earnings
confidence high
sentiment positive
materiality 0.90
CareTrust REIT Q1 normalized FFO $0.42; raises 2025 guidance; plans $856M Care REIT plc acquisition
CareTrust REIT, Inc.
2025-Q1 EPS reported
$0.35
revenue$96,621,000
- Net income $65.8M ($0.35/sh); normalized FFO $0.42/sh; normalized FAD $0.43/sh.
- Quarterly dividend increased to $0.335/sh from $0.29; payout ratio ~78% on normalized FAD.
- Planned acquisition of Care REIT plc for ~$856M (108p/share); shareholder approved, close expected May 9, 2025.
- 2025 guidance raised: normalized FFO $1.69-$1.73 per diluted share, net income $1.36-$1.40.
- Post-quarter: $34.7M investments at 10% yield; sold 3.4M shares for $99.5M; paid down credit line $50M.