caretrust reit

CareTrust REIT Announces Second Quarter 2018 Operating Results; Updates 2018 Guidance

www.bloomberg.com/press-releases/...lts-updates-2018-guidance

For the quarter, CareTrust REIT reported: 

  * Net income of $13.3 million, and net income per diluted weighted-average
    common share of $0.17;
  * Normalized FFO of $24.5 million, an increase of 19%, and normalized FFO
    per diluted weighted-average common share of $0.32, an increase of 14%
    over Q2 2017;
  * Normalized FAD of $25.6 million, an increase of 18%, and normalized FAD
    per diluted weighted-average common share of $0.33, an increase of 10%
    over Q2 2017;
  * A net debt-to-normalized EBITDA ratio of 4.1x and a debt-to-enterprise
    value of 29%, each as of quarter-end. 

CareTrust REIT: This Top-Shelf Healthcare REIT Yields 4.5%, Covers Its Dividend, And Retains Upside

seekingalpha.com/article/...nt-covers-dividend-retains-upside

Summary

- CareTrust REIT is a fast-growing healthcare REIT in the SNF sector.

- The healthcare REIT is adding new properties to its property portfolio at a fast clip and moves into new markets which will improve the REIT's diversification stats over time.

- CareTrust REIT grows its dividend at above average rates.

- CareTrust REIT's shares sell for a reasonable 2018 AFFO multiple, and retain upside as the REIT's FFO grows through acquisitions.

- An investment in CTRE yields 4.5 percent.

CareTrust REIT Adds Operating Partner and SNF/ALF Campus in California’s Silicon Valley 

www.bloomberg.com/press-releases/...lifornia-s-silicon-valley

CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it has acquired the Villas at Saratoga
(formerly Our Lady of Fatima Villa), an 85-bed skilled nursing and 37-unit
assisted living campus in Saratoga, California

...

The total initial investment  is expected to  be approximately $19.0  million, 
inclusive of transaction  costs.  Cash rent  for the first  two years is  $3.4 
million, and thereafter rent escalates based on CPI.  Additionally,  CareTrust 
has committed to fund approximately $1.4 million in revenue-producing  capital 
expenditures over the next 24 months  based on the in-place lease yield.   The 
lease term is 15  years, with two five-year  renewal options. The  acquisition 
was funded using cash on hand.

CareTrust REIT Announces Third Quarter 2018 Operating Results; Updates 2018 Guidance

www.bloomberg.com/press-releases/...lts-updates-2018-guidance

For the quarter, CareTrust REIT reported:

  * Net income of $14.5 million, an increase of 28% over the prior year
    quarter, and net income per diluted weighted-average common share of
    $0.18, up approximately 20% over the same period;
  * Normalized FFO of $25.8 million, an increase of 20%, and normalized FFO
    per diluted weighted-average common share of $0.32, an increase of 14%
    over Q3 2017;
  * Normalized FAD of $26.6 million, an increase of 20%, and normalized FAD
    per diluted weighted-average common share of $0.33, an increase of 14%
    over Q3 2017;
  * A net debt-to-normalized EBITDA ratio of 3.5x and a debt-to-enterprise
    value of 25%, each as of quarter-end.

CareTrust REIT (CTRE) CEO Greg Stapley on Q3 2018 Results - Earnings Call Transcript

seekingalpha.com/article/...nings-call-transcript?part=single

Our third quarter went about as smoothly as any in our history. We closed on a couple of nice deals, we saw robust demand for equity under our ATM program and we continue to watch closely and actively our tenant operations. We're pleased to report the facilities are doing well, including the ones that transition's new operators over the past year.

...

As I mentioned, in yesterday's press release on a net debt to EBITDA basis, our leverage is at an all-time low, earnings are at an all-time high, and our pipeline is in the best shape we've seen in over a year.

CareTrust REIT Grows in Colorado

www.bloomberg.com/press-releases/...st-reit-grows-in-colorado

CareTrust REIT, Inc.
(NASDAQ:CTRE) announced today that it has acquired a 154-licensed bed skilled
nursing facility in Parker, Colorado.  The will be operated by Salt Lake
City-based Eduro Healthcare, LLC, which operates five other CareTrust
properties, including one in nearby Lakewood, also in the Denver Metro area.
Formerly known as Avantara Crown Point, the state-of-the-art skilled nursing
facility was built in 2012 and will be rechristened The Suites - Parker.

...

CareTrust’s total investment was approximately $19.6 million, inclusive of
transaction costs. The property was added to CareTrust’s existing master lease
with Eduro, with an initial increase in annual cash rent of approximately
$1.75 million. The master lease carries annual CPI-based rent escalators, and
has twelve years remaining on the initial term, plus two five-year renewal
options. The acquisition was funded using cash on hand.

Is CareTrust REIT, Inc. a Buy?

www.fool.com/investing/2019/01/04/...rust-reit-inc-a-buy.aspx

CareTrust has made a lot of progress. In the second half of 2014 it bought five properties before really ramping up in 2015, 2016, and 2017, when it acquired 20, 35, and 36 assets, respectively. There was a bit of a slowdown in 2018, with only 12 deals. But at this point the REIT has around 190 properties across 25 states, effectively doubling its size in less than five years.

...

There's nothing inherently wrong with CareTrust REIT. It has been using a well-worn playbook for REIT spinoffs, and so far it has been doing a pretty good job taking advantage of a weak nursing home market to get attractive pricing on its diversifying acquisitions. If you are looking for a REIT that is focused on growth, including dividend growth, then CareTrust is worth a deep dive.

CareTrust REIT Bolsters WLC Master Lease with Illinois Campus

www.bloomberg.com/press-releases/...ease-with-illinois-campus

CareTrust REIT,  announced  today that  it  has acquired  a skilled  nursing  and
supportive living  campus in  Mt.  Carmel, Illinois.  The campus  includes  90
licensed skilled nursing beds and 38 licensed supportive living facility beds.
The acquisition was a “tack-on” to CareTrust’s existing seven-property  master
lease with Harrisburg, Illinois-based  WLC Firm, LLC,  which will replace  the
outgoing operator.

...

The  total  investment  for  the  facility  was  approximately  $9.0  million,
inclusive of transaction costs. The initial annual cash rent from the  Oakview
asset will be approximately  $853,000. As part  of the transaction,  CareTrust
and WLC entered into an  amended and restated master  lease as of February  1,
2019, with  CPI-based annual  rent  escalators and  a  15-year term  plus  two
five-year renewal options. The acquisition was funded using cash on hand.

CareTrust REIT, Inc. Announces Expansion, Reduced Pricing and Extension of Unsecured Revolver and New 7-Year Unsecured Term

www.bloomberg.com/press-releases/...new-7-year-unsecured-term

CareTrust REIT Expands in California

www.bloomberg.com/press-releases/...eit-expands-in-california

CareTrust REIT Announces Fourth Quarter and Fiscal 2018 Operating Results

www.bloomberg.com/press-releases/...al-2018-operating-results

For the quarter, CareTrust REIT reported:

  * Net income of $15.5 million and net income per diluted weighted-average
    common share of $0.18;
  * Normalized FFO of $27.1 million, a quarter-over-quarter increase of 14%,
    and normalized FFO per diluted weighted-average common share of $0.32, a
    quarter-over-quarter increase of 3% over Q4 2017;
  * Normalized FAD of $27.9 million, an increase of 14%, and normalized FAD
    per diluted weighted-average common share of $0.33, a quarter-over-quarter
    increase of 3% over Q4 2017;
  * A net debt-to-normalized EBITDA ratio of 3.3x and a debt-to-enterprise
    value of 24%, each as of quarter-end.

CareTrust REIT (CTRE) CEO Greg Stapley on Q4 2018 Results - Earnings Call Transcript

seekingalpha.com/article/...-results-earnings-call-transcript

CareTrust REIT Raises Quarterly Dividend 9.8% to $0.225 per Share

www.bloomberg.com/press-releases/...nd-9-8-to-0-225-per-share

CareTrust REIT,  Inc.
(NASDAQ:CTRE) announced today that  its Board of  Directors has increased  its
quarterly common stock cash dividend from  $0.205 to $0.225 per common  share.
The current dividend will  be payable to common  stockholders of record as  of
the close of  business on  March 29, 2019,  and management  affirmed that  the
company plans to pay the dividend on or about April 15, 2019.

CareTrust REIT Completes $211 Million Acquisition

www.bloomberg.com/press-releases/...s-211-million-acquisition

CareTrust  REIT,
Inc. (Nasdaq:CTRE)  announced   today  that   it  successfully   completed   a
previously-disclosed $211  million  multi-asset acquisition.  The  transaction
grows CareTrust’s existing real  estate holdings by  12 properties with  1,734
beds/units and adds over $19.0 million in new annual revenue to the  company’s
portfolio as of April 1, 2019.

...

The acquisition  was
funded using  a combination  of  cash on  hand  and CareTrust’s  $600  million
unsecured revolving credit facility.

Moody's upgrades CareTrust to Ba2, outlook stable

www.moodys.com/research/...hbnNsYXRpb25z%7e20190429_PR_399632

Moody's Investors Service ("Moody's") upgraded the corporate family rating of CareTrust REIT, Inc. ("CareTrust") to Ba2 from Ba3 and the senior unsecured rating of its subsidiary, CTR Partnership, L.P., to Ba2 from Ba3. In the same rating action, Moody's assigned a speculative grade liquidity rating of SGL-2 to CareTrust. The rating outlook was revised to stable from positive.

CareTrust REIT Adds Skilled Nursing Facility and Welcomes New Operating Partner in Texas

www.bloomberg.com/press-releases/...perating-partner-in-texas

CareTrust REIT,  Inc.
(NASDAQ:CTRE) announced today that it  has acquired Lakewest Rehabilitation  &
Skilled Care, a 118-bed skilled nursing facility located in Dallas, Texas.

...

The total initial  investment for  Lakewest was  approximately $10.0  million,
inclusive of transaction costs. Initial annual cash rent will be approximately
$900,000. The Next Gen master lease carries an initial term of fifteen  years,
with two five-year renewal options and CPI-based rent escalators. The property
is subject  to  a  long-term ground  lease  in  favor of  the  Dallas  Housing
Authority. The acquisition was funded using cash on hand.

CareTrust REIT Announces First Quarter 2019 Operating Results

www.bloomberg.com/press-releases/...er-2019-operating-results

For the quarter, CareTrust REIT reported:

  * Net income of $16.1 million, a quarter-over-quarter increase of 10%, and
    net income per diluted weighted-average common share of $0.18;
  * Normalized FFO of $27.9 million, a quarter-over-quarter increase of 16%,
    and normalized FFO per diluted weighted-average common share of $0.32;
  * Normalized FAD of $29.0 million, a quarter-over-quarter increase of 16%,
    and normalized FAD per diluted weighted-average common share of $0.33;
  * A net debt-to-normalized EBITDA ratio of 3.3x, and a net
    debt-to-enterprise value of 18%, each as of quarter-end.

CareTrust REIT (CTRE) CEO Greg Stapley on Q1 2019 Results - Earnings Call Transcript

seekingalpha.com/article/...-results-earnings-call-transcript

CareTrust REIT Announces First Quarter 2019 Operating Results

www.bloomberg.com/press-releases/...er-2019-operating-results

For the quarter, CareTrust REIT reported:

  * Net income of $16.1 million, a quarter-over-quarter increase of 10%, and
    net income per diluted weighted-average common share of $0.18;
  * Normalized FFO of $27.9 million, a quarter-over-quarter increase of 16%,
    and normalized FFO per diluted weighted-average common share of $0.32;
  * Normalized FAD of $29.0 million, a quarter-over-quarter increase of 16%,
    and normalized FAD per diluted weighted-average common share of $0.33;
  * A net debt-to-normalized EBITDA ratio of 3.3x, and a net
    debt-to-enterprise value of 18%, each as of quarter-end.

CareTrust REIT Credit Ratings Upgraded by Moody’s Investors Service

www.bloomberg.com/press-releases/...moody-s-investors-service

On April 29,  2019, Moody’s announced  that it upgraded  the corporate  family
credit rating of CareTrust REIT, Inc. to Ba2 from Ba3, with a stable  outlook.
Moody’s also  raised  its senior  unsecured  rating on  CareTrust’s  operating
partnership, which  is the  issuer of  CareTrust’s $300  million 5.25%  senior
unsecured  notes,  to  Ba2  with   a  stable  outlook.

CareTrust REIT Adds Skilled Nursing Facility and Welcomes New Operating Partner in Texas

www.bloomberg.com/press-releases/...perating-partner-in-texas

The total initial  investment for  Lakewest was  approximately $10.0  million,
inclusive of transaction costs. Initial annual cash rent will be approximately
$900,000. The Next Gen master lease carries an initial term of fifteen  years,
with two five-year renewal options and CPI-based rent escalators. The property
is subject  to  a  long-term ground  lease  in  favor of  the  Dallas  Housing
Authority. The acquisition was funded using cash on hand.

Upsala, war ich zu voreilig, is ja alles vom Mai.
Kam mir alles scho so bekannt vor.
Irgendwie hat ich grad nen Aussetzer.

CareTrust REIT Acquires Newly-Constructed Skilled Nursing Facility in Nampa, Idaho

www.bloomberg.com/press-releases/...g-facility-in-nampa-idaho

CareTrust REIT,  Inc.
(NASDAQ:CTRE) announced today that it has acquired Cascadia of Nampa, a  newly
constructed 99-bed transitional rehabilitation facility located one block from
the 152-bed Saint Alphonsus Medical Center  in Nampa, Idaho. The facility  was
added  to  CareTrust’s  existing   master  lease  with  Idaho-based   Cascadia
Healthcare, LLC, bringing the total  facility count under the Cascadia  master
lease to 12 facilities with 1,013 licensed beds.

...

CareTrust’s investment for Cascadia of Nampa was approximately $12.8  million,
inclusive of  transaction costs  and after  receiving credit  for  CareTrust’s
original equity investment and preferred returns thereon. Initial annual  cash
rent will  be approximately  $1.45 million.

CareTrust REIT Announces Second Quarter 2019 Operating Results

www.bloomberg.com/press-releases/...er-2019-operating-results

For the quarter, CareTrust REIT reported:

  * Net income of $19.7 million,  a quarter-over-quarter increase of 48%,  and
    net income per diluted weighted-average common share of $0.21;
  * Normalized FFO of $33.1 million,  a quarter-over-quarter increase of  35%,
    and normalized FFO per diluted weighted-average common share of $0.35;
  * Normalized FAD of $34.3 million,  a quarter-over-quarter increase of  34%,
    and normalized FAD per diluted weighted-average common share of $0.36;
  * A   net   debt-to-normalized   EBITDA   ratio   of   3.3x,   and   a   net
    debt-to-enterprise value of 19%, each as of quarter-end; and
  * Approximately $241 million in new investments in the quarter.

CareTrust REIT, Inc. 2019 Q2 - Results - Earnings Call Slides

seekingalpha.com/article/...9-q2-results-earnings-call-slides

CareTrust REIT, Inc. (CTRE) CEO Gregory Stapley on Q2 2019 Results - Earnings Call Transcript

seekingalpha.com/article/...-results-earnings-call-transcript

CareTrust REIT Announces Third Quarter 2019 Operating Results

www.bloomberg.com/press-releases/...er-2019-operating-results

For the quarter, CareTrust REIT reported:

 * Net loss of $10.1 million and net loss per diluted weighted-average common
   share of $0.11;
 * Normalized FFO of $33.6 million and normalized FFO per diluted
   weighted-average common share of $0.35;
 * Normalized FAD of $34.5 million and normalized FAD per diluted
   weighted-average common share of $0.36; and
 * A net debt-to-normalized EBITDA ratio of 3.4x, and a net
   debt-to-enterprise value of 20%, each as of quarter-end.

klärende fragen zum Q3

CareTrust REIT Inc (CTRE) Q3 2019 Earnings Call Transcript

www.fool.com/earnings/call-transcripts/...ings-call-tran.aspx

CareTrust REIT Announces Fourth Quarter and Full Year 2019 Operating Results

www.bloomberg.com/press-releases/...ar-2019-operating-results

For the quarter, CareTrust REIT reported:

  * Net income of $20.7  million and net  income per diluted  weighted-average
    common share of $0.22;
  * Normalized  FFO  of   $32.5  million  and   normalized  FFO  per   diluted
    weighted-average common share of $0.34;
  * Normalized  FAD  of   $34.1  million  and   normalized  FAD  per   diluted
    weighted-average common share of $0.36; and
  * A   net   debt-to-normalized   EBITDA   ratio   of   3.3x,   and   a   net
    debt-to-enterprise value of 21%, each as of quarter-end.