CareTrust REIT (CTRE)
NYSE:CTRE
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.36Last Year’s EPS
0.35Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: substantial year-to-date investment activity (~$1.1B), double-digit per-share FFO/FAD growth, raised guidance, an investment-grade rating, strong rent coverage, and ample liquidity. The primary headwinds are competitive pressure and cap-rate compression in SHOP and selective pricing pressure on larger SNF deals, as well as modest near-term increases in G&A and accounting complexity around loans. Overall, the positives (accelerating investment activity, upgraded rating, raised guidance, strong earnings and coverage, and healthy liquidity) materially outweigh the challenges described.Company Guidance
Strong Investment Activity and Scale-Up
Closed approximately $245M of investments in Q1 and, since April, an additional 12 transactions totaling ~ $865M; year-to-date closed ~ $1.1B of investments at a blended stabilized yield of ~8.9% (Q1 blended yield 8.8%). Current quoted pipeline ~ $360M (over half UK care homes, ~20% SHOP).
Material Growth in Normalized Earnings
Normalized FFO increased 38% year-over-year to $107.4M and normalized FAD increased 33% to $107.6M. On a per-share basis, normalized FFO per share was $0.48 (+14% YoY) and normalized FAD per share was $0.48 (+12% YoY).
Raised Full-Year Guidance
Updated 2026 midpoint guidance implies normalized FFO per share midpoint +14.8% and normalized FAD per share midpoint +13.6% versus 2025; guidance midpoints are also +4.9% (FFO) and +3.9% (FAD) versus February 2026 guidance.
Dividend Increase
Declared a dividend increase of 16.4% year-over-year.
Balance Sheet Strength and Liquidity
Received a Moody’s investment-grade upgrade; no scheduled debt maturities before 2028; net debt to annualized normalized run-rate EBITDA was 0.6x (well below target leverage of 4.0x–5.0x); net debt to enterprise value ~3.6%; approximately $70M cash on hand, $850M availability on revolver, and ~ $879M ATM capacity.
High Rent Coverage and Collections
Stabilized triple-net portfolio rent coverage: EBITDAR 2.25x and EBITDARM 2.79x; collected 100% of contractual rent and interest in Q1.
UK Care Home Momentum
Closed investments in 10 UK care homes year-to-date and the UK pipeline is ahead of schedule; UK lease coverage metrics strong (reported closer to 1.75x–1.8x and north of 2.0x on EBITDA basis for some assets).
SHOP Platform Progress
Completed second SHOP investment (portfolio now four communities) and continue to view SHOP as a long-term growth engine despite competitive market; Q1 SHOP deals included a Prescott, AZ transaction (about 110 assisted-living units) with year-one going-in yield in the 8% range and an underwriting path to low-double-digit IRR.
CTRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CTRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $39.50 | $41.60 | +5.32% |
Feb 12, 2026 | $39.71 | $39.58 | -0.32% |
Nov 05, 2025 | $35.29 | $34.86 | -1.22% |
Aug 06, 2025 | $31.70 | $31.60 | -0.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CareTrust REIT (CTRE) report earnings?
CareTrust REIT (CTRE) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is CareTrust REIT (CTRE) earnings time?
CareTrust REIT (CTRE) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTRE EPS forecast?
CTRE EPS forecast for the fiscal quarter 2026 (Q2) is 0.36.