CareTrust REIT

CareTrust REIT, Inc. operates as real estate investment company, which engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

CareTrust REIT reports solid Q4 performance amidst market challenges

CareTrust REIT's Q4 2022 performance showcased stability in rent, strong portfolio tenants, and strategic financial management despite some operational challenges.
The company's focus on actionable acquisitions, local expertise utilization, and addressing market uncertainties positions them for growth and operational improvement.
With a proactive approach to portfolio optimization and readiness for external growth, CareTrust REIT navigates challenges and leverages opportunities in the market.

CareTrust REIT reports resilient performance amidst regulatory challenges and growth opportunities

CareTrust REIT (CTRE) showcased strong performance in investment activity and portfolio management, despite challenges in underperforming assets and regulatory concerns.
The company's strategic strengths in relationship-based lending, asset transitions, and portfolio coverage position it well for future growth and resilience.
While facing challenges such as staffing requirements and financial adjustments, CareTrust REIT can leverage opportunities in operator relationships and acquisitions for sustainable success.
Overall, CareTrust REIT's Q1 2023 earnings call highlights a balanced approach to navigating industry dynamics, focusing on operational efficiency, and driving long-term value.

CareTrust REIT reports strong Q2 performance with growth opportunities

CareTrust REIT's Q2 2023 showcased positive momentum in investments and operational performance.
While facing challenges in normalized FFO and FAD, the REIT maintains strong liquidity and growth opportunities.
With a focus on disciplined underwriting and portfolio diversification, CareTrust REIT is poised for future growth.
Clear communication on lease structures and strategic adjustments can further enhance operational efficiency and profitability.

CareTrust REIT reports solid Q3 performance amidst operational challenges

CareTrust REIT's Q3 performance showed solid financial metrics and strategic investments, positioning the company for future growth.
While facing challenges like lease coverage trends and staffing mandates, CareTrust's strong liquidity and balance sheet strengths provide a foundation for success.
Opportunities lie in high-yield investments, lease resets, and a positive investment outlook, indicating a promising future for CareTrust REIT.

CareTrust REIT reports strong Q4 earnings, eyes growth opportunities

CareTrust REIT demonstrated robust financial performance and liquidity, with a positive outlook for earnings in 2024.
The company faces challenges related to financing issues and provisioning driven by industry recovery caution.
Opportunities lie in new investments, portfolio optimization, and strategic growth initiatives amidst a recovering market.
Overall, CareTrust REIT's focus on stability, growth, and risk management positions it well for future success in the industry.

CareTrust REIT excels in Q1 2024, poised for strategic growth

CareTrust REIT delivers strong financial performance, strategic investments, and robust liquidity, positioning for continued growth and value creation.
Despite potential challenges in market dynamics and risk management, the company's proactive approach to governance and investment decisions mitigates risks and enhances resilience.
With a clear focus on growth opportunities, demographic trends, and prudent financial management, CareTrust REIT remains well-positioned for sustained success in the real estate investment market.

CareTrust REIT reports strong Q2 earnings and strategic growth focus

CareTrust REIT's Q2 2024 Earnings Call highlighted robust financial performance, strategic investments, and a focus on quality care and long-term growth.
The company's emphasis on operator-first approach, strong liquidity, and increased guidance reflect a positive outlook for future growth and stability.
While facing competitive investment challenges, CareTrust REIT's prudent strategies and market positioning offer opportunities for sustained success.

CareTrust REIT reports robust Q3 performance and eyes growth opportunities

CareTrust REIT delivered a strong performance in Q3 2024, with notable market cap growth, successful acquisitions, and improved financial metrics.
The company's focus on operational excellence, solid liquidity position, and raised guidance for 2024 reflect a positive outlook for future growth.
While facing challenges such as market uncertainties and regulatory changes, CareTrust REIT remains well-positioned to leverage opportunities for expansion and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

CareTrust REIT, Inc. engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 4-facility, 396-bed/unit skilled nursing portfolio located in the Mid-Atlantic for a total investment amount of approximately $74.7 million (inclusive of transaction costs). One of the four facilities acquired is a skilled nursing and assisted living campus, which includes 47 assisted living units. In connection with the acquisition, the company entered into a triple-net master lease w.

CareTrust REIT Acquires Four Skilled Nursing Facilities in Mid-Atlantic for $74.7 Million; Reports Reloaded Pipeline of $240 Million

CareTrust REIT is a top choice for healthcare exposure as well as REIT exposure, with strong growth potential and an impressive 1H performance. CTRE's robust balance sheet and strategic acquisitions have driven significant share price appreciation, outperforming peers and the broader market. Despite economic risks, CareTrust REIT's strong fundamentals and healthcare sector stability justify a continued buy rating, with an upside price target of $35.49.

CareTrust REIT: Looking For Healthcare Exposure? You Should Consider This REIT

CareTrust REIT has shown strong fundamentals with high rent collection, a 9.9% yield on new investments, and a robust balance sheet with low leverage. The company is well-positioned for growth, benefiting from favorable Medicare rate increases and acquisition opportunities in the skilled nursing sector. Despite these strengths, CTRE's current P/FFO of 20.2 suggests a 'Hold' rating, making it less attractive for value investors at its current price.

CareTrust REIT Surges: Riding High On Skilled Nursing Strength

Agree Realty

Agree Realty and CareTrust REIT share prices have rallied since July due to cooling inflation. Additionally, both offer long-term upside due to high-quality business models and strong fundamentals. Agree Realty benefits from investment-grade tenants, a strong balance sheet, and a superior cost of capital, making them less susceptible to economic downturns. CareTrust REIT excels with a low net debt to EBITDA, a strong acquisition pipeline, and a well-covered dividend, positioning them for future growth.

Rates Down, REITs Up: Two Quality REITs To Own For Long-Term Gains

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today the acquisition of two skilled nursing facilities in separate transactions with a total investment amount of approximately $62.1 million. On August 29th, 2024, the company acquired a 125-licensed bed skilled nursing facility in the Mid-Atlantic. Separately, on August 7th, 2024, the company closed an investment in a 134-licensed bed skilled nursing facility located on the West Coast. CareTrust's investment in.

CareTrust REIT Announces $62.1 Million Acquisition of Two Skilled Nursing Facilities in Separate Transactions; Pipeline Replenished

Does CareTrust REIT (CTRE) have what it takes to be a top stock pick for momentum investors? Let's find out.

CareTrust REIT (CTRE) Is Up 4.96% in One Week: What You Should Know

360 Finance Inc - ADR

QFIN, CTRE and BPMUF made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 28, 2024.

Best Momentum Stock to Buy for August 28th

Alexander's

NexPoint Real Estate Finance

With the possibility of multiple rate cuts back on the table this year, Real Estate Investment Trusts (REITs) may stand to benefit the most as these equities rely on debt to finance their operations and acquire properties.

3 Highly Ranked REITs to Buy with Rate Cuts Ahead

Are You Looking for a Top Momentum Pick? Why CareTrust REIT (CTRE) is a Great Choice

CareTrust REIT, Inc. (NYSE:CTRE ) Q2 2024 Earnings Conference Call August 2, 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 James Callister - Chief Investment Officer Conference Call Participants Jonathan Hughes - Raymond James Austin Wurschmidt - KeyBanc Capital Markets Michael Carroll - RBC Capital Markets Juan Sanabria - BMO Capital Markets John Pinkowski - Wells Fargo Rich Anderson - Wedbush Alec Feygin – Baird Operator Thank you for standing by. My name is Mandeep, and I will be your conference operator today.

CareTrust REIT, Inc. (CTRE) Q2 2024 Earnings Call Transcript

The headline numbers for CareTrust REIT (CTRE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

CareTrust REIT (CTRE) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

CareTrust REIT (CTRE) came out with quarterly funds from operations (FFO) of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.35 per share a year ago.

CareTrust REIT (CTRE) Q2 FFO Match Estimates

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

CareTrust REIT Announces Second Quarter 2024 Operating Results

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded approximately $378 Million in new investments this week, including the funding of a $260 million senior mortgage loan and a $43 million preferred equity investment in connection with the borrower's acquisition of a 37-facility skilled nursing and seniors housing portfolio located in the Pacific Northwest. The $378 million in investments was funded using cash on hand. The portfolio consists.

CareTrust REIT Funds $378 Million in New Investments; Announces Replenished Investment Pipeline of $270 Million

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Sets Second Quarter Earnings Call for Friday, August 2, 2024.

CareTrust REIT Sets Second Quarter Earnings Call for Friday, August 2, 2024

American Tower

AvalonBay Communities

Brookfield Asset Management

Cullen/Frost Bankers

Comcast

Camden Property

Dollar General

SPDR Dow Jones Industrial Average ETF

Dollar Tree

Essex Property Trust

iShares Global Clean Energy ETF

InvenTrust Properties Corp

Mid-America Apartment Communities

Invesco QQQ

Rexford Industrial Realty

SPDR S&P 500 ETF Trust

Sempra Energy

Invesco Solar ETF

Welltower

Walmart

Energy Select Sector SPDR Fund

Economic data suggests a recession may be looming, with signs of weakening in the labor market and consumer spending. Investing based on politics is not recommended, as market reactions to political events can be unpredictable and counterintuitive. The resurgent trade war is expected to have negative impacts on the economy, with potential inflation and job losses.

8 Stocks I'm Buying As A Resurgent Trade War Looms

CareTrust REIT is a strong addition to a portfolio for income generation and growth potential. The company has shown impressive revenue growth and acquisitions, but flat earnings. But earnings are projected to grow at 7.2% going forward. With a strong balance sheet and growth strategy, CareTrust REIT is positioned for further growth and potential upside in share price.

CareTrust REIT: A Growing REIT That Deserves A Spot In Your Portfolio

CareTrust REIT is a Sun Belt-focused triple net lease Healthcare REIT investing primarily in skilled nursing facilities. The company has outperformed broad US REIT benchmarks in 2024, taking its market implied cap rate to 6.1% and FFO multiple to 17.4. With rent indexation, investors are still looking at a high single-digit returns.

CareTrust REIT: Solid Operational Performance, But I Don't Like The Capital Structure

Digital Realty Trust

REITs have crashed due to rising interest rates. But a lot of REITs are doing very well. Here are 3 REITs that could thrive regardless of whether interest rates go up or down.

Forget The Fed, These 3 REITs Could Thrive Regardless Of Interest Rate Changes

Investors need to pay close attention to CareTrust REIT (CTRE) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in CareTrust REIT (CTRE) Stock?

Adient

ADNT, CALB and CTRE have been added to the Zacks Rank #5 (Strong Sell) List on June 6, 2024.

New Strong Sell Stocks for June 6th

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Celebrates 10-Year Anniversary with Major Transactions and Expanded Pipeline of $460 Million.

CareTrust REIT Celebrates 10-Year Anniversary with Major Transactions and Expanded Pipeline of $460 Million

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Issues New Investor Presentation for NAREIT'S REITweek 2024 Conference.

CareTrust REIT Issues New Investor Presentation for NAREIT'S REITweek 2024 Conference

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded $90 million of a senior mortgage loan in connection with the borrower's acquisition of an 8-facility skilled nursing portfolio located in the Southeastern United States. The portfolio, consisting of 1,011 skilled nursing beds and 150 assisted living beds, has been acquired by an experienced, regional health care real estate owner and operator, which took over operations effective June 1, 2.

CareTrust REIT Funds $90 Million Loan and $9 Million Preferred Equity Investment for Acquisition of 8 Skilled Nursing Facilities in Southeast; Reports Expanded Pipeline of $460 Million

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 5-facility, 498 licensed bed, skilled nursing portfolio located in the Southeastern United States for a total investment amount of approximately $80.9 million (inclusive of transaction costs). In connection with the acquisition, the company entered into a new triple-net master lease with affiliates of YAD Healthcare, a new operator relationship for the company and an experienced skille.

News for CareTrust REIT Stock (CTRE)