CareTrust REIT ( (CTRE) ) has released its Q2 earnings. Here is a breakdown of the information CareTrust REIT presented to its investors.
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CareTrust REIT, Inc. is a publicly-traded real estate investment trust that specializes in the ownership, acquisition, development, and leasing of healthcare-related properties, including skilled nursing and seniors housing facilities, with operations in both the United States and the United Kingdom.
In its second quarter of 2025, CareTrust REIT reported significant financial achievements, including a substantial investment portfolio and strategic acquisitions. The company highlighted its acquisition of Care REIT plc, marking its entry into the UK care home market, and announced an upsized credit facility with a $500 million term loan.
Key financial metrics for the quarter included a net income of $68.5 million, or $0.35 per share, and a normalized funds from operations (FFO) of $83.1 million, or $0.43 per share. The company also reported a high collection rate of 99.7% for contractual rent and interest, and maintained a low leverage ratio with a net debt to annualized normalized run rate EBITDA of 2.0x.
Looking ahead, CareTrust REIT’s management is optimistic about its growth trajectory, with an investment pipeline of approximately $600 million. The company has increased its guidance for 2025, projecting a net income per share of $1.43 to $1.45 and a normalized FFO per share of $1.77 to $1.79, reflecting confidence in its strategic investments and operational performance.
Overall, CareTrust REIT’s robust financial performance and strategic initiatives position the company for continued growth and expansion in the healthcare real estate sector, both domestically and internationally.