Quarterly ResultMay 7, 2026, 04:29 PM
CareTrust REIT Q1 Net Income $80.2M; Raises 2026 Guidance
AI Summary
CareTrust REIT reported strong first quarter 2026 operating results, with significant year-over-year increases in net income, Normalized FFO, and Normalized FAD. The company also announced an increase in its quarterly dividend and raised its full-year 2026 guidance for net income, Normalized FFO, and Normalized FAD. Additionally, CareTrust REIT completed substantial investment activity and received an investment grade rating upgrade from Moody's, highlighting a robust start to the year and strong future prospects.
Key Highlights
- Q1 Net income $80.2M, or $0.36 per diluted share, up 3% YoY.
- Q1 Normalized FFO $107.4M, or $0.48 per diluted share, up 14% YoY.
- Q1 Normalized FAD $107.6M, or $0.48 per diluted share, up 12% YoY.
- Closed $245.1M in Q1 investment activity at an 8.8% blended stabilized yield.
- Increased quarterly dividend to $0.39 per share, a 16.4% year-over-year increase.
- Updated 2026 Normalized FFO guidance to $2.00-$2.04 per share, up 14.8% from 2025.
- Updated 2026 Normalized FAD guidance to $1.98-$2.02 per share, up 13.6% from 2025.
- Achieved an investment grade rating upgrade from Moody's.