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CareTrust REIT — Third Quarter 2026 Earnings Summary

  • Reported Q3 2026 net income of $0.35 per share (flat YoY) and Normalized FFO of $0.54 per share, marking a 20% YoY increase alongside a 33% rise in total revenues to $176.4 million.
  • Raised full-year 2026 guidance midpoints to $1.50–$1.51 for net income, $2.08–$2.09 for Normalized FFO, and $2.04–$2.05 for Normalized FAD, projecting 18.5% and 16.2% growth over 2025 results respectively.
  • Executed $739.5 million in investment activity during the quarter and closed a $733 million acquisition of 45 U.K. care homes post-quarter end, maintaining a $1.2 billion investment pipeline.
  • Strengthened balance sheet liquidity by closing a new $700 million term loan and expanding the revolving credit facility to $2.0 billion, with no debt maturities scheduled prior to 2028.
Company
CARETRUST REIT INC
Sector
Real Estate
Industry
REIT - Healthcare Facilities