CareTrust REIT Announces Third Quarter 2026 Operating Results; Updates 2026 Guidance
Business Wire•05/11/2026•16:12 ET
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Key Highlights
- ➤Normalized FFO per share $0.54, up 20% year-over-year
- ➤2026 guidance midpoint raised to Normalized FFO $2.085 per share
- ➤Initial LNT closing acquired 23 U.K. care homes for £552 million
- ➤2026 investments reach approximately $2.9 billion at 8.1% blended yield
- ➤New $700 million term loan and $2.0 billion revolver expand liquidity
Expert Statements
Dave Sedgwick, Chief Executive Officer of CareTrust REIT
“Normalized FFO per share increased 20% year-over-year and the team set another record of approximately $2.9 billion invested across skilled nursing, SHOP, and UK care homes, all while positioning the balance sheet for continued strong growth in the near to mid-term.”
Dave Sedgwick, Chief Executive Officer of CareTrust REIT
“The CareTrust flywheel continues to accretively deliver year-over-year growth of our asset base and FFO. The relationship with LNT is a multiplier to our SHOP and UK care home growth engines. We've never been more excited for the runway ahead.”
Derek Bunker, Chief Financial Officer of CareTrust REIT
“The midpoints of our updated Normalized FFO and Normalized FAD guidance represent increases of 18.5% and 16.2%, respectively, over 2025 results. The new term loan and expanded revolver extend our runway and give us substantial capacity to fund the acquisition of the remaining LNT homes and the rest of our pipeline. With leverage well below our target range and multiple levers across our capital toolkit, we are well positioned to keep funding growth at our current pace.”
CareTrust REIT Announces Third Quarter 2026 Operating Results; Updates 2026 Guidance
Conference Call Scheduled for Friday, November 6, 2026 at 11:00 am ET
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