CareTrust REIT Announces Public Offering of Common Stock to Fund New Investments and Repay Debt

CareTrust REIT plans to offer 15.5 million shares of common stock in a public offering, with the option to purchase an additional 2.325 million shares. The net proceeds will fund new investments and repay revolving credit facility borrowings. J.P. Morgan, BofA Securities, and RBC Capital Markets are joint lead book-running managers for the offering.

CareTrust REIT Inc. (CTRE) has announced plans to offer 15.5 million shares of common stock in a public offering, with the option to purchase an additional 2.325 million shares. The net proceeds from the offering are expected to fund new investments and repay revolving credit facility borrowings. J.P. Morgan, BofA Securities, and RBC Capital Markets are acting as joint lead book-running managers for the offering.

The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The shares are being offered by CareTrust REIT pursuant to an effective automatic shelf registration statement previously filed with the U.S. Securities and Exchange Commission (SEC).

In the second quarter of 2025, CareTrust REIT reported significant investments totaling $1.1 billion, including the acquisition of Care REIT plc. The company achieved a net income of $68.5 million and maintained a strong financial position with a net debt-to-annualized normalized run rate EBITDA of 2.0x. CareTrust also increased its 2025 financial guidance, projecting higher net income and FFO per share, while maintaining a quarterly dividend payout ratio of approximately 78%.

The strategic acquisition of Care REIT marked CareTrust’s entry into the UK market, broadening its operator bench and diversifying its asset mix, payor base, and geographic reach. The most recent analyst rating on CTRE stock is a Buy with a $35.00 price target.

CareTrust REIT, Inc. is a publicly-traded real estate investment trust focused on the ownership, acquisition, development, and leasing of skilled nursing, seniors housing, and other healthcare-related properties. The company operates a portfolio of long-term net-leased properties across the United States and the United Kingdom, aiming for both external and organic growth opportunities.

The current market cap of CTRE is $6.29 billion, with an average trading volume of 1,704,540 shares. The technical sentiment signal is currently a Buy.

References:

[1] https://www.theglobeandmail.com/investing/markets/stocks/CTRE-N/pressreleases/33977926/caretrust-reit-expands-with-1-1-billion-investments/
[2] https://finance.yahoo.com/news/caretrust-reit-q2-earnings-snapshot-221856031.html
[3] https://www.globenewswire.com/news-release/2025/08/11/3131324/0/en/SPX-Announces-Proposed-Public-Offering-of-Common-Stock.html