earnings
confidence high
sentiment positive
materiality 0.80
CareTrust REIT Q1 Normalized FFO $0.48 (+14% YoY); 2026 guidance raised; $1.1B investments YTD at 8.9% yield
CareTrust REIT, Inc.
2026-Q1 EPS reported
$0.36
revenue$142,783,000
- Q1 net income $80.2M ($0.36 diluted EPS); Normalized FFO $107.4M ($0.48/share, +14% YoY).
- Closed $245.1M investments in Q1 at 8.8% yield; since quarter end, closed additional $864.1M at 8.9% yield.
- 2026 guidance raised: Normalized FFO $2.00–$2.04 per share (midpoint +14.8% vs 2025); Normalized FAD $1.98–$2.02.
- Quarterly dividend increased to $0.39/share (+16.4% YoY); payout ratio ~81% of Normalized FAD.
- Net Debt to Annualized Normalized Run Rate EBITDA 0.6x; Moody's upgraded to investment grade.