Earnings ·
Reports Q3 normalized FFO per share up 20% to $0.54; raises full-year guidance
CTRECareTrust REIT, Inc.
CareTrust REIT reported third-quarter net income of $83.7 million, or $0.35 per diluted share, consistent with the prior year. Normalized funds from operations (FFO) rose 20% to $129.2 million, or $0.54 per share, driven by strong rental growth and investment activity. The company closed $739.5 million in investments at an 8.3% yield and raised its full-year 2026 normalized FFO guidance midpoint to approximately $2.09 per share. Additionally, CareTrust secured a new $700 million unsecured term loan maturing in 2032 and expanded its revolving credit facility to $2.0 billion, maintaining a net debt-to-EBITDA ratio of 1.4x. The company operates in the healthcare real estate sector, owning and leasing skilled nursing and senior housing properties.