CareTrust REIT Q2 net income slightly beats, raises 2026 outlook

CareTrust REIT

06/08/2026 21:34

Overview
US healthcare REIT's Q2 net income rose 9% yr/yr, slightly beating analyst expectations
Normalized FFO per share grew 19% yr/yr to $0.51
Company raised 2026 guidance, projecting over 15% growth in Normalized FFO and FAD per share

Outlook
CareTrust REIT raises 2026 net income guidance to $1.53-$1.56 per share
Company sees 2026 Normalized FFO at $2.03-$2.06 per share
CareTrust expects 2026 Normalized FAD of $2.01-$2.04 per share

Result Drivers
INVESTMENT ACTIVITY - Co closed $899.6 mln of investment activity in Q2 at a blended stabilized yield of 8.9%
RENT COLLECTION - Co reported 100% collection of contractual rent and interest in Q2
EXTERNAL GROWTH - Management cited expanded opportunity set and strong operator relationships as supporting continued external growth

Company press release: ID:nBw9J2YHga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
Slight Beat*
$89 mln
$88.67 mln (8 Analysts)
Q2 Dividend
 
$0.39
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "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 $45.50, about 10.6% above its August 5 closing price of $41.14
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 26 three months ago

Reuters Recommended Reads
Aug 4 - Healthpeak Properties raises 2026 outlook, authorizes $500 mln buyback
Aug 4 - Community Healthcare Trust cuts dividend to fund growth initiatives
Aug 5 - NNN REIT beats Q2 revenue estimates, raises 2026 guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)