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.

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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.

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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.

Due to aging demographics, health care REITs offer opportunities that office and residential real estate do not.

Top Dividend Stocks: CareTrust REIT Offers Silver Lining With 5.5% Yield

CareTrust REIT (CTRE) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.37 per share a year ago.

CareTrust REIT (CTRE) Q2 FFO Miss Estimates

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Second Quarter 2023 Operating Results.

CareTrust REIT Announces Second Quarter 2023 Operating Results

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Sets Second Quarter Earnings Call for Friday, August 4, 2023.

CareTrust REIT Sets Second Quarter Earnings Call for Friday, August 4, 2023

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded a $15.7 million mortgage loan on a 2-asset, 115-bed skilled nursing portfolio located in the State of Florida. The borrowers under the loan are affiliates of Elevation Group, LLC, a Florida-based skilled nursing operator led by industry veterans Ken and Dan Funk. Elevation is an existing tenant of CareTrust. Proceeds of the loan were used to refinance Elevation's existing loan on its Athen.

CareTrust REIT Funds Mortgage Financing on Southeast SNFs; 96% of Year-to-Date $215.4 Million Investments Funded with Equity

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SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it recently closed two separate transactions on the West Coast with an aggregate initial investment amount of approximately $45.2 million. The investments include the acquisition of a skilled nursing facility as well as the funding of a mortgage loan secured by a California skilled nursing, assisted living, and independent living campus. On June 30, 2023, CareTrust acquired a 99-bed skilled nursing faci.

CareTrust REIT Closes $45 Million of Investments in Skilled Nursing and Seniors Housing Facilities

CareTrust REIT is currently trading at a 5.8% dividend yield while maintaining a very conservative 76% payout ratio. Rent coverage of the tenants is exceptionally high with occupancy steadily increasing. Long escalator-based leases provide good financial stability.

CareTrust REIT: Decent Yield And Attractive Risk Profile

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Investors have good reason to be concerned about the real-estate market. It has been obvious for decades that the U.S. has too many retail properties, and now, changing work habits promise to put downward pressure on office lease prices for years to come.

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SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Issues New Investor Presentation for NAREIT'S REITweek 2023 Conference.

CareTrust REIT Issues New Investor Presentation for NAREIT's REITweek 2023 Conference

CareTrust REIT has a strong balance sheet and a well-structured debt profile, allowing it to take advantage of depressed property prices in the senior housing sector. CTRE's debt to EBITDA ratio is significantly lower than the sector average, and its debt financing structure allows for opportunistic acquisitions and aggressive pricing. The company's current valuation does not fully reflect its growth potential and strong financial position, making it an attractive investment opportunity.

CareTrust REIT: Opportunistic Capital Structure At The Right Moment

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has worked together with a regional investor in healthcare real estate to facilitate the acquisition of a multi-facility portfolio of skilled nursing facilities located on the West Coast. As part of the transaction, CareTrust acquired three skilled nursing facilities on June 1, 2023 with one additional facility scheduled to close once third-party consents have been obtained. The four-property acquisi.

CareTrust REIT Adds New Operator in West Coast Portfolio Acquisition

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 105-unit, two-facility memory care portfolio with facilities located in Ohio and Michigan. The facilities will be operated by affiliates of Ridgeline Management Company under a new, 15-year master lease with CareTrust that includes two, 5-year extension options and annual CPI-based rent escalators. Ridgeline is an experienced seniors housing and memory care operator with facilities acr.

CareTrust REIT Acquires Two Memory Care Facilities with Experienced Operator

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 125-bed skilled nursing facility located in the greater Houston metropolitan area. The facility will be operated by an affiliate of Evergreen Health Group, LLC, a new tenant relationship for CareTrust. Evergreen Health Group is a Texas-based operator of skilled nursing facilities primarily owned by Selina Chao, a proven and experienced industry veteran. Evergreen, who took over operati.

CareTrust Expands in Texas with New Operator Relationship

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The economy is clearly slowing, if not contracting. REIT investors should consider pivoting to property sectors with stronger countercyclical performance. Top options for a slowing or contracting economy include health care and self-storage, though the oversold retail sector may present some opportunities.

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CareTrust REIT, Inc. (NYSE:CTRE ) Q1 2023 Earnings Conference Call May 11, 2023 1:00 PM ET Company Participants Lauren Beale - Investor Relations Dave Sedgwick - President and Chief Executive Officer Bill Wagner - Chief Financial Officer James Callister - Chief Investment Officer Conference Call Participants Steven Valiquette - Barclays Jonathan Hughes - Raymond James Austin Wurschmidt - KeyBanc Michael Carroll - RBC Capital Markets Tayo Okusanya - Credit Suisse Operator Good day. My name is Emma and I will be your conference operator today.

CareTrust REIT, Inc. (CTRE) Q1 2023 Earnings Call Transcript

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 $0.37 per share a year ago.

CareTrust REIT (CTRE) Misses Q1 FFO and Revenue Estimates

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended March 31, 2023, as well as other recent events. For the quarter, CareTrust REIT reported: 96.3% of contractual rents collected; Net income of $19.2 million and net income per share of $0.19; Normalized FFO of $35.0 million and normalized FFO per share of $0.35; Normalized FAD of $36.6 million and normalized FAD per share of $0.37; and Increased the quarterly dividend to.

CareTrust REIT Announces First Quarter 2023 Operating Results

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Sets First Quarter Earnings Call for Thursday, May 11, 2023.

CareTrust REIT Sets First Quarter Earnings Call for Thursday, May 11, 2023

The management has been patiently and steadily acquiring new properties and has taken a proactive approach to shifting the portfolio away from senior housing. The company will likely grow at 3-5% AFFO per year in the next 5 years allowing it to outperform its peers once again.

CareTrust REIT: Great Company For Income Investors

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 136-unit, two-facility memory care portfolio located in the greater Chicago metropolitan area. The facilities will be operated by affiliates of Chapters Living, LLC, a new operator relationship for CareTrust. Chapters Living is a seniors housing and memory care operator based in the Midwest led by industry veteran Danny Stricker. Chapters took over operations at the facilities from the.

CareTrust REIT Acquires Two Illinois Memory Care Facilities with New Operator Relationship

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 148-bed skilled nursing facility located in the greater Atlanta metropolitan area. The acquisition represents CareTrust's second skilled nursing facility in the State of Georgia. Concurrently with the acquisition, CareTrust has entered into a new tenant relationship with Elevation Group, LLC, a Florida-based skilled nursing operator led by two industry veterans and brothers Ken and Dan.

CareTrust REIT Grows in Georgia with New Operator Relationship

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