Exhibit 99.1 CareTrust REIT Announces Third Quarter 2024 Operating Results Conference Call Scheduled for Wednesday, October 30, 2024 at 1:00 pm ET SAN CLEMENTE, Calif., October 29, 2024 (BUSINESS WIRE) -- CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended September 30, 2024, as well as other recent events. For the quarter, CareTrust REIT reported: • Investments of $440.8 million at an estimated stabilized yield of 9.1%; • 17.2 million shares sold under its ATM Program fo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36181 CareTrust REIT, Inc. (Exact name of registrant as specified in its charter) Maryland 46-3999490 (St ...

Core Viewpoint - CareTrust REIT (CTRE) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - CareTrust REIT is expected to earn $1.49 per share for the fiscal year ending December 2024, representing a year-over-year increase of 5.7% [8]. - Over the past three months, the Zacks Consensus Estimate for CareTrust REIT has increased by 1.4% [8]. Investment Implications - The upgrade to Zacks Rank 2 suggests an improvement in CareTrust REIT's underlying business, which is likely to attract investor interest and push the stock price higher [5][10]. - The Zacks Rank system maintains a balanced approach, with only the top 20% of stocks receiving favorable ratings, indicating a strong potential for market-beating returns [9][10].

Acquisition Details - CareTrust REIT, Inc. (CTRE) acquired four skilled nursing facilities in the Mid-Atlantic for $74.7 million, funded with cash on hand [1] - One facility includes a skilled nursing and assisted living campus with 47 assisted living units [1] Lease Agreement - A triple-net master lease was established with a new operator known for expertise in skilled nursing facilities, featuring an initial term of 15 years and two optional five-year extensions [2] - The first-year contractual lease yield is 9.3%, including transaction costs, with annual Consumer Price Index-based escalators [2] Financing Structure - The purchase of one facility was arranged as a mortgage loan from CareTrust to the operator, aligning terms and economics with the master lease [3] Investment Pipeline - CareTrust's updated investment pipeline stands at $240 million in near-term actionable opportunities, excluding larger portfolios under review [4] - Year-to-date investments exceed $900 million [4] Growth Strategy - CareTrust's inorganic growth strategy and solid financial position support its investment pursuits, with the latest expansion expected to enhance top-line growth [5] - Over the past six months, shares have gained 24.9%, outperforming the industry growth of 16.5% [5]

CareTrust REIT (NYSE: CTRE ), in my opinion, is one of the best ways to gain healthcare exposure. Moreover, if you're a fan of REITs, then this is definitely a stock to consider for your portfolio. With interest rates recently cut by Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone t ...

0 1 2 land Vertigo3d Being validated by the market can be a bittersweet feeling, especially when it comes to dividend payers that you'd like to own more of. For one thing, it's nice to see capital gains on the investment statement, but that also means acquiring new shares has become more expensive. This brings me to CareTrust REIT (NYSE:CTRE), which I last covered in February, highlighting its appealing cap rates on new acquisitions, strong balance sheet, and undervaluation. It appears the market has agreed ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with CareTrust REIT (CTRE) currently holding a Momentum Style Score of B [2][3] Group 2: CareTrust REIT Performance - CareTrust REIT has a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [3] - Over the past week, CTRE shares increased by 1.61%, while the Zacks REIT and Equity Trust - Other industry declined by 1.04% [5] - In the last three months, CTRE shares rose by 10.97%, and over the past year, they increased by 37.36%, significantly outperforming the S&P 500's gains of 2.96% and 19.86% respectively [6] Group 3: Trading Volume and Earnings Outlook - CTRE's average 20-day trading volume is 1,416,967 shares, which serves as a bullish indicator when combined with rising stock prices [7] - In the past two months, two earnings estimates for CTRE have increased, raising the consensus estimate from $1.45 to $1.47 [9] - The positive earnings revisions and strong price performance contribute to CTRE's status as a 1 (Strong Buy) stock with a Momentum Score of B [9]

Financial Supplement 97 CARETRUST R E I T Second Quarter 2024 Disclaimers This supplement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical statements of fact and statements regarding the following: future financial and financing plans; strategies related to the Company's business and its portfolio, including acquisition opportunities and disposition plans; growth prospects ...

Financial Data and Key Metrics - Normalized FFO increased 52% YoY to $52 million, and normalized FAD increased 49.5% to $54 million [17] - Normalized FFO per share increased $0.01 to $0.36, and normalized FAD per share also increased $0.01 to $0.37 [17] - The company raised its 2024 guidance for normalized FFO per share to $1.46-$1.48 and normalized FAD per share to $1.50-$1.52 [18] - Total cash rental revenues for 2024 are projected to be $212-$213 million, with CPI rent escalations of 2.5% [18] - Interest income is expected to be $61 million, with $48 million from the loan portfolio and $13 million from money market funds [19] - Interest expense is projected at $34 million, with an assumed interest rate of 6.9% for the term loan [19] - G&A expense is estimated at $25-$27 million, including $5.8 million of deferred stock compensation [19] Business Line Data and Key Metrics - Property-level EBITDAR coverage was 2.17x, and EBITDARM coverage was 2.78x [8] - Skilled nursing occupancy surpassed pre-pandemic levels, with skilled mix settling 330 bps higher than pre-pandemic levels [9] - Assisted living occupancy increased 280 bps YoY and 180 bps QoQ [9] - The company closed $268 million in Q2 investments at a stabilized yield of 9.9%, including acquisitions and mortgage loans [12][13] - Year-to-date investments totaled $765 million at an average yield of 9.5% [16] Market Data and Key Metrics - Medicare rates for fiscal year 2025 will increase by 4.2% [10] - The skilled nursing acquisition market is competitive, with pricing increasing due to post-COVID performance improvements [14] - Small and midsize regional operators are selling portfolios due to COVID exhaustion, loan maturities, and regulatory challenges [15] Company Strategy and Industry Competition - The company focuses on long-term thinking, operator-first decisions, and maintaining a conservative balance sheet [7] - Investments are made with a focus on quality care and value creation, avoiding growth for growth's sake [7] - The company leverages its operational roots, strong capitalization, and nimbleness to provide certainty for sellers and accelerate growth [15] - The pipeline includes $270 million of real estate acquisitions, with potential for larger portfolio opportunities to diversify tenant relationships [16] Management Commentary on Operating Environment and Future Outlook - Management highlighted the strong first half of 2024, with record investments and equity issuance [5] - The company is positioned to capitalize on demographic tailwinds expected to last for decades [21] - Labor market normalization is improving, with agency expenses dropping 35% YoY [43] - The company expects to complete transitions and dispositions of underperforming assets by year-end [29][42] Other Important Information - The company has $100 million in cash and $600 million available under its revolver, with a net debt to normalized EBITDA ratio of 0.4x [20] - Leverage is at an all-time low, with a net debt to enterprise value of 2.6% and a fixed charge coverage ratio of 8.2x [20] - The company plans to continue funding its pipeline with equity as long as equity prices remain favorable relative to long-term debt costs [20] Q&A Session Summary Question: How does the company balance acquisition expectations with underwriting discipline? - The company focuses on relationships, operator selection, and creative transaction structures to maintain discipline while pursuing opportunities [23] Question: What is the mix of new vs. existing relationships in the pipeline? - The pipeline includes both new and existing relationships, with a mix of deal sources from brokers, operators, and recent partnerships [24] Question: Thoughts on the leverage target range of 4-5x? - The company maintains flexibility to stay below the target range to fuel growth but may increase leverage if significant growth opportunities arise [26] Question: How does the company view capital recycling for future investments? - Capital recycling will be limited and specific to underperforming assets, with no significant impact on funding growth [28] Question: What are the underwriting standards for new deals? - The company targets 1.4x coverage and yields in the 9% range, with enhanced collaboration on underwriting for assets not yet stabilized [32] Question: What are the cap rates for recent transactions? - Cap rates remain within historical ranges, with some flexibility for larger deals to ensure sustainable rent streams [33] Question: What is the yield expectation for the $270 million pipeline? - Yields are expected to remain in the mid-9% range, consistent with historical levels [37] Question: Impact of labor market normalization on tenants? - Labor market normalization is improving, with agency expenses down 35% YoY, providing tailwinds for coverage [43] Question: Thoughts on future Medicare rate increases? - Medicare rate increases may remain elevated due to lagging inflationary effects, but future trends are uncertain [49] Question: Is there a limit on the loan book size? - No immediate limits, with the loan book tied to expected off-market acquisitions [50]