CareTrust REIT (NYSE: CTRE) has reported significant investment activity, closing approximately $245 million in transactions during the first quarter of 2026, with an additional $865 million in 12 transactions since April, totaling about $1.1 billion year-to-date at a blended stabilized yield of 8.9%. The company experienced a 14% year-over-year increase in normalized funds from operations (FFO) per share, now projected at $2.00 to $2.04 for 2026, reflecting an increase from earlier guidance.
In its balanced portfolio, CareTrust has invested roughly $705 million in U.S. skilled nursing and senior housing, $225 million in loans secured by skilled nursing facilities, and $160 million in U.K. care homes. The company also noted strong operational performance, achieving 100% contractual rent collection and maintaining an EBITDAR rent coverage ratio of 2.25 times.
As of May 7, CareTrust had $350 million drawn on its $1.2 billion credit facility and reported a low net debt to annualized normalized run-rate EBITDA ratio of 0.6 times. The company’s current investment pipeline stands at approximately $360 million, primarily focused on U.K. care homes and skilled nursing opportunities.
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