earnings
confidence high
sentiment positive
materiality 0.75
CareTrust Q3 net income $74.9M +67%; normalized FFO $0.45; guidance updated
CareTrust REIT, Inc.
2025-Q3 EPS reported
$1.06
revenue$341,534,000
- Net income $74.9M ($0.35 diluted EPS) up 67% YoY; normalized FFO $0.45 (+18%); normalized FAD $0.44 (+13%).
- Record YTD investments ~$1.6B; Q3 closed $59.4M at 8.8% yield; post-quarter $436.5M at 8.8%.
- Gross proceeds $736M from 23M-share offering at $32; net debt-to-EBITDA 0.42x; $334M cash; $1.2B revolver undrawn.
- 2025 guidance updated: EPS $1.41-$1.42; normalized FFO $1.76-$1.77; dividend maintained $0.335/quarter.
- Investment pipeline ~$600M; UK integration on track; portfolio rent coverage 2.2x; 100% collections.