05:14 PM EDT, 08/12/2025 (MT Newswires) -- CareTrust REIT ( CTRE ) said Tuesday that it plans to sell 15.5 million shares of common stock in an underwritten public offering.

The company granted underwriters a 30-day option to buy up to an additional 2.3 million shares at the public offering price.

The company said it intends to use the net proceeds to its operating partnership, CTR Partnership, to fund new investments and repay borrowings under its revolving credit facility.