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.)