CareTrust REIT Q3 net income up 67%, beats estimates

CareTrust REIT

05/11/2025 21:28

Overview

CareTrust REIT Q3 net income rises 67% yr/yr, beating analyst expectations

Company raises $736 mln in public stock offering, bolstering liquidity

CareTrust REIT reports 100% rent collection, indicating strong operational performance

Outlook

CareTrust projects 2025 net income per share of $1.41 to $1.42

CareTrust expects 2025 normalized FFO per share of $1.76 to $1.77

CareTrust anticipates 2025 normalized FAD per share of $1.76 to $1.77

Result Drivers

INVESTMENT ACTIVITY - Co closed $59.4 mln in investments at a stabilized yield of 8.8%

STOCK OFFERING - Co raised $736 mln in public stock offering, bolstering liquidity

RENT COLLECTION - Co reports 100% collection of contractual rent and interest

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
Beat
$74.90 mln
$73.62 mln (6 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "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 $38.00, about 6.9% above its November 4 closing price of $35.39

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nBw12hfl2a

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