CareTrust REIT Q4 net income rises

Reuters
02/13
CareTrust REIT Q4 net income rises

Overview

  • Healthcare REIT's Q4 net income rose 72% yr/yr, beating analyst expectations

  • Normalized FFO for Q4 increased 18% yr/yr

  • Company closed $561.5 mln of investment activity at 8.8% yield

Outlook

  • CareTrust projects 2026 net income per share between $1.45 and $1.50

  • Company expects 2026 Normalized FFO per share of $1.90 to $1.95

Result Drivers

  • INVESTMENT ACTIVITY - CareTrust closed $561.5 mln of investment activity at a blended stabilized yield of 8.8% during the quarter

  • PORTFOLIO DIVERSIFICATION - Introduction of UK Care Homes and SHOP as new growth engines contributed to portfolio diversification and strength

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Net Income

Beat

$111.30 mln

$79.82 mln (7 Analysts)

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "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 $41.00, about 4.1% above its February 11 closing price of $39.39

  • The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nBw71PT7da

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

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