Articles from CareTrust REIT, Inc.

CareTrust REIT, Inc. (NYSE:CTRE) announced today the acquisition of two facilities in separate transactions with a total investment amount of approximately $55 million.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from $0.29 to $0.335 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2025. The Company intends to pay the dividend on or about April 15, 2025.

CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust”) announced today that it has reached an agreement with the board of directors of Care REIT plc (LON: CRT) (“Care REIT”) on the terms of a recommended cash offer to be made for the acquisition of Care REIT1 by CR United Bidco Ltd ("Bidco"), a wholly-owned subsidiary of CareTrust (the "Acquisition"). CareTrust has agreed to pay 108 pence in cash per ordinary share of Care REIT.

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter and year ended December 31, 2024, as well as other recent events.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its fourth quarter and full year 2024 financial results after the U.S. markets close on Wednesday, February 12, 2025. Representatives of CareTrust REIT’s management team will host a conference call to discuss the results and other current matters the following day.

CareTrust REIT, Inc. (NYSE:CTRE) has announced that it has closed Phase 2 of the large Tennessee portfolio transaction announced on October 29, 2024 with the acquisition last week of an additional thirteen skilled nursing facilities. As anticipated, the second phase of the acquisition was completed through a joint venture arrangement entered into between CareTrust and a large third-party healthcare real estate owner. At closing, CareTrust provided a combined common equity and preferred equity investment totaling approximately $176 million at an initial contractual yield on its combined preferred and common equity investments in the joint venture of approximately 9.0%.

The Board of Directors of CareTrust REIT, Inc. (NYSE:CTRE) announced the appointment of Lauren Beale as Chief Accounting Officer (CAO), effective as of January 1, 2025. Ms. Beale becomes the company’s first CAO after serving in different leadership roles since the inception of CareTrust.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has renewed and doubled its unsecured revolving credit facility to $1.2 billion. The bank group consisted of Joint Lead Arranger/Administrative Agent KeyBanc Capital Markets, and Joint Lead Arrangers/Syndication Agents: BMO Capital Markets Corp., JPMorgan Chase Bank, N.A., Bank of America, N.A., Wells Fargo Securities, LLC, and Co-Documentation Agents: The Huntington National Bank, Raymond James Bank, M&T Bank, Morgan Stanley Bank, N.A., and Royal Bank of Canada.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on December 31, 2024. The Company intends to pay the dividend on or about January 15, 2025.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 46-facility, 3,820-bed/unit skilled nursing and seniors housing portfolio located in the Midwest for a total investment amount of approximately $97 million (inclusive of transaction costs). Seven of the 46 facilities acquired are skilled nursing and assisted living campuses and an additional seven are assisted living facilities.

CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust REIT” or the “Company”) announced the pricing of its upsized underwritten public offering of 13,800,000 shares of common stock at a price to the public of $32.00 per share. The offering is expected to close on November 1, 2024, subject to customary closing conditions. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,070,000 shares of common stock.

CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust REIT” or the “Company”) announced that, subject to market and other conditions, it intends to offer to sell 11,500,000 shares of its common stock in an underwritten public offering. The Company also intends to grant the underwriters a 30-day option to purchase up to an additional 1,725,000 shares of common stock. If exercised, all additional shares will be offered at the public offering price per share of common stock in the offering.

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended September 30, 2024, as well as other recent events.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that, together with a joint venture partner, it has entered into a binding agreement to acquire a portfolio of skilled nursing facilities for a purchase price of approximately $500 million. The portfolio consists of 31 skilled nursing facilities and a total of 3,290 licensed beds, with 30 of the facilities located in Tennessee and 1 in Alabama. The acquisition is subject to customary closing conditions, and there can be no assurance that the transaction will close in the anticipated timeframe, or at all. The Company anticipates that the transaction will close in the fourth quarter of 2024.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its third quarter 2024 financial results after the U.S. markets close on Tuesday, October 29, 2024. Representatives of CareTrust REIT’s management team will host a conference call to discuss the results and other current matters the following day.

CareTrust REIT, Inc. (NYSE: CTRE) today announced details of progress the company made toward its Environmental, Social, and Governance (ESG) initiatives in its fourth annual Corporate Sustainability report.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 4-facility, 396-bed/unit skilled nursing portfolio located in the Mid-Atlantic for a total investment amount of approximately $74.7 million (inclusive of transaction costs). One of the four facilities acquired is a skilled nursing and assisted living campus, which includes 47 assisted living units.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on September 30, 2024. The Company intends to pay the dividend on or about October 15, 2024.

CareTrust REIT, Inc. (NYSE:CTRE) announced today the acquisition of two skilled nursing facilities in separate transactions with a total investment amount of approximately $62.1 million. On August 29th, 2024, the company acquired a 125-licensed bed skilled nursing facility in the Mid-Atlantic. Separately, on August 7th, 2024, the company closed an investment in a 134-licensed bed skilled nursing facility located on the West Coast.

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended June 30, 2024, as well as other recent events.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded approximately $378 Million in new investments this week, including the funding of a $260 million senior mortgage loan and a $43 million preferred equity investment in connection with the borrower’s acquisition of a 37-facility skilled nursing and seniors housing portfolio located in the Pacific Northwest. The $378 million in investments was funded using cash on hand.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its second quarter 2024 financial results after the U.S. markets close on Thursday, August 1, 2024. Representatives of CareTrust REIT’s management team will host a conference call to discuss the results and other current matters the following day.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on June 28, 2024. The Company intends to pay the dividend on or about July 15, 2024.

CareTrust REIT, Inc. (NYSE: CTRE), a healthcare real estate investment trust specializing in skilled nursing and assisted living real estate investments, is proud to announce the celebration of its 10-year anniversary. In separate press releases, on this significant milestone, CareTrust REIT has announced two strategic transactions totaling approximately $180 million, further proving its commitment to growth and excellence in the healthcare sector.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has released a new investor presentation and business update in conjunction with NAREIT's REITweek 2024 Investor Conference.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded $90 million of a senior mortgage loan in connection with the borrower’s acquisition of an 8-facility skilled nursing portfolio located in the Southeastern United States. The portfolio, consisting of 1,011 skilled nursing beds and 150 assisted living beds, has been acquired by an experienced, regional health care real estate owner and operator, which took over operations effective June 1, 2024.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 5-facility, 498 licensed bed, skilled nursing portfolio located in the Southeastern United States for a total investment amount of approximately $80.9 million (inclusive of transaction costs).

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended March 31, 2024, as well as other recent events.

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.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its first quarter 2024 financial results after the U.S. markets close on Thursday, May 2, 2024. Representatives of CareTrust REIT’s management team will host a conference call to discuss the results and other current matters the following day.

CareTrust REIT, Inc. (NYSE: CTRE) was awarded Prime status by ISS ESG in their ESG Corporate Rating on March 21, 2024. Prime status is awarded to companies with an environmental, social and governance (ESG) performance above the sector-specific Prime threshold meaning that CareTrust REIT demonstrated strategies to manage ESG risks and impacts and implement opportunities throughout our value chain.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has purchased three continuing care retirement communities (CCRCs) located in Los Angeles, Orange, and San Diego counties. The multi-service senior living campuses include 475 assisted living, skilled nursing, and memory care beds/units. All three facilities will be operated by Bayshire Senior Communities, an existing CareTrust tenant based in Southern California.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from $0.28 to $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 28, 2024 and management affirmed that the company plans to pay the dividend on or about April 15, 2024.

CareTrust REIT, Inc. (NYSE:CTRE) announced today the acquisition of three skilled nursing facilities for approximately $55.6 million, inclusive of transaction costs. The portfolio, consisting of 210 skilled nursing beds and 24 assisted living units, will be added to CareTrust’s existing master lease with affiliates of PACS Group, Inc., who has been operating the facilities for a third-party landlord. Two of the facilities are located in Houston, Texas and one is located in Columbia, Missouri.

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter and year ended December 31, 2023, as well as other recent events.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has participated in the origination of over $52 million in mezzanine loans secured by three portfolios of 26 properties comprised of 3,050 skilled nursing beds and 186 assisted living units located in Virginia, Missouri, and California.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its fourth quarter and full year 2023 financial results after the U.S. markets close on Thursday, February 8, 2024. Representatives of CareTrust REIT’s management team will host a conference call to discuss the results and other current matters the following day.

CareTrust REIT, Inc. (NYSE:CTRE) reported today the tax status of its 2023 dividends paid to shareholders. Details on the classifications of the dividends are included in the table below:

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired The Villas at San Bernardino, a 78-unit assisted living and memory care facility located in San Bernardino, California.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.28 per common share. The current dividend will be payable to common stockholders of record as of the close of business on December 29, 2023. The Company intends to pay the dividend on or about January 12, 2024.

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended September 30, 2023, as well as other recent events.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its third quarter 2023 financial results after the U.S. markets close on Thursday, November 9, 2023. Representatives of CareTrust REIT’s management team will host a conference call to discuss the results and other current matters the following day.

CareTrust REIT, Inc. (NYSE: CTRE) today announced details of progress the company made toward its Environmental, Social, and Governance (ESG) initiatives in its third annual Corporate Sustainability report. The report demonstrates how CareTrust, with properties exclusively controlled and operated by tenants under triple-net master leases can track, educate, and promote sustainable operating decisions.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.28 per common share. The current dividend will be payable to common stockholders of record as of the close of business on September 29, 2023. The Company intends to pay the dividend on or about October 13, 2023.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has completed a joint venture investment to acquire La Fuente Post Acute, a 187-bed skilled nursing facility located in Vista, California. Once regulatory approval is obtained, the facility will be operated by Bayshire Senior Communities (a current tenant of CareTrust) pursuant to a new 15-year lease with the joint venture landlord.

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended June 30, 2023, as well as other recent events.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its second quarter 2023 financial results after the U.S. markets close on Thursday, August 3, 2023. Representatives of CareTrust REIT’s management team will host a conference call to discuss the results and other current matters the following day.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded a $15.7 million mortgage loan on a 2-asset, 115-bed skilled nursing portfolio located in the State of Florida. The borrowers under the loan are affiliates of Elevation Group, LLC, a Florida-based skilled nursing operator led by industry veterans Ken and Dan Funk. Elevation is an existing tenant of CareTrust.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it recently closed two separate transactions on the West Coast with an aggregate initial investment amount of approximately $45.2 million. The investments include the acquisition of a skilled nursing facility as well as the funding of a mortgage loan secured by a California skilled nursing, assisted living, and independent living campus.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.28 per common share. The current dividend will be payable to common stockholders of record as of the close of business on June 30, 2023. The Company intends to pay the dividend on or about July 14, 2023.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has released a new investor presentation and business update in conjunction with NAREIT's REITweek 2023 Investor Conference.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has worked together with a regional investor in healthcare real estate to facilitate the acquisition of a multi-facility portfolio of skilled nursing facilities located on the West Coast. As part of the transaction, CareTrust acquired three skilled nursing facilities on June 1, 2023 with one additional facility scheduled to close once third-party consents have been obtained. The four-property acquisition includes 450 skilled nursing beds and 20 assisted living units.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 105-unit, two-facility memory care portfolio with facilities located in Ohio and Michigan.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 125-bed skilled nursing facility located in the greater Houston metropolitan area. The facility will be operated by an affiliate of Evergreen Health Group, LLC, a new tenant relationship for CareTrust.

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended March 31, 2023, as well as other recent events.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its first quarter 2023 financial results after the U.S. markets close on Wednesday, May 10, 2023. Representatives of CareTrust REIT’s management team will host a conference call to discuss the results and other current matters the following day.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 136-unit, two-facility memory care portfolio located in the greater Chicago metropolitan area.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 148-bed skilled nursing facility located in the greater Atlanta metropolitan area. The acquisition represents CareTrust’s second skilled nursing facility in the State of Georgia.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired two skilled nursing facilities: AdventHealth Care Center Burleson, a 178-bed facility located in Burleson, Texas, and AdventHealth Care Center Overland Park, a 102-bed facility located in Overland Park, Kansas. The Overland Park facility represents CareTrust’s entry into the Kansas market.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from $0.275 to $0.28 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2023 and management affirmed that the company plans to pay the dividend on or about April 14, 2023.

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter and year ended December 31, 2022, as well as other recent events.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its fourth quarter and full year 2022 financial results after the U.S. markets close on Thursday, February 9, 2023. Representatives of CareTrust REIT’s management team will host a conference call to discuss the results and other current matters the following day.

CareTrust REIT, Inc. (NYSE:CTRE) reported today the tax status of its 2022 dividends paid to shareholders. Details on the classifications of the dividends are included in the table below:

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has completed the sale of five seniors housing facilities in Virginia for a purchase price of $13 million. The facilities sold included, in the aggregate, approximately 240 units. In connection with the completion of the sale, the facilities were removed from the company’s applicable master lease with affiliates of Noble Senior Services. The facilities were sold to a regional owner/operator of assisted living and memory care facilities.

CareTrust REIT, Inc. (NYSE: CTRE) announced today that it has renewed its unsecured revolving credit facility and extended the maturity date to February 2027.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.275 per common share. The current quarterly dividend is payable to common stockholders of record as of the close of business on December 30, 2022. The Company intends to pay the dividend on or about January 13, 2023.

The Board of Directors of CareTrust REIT, Inc. (NYSE:CTRE) announced today the appointment of James Callister as Chief Investment Officer, to be effective as of December 31, 2022. Mr. Callister will succeed Mark Lamb, who will be leaving the company after a transition period to pursue entrepreneurial opportunities. Mr. Callister currently serves as CareTrust’s Executive Vice President.

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended September 30, 2022, as well as other recent events.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its third quarter 2022 financial results after the U.S. markets close on Tuesday, November 8, 2022. Representatives of CareTrust REIT’s management team will host a conference call to discuss the results and other current matters the following day.

CareTrust REIT, Inc. (NYSE: CTRE) today announced details of progress the company made through its Environmental, Social, and Governance (ESG) initiatives in its second annual Corporate Social Responsibility report. The report highlights the CareTrust Tenant ESG Program – the first of its kind for the specific type of fully triple-net master leases the company enters into with tenant-operators who have complete control over the operations, maintenance, and capital improvements at properties. The report demonstrates the company’s commitment to measuring impacts on its local communities, people, environment and the broader economy.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has completed the sale of seven skilled nursing facilities in Ohio for a purchase price of $52 million. In connection with the completion of the sale, the company’s master lease with affiliates of Trio Healthcare was terminated. The portfolio includes approximately 600 skilled nursing beds along with approximately 100 seniors housing beds/units.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.275 per common share. The current quarterly dividend is payable to common stockholders of record as of the close of business on September 30, 2022. The Company intends to pay the dividend on or about October 14, 2022.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded a $24.9 million B-piece secured financing on a 4-asset skilled nursing portfolio located in the Southeast. The portfolio includes approximately 700 skilled nursing beds.

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended June 30, 2022, as well as other recent events.

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has extended a $22,250,000 “B” piece secured loan in connection with the acquisition of a 5-asset skilled nursing portfolio in California. The portfolio includes approximately 600 skilled nursing beds.