Declared Dividend • Jun 25
First quarter dividend of US$0.39 announced Shareholders will receive a dividend of US$0.39. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 3.8%, which is about the same as the industry average. Announcement • Jun 17
CareTrust REIT, Inc. Declares Quarterly Common Stock Cash Dividend, Payable on or About July 15, 2026 CareTrust REIT, Inc. announced that its Board of Directors has declared a quarterly common stock cash dividend of $0.39 per common share. The current dividend will be payable to common stockholders of record as of the close of business on June 30, 2026. The Company
intends to pay the dividend on or about July 15, 2026. Announcement • May 20
CareTrust REIT, Inc. has completed a Follow-on Equity Offering in the amount of $502.8125 million. CareTrust REIT, Inc. has completed a Follow-on Equity Offering in the amount of $502.8125 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 12,500,000
Price\Range: $40.225
Security Features: Income Trust Announcement • May 09
CareTrust REIT , Inc. Increases Earnings Guidance for 2026 CareTrust REIT, Inc. increased earnings guidance for 2026. The Company provided updated guidance for 2026, projecting net income attributable to CareTrust of approximately $1.49 per share to $1.53 per share . Total net income attributable to CareTrust of $348 million to $358 million. Announcement • Apr 24
CareTrust REIT, Inc. to Report Q1, 2026 Results on May 07, 2026 CareTrust REIT, Inc. announced that they will report Q1, 2026 results After-Market on May 07, 2026 Announcement • Mar 16
CareTrust REIT, Inc., Annual General Meeting, Apr 29, 2026 CareTrust REIT, Inc., Annual General Meeting, Apr 29, 2026. Location: company offices, 24901 dana point harbor dr, suite a200, dana point, california 92629, United States Announcement • Mar 13
CareTrust REIT, Inc. Announces Quarterly Dividend , Payable on or About April 15, 2026 CareTrust REIT, Inc. announced that its Board of Directors has increased its quarterly common stock cash dividend from $0.335 to $0.39 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2026. The Company intends to pay the dividend on or about April 15, 2026. Announcement • Feb 18
CareTrust REIT, Inc. has filed a Follow-on Equity Offering in the amount of $1 billion. CareTrust REIT, Inc. has filed a Follow-on Equity Offering in the amount of $1 billion.
Security Name: Common Stock
Security Type: Common Stock
Security Features: Income Trust
Transaction Features: At the Market Offering Announcement • Feb 13
CareTrust REIT, Inc. Provides Earnings Guidance for the Full Year 2026 CareTrust REIT, Inc. provided earnings guidance for the full year 2026. The company projecting net income attributable to the company of approximately $1.45 to $1.50 per share and net income attributable to the company of $326 million to $338 million. Announcement • Jan 29
CareTrust REIT, Inc. to Report Q4, 2025 Results on Feb 12, 2026 CareTrust REIT, Inc. announced that they will report Q4, 2025 results After-Market on Feb 12, 2026 Announcement • Jan 06
CareTrust REIT, Inc. (NYSE:CTRE) acquired Mid-Atlantic Skilled Nursing Portfolio for approximately $140 million. CareTrust REIT, Inc. (NYSE:CTRE) acquired Mid-Atlantic Skilled Nursing Portfolio for approximately $140 million on January 1, 2026. The transaction was funded using cash on hand.
CareTrust REIT, Inc. (NYSE:CTRE) completed the acquisition of Mid-Atlantic Skilled Nursing Portfolio on January 1, 2026. Announcement • Jan 05
Caretrust Reit, Inc. Announces Promotions and Key Hires in Senior Management and Other Roles CareTrust REIT, Inc. announced the promotions of Joe Layne to Senior Vice President, Corporate Counsel, Rory Williams to Senior Vice President, Portfolio Management, Brandon Keller to Vice President, Asset Management, Josh Hillman to Vice President, Investments, Shane Archer to Asset Manager, Asset Management, Nick Winthrop to Senior Associate, Investments, Michael Pellegrino to Senior Analyst, Asset Management, and Tara Mohammadi to Accounting Supervisor, Accounting. CareTrust also welcomed several new professionals to its team: Kyle Bennion as Senior Vice President Investments, Transactions Counsel, Dan Chin as Vice President of Data & Analytics, Emily Meckler as Finance Director, and Landon Hallmark as Machine Learning Engineer, Data & Analytics. Announcement • Dec 17
CareTrust REIT, Inc Announces Quarterly Dividend, Payable on or about January 15, 2026 CareTrust REIT, Inc. announced that its Board of Directors has declared a quarterly common stock cash dividend of $0.335 per common share. The current dividend will be payable to common stockholders of record as of the close of business on December 31, 2025. The Company intends to pay the dividend on or about January 15, 2026. Announcement • Dec 02
CareTrust REIT, Inc. (NYSE:CTRE) acquired three senior living communities comprising 270 assisted living and memory care units in Texas for approximately $40 million. CareTrust REIT, Inc. (NYSE:CTRE) acquired three senior living communities comprising 270 assisted living and memory care units in Texas for approximately $40 million on December 1, 2025. A cash consideration of $40 million will be paid by CareTrust REIT, Inc. As part of consideration, $40 million is paid towards assets of three senior living communities comprising 270 assisted living and memory care units in Texas. The acquisition was funded with cash on hand.
CareTrust REIT, Inc. (NYSE:CTRE) completed the acquisition of three senior living communities comprising 270 assisted living and memory care units in Texas on December 1, 2025. Announcement • Nov 06
CareTrust REIT, Inc. Updates Unaudited Earnings Guidance for the Full Year of 2025 CareTrust REIT, Inc. updated unaudited earnings guidance for the full year of 2025. For the year, the company now expects net income attributable to CareTrust REIT, Inc. of $1.41 to $1.42. Announcement • Oct 27
Caretrust Reit, Inc. Appoints Mr. Gregory K. Stapley to Board of Directors, Effective as of January 1, 2026 On October 21, 2025, the Board of Directors of CareTrust REIT, Inc. unanimously increased the size of the Company’s Board of Directors from five to six directors and appointed Mr. Gregory K. Stapley to the Board of Directors, effective as of January 1, 2026. Mr. Stapley is not expected to serve on any committee of the Board of Directors. Mr. Stapley brings a distinguished record of leadership and deep institutional knowledge of the healthcare real estate sector, having previously served as CareTrust’s President and Chief Executive Officer from the Company’s inception in 2014 to 2022. Prior to his tenure at the helm of CareTrust, Mr. Stapley was a co-founder of The Ensign Group, Inc. (“Ensign”), serving as its General Counsel and later as Executive Vice President until leading the spin-off of CareTrust from Ensign. Before Ensign, Mr. Stapley was a partner at a law firm, where his practice focused on real estate, business transactions, and government relations. Announcement • Oct 24
CareTrust REIT, Inc. to Report Q3, 2025 Results on Nov 05, 2025 CareTrust REIT, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Announcement • Sep 24
CareTrust REIT, Inc. Announces CFO Changes, Effective January 1, 2026 CareTrust REIT, Inc. announced that William M. Wagner, the Company’s Chief Financial Officer and Treasurer, plans to retire in early 2026. Derek Bunker, who currently serves as the Company’s Senior Vice President of Strategy and Investor Relations, is expected to succeed Mr. Wagner as Chief Financial Officer effective January 1, 2026. Mr. Bunker has over a decade of healthcare leadership experience from his time as the Vice President of Acquisitions and Business Legal Affairs at The Ensign Group and more recently as Chief Investment Officer and Executive Vice President at The Pennant Group, where he developed a deep understanding of the senior care and healthcare real estate industries. As part of the CFO transition plan, Lauren Beale, the Company’s Chief Accounting Officer, will assume expanded responsibilities, further strengthening the leadership bench. Announcement • Sep 16
CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on or about October 15, 2025 CareTrust REIT, Inc. announced that its Board of Directors has declared a quarterly common stock cash dividend of $0.335 per common share. The current dividend will be payable to common stockholders of record as of the close of business on September 30, 2025. The Company intends to pay the dividend on or about October 15, 2025. Announcement • Aug 07
CareTrust REIT, Inc. Increases Unaudited Earnings Guidance for the Year 2025 CareTrust REIT, Inc. increased unaudited earnings guidance for the year 2025. For the year, the company expects net income attributable to CareTrust REIT, Inc. of $1.43 - $1.45. Announcement • Jul 24
CareTrust REIT, Inc. to Report Q2, 2025 Results on Aug 06, 2025 CareTrust REIT, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Announcement • Jun 18
CareTrust REIT, Inc Announces Quarterly Dividend, Payable on or About July 15, 2025 CareTrust REIT, Inc. announced that its Board of Directors has declared a quarterly common stock cash dividend of $0.335 per common share. The current dividend will be payable to common stockholders of record as of the close of business on June 30, 2025. The Company intends to pay the dividend on or about July 15, 2025. Announcement • Jun 02
CareTrust REIT, Inc. announces Executive Changes CareTrust REIT, Inc. announced the hiring of Roger Laty, who joins CareTrust as SVP of Tax, and Derek Bunker, who joins as SVP of Strategy and Investor Relations. Mr. Laty brings over 30 years of tax leadership experience in the real estate industry, with deep expertise in real estate investment trusts and joint ventures. Most recently, he served for 12 years as Vice President - Tax at UDR, Inc., where he oversaw all aspects of tax compliance, planning, and transaction structuring. His prior roles include senior tax leadership positions at various real estate firms and early career experience at Ernst & Young LLP and Kenneth Leventhal & Company. Mr. Bunker brings extensive leadership experience in healthcare services and post-acute real estate. He served as Chief Investment Officer and Executive Vice President of The Pennant Group, where he oversaw strategic growth, real estate, investor relations, and corporate governance. Prior to that, he held key roles at The Ensign Group and began his career as an attorney with Latham & Watkins LLP. Announcement • May 02
CareTrust REIT, Inc. Provides Earnings Guidance for the Full Year 2025 CareTrust REIT, Inc. provided earnings guidance for the full year 2025. The company increased guidance for 2025, with Mr. Wagner projecting on a per-diluted weighted-average common share basis net income of approximately $1.36 to $1.40. Announcement • Apr 23
CareTrust REIT, Inc. to Report Q1, 2025 Results on May 01, 2025 CareTrust REIT, Inc. announced that they will report Q1, 2025 results After-Market on May 01, 2025 Announcement • Mar 18
CareTrust REIT, Inc. Raises Quarterly Dividend, Payable on or About April 15, 2025 CareTrust REIT, Inc. announced that its Board of Directors has increased its quarterly common stock cash dividend from $0.29 to $0.335 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2025. The Company intends to pay the dividend on or about April 15, 2025. Announcement • Mar 12
CareTrust REIT, Inc. (NYSE:CTRE) reached an agreement to acquire Care REIT plc (LSE:CRT) from group of shareholders for approximately £450 million. CareTrust REIT, Inc. (NYSE:CTRE) reached an agreement to acquire Care REIT plc (LSE:CRT) from group of shareholders for approximately £450 million on March 11, 2025. As part of the acquisition, CareTrust REIT, Inc will acquire the entire share capital or approximately 410 million ordinary shares in Care REIT plc at a price of £1.08 per share through CR United Bidco Ltd, a Bidco company formed for the acquisition. CareTrust intends to finance the consideration payable to Care REIT's shareholders by utilizing borrowings under CareTrust’s existing unsecured revolving credit facility. Care REIT plc Directors unanimously consider the terms of the Acquisition to be fair and reasonable and recommend that Care REIT plc Shareholders vote, or procure the vote, in favor of the Scheme at the Court Meeting and the Resolutions. Bidco has received irrevocable undertakings from each of the Care REIT plc Directors who each holds Care REIT plc Shares to vote in favor of the Scheme at the Court Meeting and the Resolutions in respect of their own beneficial holdings in respect of which they control the voting rights amounting, in aggregate to 0.18 million Care REIT plc Shares, representing approximately 0.04% of Care REIT plc's issued ordinary share capital. Bidco has also received irrevocable undertakings from Mahesh Patel and Andrew Cowley (both managing partners of CRT IM), CRT IM and the Jogendra Patel Will Trust (of which Mahesh Patel is a trustee) to vote, or procure the vote, in favor of the Scheme at the Court Meeting and the Resolutions in respect of their entire beneficial holdings of Care REIT plc Shares amounting, in aggregate, to 12.1 million Care REIT plc Shares, representing approximately 2.9% of Care REIT plc's issued ordinary share capital. In total, therefore, irrevocable undertakings to vote in favor of the Scheme at the Court Meeting and the Resolutions have been received from Care REIT plc Shareholders controlling, in aggregate, 12.3 million Care REIT plc Shares, representing approximately 3% of Care REIT plc's issued ordinary share capital.
CareTrust intends to delist CRT plc immediately following the Effective Date. Consequently, CRT plc will not require listed company governance structures and, accordingly, it is intended that the CRT plc Directors will cease to be directors of CRT plc following completion of the Acquisition. The transaction is intended to be effected by means of a scheme of arrangement under Part 26 of the UK Companies Act (the “ Scheme ”), meaning it is subject to court approval, regulatory approval, third part approval as well as approval by Care REIT's shareholders and the satisfaction or waiver of other ordinary conditions to closing. The transaction has been unanimously approved by the boards of directors of both CareTrust and Care REIT and is currently expected to close in the second quarter of 2025.
Richard Singh and Damian Thornton of Piper Sandler Ltd. acted as sole financial advisor to CareTrust REIT, Inc. Tom Yeadon, Rishi Bhuchar, Paul Bundred, Andrew Morris and Thomas Bective of Jefferies International Limited acted as financial advisor to Care REIT plc. Anna Cartwright, Leon Ferera, Jonn Beeson and Oliver Hewitt of Jones Day acted as legal advisor to CareTrust REIT, Inc. Travers Smith LLP acted as legal advisor to Care REIT plc. Announcement • Mar 10
CareTrust REIT, Inc., Annual General Meeting, Apr 29, 2025 CareTrust REIT, Inc., Annual General Meeting, Apr 29, 2025. Location: 905 calle amanecer, suite 300, san clemente, california 92673, United States Announcement • Feb 07
CareTrust REIT, Inc. to Report Q4, 2024 Results on Feb 12, 2025 CareTrust REIT, Inc. announced that they will report Q4, 2024 results After-Market on Feb 12, 2025 Announcement • Jan 23
CareTrust REIT, Inc. has completed a Follow-on Equity Offering in the amount of $309.855 million. CareTrust REIT, Inc. has completed a Follow-on Equity Offering in the amount of $309.855 million.
Security Name: Common Stock
Security Type: Common Stock
Security Features: Income Trust
Transaction Features: At the Market Offering Announcement • Jan 02
CareTrust REIT, Inc. Announces Executive Changes CareTrust REIT, Inc. announced the appointment of Lauren Beale as Chief Accounting Officer (CAO), effective as of January 1, 2025. Ms. Beale becomes the company’s first CAO after serving in different leadership roles since the inception of CareTrust. The company also welcomes Tri Tran as its newest Senior Vice President, Investments. Mr. Tran brings many years of experience investing in both Triple Net Skilled Nursing/Assisted Living and Seniors Housing Operating Properties (SHOP). In addition to Lauren and Tri’s announcements, these individuals have been promoted to the following positions effective January 1, 2025: Michael Sotelo, Controller . Announcement • Dec 17
CareTrust REIT, Inc. Declares Quarterly Common Stock Cash Dividend, Payable on or About January 15, 2025 CareTrust REIT, Inc. announced that its Board of Directors has declared a quarterly common stock cash dividend of $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on December 31, 2024. The Company intends to pay the dividend on or about January 15, 2025. New Risk • Nov 04
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 457% Cash payout ratio: 100% Dividend yield: 3.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 457% Cash payout ratio: 100% Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€941k sold). Buy Or Sell Opportunity • Nov 01
Now 21% undervalued Over the last 90 days, the stock has risen 19% to €29.60. The fair value is estimated to be €37.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 155% in the next 2 years. Announcement • Nov 01
CareTrust REIT, Inc. has completed a Follow-on Equity Offering in the amount of $441.6 million. CareTrust REIT, Inc. has completed a Follow-on Equity Offering in the amount of $441.6 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 13,800,000
Price\Range: $32
Discount Per Security: $1.28
Security Features: Income Trust Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: US$0.21 (vs US$0.083 in 3Q 2023) Third quarter 2024 results: EPS: US$0.21 (up from US$0.083 in 3Q 2023). Revenue: US$77.4m (up 39% from 3Q 2023). Net income: US$33.4m (up 289% from 3Q 2023). Profit margin: 43% (up from 15% in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Health Care REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Announcement • Oct 30
CareTrust REIT, Inc. (NYSE:CTRE) and unknown buyer entered into an agreement to acquire Thirty-one skilled nursing facilities for $500 million. CareTrust REIT, Inc. (NYSE:CTRE) and unknown buyer entered into an agreement to acquire Thirty-one skilled nursing facilities for $500 million on October 29, 2024. It is anticipated that most of the facilities will be operated by existing CareTrust tenant relationships, including affiliates of The Ensign Group (NASDAQ: ENSG), PACS Group, Inc. (NYSE: PACS), and Links Healthcare Group. PACS has agreed to operate 12 of the facilities, Ensign affiliates 9 of the facilities, and Links 7 of the facilities. Three facilities will be master leased to a regional operator that is a new tenant relationship for CareTrust. Three of Ensign’s 9 facilities will be acquired by Ensign’s real estate subsidiary with the remaining 6 to be included in a new master lease. The transaction is subject to customary closing conditions, and is expected to close in the fourth quarter of 2024. Announcement • Oct 24
CareTrust REIT, Inc. to Report Q3, 2024 Results on Oct 29, 2024 CareTrust REIT, Inc. announced that they will report Q3, 2024 results After-Market on Oct 29, 2024 Declared Dividend • Sep 23
Second quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 30th September 2024 Payment date: 15th October 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.8%. Announcement • Sep 17
CareTrust REIT, Inc. Announces Quarterly Cash Dividend, Payable on or About October 15, 2024 CareTrust REIT, Inc. announced that its Board of Directors has declared a quarterly common stock cash dividend of $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on September 30, 2024. The Company intends to pay the dividend on or about October 15, 2024. Recent Insider Transactions • Sep 06
CFO & Treasurer recently sold €941k worth of stock On the 4th of September, William Wagner sold around 35k shares on-market at roughly €26.89 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was William's only on-market trade for the last 12 months. Announcement • Aug 30
CareTrust REIT, Inc. (NYSE:CTRE) acquired 125 bed skilled nursing facility in the Mid-Atlantic for $37.7 million. CareTrust REIT, Inc. (NYSE:CTRE) acquired 125 bed skilled nursing facility in the Mid-Atlantic for $37.7 million on August 29, 2024.
CareTrust REIT, Inc. (NYSE:CTRE) completed the acquisition of125 bed skilled nursing facility in the Mid-Atlantic for $37.7 million on August 29, 2024. New Risk • Aug 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Dividend is not well covered by earnings (dividend per share is over 10x earnings per share). Large one-off items impacting financial results. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.074 (vs US$0.006 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.074 (up from US$0.006 loss in 2Q 2023). Revenue: US$68.9m (up 34% from 2Q 2023). Net income: US$10.8m (up US$11.3m from 2Q 2023). Profit margin: 16% (up from net loss in 2Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Health Care REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jul 27
CareTrust REIT, Inc. to Report Q2, 2024 Results on Aug 01, 2024 CareTrust REIT, Inc. announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 Declared Dividend • Jun 24
First quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 4.7%, which is higher than the industry average of 3.8%. Announcement • Jun 18
CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on June 28, 2024 CareTrust REIT, Inc. announced that its Board of Directors declared a quarterly common stock cash dividend of $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on June 28, 2024. The Company intends to pay the dividend on or about July 15, 2024. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.22 (vs US$0.19 in 1Q 2023) First quarter 2024 results: EPS: US$0.22 (up from US$0.19 in 1Q 2023). Revenue: US$63.1m (up 25% from 1Q 2023). Net income: US$28.7m (up 50% from 1Q 2023). Profit margin: 46% (up from 38% in 1Q 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Health Care REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Apr 29
CareTrust REIT, Inc. to Report Q1, 2024 Results on May 02, 2024 CareTrust REIT, Inc. announced that they will report Q1, 2024 results After-Market on May 02, 2024 New Risk • Apr 05
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 41x earnings per share. Cash payout ratio: 101% Dividend yield: 4.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 41x earnings per share. Cash payout ratio: 101% Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (36% increase in shares outstanding). Declared Dividend • Mar 20
Fourth quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 4.9%, which is higher than the industry average of 3.8%. Announcement • Mar 20
CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on April 15, 2024 CareTrust REIT, Inc. announced that its board of directors has increased its quarterly common stock cash dividend from $0.28 to $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 28, 2024 and management affirmed that the company plans to pay the dividend on or about April 15, 2024. Announcement • Mar 09
CareTrust REIT, Inc., Annual General Meeting, Apr 25, 2024 CareTrust REIT, Inc., Annual General Meeting, Apr 25, 2024, at 09:00 Pacific Daylight. Location: at 905 Calle Amanecer, Suite 300 San Clemente California United States Agenda: To consider and elect Ms. Diana M. Laing, Ms. Anne Olson, Mr. Spencer G. Plumb, Mr. David M. Sedgwick and Ms. Careina D. Williams to the Board of Directors to serve until the Company’s 2025 annual meeting of stockholders and until their respective successors are duly elected and qualified; to consider and approve, on an advisory basis, the compensation of the Company’s named executive officers; to consider and ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024; and to transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof. Reported Earnings • Feb 09
Full year 2023 earnings released: EPS: US$0.51 (vs US$0.082 loss in FY 2022) Full year 2023 results: EPS: US$0.51 (up from US$0.082 loss in FY 2022). Revenue: US$217.8m (up 11% from FY 2022). Net income: US$53.7m (up US$61.7m from FY 2022). Profit margin: 25% (up from net loss in FY 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Health Care REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Feb 09
CareTrust REIT, Inc. Provides Earning Guidance for 2024 CareTrust REIT, Inc. provided earning guidance for 2024. For the year, the company expects net income attributable to the company from $1,020 to $1,040. Announcement • Feb 03
CareTrust REIT, Inc. to Report Q4, 2023 Results on Feb 08, 2024 CareTrust REIT, Inc. announced that they will report Q4, 2023 results After-Market on Feb 08, 2024 Announcement • Dec 19
CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on or About January 12, 2024 CareTrust REIT, Inc. announced that its Board of Directors has declared a quarterly common stock cash dividend of $0.28 per common share. The current dividend will be payable to common stockholders of record as of the close of business on December 29, 2023. The company intends to pay the dividend on or about January 12, 2024. Announcement • Nov 11
CareTrust REIT, Inc. Reports Impairment of Real Estate Investments for the Third Quarter Ended September 30, 2023 CareTrust REIT, Inc. reported impairment of real estate investments for the third quarter ended September 30, 2023. For the third quarter ended September 30, 2023, the company reported impairment of real estate investments of $8,232,000 against $12,322,000 a year ago. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: US$0.084 (vs US$0.006 in 3Q 2022) Third quarter 2023 results: EPS: US$0.084 (up from US$0.006 in 3Q 2022). Revenue: US$55.9m (up 11% from 3Q 2022). Net income: US$8.70m (up US$8.08m from 3Q 2022). Profit margin: 16% (up from 1.2% in 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Health Care REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Nov 04
CareTrust REIT, Inc. to Report Q3, 2023 Results on Nov 09, 2023 CareTrust REIT, Inc. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 Buying Opportunity • Nov 04
Now 23% undervalued Over the last 90 days, the stock is up 8.2%. The fair value is estimated to be €25.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 48%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 283% in the next 2 years. Announcement • Sep 16
CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on September 29, 2023 CareTrust REIT, Inc. announced that its Board of Directors has declared a quarterly common stock cash dividend of $0.28 per common share. The current dividend will be payable to common stockholders of record as of the close of business on September 29, 2023. The Company intends to pay the dividend on or about October 13, 2023. Announcement • Sep 07
CareTrust REIT, Inc. (NYSE:CTRE) and a third-party regional healthcare real estate investor acquired La Fuente Post Acute. CareTrust REIT, Inc. (NYSE:CTRE) and a third-party regional healthcare real estate investor acquired La Fuente Post Acute on September 6, 2023. The transaction is funded with cash on hand. Once regulatory approval is obtained, the facility will be operated by Bayshire Senior Communities.
CareTrust REIT, Inc. (NYSE:CTRE) and a third-party regional healthcare real estate investor completed the acquisition of La Fuente Post Acute on September 6, 2023. Reported Earnings • Aug 05
Second quarter 2023 earnings released: US$0.006 loss per share (vs US$0.21 profit in 2Q 2022) Second quarter 2023 results: US$0.006 loss per share (down from US$0.21 profit in 2Q 2022). Revenue: US$51.6m (up 8.4% from 2Q 2022). Net loss: US$573.0k (down 103% from profit in 2Q 2022). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Health Care REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jul 29
CareTrust REIT, Inc. to Report Q2, 2023 Results on Aug 03, 2023 CareTrust REIT, Inc. announced that they will report Q2, 2023 results After-Market on Aug 03, 2023 Announcement • Jun 21
CareTrust REIT, Inc. Declares Quarterly Common Stock Cash Dividend, Payable on or About July 14, 2023 CareTrust REIT, Inc. announced that its Board of Directors has declared a quarterly common stock cash dividend of $0.28 per common share. The current dividend will be payable to common stockholders of record as of the close of business on June 30, 2023. The Company intends to pay the dividend on or about July 14, 2023. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: US$0.19 (vs US$0.45 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.19 (up from US$0.45 loss in 1Q 2022). Revenue: US$50.6m (up 8.9% from 1Q 2022). Net income: US$19.2m (up US$62.6m from 1Q 2022). Profit margin: 38% (up from net loss in 1Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Health Care REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 11
CareTrust REIT, Inc. Increase Quarterly Dividend CareTrust REIT, Inc. increased its quarterly dividend from $0.275 to $0.28 per common share. On an annualized basis, the payout ratio was approximately 80% based on first quarter 2023 normalized FFO, and 76% based on normalized FAD. Announcement • May 05
CareTrust REIT, Inc. to Report Q1, 2023 Results on May 10, 2023 CareTrust REIT, Inc. announced that they will report Q1, 2023 results After-Market on May 10, 2023 Reported Earnings • Feb 10
Full year 2022 earnings released: US$0.078 loss per share (vs US$0.74 profit in FY 2021) Full year 2022 results: US$0.078 loss per share (down from US$0.74 profit in FY 2021). Revenue: US$196.1m (up 2.0% from FY 2021). Net loss: US$7.51m (down 111% from profit in FY 2021). Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Feb 04
CareTrust REIT, Inc. to Report Q4, 2022 Results on Feb 09, 2023 CareTrust REIT, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 09, 2023 Announcement • Jan 05
An unknown buyer acquired five senior housing facilities in Virginia from CareTrust REIT, Inc. (NYSE:CTRE) for $13 million. An unknown buyer acquired five senior housing facilities in Virginia from CareTrust REIT, Inc. (NYSE:CTRE) for $13 million on January 4, 2023.An unknown buyer completed the acquisition of five senior housing facilities in Virginia from CareTrust REIT, Inc. (NYSE:CTRE) on January 4, 2023. Announcement • Dec 17
CareTrust REIT, Inc. Announces Quarterly Cash Dividend, Payable on or About January 13, 2023 CareTrust REIT, Inc. announced that its Board of Directors has declared a quarterly common stock cash dividend of $0.275 per common share. The current quarterly dividend is payable to common stockholders of record as of the close of business on December 30, 2022. The Company intends to pay the dividend on or about January 13, 2023. Announcement • Nov 29
Caretrust Reit Announces James Callister to Succeed Mark Lamb as Chief Investment Officer CareTrust REIT, Inc. announced appointment of James Callister as Chief Investment Officer, to be effective as of December 31, 2022. Mr. Callister will succeed Mark Lamb, who will be leaving the company after a transition period to pursue entrepreneurial opportunities. Mr. Callister currently serves as CareTrust Executive Vice President. Mr. Callister has served as Executive Vice President and Secretary since July 2022. He previously served as General Counsel and Secretary from February 2021 to July 2022. Prior to joining CareTrust, Mr. Callister worked as a real estate attorney and a partner at the law firm of Sherry Meyerhoff Hanson & Crance LLP and, before that, at the law firm of O’Melveny & Myers LLP. Since 2008, he has worked almost exclusively on healthcare REIT transactions, closing on acquisitions or financings of over 300 skilled nursing, seniors housing, and independent living facilities on transactions involving the investment of over $2.5B across 35 states. Mr. Callister has assisted in the structuring, negotiating and closing of all of CareTrust’s acquisitions since its formation as a REIT. As an attorney, Mr. Callister worked for nearly 20 years in private practice representing and advising clients in a diverse array of real estate transactions. Mr. Callister’s transactions-based legal experience has focused on the representation of publicly-traded REITs in the acquisition, disposition, leasing, and financing of healthcare-related properties. Mr. Callister holds a B.A. in History from Brigham Young University and a J.D. from the J. Reuben Clark Law School at Brigham Young University, where he graduated magna cum laude. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$0.007 (vs US$0.12 in 3Q 2021) Third quarter 2022 results: EPS: US$0.007 (down from US$0.12 in 3Q 2021). Revenue: US$50.3m (up 3.5% from 3Q 2021). Net income: US$709.0k (down 94% from 3Q 2021). Profit margin: 1.4% (down from 24% in 3Q 2021). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Nov 01
CareTrust REIT, Inc. to Report Q3, 2022 Results on Nov 08, 2022 CareTrust REIT, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 08, 2022 Announcement • Oct 01
An unknown buyer acquired Seven Skilled Nursing Facilities in Ohio from CareTrust REIT, Inc. (NYSE:CTRE) for $52 million. An unknown buyer acquired Seven Skilled Nursing Facilities in Ohio from CareTrust REIT, Inc. (NYSE:CTRE) for $52 million on September 30, 2022. In connection with the completion of the sale, the CareTrust’s master lease with affiliates of Trio Healthcare was terminated.
An unknown buyer completed the acquisition of Seven Skilled Nursing Facilities in Ohio from CareTrust REIT, Inc. (NYSE:CTRE) on September 30, 2022. Upcoming Dividend • Sep 22
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 14 October 2022. Trailing yield: 5.5%. Within top quartile of German dividend payers (5.1%). In line with average of industry peers (5.4%). Announcement • Sep 16
Caretrust Reit Announces Quarterly Cash Dividend, Payable on or About October 14, 2022 CareTrust REIT, Inc. announced that its Board of Directors has declared a quarterly common stock cash dividend of $0.275 per common share. The current quarterly dividend is payable to common stockholders of record as of the close of business on September 30, 2022. The Company intends to pay the dividend on or about October 14, 2022. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.21 (vs US$0.22 in 2Q 2021) Second quarter 2022 results: EPS: US$0.21 (down from US$0.22 in 2Q 2021). Revenue: US$47.6m (down 1.5% from 2Q 2021). Net income: US$20.7m (down 2.5% from 2Q 2021). Profit margin: 44% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 3.6% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. 
