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CareTrust REIT (CTRE)
NYSE:CTRE
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.35Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: -0.52%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
The earnings call was predominantly positive, highlighting a significant strategic acquisition, robust financial performance, and strong investment pipeline. However, there are some concerns about potential Medicaid cuts and the performance of specific tenants which add a cautious note.Company Guidance
During the CareTrust REIT first quarter 2025 earnings call, several key metrics were discussed regarding the company's strategic initiatives and financial performance. Dave Sedgwick, President and CEO, highlighted the acquisition of Care REIT for approximately $856 million, which is expected to generate $68.6 million in annual rent and diversify the company's operations geographically and by asset class. James Callister, Chief Investment Officer, reported on U.S. investments totaling $82 million with a yield of approximately 10%, and mentioned a strong investment pipeline of $500 million focused primarily on skilled nursing facilities. Financially, Bill Wagner, CFO, noted a 67.4% increase in normalized FFO to $77.8 million and a 66% increase in normalized FAD to $80.8 million for the quarter. Guidance was raised, with normalized FFO per share expected between $1.69 and $1.73 and normalized FAD per share between $1.73 and $1.77 for the year. Wagner also discussed a $500 million term loan to support the acquisition and pipeline. The company's net debt to normalized EBITDA ratio is expected to remain below 2.5 times post-transaction, indicating strong liquidity and financial stability.Strategic Acquisition of Care REIT
CareTrust REIT announced the acquisition of the UK-based Care REIT for approximately $856 million. This marks CareTrust's first M&A activity and entry into the UK market, diversifying operator concentration, geography, payer sources, and asset classes.
Record Investment Pipeline
CareTrust has a robust investment pipeline amounting to approximately $500 million, predominantly consisting of real estate acquisitions in the U.S. and not including the UK acquisition of Care REIT.
Significant Financial Performance Improvement
Normalized FFO increased by 67.4% over the prior year quarter to $77.8 million, and normalized FAD increased by 66% to $80.8 million. On a per share basis, normalized FFO increased by $0.07 or 20% to $0.42 per share, and normalized FAD increased by $0.06 or 16.2% to $0.43 per share.
Successful Financing and Low Leverage
CareTrust secured commitments for a $500 million five-year term loan and raised roughly $100 million via the ATM, maintaining a low net debt to normalized EBITDA ratio of 0.5 times and net debt to enterprise value at 2.9%.
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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 |
|---|---|---|---|
| May 01, 2025 | $29.07 | $28.54 | -1.82% |
| Feb 12, 2025 | $25.28 | $26.21 | +3.68% |
| Oct 29, 2024 | $31.21 | $32.08 | +2.79% |
| Aug 01, 2024 | $26.31 | $26.53 | +0.84% |
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 Jul 31, 2025, TBA Not Confirmed.
What is CareTrust REIT (CTRE) earnings time?
CareTrust REIT (CTRE) earnings time is at Jul 31, 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 (Q2) is 0.35.
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