Recent Updates — CTRE

On October 29, 2026, CareTrust REIT and its operating partnership entered into a fourth amended and restated credit agreement with KeyBank. The new facility includes a $2.0 billion unsecured revolving credit facility maturing in February 2031 and a new $700 million unsecured term loan facility maturing in February 2032, alongside an existing $500 million term loan maturing in May 2030. The company intends to use the proceeds to refinance existing debt, fund investments, and for general corporate purposes. CareTrust REIT is a real estate investment trust that owns and operates healthcare properties.

CareTrust REIT completed the acquisition of 24 UK care homes from LNT Care Developments for approximately £576 million ($764 million), with an option to acquire 21 additional in-development properties for £504 million ($669 million) through December 2027. The transaction, funded via forward equity settlements and a revolving credit facility draw, involves triple-net leases guaranteed by LNT during a lease-up phase, followed by a transition to a RIDEA-compliant SHOP structure upon stabilization. CareTrust also revised its full-year 2026 guidance upward, projecting normalized FFO of $2.06–$2.09 per share and net income of $1.54–$1.57 per share. The company operates in the healthcare real estate sector, owning and leasing skilled nursing and senior housing properties.

CareTrust REIT reported second quarter 2026 net income of $89.0 million ($0.38 per diluted share), a 9% increase year-over-year. Normalized FFO and Normalized FAD both reached $0.51 per diluted share, up 19%. The company closed $899.6 million in investment activity at an 8.9% yield and raised $578.2 million via a forward equity offering. Management increased full-year 2026 guidance for Normalized FFO to $2.03–$2.06 per share and Normalized FAD to $2.01–$2.04 per share, representing mid-point increases of approximately 16% over 2025 results. The company declared a quarterly dividend of $0.39 per share. CareTrust REIT operates in the healthcare real estate sector, owning and leasing skilled nursing and senior housing properties.