CareTrust REIT, Inc. (CTRE) Earnings Call Transcripts
CareTrust REIT, Inc.'s Latest Earnings Call - Q1 FY2026
In the first quarter of 2026, CareTrust REIT, Inc. (CTRE:US) reported a strong performance, closing approximately $245 million in investments and an additional $865 million post-quarter, signaling robust deal flow. The company achieved a normalized FFO of $107.4 million, reflecting a 38% increase year-over-year, and raised its full-year FFO guidance to a range of $2.00 to $2.04 per share, indicating a 14.8% increase over 2025 results. The management emphasized a disciplined approach to acquisitions, particularly in the skilled nursing and U.K. care home sectors, while maintaining strong financial health with an investment-grade rating from Moody's.
Reported metrics
| Metric | Value |
|---|---|
| Normalized FFO | $107.4 million (beat) |
| Normalized FAD | $107.6 million (beat) |
| Dividend Increase | 16.4% (positive) |
| Investment Activity | $1.1 billion (positive) |
| EBITDA Rent Coverage | 2.25x (positive) |
| EBITDARM Coverage | 2.79x (positive) |
Guidance from management
CareTrust raised its full-year normalized FFO guidance to $2.00-$2.04 per share, reflecting a 14.8% increase over 2025 results. This guidance assumes no new investments beyond those made year-to-date and includes inflation-based rent escalators.
What management said
Well, when we look at -- when we put our pipe, as you know, we have the custom of not including larger portfolios that we're pursuing because even though we may have a strong interest in them, sometimes they're fishnet expeditions by the sellers. They may not be real. It's a lower probability of landing those. And so a prime example is what just happened with this large deal in California, that was something that act...
In SHOP if we're talking about great compression. I mean, it's hard to put an exact nose on it. There's a range in SHOP often as you know, between where our primary market, if you're a Class A or where you fit in range from the best building or two in a primary market to the best few buildings in a secondary or tertiary. I would say right now, it feels like Class A in the primary market is going to have a 5 handle on...
What analysts pressed on
Analysts expressed concerns about the competitive landscape in the skilled nursing market, noting increased competition and aggressive underwriting practices by peers. There were also inquiries about the company's ability to expand its SHOP platform amidst these challenges.
Main topics on the call
- Investment Activity — CareTrust closed approximately $245 million in investments during Q1 and an additional $865 million since April, resulting in a total of $1.1 billion year-to-date. Management noted, "the pace only accelerated from there,...
- FFO Growth — Normalized FFO increased 38% year-over-year to $107.4 million, with per share growth of 14%. Management stated, "the results of the hard work and sacrifice of an extraordinary team produced year-over-year FFO per share g...
- Dividend Increase — The company announced a 16.4% increase in dividends, reinforcing its commitment to returning value to shareholders. This increase aligns with the overall positive financial performance reported for the quarter.
- Guidance Update — CareTrust raised its full-year normalized FFO guidance to $2.00-$2.04 per share, representing a 14.8% increase over 2025. Management indicated this was based on strong operational performance and a solid investment pipel...
Read the full CareTrust REIT, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About CareTrust REIT, Inc.
CareTrust REIT, Inc. (CTRE) is a publicly listed company in the Health Care REITs industry, within the Real Estate sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 27 calls on record spanning February 21, 2020 to August 7, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 27 CareTrust REIT, Inc. earnings call transcripts on record, spanning February 21, 2020 to August 7, 2026. Based on this history, CareTrust REIT, Inc. reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- CTRE
- Exchange
- NYSE
- Country
- US
- Sector
- Real Estate
- Industry
- Health Care REITs
- Calls on record
- 27
- First call
- February 21, 2020
- Most recent
- August 7, 2026
- Reporting cadence
- quarterly