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CareTrust REIT Earnings Calls

Q1 2025 Missed
$0.420 (-2.33%)
Release date May 01, 2025
EPS estimate $0.430
EPS actual $0.420
EPS Surprise -2.33%
Revenue estimate 98.848M
Revenue actual 71.646M
Revenue Surprise -27.52%
Q4 2024
Release date Feb 12, 2025
EPS estimate $0.400
EPS actual $0.400
Revenue estimate 77.251M
Revenue actual 62.199M
Revenue Surprise -19.48%
Q3 2024
Release date Oct 29, 2024
EPS estimate $0.380
EPS actual $0.380
Revenue estimate 57.29M
Revenue actual 77.381M
Revenue Surprise 35.07%
Q2 2024
Release date Aug 01, 2024
EPS estimate $0.360
EPS actual $0.360
Revenue estimate 55.34M
Revenue actual 68.891M
Revenue Surprise 24.49%

Last 4 Quarters for CareTrust REIT

Below you can see how CTRE performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q2 2024
Release date Aug 01, 2024
Fiscal end date Jun 30, 2024
Price on release $27.17
EPS estimate $0.360
EPS actual $0.360
Date Price
Jul 26, 2024 $26.54
Jul 29, 2024 $26.91
Jul 30, 2024 $26.87
Jul 31, 2024 $26.96
Aug 01, 2024 $27.17
Aug 02, 2024 $27.39
Aug 05, 2024 $26.88
Aug 06, 2024 $27.40
Aug 07, 2024 $27.44
4 days before 2.37%
4 days after 0.99%
On release day 0.81%
Change in period 3.39%
Q3 2024
Release date Oct 29, 2024
Fiscal end date Sep 30, 2024
Price on release $31.92
EPS estimate $0.380
EPS actual $0.380
Date Price
Oct 23, 2024 $30.85
Oct 24, 2024 $30.94
Oct 25, 2024 $30.93
Oct 28, 2024 $31.31
Oct 29, 2024 $31.92
Oct 30, 2024 $32.81
Oct 31, 2024 $32.67
Nov 01, 2024 $32.37
Nov 04, 2024 $31.06
4 days before 3.47%
4 days after -2.69%
On release day 2.79%
Change in period 0.681%
Q4 2024
Release date Feb 12, 2025
Fiscal end date Dec 31, 2024
Price on release $25.58
EPS estimate $0.400
EPS actual $0.400
Date Price
Feb 06, 2025 $26.37
Feb 07, 2025 $26.32
Feb 10, 2025 $26.11
Feb 11, 2025 $25.75
Feb 12, 2025 $25.58
Feb 13, 2025 $26.52
Feb 14, 2025 $26.42
Feb 18, 2025 $25.97
Feb 19, 2025 $25.86
4 days before -3.00%
4 days after 1.09%
On release day 3.67%
Change in period -1.93%
Q1 2025 Missed
Release date May 01, 2025
Fiscal end date Mar 31, 2025
Price on release $29.07
EPS estimate $0.430
EPS actual $0.420
EPS surprise -2.33%
Date Price
Apr 25, 2025 $28.10
Apr 28, 2025 $28.37
Apr 29, 2025 $28.79
Apr 30, 2025 $29.27
May 01, 2025 $29.07
May 02, 2025 $28.54
May 05, 2025 $28.92
May 06, 2025 $29.47
May 07, 2025 $29.16
4 days before 3.45%
4 days after 0.310%
On release day -1.82%
Change in period 3.77%

CareTrust REIT Earnings Call Transcript Summary of Q1 2025

Key Points from CareTrust REIT Q1 2025 Earnings Call for Investors

  • Strategic Acquisition:
    • CareTrust REIT announced its acquisition of Care REIT, a UK-listed company, valued at approximately $856 million. This deal significantly diversifies CareTrust's portfolio and marks its first entry into the UK market.
    • Care REIT's 134 properties generate approximately $68.6 million in annual rent, which will be accretive to CareTrust's earnings in the first year post-acquisition.
  • Strong Financial Performance:
    • Normalized Funds from Operations (FFO) increased by 67.4% YoY to $77.8 million.
    • Normalized Funds Available for Distribution (FAD) rose 66% YoY to $80.8 million.
    • Per share normalized FFO increased to $0.42, while normalized FAD rose to $0.43.
  • Investment Activity:
    • In Q1 2025, CareTrust completed new investments totaling over $47 million at a yield of approximately 10%.
    • Year-to-date investments now total about $82 million with a similar yield, and the company has a robust pipeline of around $500 million primarily consisting of U.S. acquisitions.
  • Guidance Update:
    • CareTrust raised its guidance for normalized FFO per share to between $1.69 and $1.73 and for normalized FAD per share to between $1.73 and $1.77 for the year.
    • This includes a base case scenario with no additional investments or debt issuances.
  • Financial Health:
    • The company maintains a strong liquidity position with $100 million raised via an ATM and $825 million available under its revolver.
    • Net debt to normalized EBITDA ratio stands at 0.5x, with expectations to remain below 2.5x post-acquisition.
  • Market Outlook:
    • The management expressed optimism regarding the UK market, with an experienced team ready to leverage opportunities.
    • Potential impacts of Medicaid and Medicare policy changes are being monitored, but current expectations remain stable.
  • Operator Relationships:
    • CareTrust is seeing increased interest from UK operators and brokers, suggesting potential for future acquisitions and growth within the UK.
    • The company continues to prioritize U.S. acquisitions while evaluating opportunities in the UK market.
  • Operational Effectiveness:
    • The company's coverage ratios are improving, indicating stable performance among operators.
    • The management is focused on maintaining strong relationships with tenants and transitioning assets as needed.

Overall, the earnings call indicates a strong performance trajectory for CareTrust REIT, backed by strategic acquisitions and a strong financial foundation. Investors may find opportunities in the firm's expansion into the UK market and its robust U.S. investment pipeline.

CareTrust REIT Earnings History

Earnings Calendar

FAQ

When is the earnings report for CTRE?
CareTrust REIT (CTRE) has scheduled its earnings report for Aug 07, 2025 after the markets close.

What is the CTRE price-to-earnings (P/E) ratio?
CTRE P/E ratio as of May 22, 2025 (TTM) is 33.26.

What is the CTRE EPS forecast?
The forecasted EPS (Earnings Per Share) for CareTrust REIT (CTRE) for the first fiscal quarter 2025 is $0.450.

What are CareTrust REIT's retained earnings?
On its balance sheet, CareTrust REIT reported retained earnings of $71.65 million for the latest quarter ending Mar 31, 2025.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT CARETRUST REIT
CareTrust REIT
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United State...
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