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CareTrust REIT
🇺🇸 NYSE:CTRE
•
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.

Total Revenue
$86.9M
Previous year: $59.7M
+45.6%
EPS
$0.4
Previous year: $0.36
+11.1%
Operating Margin
40.02%
Previous year: 29.44%
+35.9%
Net Debt to EBITDA
0.5
Previous year: 1.4
-64.3%
Contractual Rent Collected
98.8%
Cash and Equivalents
$205M
Previous year: $294M
-30.4%
Total Assets
$3.44B
Previous year: $2.08B
+64.9%

CareTrust REIT Revenue

CareTrust REIT EPS

CareTrust REIT Revenue by Geographic Location

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.