Business Wire·Nov 11, 2026, 4:37 PM ET

CareTrust REIT, Inc. Announces Launch of Public Offering of Common Stock

CareTrust REIT, Inc. commenced an underwritten public offering of 17,000,000 shares of common stock.
BofA Securities, Morgan Stanley, J.P. Morgan, & Wells Fargo Securities serve as book-running managers.
The Company expects to enter into forward sale agreements with Bank of America & Morgan Stanley.
Underwriters hold a 30-day option to purchase up to an additional 2,550,000 shares.
Forward purchasers may borrow shares from third parties to sell to underwriters, with fallback provisions if borrowing fails or costs exceed thresholds.
The Company intends to physically settle forward sale agreements within approximately one year from the prospectus supplement date.
CareTrust REIT will not receive initial proceeds; net proceeds will be contributed to CTR Partnership, L.P. for general corporate purposes.
An automatic shelf registration statement on Form S-3 became effective on February 17, 2026.
CareTrust REIT is a self-administered REIT owning skilled nursing & seniors housing properties in the US & UK.