CareTrust REIT announces common stock offering of 15.5 million shares

SAN CLEMENTE, Calif. - CareTrust REIT, Inc. (NYSE:CTRE) announced Tuesday it plans to offer 15.5 million shares of common stock in an underwritten public offering, subject to market and other conditions. The healthcare REIT, currently valued at $6.61 billion, has demonstrated strong financial performance with an impressive 94.92% gross profit margin and a solid dividend yield of 4.08%.

The healthcare real estate investment trust will grant underwriters a 30-day option to purchase up to an additional 2.325 million shares at the public offering price.

CareTrust intends to contribute the net proceeds to its operating partnership, CTR Partnership, L.P., which will use the funds to finance new investments and repay outstanding borrowings on its revolving credit facility.

J.P. Morgan, BofA Securities and RBC Capital Markets are serving as joint lead book-running managers for the offering.

The offering will be made through a prospectus supplement and accompanying prospectus under a previously filed shelf registration statement with the Securities and Exchange Commission.

CareTrust REIT specializes in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The company maintains a portfolio of long-term net-leased properties across the United States and United Kingdom.

The announcement was made in a press release statement from the company.

In other recent news, CareTrust REIT reported its second-quarter 2025 earnings, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $0.35, slightly above the forecasted $0.34, resulting in a 2.94% positive surprise. CareTrust REIT also reported revenues of $112.47 million, which significantly surpassed the anticipated $80.39 million, reflecting a 39.91% surprise. These results highlight the company’s strong financial performance in the recent quarter. Additionally, CareTrust REIT has boosted its guidance following these results. Such developments are crucial for investors as they indicate the company’s current financial health. These recent updates provide important insights into CareTrust REIT’s performance and potential future trajectory.

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