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 released a new investor presentation and business update for NAREIT's REITweek 2024 Investor Conference.
CareTrust REIT owns, acquires, develops, and leases skilled nursing, seniors housing, and other healthcare properties across the U.S. The company focuses on both external and organic growth opportunities, holding a nationwide portfolio of long-term net-leased properties. The new presentation is available under the 'Events and Presentations' tab on the CareTrust website.
CareTrust REIT has funded a $90 million senior mortgage loan to support the acquisition of eight skilled nursing facilities in the Southeastern U.S. This loan, part of a total $165 million senior mortgage, carries a five-year maturity and an annual effective yield of 10.7%. The company also made a $9 million preferred equity investment in the borrower’s uptier parent entity, with a yield of 11%. Additionally, CareTrust announced the acquisition of five skilled nursing properties for $81 million, bringing total year-to-date investments to approximately $386 million. The company’s investment pipeline now includes $460 million in near-term opportunities. CareTrust has issued 2.5 million shares quarter-to-date, raising $62.3 million and increasing the total outstanding shares to 144.6 million. The company's current cash on hand is approximately $230 million.
CareTrust REIT (NYSE: CTRE) has acquired a portfolio of 5 skilled nursing facilities in the Southeastern U.S. for approximately $80.9 million, including transaction costs. The acquisition involves a new triple-net master lease with YAD Healthcare, featuring a 10-year initial term, two 5-year extension options, and a first-year lease yield of 9%. The deal was funded with cash on hand. Additionally, CareTrust provided $99 million in portfolio acquisition financing to a regional operator, bringing year-to-date investments to $386 million and the investment pipeline to $460 million.
The company issued 2.5 million shares at $24.90 each, generating $62.3 million in gross proceeds and now holds $230 million in cash. The outstanding share count stands at 144.6 million.
CareTrust REIT Announces First Quarter 2024 Operating Results
CareTrust REIT, Inc. (NYSE:CTRE) reported investments of $118.8 million for the quarter and $206.5 million year-to-date with a stabilized yield of 11.1% and 10.5%, respectively. They sold 11.6 million shares for $273.2 million, collected 98.0% of rent, earned $28.7 million in net income, and had a 3.6% dividend increase. CareTrust updated guidance for 2024, projecting net income of $1.01-$1.03 per share, normalized FFO of $1.42-$1.44, and normalized FAD of $1.46-$1.48 with a conference call scheduled on May 3, 2024.
CareTrust REIT, Inc. (NYSE:CTRE) funded a $26.7 million mortgage loan for a 2-asset skilled nursing portfolio in Tennessee. The facilities will be operated by The Ensign Group, Inc. The company reported a $260 million investment pipeline and $273 million Q1 ATM activity.
FAQ
What is the current stock price of Caretrust (CTRE)?
What is the market cap of Caretrust (CTRE)?
