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Dec 31, 2024
CareTrust REIT Q4 2024 Earnings Report
Key Takeaways
CareTrust REIT delivered a record quarter with strong revenue and net income growth, driven by strategic investments and high rent collection.
Forward Guidance
CareTrust REIT projects stable growth in 2025 with strong rent collections, new investment opportunities, and a focus on portfolio diversification.
Positive Outlook
- Projected EPS between $1.35 and $1.39.
- Normalized FFO per share guidance of $1.68 - $1.72.
- Investment pipeline of approximately $325M.
- No debt maturities until 2028.
- Strong balance sheet with $750M available for future issuances.
Challenges Ahead
- Guidance assumes no new investments beyond those already completed.
- Potential market fluctuations affecting real estate valuations.
- Dependence on CPI-based rent escalators.
- Continued macroeconomic uncertainty in healthcare real estate.
- Rising property and transaction costs may impact margins.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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