Brief: CareTrust REIT Q2 EPS USD 0.35 Vs. IBES Estimate USD 0.34

CareTrust REIT

06/08/2025 21:12

Overview

CareTrust Q2 net income of $68.5 mln beats analyst expectations

EPS for Q2 at $0.35, surpassing analyst estimates, per LSEG data

Outlook

CareTrust REIT raises 2025 net income guidance to $1.43-$1.45 per share

Company projects 2025 normalized FFO at $1.77-$1.79 per share

CareTrust REIT expects 2025 normalized FAD of $1.77-$1.79 per share

Company assumes 2.5% CPI-based rent escalators for 2025

Result Drivers

STRATEGIC ACQUISITIONS - CareTrust invested $1.2 bln year-to-date, including acquisition of Care REIT plc, expanding into UK market

CREDIT FACILITY UPSIZE - Co upsized credit facility with $500 mln term loan, enhancing financial flexibility

HIGH RENT COLLECTION - CareTrust achieved 99.7% rent and interest collection, contributing to stable revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
Beat
$0.35
$0.34 (6 Analysts)
Q2 Net Income
Beat
$68.50 mln
$61.70 mln (6 Analysts)
Q2 Dividend
$0.335


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for CareTrust REIT Inc is $33.00, about 0.6% above its August 5 closing price of $32.79

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nBwb89g8ra

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)