04:04 AM EDT, 05/19/2026 (MT Newswires) -- CareTrust REIT ( CTRE ) priced an upsized underwritten public offering of 12.5 million shares for gross proceeds of about $509.4 million, the company said late Monday.

Underwriters have a 30-day option to purchase up to an additional 1.9 million shares, the company said.

The offering is expected to close Wednesday, subject to customary conditions, CareTrust REIT ( CTRE ) said.

The company also said it entered forward sale agreements with affiliates of Wells Fargo Securities and JPMorgan in connection with the offering.

Net proceeds from the settlement of forward sale agreements will be used for general corporate purposes, including acquisitions, investments, and debt repayment, CareTrust REIT ( CTRE ) said.