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Stock impact report

CareTrust Acquires Mid-Atlantic Skilled Nursing Portfolio for Approximately $142 Million [Yahoo! Finance]

CareTrust REIT, Inc. (CTRE) 
Last caretrust reit, inc. earnings: 2/20 04:34 pm Check Earnings Report
Company Research Source: Yahoo! Finance
of six skilled nursing facilities located in the Mid-Atlantic for a purchase price of approximately $142 million including transaction costs, effective January 1, 2026. The portfolio contains 532 licensed beds and is operated by a tenant new to CareTrust under a long-term triple net lease with annual inflation-based rent escalators and multiple renewal options. "We're excited to begin 2026 with an off-market transaction that checks all the right boxes for us," said James Callister, CareTrust's Chief Investment Officer. "The quality of the portfolio, attractive coverage metrics, and the opportunity to transact with a strong new tenant with a proven operating and credit profile make this a compelling investment and a great example of the disciplined, relationship-driven growth we continue to pursue." Mr. Callister noted the Company expects the portfolio to generate a 9% stabilized yield. The transaction was funded using cash on hand. Joe Callan, Senior Vice President of Investments, Show less Read more
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