CareTrust REIT, Inc. reported significant financial growth for the first quarter of 2026, with total revenues reaching $142.8 million, a 48% increase from $96.6 million in the same period last year. The company's rental income surged to $114.2 million, up from $71.6 million, driven by new acquisitions and increased rental rates. Net income attributable to CareTrust REIT, Inc. was $80.2 million, compared to $65.8 million in the prior year, resulting in earnings per share of $0.36, consistent with the previous quarter.
The company’s total assets increased to $5.24 billion as of March 31, 2026, up from $5.15 billion at the end of 2025. This growth was primarily attributed to a rise in real estate investments, which reached $3.88 billion, reflecting a $167 million increase from the previous quarter. CareTrust REIT also reported a notable increase in cash and cash equivalents, totaling $223.2 million, compared to $198.0 million at the end of 2025.
Operationally, CareTrust REIT expanded its portfolio, acquiring ten properties during the quarter for a total of $211.9 million, which included six skilled nursing facilities and four senior housing communities. The company now owns and operates 417 skilled nursing facilities and senior housing communities across 32 states and the U.K., with a total of 38,512 operational beds and units. The company also reported a 100% collection rate of contractual rents and interest due from operators and borrowers during the quarter.
Looking ahead, CareTrust REIT remains focused on strategic growth and maintaining its REIT status, which requires distributing at least 90% of its taxable income. The company has initiated a new at-the-market equity offering program, allowing it to raise up to $1 billion in capital. Despite the challenges posed by rising interest rates and market volatility, CareTrust REIT is optimistic about its ability to meet its liquidity needs and continue its investment strategy in the healthcare sector. The company is also closely monitoring regulatory changes that may 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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