CareTrust REIT delivered robust third-quarter results with normalized FFO per share growing 18% year-over-year to $0.45, supported by a historic $1.6 billion in year-to-date investments and strategic expansions into new growth areas.
- Closed $495 million in new investments during Q3, driving total year-to-date investments to over $1.6 billion.
- Third-quarter normalized FFO per share of $0.45 reflects a strong 18% increase compared to the same quarter last year.
- Integration of a U.K. acquisition is progressing well, with new opportunities now comprising one-third of the current $600 million deal pipeline.
- Positioned to launch a third growth engine in Senior Housing Operating Properties (SHOP) with expectations to close the first deal by year-end.
- Strengthened balance sheet with zero near-term debt maturities until 2028, enhancing liquidity for future investments.
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