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CareTrust REIT (CTRE)
NYSE:CTRE
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -2.54%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance and optimistic outlook for future growth, highlighting significant investment activity and robust financial metrics. However, potential political risks and uncertainties around key operators like PACS were noted, yet they do not seem to overshadow the overall positive momentum.Company Guidance
During the CareTrust REIT fourth quarter 2024 earnings call, the company provided detailed guidance and performance metrics, highlighting a resilient fiscal outlook for 2025. They reported a significant $1.5 billion in investments at a stabilized yield of 9.7%, match funded with $1.5 billion of equity issuance. The company expects FFO per share growth of 12% to 14.6%, projecting normalized FFO per share between $1.68 and $1.72. Key financial figures included a 68.1% year-over-year increase in normalized FFO to $72.9 million and a 63.7% increase in normalized FAD to $74.3 million. Lease coverages remained strong with metrics such as 2.82 times EBITDARM and 2.21 times EBITDAR overall, and 3.02 times EBITDARM and 2.37 times EBITDAR for the top ten tenants. The company holds $180 million in cash and $1.2 billion available under a new revolver, maintaining a net debt to normalized EBITDA ratio of 0.5 times and a fixed charge coverage ratio of 17 times. With strategic investments and efficient capital management, CareTrust remains poised for continued growth in 2025.Robust Investment Activity
CareTrust completed new investments totaling just over $1.5 billion at an estimated stabilized yield of 9.7% in 2024. They finished the year with $700 million of new investments at an estimated stabilized yield of 9.9%, adding 81 triple net facilities to the portfolio.
Strong Financial Performance
Normalized FFO increased 68.1% to $72.9 million, and normalized FAD increased 63.7% to $74.3 million. On a per-share basis, normalized FFO increased 11.1% to $0.40 per share, and normalized FAD increased 10.8% to $0.41 per share.
Positive Outlook for Growth
CareTrust's guidance for 2025 includes normalized FFO per share growth of 12% to 14.6% and for normalized FAD per share growth of 11.8% to 14.4%. The company expressed optimism about the investment pipeline and future growth opportunities.
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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
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CTRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $25.58 | $26.52 | +3.67% |
| Oct 29, 2024 | $31.57 | $32.45 | +2.79% |
| Aug 01, 2024 | $26.62 | $26.84 | +0.83% |
| May 02, 2024 | $24.51 | $24.18 | -1.35% |
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.
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FAQ
When does CareTrust REIT (CTRE) report earnings?
CareTrust REIT (CTRE) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is CareTrust REIT (CTRE) earnings time?
CareTrust REIT (CTRE) earnings time is at May 01, 2025, TBA Not 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 2025 (Q1) is 0.33.
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