Overview

* CareTrust REIT ( CTRE ) Q3 net income rises 67% yr/yr, beating analyst expectations

* Company raises $736 mln in public stock offering, bolstering liquidity

* CareTrust REIT ( CTRE ) reports 100% rent collection, indicating strong operational performance

Outlook

* CareTrust projects 2025 net income per share of $1.41 to $1.42

* CareTrust expects 2025 normalized FFO per share of $1.76 to $1.77

* CareTrust anticipates 2025 normalized FAD per share of $1.76 to $1.77

Result Drivers

* INVESTMENT ACTIVITY - Co closed $59.4 mln in investments at a stabilized yield of 8.8%

* STOCK OFFERING - Co raised $736 mln in public stock offering, bolstering liquidity

* RENT COLLECTION - Co reports 100% collection of contractual rent and interest

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net Beat $74.90 $73.62

Income mln mln (6

Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "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 $38.00, about 6.9% above its November 4 closing price of $35.39

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release:

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(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.)