CareTrust REIT

CareTrust REIT, Inc. operates as real estate investment company, which engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.

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CareTrust REIT reports solid Q4 performance amidst market challenges

CareTrust REIT's Q4 2022 performance showcased stability in rent, strong portfolio tenants, and strategic financial management despite some operational challenges.
The company's focus on actionable acquisitions, local expertise utilization, and addressing market uncertainties positions them for growth and operational improvement.
With a proactive approach to portfolio optimization and readiness for external growth, CareTrust REIT navigates challenges and leverages opportunities in the market.

CareTrust REIT reports resilient performance amidst regulatory challenges and growth opportunities

CareTrust REIT (CTRE) showcased strong performance in investment activity and portfolio management, despite challenges in underperforming assets and regulatory concerns.
The company's strategic strengths in relationship-based lending, asset transitions, and portfolio coverage position it well for future growth and resilience.
While facing challenges such as staffing requirements and financial adjustments, CareTrust REIT can leverage opportunities in operator relationships and acquisitions for sustainable success.
Overall, CareTrust REIT's Q1 2023 earnings call highlights a balanced approach to navigating industry dynamics, focusing on operational efficiency, and driving long-term value.

CareTrust REIT reports strong Q2 performance with growth opportunities

CareTrust REIT's Q2 2023 showcased positive momentum in investments and operational performance.
While facing challenges in normalized FFO and FAD, the REIT maintains strong liquidity and growth opportunities.
With a focus on disciplined underwriting and portfolio diversification, CareTrust REIT is poised for future growth.
Clear communication on lease structures and strategic adjustments can further enhance operational efficiency and profitability.

CareTrust REIT reports solid Q3 performance amidst operational challenges

CareTrust REIT's Q3 performance showed solid financial metrics and strategic investments, positioning the company for future growth.
While facing challenges like lease coverage trends and staffing mandates, CareTrust's strong liquidity and balance sheet strengths provide a foundation for success.
Opportunities lie in high-yield investments, lease resets, and a positive investment outlook, indicating a promising future for CareTrust REIT.

CareTrust REIT reports strong Q4 earnings, eyes growth opportunities

CareTrust REIT demonstrated robust financial performance and liquidity, with a positive outlook for earnings in 2024.
The company faces challenges related to financing issues and provisioning driven by industry recovery caution.
Opportunities lie in new investments, portfolio optimization, and strategic growth initiatives amidst a recovering market.
Overall, CareTrust REIT's focus on stability, growth, and risk management positions it well for future success in the industry.

CareTrust REIT excels in Q1 2024, poised for strategic growth

CareTrust REIT delivers strong financial performance, strategic investments, and robust liquidity, positioning for continued growth and value creation.
Despite potential challenges in market dynamics and risk management, the company's proactive approach to governance and investment decisions mitigates risks and enhances resilience.
With a clear focus on growth opportunities, demographic trends, and prudent financial management, CareTrust REIT remains well-positioned for sustained success in the real estate investment market.

CareTrust REIT reports strong Q2 earnings and strategic growth focus

CareTrust REIT's Q2 2024 Earnings Call highlighted robust financial performance, strategic investments, and a focus on quality care and long-term growth.
The company's emphasis on operator-first approach, strong liquidity, and increased guidance reflect a positive outlook for future growth and stability.
While facing competitive investment challenges, CareTrust REIT's prudent strategies and market positioning offer opportunities for sustained success.

CareTrust REIT reports robust Q3 performance and eyes growth opportunities

CareTrust REIT delivered a strong performance in Q3 2024, with notable market cap growth, successful acquisitions, and improved financial metrics.
The company's focus on operational excellence, solid liquidity position, and raised guidance for 2024 reflect a positive outlook for future growth.
While facing challenges such as market uncertainties and regulatory changes, CareTrust REIT remains well-positioned to leverage opportunities for expansion and value creation.

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CareTrust REIT, Inc. engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.

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CareTrust REIT has delivered a strong underlying performance in Q3 with all of the key portfolio metrics remaining at very solid territory and improving FFO. CTRE decided to tap into equity markets for fresh funding that on the one hand, diluted the shareholder base but, on the other, ensured a notable level of dry powder. There are some strong signals that the Company will be able to deploy this capital in an accretive manner considering the YTD M&A success and identified properties of $175 million.

CareTrust REIT: Still Hold Despite Solid Performance

CareTrust has a solid track record of success with strong revenue growth and profitability improvement. The company is well-positioned to benefit from the secular demographic trend of the rapidly aging U.S. population and has a balanced approach to geographical diversification. My valuation analysis suggests the stock is more than 20% undervalued.

CareTrust: High-Quality Business Attractively Valued

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Following the best week of the year, U.S. equity markets were mixed this week as interest rates rebounded from the prior week's plunge after Fed officials pushed back on market optimism. Posting gains in nine out of ten sessions since dipping into "correction territory" at the end of October, the S&P 500 gained 1.4% on the week, but Mid-Caps and Small-Caps posted declines. Following their best week since 2020, REITs took a step back this week as upward pressure on benchmark interest rates offset a solid conclusion to a strong earnings season.

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CareTrust REIT, Inc. (NYSE:CTRE ) Q3 2023 Earnings Conference Call November 10, 2023 1:00 PM ET Company Participants Lauren Beale - Senior Vice President & Controller Dave Sedgwick - President & Chief Executive Officer James Callister - Chief Investment Officer Bill Wagner - Chief Financial Officer Conference Call Participants Connor Siversky - Wells Fargo Austin Wurschmidt - KeyBanc Capital Markets Michael Carroll - RBC Capital Markets Juan Sanabria - BMO Capital Market Operator Good day, everyone, and welcome to the CareTrust REIT Announces Third Quarter 2023 Operating Results. Today's call is being recorded and all lines have been placed on mute to prevent any background noise.

CareTrust REIT, Inc. (CTRE) Q3 2023 Earnings Call Transcript

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Third Quarter 2023 Operating Results.

CareTrust REIT Announces Third Quarter 2023 Operating Results

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Sets Third Quarter Earnings Call for Friday, November 10, 2023.

CareTrust REIT Sets Third Quarter Earnings Call for Friday, November 10, 2023

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Nursing home landlord CareTrust REIT has outperformed hospital landlord Medical Properties Trust over the past year and 8.5 years. Hospital operators face challenges such as lower revenue growth and rising expenses, while senior care facilities are on the mend. CareTrust REIT's focus on high-quality operators and financial conservatism has led to its outperformance and makes it a better investment option for most investors.

Medical Properties Trust Vs. CareTrust REIT: One On The Rise, The Other In Decline

Although OHI has seen its share price grow over the last month, I discuss why I think CareTrust REIT is a safer alternative in the sector. CTRE has well-laddered debt maturities with no maturities until 2026 making them well-prepared for a higher for longer environment. The company has 9 years of dividend growth and I expect them to make the dividend champion's list this March.

CareTrust REIT: A Safer Alternative To Omega Healthcare Investors

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has completed a joint venture investment to acquire La Fuente Post Acute, a 187-bed skilled nursing facility located in Vista, California. Once regulatory approval is obtained, the facility will be operated by Bayshire Senior Communities (a current tenant of CareTrust) pursuant to a new 15-year lease with the joint venture landlord. To acquire the facility, CareTrust and a third-party regional health.

CareTrust REIT Acquires Southern California Skilled Nursing Facility in Joint Venture Investment

Since early June when I published my bull thesis, CareTrust REIT's share price has outperformed the overall REIT market and moved in line with the S&P 500. Q2 results showed stable normalized FFO and improved rental performance due to an increased investment activity, which has not impaired the balance sheet of CTRE. Despite the strong balance sheet and potential to assume more acquisitions, the prevailing M&A market does not seem attractive, where the cap rates have remained stable, while financing costs increased.

CareTrust REIT: Thesis Update After Q2 Results, Hold For Now

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Due to aging demographics, health care REITs offer opportunities that office and residential real estate do not.

Top Dividend Stocks: CareTrust REIT Offers Silver Lining With 5.5% Yield

CareTrust REIT (CTRE) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.37 per share a year ago.

CareTrust REIT (CTRE) Q2 FFO Miss Estimates

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Second Quarter 2023 Operating Results.

CareTrust REIT Announces Second Quarter 2023 Operating Results

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Sets Second Quarter Earnings Call for Friday, August 4, 2023.

CareTrust REIT Sets Second Quarter Earnings Call for Friday, August 4, 2023

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded a $15.7 million mortgage loan on a 2-asset, 115-bed skilled nursing portfolio located in the State of Florida. The borrowers under the loan are affiliates of Elevation Group, LLC, a Florida-based skilled nursing operator led by industry veterans Ken and Dan Funk. Elevation is an existing tenant of CareTrust. Proceeds of the loan were used to refinance Elevation's existing loan on its Athen.

CareTrust REIT Funds Mortgage Financing on Southeast SNFs; 96% of Year-to-Date $215.4 Million Investments Funded with Equity

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SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it recently closed two separate transactions on the West Coast with an aggregate initial investment amount of approximately $45.2 million. The investments include the acquisition of a skilled nursing facility as well as the funding of a mortgage loan secured by a California skilled nursing, assisted living, and independent living campus. On June 30, 2023, CareTrust acquired a 99-bed skilled nursing faci.

CareTrust REIT Closes $45 Million of Investments in Skilled Nursing and Seniors Housing Facilities

CareTrust REIT is currently trading at a 5.8% dividend yield while maintaining a very conservative 76% payout ratio. Rent coverage of the tenants is exceptionally high with occupancy steadily increasing. Long escalator-based leases provide good financial stability.

CareTrust REIT: Decent Yield And Attractive Risk Profile

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News for CareTrust REIT Stock (CTRE)