CareTrust REIT reports Q3 normalized FFO 45c, consensus 47c

Reports Q3 revenue $132.444M, consensus $122.35M. CareTrust’s President and Chief Executive Officer, Dave Sedgwick, commented, “We continue to press the advantage afforded by our strong balance sheet with over $495 million of investments closed in the third quarter and since, bringing our year-to-date total investments to a record of approximately $1.6 billion. At the same time, we took steps to position our portfolio for success next year and beyond: we further bolstered our liquidity and leverage with the largest equity issuance in our history, saw portfolio EBITDAR rent coverage climb to 2.2x and rent collections hit 100%, and our UK acquisition integration is on schedule with a swelling deal funnel. All of this sets us up for a strong finish to 2025 and, with a replenished investment pipeline of $600 million, we’re excited to carry significant momentum into 2026.”