CareTrust REIT Q1 Beat & $628M SNF Deals
Key Questions
What were CareTrust REIT's key Q1 financial results?
CareTrust REIT reported Q1 FFO of 48¢, beating expectations on $143M revenue and $80M net income. The company also provided full-year guidance of $2.00-$2.04.
What major deals did CareTrust announce?
CareTrust announced $628M in deals, including 15 California SNFs on NNN leases with yields of 8.7-9.5%. They also have a $450M pipeline following a Moody’s upgrade.
Why is this significant for healthcare real estate?
The results reinforce the stability of NNN healthcare investments compared to private risks, aligning with peers like OHI, MPT, and DHC for syndication pitches.
CareTrust Q1 FFO 48¢ beat on $143M rev, $80M net, guidance $2-2.04; $628M incl 15 CA SNFs NNN (8.7-9.5%), Moody’s upgrade, $450M pipeline. Reinforces NNN healthcare stability for synd pitches vs priv risks, aligns with OHI/MPT/DHC/AHR.
Sources (1)
Updated May 10, 2026