In an effort to expand its portfolio, CareTrust REIT, Inc. (CTRE) recently acquired two skilled nursing facilities in Houston, Texas, and one nursing facility in Columbia, MO. The company shelled out $55.6 million, inclusive of transaction costs, for this portfolio acquisition, and the transaction was funded with cash on hand.Reflecting positive sentiments, shares of CTRE gained marginally during Wednesday’s regular trading session, though the gains were partially eroded on Thursday due to broader market co ...

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today the acquisition of three skilled nursing facilities for approximately $55.6 million, inclusive of transaction costs. The portfolio, consisting of 210 skilled nursing beds and 24 assisted living units, will be added to CareTrust’s existing master lease with affiliates of PACS Group, Inc., who has been operating the facilities for a third-party landlord. Two of the facilities are located in Houston, Texas and one is locate ...

CareTrust REIT, Inc. (NYSE:CTRE) Q4 2023 Earnings Conference Call February 9, 2024 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 Jonathan Hughes - Raymond James Austin Wurschmidt - KeyBanc Capital Markets Juan Sanabria - BMO Capital Markets Michael Carroll - RBC Capital Markets Alec F ...

Lease Maturity Year % of Total Rent —% —% —% 2.7% —% 6.4%2.5% 25.4% 9.2% 10.3% 16.8% —% 7.0% —% 19.7% 202420252026202720282029203020312032203320342035203620372038 13 (dollars in thousands) As of December 31, 2023[1] Financial Supplement Disclaimers Words such as "anticipate," "believe," "could," "expect," "estimate," "intend," "may," "plan," "seek," "should," "will," "would," and similar expressions, or the negative of these terms, are intended to identify such forwardlooking statements, though not all forw ...

CareTrust REIT (CTRE) reported $59.73 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.3%. EPS of $0.36 for the same period compares to $0.15 a year ago.The reported revenue represents a surprise of +8.29% over the Zacks Consensus Estimate of $55.16 million. With the consensus EPS estimate being $0.36, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter and year ended December 31, 2023, as well as other recent events. For the quarter, CareTrust REIT reported: 100.0% of contractual rents collected, resulting in collections for the year of 97.7%; Net income of $26.3 million and net income per share of $0.22; Normalized FFO of $43.4 million and normalized FFO per share of $0.36; Normalized FAD of $45.4 million and normalized FAD ...

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CARETRUST REIT, INC. | --- | --- | --- | |-----------------------------------------------|--------------------------------------------------------------------------------------------------|----------------------| | Name | Title | Date | | /s/ DAVID M. SEDGWICK | President and Chief Executive Officer (P ...

NEW YORK, Feb. 5, 2024 /PRNewswire/ -- Northwind Group, a real estate private equity firm and debt fund manager, announced today that Northwind Healthcare Debt Fund II led the origination of two mezzanine loans totaling $105 million secured by two portfolios of 25 properties comprised of 2,920 skilled nursing beds and 186 assisted living units located in Virginia and Missouri. Care Trust REIT, Inc (NYSE: CTRE) participated with $44.8 million in the mezzanine loans and Deutsche Bank led $310 million in senio ...

koya79 Healthcare REITs have started slow in 2024, with total return down (-4.43)%, compared to the equity REIT average (-3.58)%. Meanwhile, the S&P 500, Dow, and Nasdaq 100 are all in positive territory. Hoya Capital Income Builder In its recent report on the Healthcare REIT sector, Hoya Capital had this to say: For Senior Housing REITs, the long-awaited recovery is finally taking hold. Robust rent growth is being fueled by rising resident incomes from record-high Cost-of-Living-Adjustments (“COLA”) ...

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has participated in the origination of over $52 million in mezzanine loans secured by three portfolios of 26 properties comprised of 3,050 skilled nursing beds and 186 assisted living units located in Virginia, Missouri, and California. CareTrust’s participation in the Virginia and Missouri mezzanine financings was done alongside a co-lender: the Northwind Group, whose healthcare portfolio includes investments ...