earnings
confidence high
sentiment positive
materiality 0.85
CareTrust REIT Q2 net income $68.5M; normalized FFO $0.43/sh; guidance raised
CareTrust REIT, Inc.
2025-Q2 EPS reported
$0.70
revenue$209,090,000
- Investments of $1.1B at 8.4% stabilized yield including acquisition of Care REIT plc.
- Normalized FFO of $83.1M ($0.43/sh); normalized FAD also $0.43/sh; dividend $0.335/sh maintained.
- 2025 normalized FFO guidance raised to $1.77-$1.79 per share (was $1.68-$1.70 prior range).
- Net debt-to-annualized normalized run rate EBITDA of 2.0x; cash on hand ~$65M.
- Closed $29.4M in investments post-quarter at 9% yield; pipeline ~$600M.
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