CareTrust REIT Funds Mortgage Financing with Purchase Option on Tennessee Skilled Nursing Facilities; Reports Reloaded Pipeline of $260 Million and Q1 ATM Activity of $273 Million
CareTrust REIT, Inc. (CTRE)
Last caretrust reit, inc. earnings: 2/20 04:34 pm
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US:NASDAQ Investor Relations:
investor.caretrustreit.com/investor-relations
Company Research
Source: Business Wire
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded a $26.7 million mortgage loan in connection with the borrower’s acquisition of a 2-asset, skilled nursing portfolio with a total of 276 licensed beds and located in Tennessee. The borrower group under the loan is an experienced, regional health care real estate owner and investor. The facilities will be operated by affiliates of The Ensign Group, Inc. (Nasdaq: ENSG), which took over operations effective May 1, 2024, pursuant to a new, long-term triple-net master lease with the borrower.The loan is secured by a first priority lien on the borrowers’ ownership interest in the real estate and carries a seven-year maturity with one, 12-month extension and an annual interest rate of 9.10%. The terms of the loan include CareTrust having the option to purchase the facilities in the future (subject to the master lease with affiliates of The Ensign Group remaining in place). The purcha
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CTRE
News
- CareTrust REIT, Inc. (NASDAQ: CTRE) had its price target raised by analysts at KeyCorp from $25.00 to $27.00. They now have an "overweight" rating on the stock.MarketBeat
- CareTrust REIT, Inc. (NYSE:CTRE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- CareTrust REIT (CTRE) Misses Q1 FFO Estimates [Yahoo! Finance]Yahoo! Finance
- CareTrust REIT Announces First Quarter 2024 Operating Results [Yahoo! Finance]Yahoo! Finance
- CareTrust REIT Announces First Quarter 2024 Operating ResultsBusiness Wire
CTRE
Earnings
- 5/2/24 - Miss
CTRE
Sec Filings
- 5/6/24 - Form 8-K
- 5/6/24 - Form 424B5
- 5/2/24 - Form 8-K
- CTRE's page on the SEC website