CareTrust REIT Q4 net income rises

Reuters
Yesterday
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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10