CareTrust REIT — Third Quarter 2026 Earnings Summary

CareTrust REIT reported third-quarter 2026 net income of $83.7 million, with normalized FFO and normalized FAD per share increasing 20% year-over-year to $0.54 and $0.53, respectively. The company closed $739.5 million in investment activity during the quarter at an 8.3% stabilized yield and initiated the acquisition of 45 U.K. care homes from LNT Care Developments for approximately £1.1 billion. Following the quarter, CareTrust secured a new $700 million unsecured term loan and expanded its revolving credit facility to $2.0 billion, maintaining a net debt-to-annualized normalized run rate EBITDA ratio of 1.4x. The company raised its full-year 2026 guidance, projecting net income per share between $1.50 and $1.51, normalized FFO per share between $2.08 and $2.09, and normalized FAD per share between $2.04 and $2.05.