Welcome to our dedicated page for Caretrust news (Ticker: CTRE), a resource for investors and traders seeking the latest updates and insights on Caretrust stock.
CareTrust REIT, Inc. (CTRE) provides essential healthcare real estate solutions through its portfolio of skilled nursing, seniors housing, and post-acute care properties. This page serves as your definitive source for official company news and market-moving developments.
Investors and analysts will find curated press releases detailing CTRE's strategic acquisitions, financial results, and partnership announcements. Our repository includes updates on triple-net lease agreements, portfolio expansions, and operational milestones that shape this healthcare REIT's trajectory.
All content is organized chronologically for quick reference, with clear dating and sourcing to ensure transparency. Regular updates provide insights into CTRE's operator-focused strategy and disciplined capital allocation in the healthcare real estate sector.
Bookmark this page for direct access to SEC filings, dividend declarations, and property transaction updates. Check back frequently to stay informed about CareTrust REIT's evolving position in the healthcare facilities market.
CareTrust REIT has released its fourth annual Corporate Sustainability report, highlighting progress in Environmental, Social, and Governance (ESG) initiatives. The company, which operates through triple-net master leases, promotes sustainable practices among third-party operators by offering financial incentives for environmental projects and incorporating green lease clauses.
Key achievements include:
- Identifying the top 20 most resource-intensive properties
- Implementing two environmental improvement projects through a tenant incentive program
- Increasing leases with ESG requirements by 10%
- Assessing energy reduction from LED lighting retrofits
- Enhancing employee well-being and professional development
- Boosting charitable giving
- Strengthening cybersecurity measures
- Developing a portfolio Resilience Strategy for climate-related risks
The report aligns with Global Reporting Initiative (GRI) standards and includes frameworks like the Task Force on Climate-related Financial Disclosures (TCFD). CareTrust REIT was awarded Prime status by ISS ESG in their ESG Corporate Rating on March 21, 2024.
CareTrust REIT has acquired a 4-facility, 396-bed/unit skilled nursing portfolio in the Mid-Atlantic for $74.7 million. The acquisition includes a triple-net master lease with a new operator, featuring a 15-year initial term and a 9.3% year 1 contractual lease yield. This brings CareTrust's year-to-date investments to over $900 million.
In September 2024, CareTrust raised $309.9 million through its ATM program and paid off a $200 million term loan. The company currently has $280 million in cash and a reloaded investment pipeline of $240 million in near-term opportunities. CareTrust's CEO, Dave Sedgwick, stated that the company is well-positioned for growth as it enters the final quarter of 2024.
CareTrust REIT (NYSE:CTRE) has announced a quarterly cash dividend of $0.29 per common share. The dividend will be paid to stockholders of record as of the close of business on September 30, 2024, with the payment expected around October 15, 2024. CareTrust REIT is a self-administered, publicly-traded real estate investment trust specializing in healthcare-related properties. The company focuses on skilled nursing, seniors housing, and other healthcare facilities across the United States. With a portfolio of long-term net-leased properties and quality operators, CareTrust REIT is actively pursuing both external and organic growth opportunities nationwide.
CareTrust REIT (NYSE:CTRE) has announced the acquisition of two skilled nursing facilities in separate transactions, totaling a $62.1 million investment. The company acquired a 125-bed facility in the Mid-Atlantic for $37.7 million and a 134-bed facility on the West Coast for $24.5 million. The Mid-Atlantic facility is expected to generate $3.4 million in annual base rent, while the West Coast facility's current rent is $868,000 with a projected 10% stabilized yield by 2026.
CareTrust has also raised $190.2 million through its ATM program at an average price of $27.02 per share and initiated a new $750 million ATM program. The company's year-to-date investments total $827 million at an average yield of 9.5%, with a replenished pipeline of $230 million in near-term acquisition opportunities.
CareTrust REIT (NYSE:CTRE) reported strong Q2 2024 results, with investments of $267.7 million at a 9.9% estimated stabilized yield. The company collected 98.3% of contractual rent and interest, and achieved net income of $10.8 million ($0.07 per share). Normalized FFO was $52.5 million ($0.36 per share), while normalized FAD reached $54.0 million ($0.37 per share). CareTrust maintained a quarterly dividend of $0.29 per share, representing a 78% payout ratio on normalized FAD. The company's market cap grew 84% year-over-year. Post-quarter, CareTrust made additional investments totaling $378 million, bringing the year-to-date total to $764.5 million at a 9.5% estimated stabilized yield. The company has a strong liquidity position with $100 million in cash and an undrawn $600 million credit line.
CareTrust REIT (NYSE:CTRE) has announced $378 million in new investments, including a $260 million senior mortgage loan and a $43 million preferred equity investment for a 37-facility skilled nursing and seniors housing portfolio in the Pacific Northwest. The portfolio comprises 2,713 operating beds/units across eight states. The loan has a five-year maturity and 8.5% starting annual yield, while the preferred equity investment has an 11% contractual yield with a minimum seven-year hold period.
Additionally, CareTrust funded $75 million to acquire the remaining portion of a previously announced $165 million senior mortgage term loan. The company's year-to-date investments total $765 million at an average yield of 9.5%. CareTrust also revealed a replenished investment pipeline of $270 million in near-term real estate acquisition opportunities.
CareTrust REIT (NYSE:CTRE) has announced its plans to release second quarter 2024 financial results after U.S. markets close on Thursday, August 1, 2024. The company will host a conference call to discuss the results on Friday, August 2, 2024, at 1:00 p.m. Eastern Time. Investors can join the call using the toll-free number 1 (800) 715-9871 or the toll number 1 (646) 307-1963 with conference ID 2243604. A webcast will be available on the company's investor relations website, and a recording will be accessible for approximately 30 days following the call.
CareTrust REIT is a self-administered, publicly-traded real estate investment trust specializing in healthcare-related properties, including skilled nursing and seniors housing facilities. The company focuses on both external and organic growth opportunities across the United States through property ownership, acquisition, development, and leasing.
CareTrust REIT has announced a quarterly cash dividend of $0.29 per common share, payable on July 15, 2024, to shareholders of record as of June 28, 2024. The company continues to focus on growth opportunities in skilled nursing, seniors housing, and other healthcare-related properties. CareTrust REIT is a self-administered real estate investment trust with a portfolio of long-term net-leased properties across the United States.
CareTrust REIT celebrates its 10-year anniversary with significant milestones, including two strategic transactions totaling $180 million and an expanded investment pipeline of $460 million. The company has achieved a total shareholder return of 247% since inception. Notable financial highlights include issuing 2.5 million shares at a gross price of $24.90, resulting in gross proceeds of $62.3 million and boosting the outstanding share count to 144.6 million. CareTrust REIT holds approximately $230 million in cash and full availability under its revolver, providing ample flexibility for future growth. The demographic surge in seniors aged 85 and older, coupled with a shrinking supply of facilities, positions CareTrust well for future demand.
CareTrust REIT (NYSE: CTRE) has released a new investor presentation and business update for NAREIT's REITweek 2024 Investor Conference.
CareTrust REIT owns, acquires, develops, and leases skilled nursing, seniors housing, and other healthcare properties across the U.S. The company focuses on both external and organic growth opportunities, holding a nationwide portfolio of long-term net-leased properties. The new presentation is available under the 'Events and Presentations' tab on the CareTrust website.
