CareTrust REIT, Inc. reported significant financial growth in its latest quarterly results, with total revenues reaching $161.3 million for the three months ended June 30, 2026, a 43.4% increase from $112.5 million in the same period last year. The company's net income attributable to CareTrust REIT, Inc. was $89.0 million, or $0.38 per diluted share, compared to $68.5 million, or $0.35 per diluted share, in the prior year. For the first half of 2026, total revenues were $304.1 million, up from $209.1 million in the first half of 2025, while net income rose to $169.2 million from $134.3 million.
The company experienced notable changes in its financial metrics compared to the previous fiscal period. Rental income surged by 37.4% to $118.2 million for the second quarter, driven by new acquisitions and increased rental rates. Additionally, interest income from financing receivables increased significantly, reflecting the origination of new financing receivables during the quarter. The total expenses for the quarter were $72.4 million, up from $49.9 million a year earlier, primarily due to higher depreciation and amortization costs associated with recent acquisitions.
Strategically, CareTrust REIT has expanded its portfolio through various acquisitions, totaling approximately $423.6 million for 20 properties, including skilled nursing and senior housing facilities. The company also initiated a senior housing operating portfolio (SHOP) structure, which has allowed it to manage properties more effectively. As of June 30, 2026, CareTrust owned 426 skilled nursing facilities and senior housing communities across 33 states and the U.K., with a total of 39,667 operational beds and units.
Operationally, the company reported a strong performance in cash flows, with net cash provided by operating activities increasing to $225.1 million for the first half of 2026, compared to $172.2 million in the same period last year. However, cash used in investing activities rose significantly to $990.7 million, reflecting the company's aggressive acquisition strategy. The company also reported a decrease in cash and cash equivalents to $49.3 million as of June 30, 2026, down from $198.0 million at the end of 2025, primarily due to its investment activities.
Looking ahead, CareTrust REIT remains optimistic about its growth trajectory, citing ongoing demand for healthcare real estate and the potential for further acquisitions. The company has also indicated plans to continue leveraging its ATM program for equity financing, with $876.4 million available for future issuances. However, it acknowledges potential risks related to market conditions, interest rates, and regulatory changes that could impact its operations and financial performance.
About CareTrust REIT, Inc.
CareTrust REIT is a publicly-traded real estate investment trust specializing in healthcare properties, including skilled nursing, seniors housing, assisted living, and independent living facilities. It owns, leases, and finances a diversified portfolio across the U.S., primarily through long-term triple-net leases to healthcare operators. The company focuses on opportunistic acquisitions, portfolio diversification, and supporting quality operators to generate stable cash flow and long-term value.
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