Quarterly ResultMay 7, 2026, 04:24 PM
CareTrust REIT Q1 Revenue +47.7% to $142.8M; Net Income +21.9% to $80.2M
AI Summary
CareTrust REIT reported strong first-quarter 2026 financial results, with total revenues increasing by 47.7% to $142.8 million and net income attributable to the company rising 21.9% to $80.2 million. Basic and diluted earnings per common share both increased to $0.36. The company continued its expansion, acquiring 10 new properties for $211.9 million during the quarter and significantly increasing its real estate investments.
Key Highlights
- Total revenues increased 47.7% to $142.8 million for Q1 2026, up from $96.6 million in Q1 2025.
- Net income attributable to CareTrust REIT, Inc. rose 21.9% to $80.2 million in Q1 2026.
- Basic and diluted EPS increased to $0.36 for Q1 2026, compared to $0.35 in Q1 2025.
- Rental income grew 59.4% to $114.2 million in Q1 2026 from $71.6 million in Q1 2025.
- Acquired 10 real estate properties (890 beds/units) for $211.9 million in Q1 2026.
- Total assets increased to $5.24 billion as of March 31, 2026, from $5.15 billion at December 31, 2025.
- Net cash provided by operating activities was $90.4 million in Q1 2026, up from $71.4 million in Q1 2025.
- Issued common stock generating $127.9 million in net proceeds in Q1 2026.