Exhibit 99.2 Financial Supplement Fourth Quarter 2024 the same or better terms in the event of nonrenewal or in the event we replace an existing tenant, as well as any obligations, including indemnification obligations, we may incur in connection with the replacement of an existing tenant; (vi) the availability of and the ability to identify (a) tenants who meet our credit and operating standards, and (b) suitable acquisition opportunities, and the ability to acquire and lease the respective properties to s ...

分组1 - CareTrust REIT reported quarterly funds from operations (FFO) of $0.40 per share, matching the Zacks Consensus Estimate and showing an increase from $0.36 per share a year ago [1] - The company posted revenues of $86.94 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 3.42% and up from $59.73 million year-over-year [2] - CareTrust REIT has consistently topped consensus revenue estimates over the last four quarters [2] 分组2 - The stock has underperformed, losing about 4.8% since the beginning of the year, while the S&P 500 gained 3.2% [3] - The future performance of CareTrust REIT's stock will depend on management's commentary during the earnings call and the outlook for FFO [3][4] - The current consensus FFO estimate for the upcoming quarter is $0.43 on revenues of $95.9 million, and for the current fiscal year, it is $1.77 on revenues of $365.34 million [7] 分组3 - The Zacks Industry Rank indicates that the REIT and Equity Trust - Other sector is in the bottom 33% of over 250 Zacks industries, which may impact stock performance [8] - The estimate revisions trend for CareTrust REIT is currently favorable, resulting in a Zacks Rank 2 (Buy), suggesting expected outperformance in the near future [6]

Financial Performance - CareTrust reported a net income of $52.1 million for Q4 2024, translating to $0.29 per diluted share, and a full-year net income of $125.1 million, or $0.80 per diluted share[2]. - The company achieved normalized FFO of $72.9 million for Q4 2024, or $0.40 per diluted share, and $232.9 million for the full year, equating to $1.50 per diluted share[2]. - CareTrust's normalized FAD for Q4 2024 was $74.3 million, or $0.41 per diluted share, with a full-year total of $238.8 million, or $1.54 per diluted share[2]. - Net income attributable to CareTrust REIT, Inc. for Q4 2024 was $52,135,000, a 98.5% increase from $26,296,000 in Q4 2023[16]. - EBITDA attributable to CareTrust REIT, Inc. for Q4 2024 was $73,041,000, up 47.4% from $49,547,000 in Q4 2023[16]. - Annualized Normalized Run Rate EBITDA attributable to CareTrust REIT, Inc. increased to $360,796,000 in 2024 from $213,876,000 in 2023, representing a 68.7% growth[20]. - Funds from Operations (FFO) attributable to CareTrust REIT, Inc. for Q4 2024 was $72,112,000, a 63.8% increase from $44,033,000 in Q4 2023[21]. - Normalized FFO per share for Q4 2024 was $0.40, up from $0.36 in Q4 2023, reflecting an 11.1% increase[24]. - Total revenues for Q4 2024 reached $86,944,000, compared to $59,734,000 in Q4 2023, marking a 45.5% increase[26]. - The company reported a normalized FAD of $74,286,000 for Q4 2024, up from $45,384,000 in Q4 2023, representing a 63.8% increase[24]. - Net income for the twelve months ended December 31, 2024, was $124,399,000, a significant increase from $53,722,000 in 2023, representing a growth of 131.1%[34]. - Net cash provided by operating activities increased to $244,251,000 in 2024 from $154,767,000 in 2023, reflecting a rise of 57.8%[34]. Debt and Liquidity - CareTrust's net debt-to-annualized normalized run rate EBITDA stood at 0.5x, significantly below the target leverage range of 4.0x to 5.0x[3]. - The company has approximately $205 million in cash on hand and no borrowings on its $1.2 billion revolving credit line[3]. - The company’s total debt as of December 31, 2024, was $400,000,000, with a fixed interest rate of 3.875%[36]. - Cash and cash equivalents decreased to $213,822,000 as of December 31, 2024, from $294,448,000 as of December 31, 2023[32]. - The company reported a net cash decrease of $80,626,000 for the period, contrasting with an increase of $281,270,000 in the previous year[34]. Investment and Growth - CareTrust has an investment pipeline of approximately $325 million and recently sold 15.9 million shares for gross proceeds of $507.8 million[4]. - Real estate investments increased to $2,226,740,000 as of December 31, 2024, from $1,567,119,000 as of December 31, 2023[32]. - Total assets reached $3,437,016,000 as of December 31, 2024, up from $2,084,838,000 a year earlier[32]. - Total liabilities decreased to $507,633,000 as of December 31, 2024, from $666,121,000 as of December 31, 2023[32]. - Proceeds from the issuance of common stock reached $1,552,894,000 in 2024, up from $634,446,000 in 2023, marking an increase of 144.5%[34]. Future Projections - For 2025, CareTrust projects net income of approximately $1.35 to $1.39 per diluted share and normalized FFO of approximately $1.68 to $1.72 per diluted share[5]. - The company provided guidance for 2025, estimating Funds from Operations (FFO) attributable to CareTrust REIT, Inc. to be between $1.66 and $1.70 per share[39]. - Funds Available for Distribution (FAD) attributable to CareTrust REIT, Inc. is projected to be between $1.72 and $1.76 per share for 2025[39]. Operational Metrics - The company maintained a quarterly dividend of $0.29 per share, resulting in a payout ratio of approximately 71% based on normalized FAD[5]. - The company reported 98.8% of contractual rent and interest collected during the quarter[4]. - Property operating expenses for Q4 2024 were $1,665,000, compared to $714,000 in Q4 2023, indicating a significant increase in operational costs[21]. - Impairment of real estate investments for the twelve months ended December 31, 2024, was $42,225,000, up from $36,301,000 in 2023, showing a 16.4% increase[21]. - The company experienced an impairment of real estate investments amounting to $42,225,000 in 2024, compared to $36,301,000 in 2023, reflecting an increase of 16.4%[34]. Financial Metrics and Analysis - The Company considers net income attributable to CareTrust REIT, Inc. as the most appropriate earnings measure according to GAAP[48]. - EBITDA and Normalized EBITDA are deemed useful for understanding operating results independent of capital structure and indebtedness[48]. - FFO, Normalized FFO, FAD, and Normalized FAD are important for reviewing comparative operating and financial performance by excluding certain non-operational charges[48]. - The disclosure of Net Debt to Annualized Normalized Run Rate EBITDA is considered a useful measure for evaluating the Company's credit strength[48]. - The Company believes that these measures allow for more meaningful comparisons of operating performance between periods and against other REITs[48]. - The exclusion of gains or losses from real estate dispositions and impairment charges helps in assessing ongoing performance[48]. - Noncash income and expenses are excluded from FAD and Normalized FAD to provide a clearer picture of operational performance[48]. - The Company aims to improve understanding of operating results among investors through these financial metrics[48]. - The measures help in comparing the Company's credit strength to prior reporting periods and other companies[48]. - The Company emphasizes the importance of these metrics in evaluating its ability to service debt obligations[48].

Industry Trends - The skilled nursing industry is experiencing a supply/demand imbalance, with approximately 14,800 facilities as of July 2024, down from over 15,600 in July 2016, indicating a trend favoring skilled nursing and assisted living providers[36] - The U.S. Census estimates over 59 million individuals aged 65 and older in 2023, projected to nearly double by 2060, driving increased demand for skilled nursing services[36] - Nursing home care expenditures are projected to grow from approximately $209.3 billion in 2023 to about $337.4 billion by 2032, reflecting a significant market opportunity[36] Portfolio Overview - As of December 31, 2024, the portfolio includes 313 skilled nursing facilities (SNFs), with 189 owned facilities and 31 held in consolidated joint ventures[37] - The portfolio is geographically diverse, with significant concentrations in California and Texas based on rental income[39] - The company operates a geographically diverse portfolio across 34 states, with no single state accounting for more than 22% of annualized revenue[60] Rental Income and Growth - Total rental income for the year ended December 31, 2024, was $228,261,000, an increase from $198,599,000 in 2023, representing a growth of approximately 14.9%[49][50] - Skilled Nursing Facilities (SNFs) generated rental income of $169,414,000 in 2024, accounting for 74% of total rental income, with an occupancy rate of 79%[49] - Multi-Service Campuses contributed $43,372,000 in rental income, representing 19% of total income, with an occupancy rate of 79%[49] - Assisted Living Facilities (ALFs) and Independent Living Facilities (ILFs) generated $15,475,000 in rental income, making up 7% of total income, with a 74% occupancy rate[49] Financial Performance - Annualized contractual rental income from Ensign Master Leases was $68.2 million, representing 26% of total annualized contractual rental income as of December 31, 2024[40] - The PACS Master Lease generated annualized contractual rental income of $20.0 million, accounting for 8% of total annualized contractual rental income as of December 31, 2024[42] - The PMG Master Lease contributed $31.9 million in annualized contractual rental income, representing 12% of total annualized contractual rental income as of December 31, 2024[43] Investment and Financing - The company invested in 46 properties through a sale and leaseback transaction, with a gross investment of $97,053,000 and an effective interest rate of 12.0%[52][53] - The financing receivable from the sale and leaseback transaction generated interest income of $1,009,000 for the year ended December 31, 2024[52] - The company’s mortgage loans had a principal balance of $658,400,000 as of December 31, 2024, with total interest income of $35,972,000[54] Tenant and Operator Relationships - The company monitors tenant creditworthiness through lease coverage ratios, evaluating EBITDAR and EBITDARM against rent coverage[44] - The management team emphasizes identifying talented operators to enhance facility performance and tenant relationships[65] - Ensign, the primary tenant, represented 28% of total annualized contractual rental income as of December 31, 2024[62] Regulatory and Compliance Risks - The False Claims Act imposes civil penalties ranging from $5,500 to $11,000 per false claim, plus three times the damages sustained by the government[105] - The Stark Law prohibits billing Medicare or Medicaid for designated health services if referred by a physician with a financial relationship, with penalties up to $15,000 per self-referred service[106] - Increased government oversight mandates immediate reporting of suspected crimes in federally funded long-term care facilities, with penalties up to $300,000 for non-compliance[112] Employee and ESG Initiatives - The company employed 21 full-time employees as of December 31, 2024, with a 100% response rate in the employee satisfaction survey[95][98] - The overall employee satisfaction rate was 84%, with 78% of employees agreeing that the benefits package is competitive[95] - The company reported a 10% increase in leases with ESG requirements from September 2023[86] Debt and Capital Structure - As of December 31, 2024, the company had approximately $400.0 million of indebtedness, represented by 3.875% Senior Notes due 2028[204] - The company must distribute at least 90% of its REIT taxable income annually to avoid U.S. federal corporate income tax[197] - High levels of indebtedness could reduce cash flow available for working capital, dividends, and acquisitions[204] Market and Economic Risks - The company faces risks related to the financial health of its tenants, including potential bankruptcies that could impact rental income[141] - Unstable market conditions and geopolitical events may adversely affect the company's business and financial condition[139] - The company is exposed to potential reductions in reimbursement rates from government payors, which could impact tenants' revenues and their ability to meet obligations[140] Future Strategies - Future investment strategies may include expanding into behavioral health facilities and medical office buildings[58] - The company plans to pursue strategic development opportunities, including renovations and new developments with attractive risk-adjusted returns[79]

Wall Street analysts forecast that CareTrust REIT (CTRE) will report quarterly earnings of $0.40 per share in its upcoming release, pointing to a year-over-year increase of 11.1%. It is anticipated that revenues will amount to $84.07 million, exhibiting an increase of 40.8% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.B ...

Albert Anthony is the pen name / stage name of markets analyst, contributor & host of The Future Investor, on the global investor platform Seeking Alpha, where he has covered over +200 companies, provides general markets commentary, and rates stocks in multiple sectors, while having grown a fan base of over +1K followers since 2023. Going beyond the investor platform, he is also a hobby investor of his own home-based fund called The Future Investor Fund, and talks investor topics on his Future Investor Chan ...

A downtrend has been apparent in CareTrust REIT (CTRE) lately with too much selling pressure. The stock has declined 8.3% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for s ...

Since starting here on Seeking Alpha, I've pretty much been pounding the table telling investors CareTrust REIT (NYSE: CTRE ) was a buy. And this was due to their strong fundamentals and long growth runway.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 to do their own due diligence ...

Group 1 - CareTrust REIT (CTRE) has experienced significant selling pressure, resulting in a 6.3% decline in stock price over the past four weeks, but it is now considered to be in oversold territory with potential for recovery [1] - Wall Street analysts anticipate that CTRE will report better earnings than previously predicted, indicating a potential turnaround for the stock [1][4] - The Relative Strength Index (RSI) for CTRE is currently at 27.84, suggesting that the heavy selling may be exhausting itself and a price reversal could occur soon [3] Group 2 - Over the last 30 days, the consensus earnings per share (EPS) estimate for CTRE has increased by 0.2%, reflecting a positive trend in earnings estimate revisions [4] - CTRE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the stock's potential for a near-term turnaround [4]

I am bullish on CareTrust REIT (NYSE: CTRE ) and rate it a buy given its strong fundamentals and growth potential. The company has been exhibiting strong and consistent financial performanceI am an experienced financial analyst and a former writer for Fade The Market on Seeking Alpha, with a passion for numbers and a knack for unraveling complex financial data. Armed with a strong financial modeling and data analysis background, I thrive on providing accurate insights and recommendations to drive informed f ...