United States

Normalized FFO (TTM)

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Normalized FFO/share Guidance

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CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. CareTrust owns a diversified portfolio across the country including 191 net-leased healthcare properties and three operated seniors housing properties in 24 states, CareTrust pursues opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.

CareTrust

If the REIT is managed by an internal (employees) or external (separate company) team

As a long-term debt issuer, CTRE is classified as speculative grade

Year: 2019

Years since IPO: 7/15,
Normalized FFO Growth: 15/15,
Normalized FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Year: 2020

Years since IPO: 7/15,
Normalized FFO Growth: 15/15,
Normalized FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Year: 2021

Years since IPO: 7/15,
Normalized FFO Growth: 15/15,
Normalized FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Year: 2022

Years since IPO: 10/15,
Normalized FFO Growth: 15/15,
Normalized FFO/share Growth: 18/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Year: 2023

Years since IPO: 10/15,
Normalized FFO Growth: 10/15,
Normalized FFO/share Growth: 15/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Year: 2024

Years since IPO: 10/15,
Normalized FFO Growth: 15/15,
Normalized FFO/share Growth: 18/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Years since IPO

Analysis of the recent Normalized FFO performance

Normalized FFO Growth

Analysis of the recent Normalized FFO per share performance

Normalized FFO/share Growth

Analysis of the recent Dividend track record

Dividend Growth

Payout level to determine if the dividend is safe

Payout Ratio

Debt analysis that uses Debt/Assets and Debt/EBITDA to determine if leverage levels are under control

Debt

U.S. equity markets advanced for a second week while benchmark interest rates retreated from five-month highs after a critical slate of employment data showed a long-awaited cooldown in hiring trends. Foreshadowed by "dovish" remarks from Fed Chair Powell at the FOMC's policy meeting, payrolls data showed that job growth slowed to six-month lows while wage growth cooled to three-year lows. Following its best week since November, the S&P 500 advanced 0.6%, while bonds caught a bid this week across the yield and maturity curve.

The Labor Downshift

CareTrust REIT, Inc. (NYSE:CTRE ) Q1 2024 Results Conference Call May 3, 2024 1:00 PM ET Company Participants Lauren Beale - Senior Vice President and Controller Dave Sedgwick - President and Chief Executive Officer Bill Wagner - Chief Financial Officer Conference Call Participants Jonathan Hughes - Raymond James Juan Sanabria - BMO Capital Markets Michael Carroll - RBC Capital Markets Tayo Okusanya - Deutsche Bank Alec Feygin - Baird Austin Wurschmidt - KeyBanc Capital Markets Joe Dickstein - Jefferies Operator Thank you for standing by. My name is Mark, and I will be your conference operator today.

CareTrust REIT, Inc. (CTRE) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for CareTrust REIT (CTRE) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, CareTrust REIT (CTRE) Q1 Earnings: A Look at Key Metrics

CareTrust REIT (CTRE) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.35 per share a year ago.

CareTrust REIT (CTRE) Misses Q1 FFO Estimates

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces First Quarter 2024 Operating Results.

CareTrust REIT Announces First Quarter 2024 Operating Results

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded a $26.7 million mortgage loan in connection with the borrower's acquisition of a 2-asset, skilled nursing portfolio with a total of 276 licensed beds and located in Tennessee. The borrower group under the loan is an experienced, regional health care real estate owner and investor. The facilities will be operated by affiliates of The Ensign Group, Inc. (Nasdaq: ENSG), which took over operat.

CareTrust REIT Funds Mortgage Financing with Purchase Option on Tennessee Skilled Nursing Facilities; Reports Reloaded Pipeline of $260 Million and Q1 ATM Activity of $273 Million

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Sets First Quarter Earnings Call for Friday, May 3, 2024.

CareTrust REIT Sets First Quarter Earnings Call for Friday, May 3, 2024

REITs bounced back from a rough start to the year with a strong +3.26% average total return in March. Mid cap (+5.04%), small cap (+3.90%) and large cap REITs (+2.32%) averaged gains in March, while micro caps (-0.32%) saw yet another month in the red. 78.06% of REIT securities had a positive total return in March.

The State Of REITs: April 2024 Edition

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Achieves ISS ESG “Prime” Status for 2024.

CareTrust REIT Achieves ISS ESG “Prime” Status for 2024

Inflation remains high, making a June rate cut unlikely, but creating an opportunity to buy discounted stocks in the REIT sector.

Ways To Maximize Your Retirement With BDCs And REITs

U.S. equity markets declined this week while benchmark interest rates jumped to the highest level since November after stronger-than-expected employment data showed robust hiring trends in early 2024. Stagflation has crept back into the economic discussion over the past several weeks amid a resurgence in oil prices alongside economic data showing stubbornly lukewarm inflationary trends. Following two straight weeks of gains which had lifted the benchmark to record-highs, the S&P 500 declined by 0.9% this week. Real estate equities were among the laggards this week.

A Crude Problem

CareTrust REIT has outperformed its peers in the healthcare REIT sector over the past year, up by nearly 27%. They also outperformed their peers, Omega Healthcare Investors & Sabra Healthcare REIT. The company has a safe dividend payout ratio and has raised its dividend for 9 consecutive years, with the latest, a 4% increase to $0.29. CareTrust REIT has a low-leverage balance sheet, strong acquisition growth, and increased liquidity, positioning it for future growth and acquisitions.

CareTrust REIT: This Near 5% Yielding Healthcare REIT Is A Great Long-Term Buy For Dividend Investors

CareTrust REIT is a healthcare real estate investment trust focused on senior facilities. The trust owns a large portfolio of Skilled Nursing facilities and benefits from aging trends in the US. CareTrust REIT has strong EBITDA/FFO growth, a low payout ratio, and a growing dividend, making it an attractive option for passive income investors.

CareTrust REIT: 4.7% Yield And Long-Term Growth Potential

SAN CLEMENTE, CALIF.--(BUSINESS WIRE)--CARETRUST REIT ANNOUNCES FIRST QUARTER 2024 OPERATING RESULTS.

CARETRUST REIT ANNOUNCES FIRST QUARTER 2024 OPERATING RESULTS

SAN CLEMENTE, CALIF.--(BUSINESS WIRE)--CARETRUST REIT, INC. (NYSE:CTRE) ANNOUNCED TODAY THAT IT HAS FUNDED A $26.7 MILLION MORTGAGE LOAN IN CONNECTION WITH THE BORROWER'S ACQUISITION OF A 2-ASSET, SKILLED NURSING PORTFOLIO WITH A TOTAL OF 276 LICENSED BEDS AND LOCATED IN TENNESSEE. THE BORROWER GROUP UNDER THE LOAN IS AN EXPERIENCED, REGIONAL HEALTH CARE REAL ESTATE OWNER AND INVESTOR. THE FACILITIES WILL BE OPERATED BY AFFILIATES OF THE ENSIGN GROUP, INC. (NASDAQ: ENSG), WHICH TOOK OVER OPERAT.

CARETRUST REIT FUNDS MORTGAGE FINANCING WITH PURCHASE OPTION ON TENNESSEE SKILLED NURSING FACILITIES; REPORTS RELOADED PIPELINE OF $260 MILLION AND Q1 ATM ACTIVITY OF $273 MILLION

SAN CLEMENTE, CALIF.--(BUSINESS WIRE)--CARETRUST REIT SETS FIRST QUARTER EARNINGS CALL FOR FRIDAY, MAY3, 2024.

CARETRUST REIT SETS FIRST QUARTER EARNINGS CALL FOR FRIDAY, MAY 3, 2024

SAN CLEMENTE, CALIF.--(BUSINESS WIRE)--CARETRUST REIT ACHIEVES ISS ESG PRIME STATUS FOR 2024.

CARETRUST REIT ACHIEVES ISS ESG PRIME STATUS FOR 2024

SAN CLEMENTE, CALIF.--(BUSINESS WIRE)--CARETRUST REIT, INC. (NYSE:CTRE) ANNOUNCED TODAY THAT IT HAS PURCHASED THREE CONTINUING CARE RETIREMENT COMMUNITIES (CCRCS) LOCATED IN LOS ANGELES, ORANGE, AND SAN DIEGO COUNTIES. THE MULTI-SERVICE SENIOR LIVING CAMPUSES INCLUDE 475 ASSISTED LIVING, SKILLED NURSING, AND MEMORY CARE BEDS/UNITS. ALL THREE FACILITIES WILL BE OPERATED BY BAYSHIRE SENIOR COMMUNITIES, AN EXISTING CARETRUST TENANT BASED IN SOUTHERN CALIFORNIA. CARETRUST ACQUIRED TORREY PINES SENI.

CARETRUST REIT INVESTS $60 MILLION IN ACQUISITION OF THREE SOUTHERN CALIFORNIA CONTINUING CARE RETIREMENT COMMUNITIES

SAN CLEMENTE, CALIF.--(BUSINESS WIRE)--CARETRUST REIT RAISES QUARTERLY DIVIDEND TO $0.29 PER SHARE.

CARETRUST REIT RAISES QUARTERLY DIVIDEND TO $0.29 PER SHARE

SAN CLEMENTE, CALIF.--(BUSINESS WIRE)--CARETRUST REIT, INC. (NYSE:CTRE) ANNOUNCED TODAY THE ACQUISITION OF THREE SKILLED NURSING FACILITIES FOR APPROXIMATELY $55.6 MILLION, INCLUSIVE OF TRANSACTION COSTS. THE PORTFOLIO, CONSISTING OF 210 SKILLED NURSING BEDS AND 24 ASSISTED LIVING UNITS, WILL BE ADDED TO CARETRUST'S EXISTING MASTER LEASE WITH AFFILIATES OF PACS GROUP, INC., WHO HAS BEEN OPERATING THE FACILITIES FOR A THIRD-PARTY LANDLORD. TWO OF THE FACILITIES ARE LOCATED IN HOUSTON, TEXAS AND.

CARETRUST REIT ACQUIRES THREE PROPERTY SKILLED NURSING PORTFOLIO IN TEXAS AND MISSOURI

SAN CLEMENTE, CALIF.--(BUSINESS WIRE)--CARETRUST REIT ANNOUNCES FOURTH QUARTER & FULL YEAR 2023 OPERATING RESULTS.

CARETRUST REIT ANNOUNCES FOURTH QUARTER & FULL YEAR 2023 OPERATING RESULTS

NEW YORK , FEB. 5, 2024 /PRNEWSWIRE/ --NORTHWIND GROUP, A REAL ESTATE PRIVATE EQUITY FIRM AND DEBT FUND MANAGER, ANNOUNCED TODAY THAT NORTHWIND HEALTHCARE DEBT FUND IILED THE ORIGINATION OF TWO MEZZANINE LOANS TOTALING $105 MILLION SECURED BY TWO PORTFOLIOS OF 25 PROPERTIES COMPRISED OF 2,920 SKILLED NURSING BEDS AND 186 ASSISTED LIVING UNITS LOCATED IN VIRGINIA AND MISSOURI. CARE TRUST REIT, INC (NYSE: CTRE) PARTICIPATED WITH $44.8 MILLION IN THE MEZZANINE LOANS AND DEUTSCHE BANK LED $310 MILLION IN SENIOR FINANCINGS FOR THE TRANSACTIONS TOGETHER WITH CIBC.

NORTHWIND GROUP AND CARE TRUST REIT PROVIDE $105 MILLION IN MEZZANINE LOANS SECURED BY 25 SKILLED NURSING AND ASSISTED LIVING PROPERTIES IN VIRGINIA AND MISSOURI

SAN CLEMENTE, CALIF.--(BUSINESS WIRE)--CARETRUST REIT, INC. (NYSE:CTRE) ANNOUNCED TODAY THAT IT HAS PARTICIPATED IN THE ORIGINATION OF OVER $52 MILLION IN MEZZANINE LOANS SECURED BY THREE PORTFOLIOS OF 26 PROPERTIES COMPRISED OF 3,050 SKILLED NURSING BEDS AND 186 ASSISTED LIVING UNITS LOCATED IN VIRGINIA, MISSOURI, AND CALIFORNIA. CARETRUST'S PARTICIPATION IN THE VIRGINIA AND MISSOURI MEZZANINE FINANCINGS WAS DONE ALONGSIDE A CO-LENDER: THE NORTHWIND GROUP, WHOSE HEALTHCARE PORTFOLIO INCLUDES I.

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Financials Overview

Financial Reports

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Diversification by Property Type

Diversification by Country

Press Releases

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