An updated edition of the October 31, 2025, article.The powerful rise in senior and aging populations is reshaping healthcare demand, but investors looking to benefit from this shift risk leaving money on the table if they focus only on pharma, biotech and medical devices. While drug and technology breakthroughs address clinical needs, the demographic wave — with global adults aged 60+ expected to grow sharply over the next decade — is also fueling sustained demand for places to live, recover and receive da ...

Group 1 - CareTrust REIT (CTRE) has shown strong growth potential, achieving high ratings in the 80s to 90s range, and is making headlines as it reaches new highs [1][4] - The stock has been recognized for its improved relative price performance, indicating a positive trend in its market strength [4] - CareTrust REIT is noted for its acquisition-minded strategy, making it a stock worth considering for investors [4] Group 2 - The stock's technical rating has been upgraded, reflecting its improved performance metrics [4] - CareTrust REIT is attempting to close in on key technical measures, which could further enhance its investment appeal [4] - The company has been highlighted for its potential to generate option premiums through covered calls, adding another layer of investment strategy [4]

Core Insights - Companies with a strong history of dividend payments and increases are attractive to income-focused investors, with Flowers Foods, CareTrust REIT, and Nexstar Media being notable examples offering yields up to approximately 8% [1] Flowers Foods - Flowers Foods has increased its dividends for 11 consecutive years, with a recent quarterly payout increase of 3.10% to $0.2475 per share, resulting in an annual dividend of $0.99 per share [3] - The current dividend yield for Flowers Foods is 8.69% [3] - The company's annual revenue as of September 30 is reported at $5.13 billion, with Q3 2025 revenues of $1.23 billion and EPS of $0.23, both meeting expectations [4] CareTrust REIT - CareTrust REIT has raised its dividends for 10 consecutive years, with the latest increase on March 18, raising the quarterly payout from $0.29 to $0.335 per share, equating to an annual figure of $1.34 per share [6] - The current dividend yield for CareTrust REIT is 3.75% [6] - The company's annual revenue as of September 30 is $324.14 million, with Q3 2025 revenues of $132.44 million and EPS of $0.45, both exceeding consensus estimates [7] Nexstar Media - Nexstar Media Group is a diversified media company involved in producing and distributing local and national news, sports, and entertainment content across television and digital platforms in the U.S. [7]

Core Insights - The article discusses the background and aspirations of an undergraduate student pursuing a degree in Electrical Engineering and Economics, highlighting a keen interest in equity research and investment management [1]. Group 1: Educational Background and Interests - The individual is studying Electrical Engineering and Economics, indicating a strong analytical foundation [1]. - There is a focus on equity research, with an aim to build a career in investment management or investment banking [1]. - The approach to evaluating investment opportunities is sector agnostic, suggesting a broad perspective on market analysis [1]. Group 2: Investment Philosophy and Strategy - The individual has learned about investing primarily through reading investment philosophy books and engaging in discussions with peers [1]. - Experience in working on equity research reports is noted, along with an interest in quantitative strategies such as portfolio optimization [1]. - The investment horizon is defined as short to medium-term, ranging from 1 to 5 years, with a focus on identifying companies before their fair price is recognized by the market [1].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Financial Data and Key Metrics Changes - The third quarter normalized FFO per share was $0.45, representing approximately 18% growth over the prior year quarter [3][17] - Normalized FFO increased 55.5% over the prior year quarter to $94.7 million, and normalized FAD increased 50.6% to $93.1 million [17] - The company raised $736 million from an equity issuance, enhancing its financial flexibility [17][19] Business Line Data and Key Metrics Changes - The company closed on $495 million of new investments in the third quarter, bringing the year-to-date total to over $1.6 billion [5][6] - The investment pipeline is approximately $600 million, with about half in U.S. skilled nursing, a third in U.K. care homes, and the remainder in SHOP and strategic loans [13][14] Market Data and Key Metrics Changes - The U.K. acquisition has expanded the company's deal pipeline, now accounting for roughly a third of the total pipeline [7] - The blended stabilized yield on post-quarter-end investments is approximately 8.8% [13] Company Strategy and Development Direction - The company aims to grow by adding two new engines of growth: U.K. care homes and SHOP, alongside its core U.S. skilled nursing facilities [6][7] - The focus is on long-term growth, with a vision for the next decade rather than short-term results [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position going into 2026, highlighting a stronger team, better portfolio, and greater liquidity [9][10] - The management team is optimistic about the growth potential in the U.S. skilled nursing, U.K. care homes, and SHOP sectors [10][72] Other Important Information - The company has maintained low leverage with net debt to EBITDA of 0.43 times and a fixed charge coverage ratio of 11 times as of quarter-end [20] - The company is preparing for a transition in leadership as the CFO will retire at the end of the year [16] Q&A Session Summary Question: Expected yields across SNFs, U.K. care homes, and seniors housing - The expected yield for SNFs is typically around 9%, U.K. care homes around 8.5% or higher, and seniors housing yields are expected to be 7% or higher depending on various factors [24] Question: Plans to minimize duration gap in equity raises - The company is evaluating options on a case-by-case basis and has not found it necessary to pursue forward equity raises yet [26] Question: Investments in seniors housing operating portfolio - Investments began at the end of last year, with plans to add more personnel to support growth in the SHOP segment [30] Question: Comparison of U.K. and U.S. markets - The U.K. market is seeing increased activity and a growing pipeline since the acquisition of CareREIT, with the company remaining competitive [36] Question: Application of data science investments - The data science platform will enhance productivity and decision-making across all departments, particularly benefiting the SHOP business [38] Question: G&A cost growth expectations - G&A costs are expected to stabilize at current levels, with some increases due to team investments and resets in short-term incentives [44][62] Question: Appetite for skilled nursing OPCO or RIDEA investments - The company is open to considering such investments for the right operator and deal, though nothing is currently in the pipeline [48] Question: SHOP deals and operator relationships - The company will approach SHOP deals on a case-by-case basis, aiming to expand relationships with operators regardless of predefined growth paths [52] Question: Coverage levels in the U.K. care home portfolio - The slight decrease in coverage levels is attributed to idiosyncratic factors rather than systemic issues [60] Question: Future growth potential and pipeline expansion - The opportunity set has expanded significantly compared to last year, with a bullish outlook for 2026 [71]

Exhibit 99.2 Financial Supplement Third Quarter 2025 Disclaimers This supplement contains certain non-GAAP financial information relating to CareTrust REIT including EBITDA, Normalized EBITDA, FFO, Normalized FFO, FAD, Normalized FAD, and certain related ratios. Explanatory footnotes and a glossary explaining this non-GAAP information are included in this supplement. Reconciliations of these non-GAAP measures are also included in this supplement or on our website. See "Financials and Filings – Quarterly Res ...

Core Insights - CareTrust REIT (CTRE) reported quarterly funds from operations (FFO) of $0.45 per share, missing the Zacks Consensus Estimate of $0.47 per share, but showing an increase from $0.38 per share a year ago, resulting in an FFO surprise of -4.26% [1] - The company posted revenues of $132.44 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.08%, compared to year-ago revenues of $77.38 million [2] - CareTrust REIT shares have increased approximately 30.8% since the beginning of the year, outperforming the S&P 500's gain of 15.1% [3] Financial Performance - Over the last four quarters, CareTrust REIT has not surpassed consensus FFO estimates, with the current consensus FFO estimate for the coming quarter at $0.47 on revenues of $139.03 million, and $1.81 on revenues of $479.15 million for the current fiscal year [2][7] - The estimate revisions trend for CareTrust REIT was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Outlook - The REIT and Equity Trust - Other industry is currently in the top 34% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact the stock's performance [8]

Core Viewpoint - CareTrust REIT reported strong operating results for Q3 2025, highlighting significant investments and a robust financial position, setting the stage for continued growth into 2026 [1][2][5]. Financial Performance - Net income for Q3 2025 was $74.9 million, or $0.35 per diluted share, representing a 67% increase from the prior year [2][4]. - Normalized Funds from Operations (FFO) reached $94.7 million, or $0.45 per diluted share, an 18% increase year-over-year [2][4]. - Normalized Funds Available for Distribution (FAD) was $93.1 million, or $0.44 per diluted share, up 13% from the previous year [2][4]. Investment Activity - CareTrust closed $495 million in investments during Q3 2025, bringing the year-to-date total to approximately $1.6 billion, a record for the company [1][4]. - The company has an investment pipeline of approximately $600 million, indicating strong future growth potential [1][4]. Liquidity and Capital Structure - As of September 30, 2025, CareTrust reported a net debt-to-annualized normalized run rate EBITDA of 0.42x, significantly below its target leverage range of 4.0x to 5.0x [3][4]. - The company completed a public offering of 23 million shares at $32.00 per share, raising gross proceeds of $736 million [3][4]. - CareTrust has approximately $334 million in cash on hand and no borrowings on its $1.2 billion revolving credit line [3][4]. Dividend Information - The company declared a quarterly dividend of $0.335 per share, with a payout ratio of approximately 76% based on normalized FAD [6][4]. Guidance - Updated guidance for 2025 projects net income of approximately $1.41 to $1.42 per diluted share, and normalized FFO of approximately $1.76 to $1.77 [5][4].

Core Insights - CareTrust REIT, Inc. announced the closing of transactions totaling approximately $437 million [1] - The company acquired 12 skilled nursing facilities and one skilled nursing campus located in the Southeast and Mid-Atlantic regions [1] - The combined portfolio includes around 1,760 licensed skilled nursing beds and assisted living units [1]