on August 5, 2021, after market close. A conference call is scheduled for the following day, August 6, 2021, at 1:00 p.m. ET, for management to discuss the results. Investors can participate via dial-in or listen to the webcast on the company's Investor Relations page. CareTrust REIT specializes in real estate investment related to healthcare, focusing on skilled nursing and seniors housing properties across the U.S.

CareTrust REIT (NASDAQ:CTRE) announced a quarterly cash dividend of $0.265 per common share, payable on or about July 15, 2021. This dividend is for shareholders of record by the close of business on June 30, 2021. CareTrust REIT is engaged in the ownership, acquisition, and leasing of skilled nursing and healthcare-related properties across the U.S. The company is focused on both external and organic growth opportunities in the healthcare real estate sector.

CareTrust REIT, Inc. (NASDAQ:CTRE) has unveiled a new investor presentation and business update at NAREIT’s REITweek 2021 Investor Conference. David Sedgwick, the President and COO, will present this during the conference at 4:30 pm Eastern time. The presentation is accessible under the “Events and Presentations” section on CareTrust’s investor website. CareTrust REIT specializes in owning, acquiring, developing, and leasing healthcare-related properties, including skilled nursing and senior housing, and aims for organic growth and strategic acquisitions nationwide.