Overview

* CareTrust Q2 net income of $68.5 mln beats analyst expectations

* EPS for Q2 at $0.35, surpassing analyst estimates, per LSEG data

Outlook

* CareTrust REIT ( CTRE ) raises 2025 net income guidance to $1.43-$1.45 per share

* Company projects 2025 normalized FFO at $1.77-$1.79 per share

* CareTrust REIT ( CTRE ) expects 2025 normalized FAD of $1.77-$1.79 per share

* Company assumes 2.5% CPI-based rent escalators for 2025

Result Drivers

* STRATEGIC ACQUISITIONS - CareTrust invested $1.2 bln year-to-date, including acquisition of Care REIT plc, expanding into UK market

* CREDIT FACILITY UPSIZE - Co upsized credit facility with $500 mln term loan, enhancing financial flexibility

* HIGH RENT COLLECTION - CareTrust achieved 99.7% rent and interest collection, contributing to stable revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS Beat $0.35 $0.34 (6

Analysts

)

Q2 Net Beat $68.50 $61.70

Income mln mln (6

Analysts

)

Q2 $0.335

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 ( CTRE ) is $33.00, about 0.6% above its August 5 closing price of $32.79

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

(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.)