earnings
confidence high
sentiment positive
materiality 0.80
CareTrust REIT Q2 net income $89M, Normalized FFO $0.51 (+19% YoY); raises 2026 guidance
CareTrust REIT, Inc.
2026-Q2 EPS reported
$0.74
revenue$304,131,000
- Net income $89.0M ($0.38 diluted EPS), up 9% YoY; Normalized FFO $119.7M ($0.51), up 19% YoY.
- Closed $899.6M in Q2 investments at 8.9% blended yield; $307.9M post-quarter at 7.8% yield.
- 2026 guidance raised: Normalized FFO $2.03-$2.06 per share, Normalized FAD $2.01-$2.04 per share.
- Quarterly dividend maintained at $0.39/share (76% payout ratio); 100% rent collection.
- Net Debt to Annualized Normalized Run Rate EBITDA 1.01x; $90M cash, $605M credit facility available.