CareTrust REIT, Inc. Q1 2026 Earnings Recap

CareTrust REIT shares rose 5.3% following the quarter, reflecting investor approval of accelerated deal activity and a raised FFO per share guidance that implies nearly 15% growth over 2025. The market rewarded the company’s growing portfolio, strong tenancy metrics, and upgraded credit profile.

Key Takeaways

• Closed $245 million in investments during Q1 2026, with a 12-transaction, $865 million spree since April, signaling aggressive deployment of capital at ~8.8%-8.9% stabilized yields.
• Raised full-year FFO per share guidance midpoint by 14.8%, supporting management’s outlook for sustained growth.
• Dividend increased 16.4% year-over-year, demonstrating confidence in cash flow stability.
• Moody’s upgraded CareTrust to investment grade, reflecting improved credit fundamentals.
• Tenant financials remain robust with 2.25x EBITDAR and 2.79x EBITDARM rent coverage; collected 100% of contractual rent and interest in Q1.