newsfilter
← Latest News
Business Wire·

CareTrust REIT Announces Second Quarter 2026 Operating Results; Increases 2026 Guidance

CTRE
  • CareTrust REIT reported net income of $89.0 million ($0.38 per diluted share) for the quarter ended June 30, 2026, representing a 9% increase over the prior year.
  • Normalized FFO reached $119.7 million ($0.51 per share) and Normalized FAD reached $118.5 million ($0.51 per share), both increasing by 19% year-over-year.
  • The company closed $899.6 million in investment activity during the quarter at a blended stabilized yield of 8.9%.
  • Gross proceeds included $578.2 million from an unsettled forward equity offering and $363.6 million from the ATM Program.
  • Net Debt to Annualized Normalized Run Rate EBITDA stood at 1.01x with 100% collection of contractual rent and interest.
  • A quarterly dividend of $0.39 per share was declared, reflecting a payout ratio of approximately 76% based on Normalized FAD.
  • Since quarter end, CareTrust closed $307.9 million in investments at a 7.8% blended stabilized yield and maintains a $540 million investment pipeline.
  • Liquidity position includes $90 million in cash, $671 million in unsettled equity forward proceeds, and $605 million available on its $1.2 billion revolving credit facility as of early August 2026.
  • The company raised its full-year 2026 guidance to net income of $1.53-$1.56 per share, Normalized FFO of $2.03-$2.06 per share, and Normalized FAD of $2.01-$2.04 per share.
  • A conference call to discuss these results is scheduled for Friday, August 7, 2026, at 11:00 a.m. ET.