Core Viewpoint - CareTrust REIT held its first quarter 2025 earnings call, discussing future financial performance, dividends, acquisitions, investments, financing plans, business strategies, and growth prospects [3]. Group 1: Company Overview - The call was led by Lauren Beale, Chief Accounting Officer, and included participation from other key executives such as the President & CEO, Chief Investment Officer, and CFO [1][2]. - The company emphasized that forward-looking statements made during the call are based on current expectations and are subject to risks and uncertainties [3]. Group 2: Financial Metrics - CareTrust REIT will reference non-GAAP metrics such as EBITDA, FFO, and FAD during the call, with reconciliations to GAAP financial measures available in their earnings press release [4].

Financial Data and Key Metrics Changes - Normalized FFO increased by 67.4% year-over-year to $77,800,000, while normalized FAD rose by 66% to $80,800,000 [16] - On a per share basis, normalized FFO increased by $0.07 or 20% to $0.42, and normalized FAD increased by $0.06 or 16.2% to $0.43 [16] Business Line Data and Key Metrics Changes - In Q1, the company completed three new investments totaling over $47,000,000 at a yield of approximately 10% [11] - Year-to-date investment total reached approximately $82,000,000 at a yield of approximately 10% [12] Market Data and Key Metrics Changes - The acquisition of Care REIT will diversify the company's business, reducing U.S. Skilled Nursing concentration to approximately 49% by property count and 63% by rental income [7] - The investment pipeline currently sits at approximately $500,000,000, primarily consisting of skilled nursing facilities and senior housing opportunities [13] Company Strategy and Development Direction - The strategic acquisition of Care REIT marks the company's entry into the UK market and is expected to be accretive in year one [9] - The company aims to leverage its strong balance sheet and access to capital to pursue growth opportunities in both the U.S. and UK markets [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the overall portfolio, with a focus on monitoring potential Medicaid cuts while maintaining bipartisan support for senior care [25] - The company anticipates a strong investment pipeline in the UK, although it may take time to mature [62] Other Important Information - The company raised guidance for normalized FFO per share to $1.69 to $1.73 and for normalized FAD per share to $1.73 to $1.77 for the year [17] - Liquidity remains strong, with a net debt to normalized EBITDA ratio of 0.5 times and a fixed charge coverage ratio of 15.2 times [20] Q&A Session Summary Question: Comments on macro expectations regarding policy and provider taxes - Management stated there is no significant change in outlook regarding potential Medicaid cuts and continues to monitor the budget process [25] Question: Conditions for entering into a debt investment - The company prioritizes acquisitions but may consider debt investments if they build strategic relationships that lead to future growth [27] Question: Changes to annualized earnings or FAD accretion from the Care REIT transaction - Management indicated that detailed answers would be provided after the deal announcement [32] Question: Reasonable volume or investment pipeline for the UK market - The pipeline in the UK is expected to take time to mature, with a range of cap rates potentially wider than in the U.S. [34] Question: Update on the performance of properties over the last six to nine months - Management indicated that they are still waiting for financial disclosures from operators but feel confident about the overall portfolio performance [39] Question: Access to financing for operators - Management reported no significant challenges in access to financing for operators at this time [80]

CareTrust REIT (CTRE) reported $96.62 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 53.2%. EPS of $0.42 for the same period compares to $0.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $96.85 million, representing a surprise of -0.24%. The company delivered an EPS surprise of -2.33%, with the consensus EPS estimate being $0.43.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

CareTrust REIT (CTRE) came out with quarterly funds from operations (FFO) of $0.42 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -2.33%. A quarter ago, it was expected that this health care real estate investment trust would post FFO of $0.40 per share when it actually produced FFO of $0.40, delivering no surprise.Over the last four ...

Exhibit 99.2 Financial Supplement First Quarter 2025 Disclaimers This supplement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical statements of fact and statements regarding the following: future financial and financing plans; strategies related to the Company's business and its portfolio, including acquisition opportunities and disposition plans; growth prospects, operati ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36181 CareTrust REIT, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

In a market where income-focused investors seek dividend reliability, four companies, from Wall Street heavyweights to international players, are stepping up with substantial payout hikes. JPMorgan Chase, Williams-Sonoma, Tencent Music Entertainment, and CareTrust REIT have each announced dividend increases of 10% or more, signaling financial strength and a strong commitment to shareholder returns. Whether a blue-chip bank raises dividends twice in one year or a Chinese tech firm pairs a dividend boost with ...

iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.It’s been a while since I last covered CareTrust REIT, Inc. (NYSE: CTRE ) back in September 2024. At the time, I highlighted its strong and growing fundament ...

Financial Data and Key Metrics Changes - Normalized FFO increased by 68.1% year-over-year to $72.9 million, while normalized FAD rose by 63.7% to $74.3 million [26] - On a per-share basis, normalized FFO increased by 11.1% to $0.40, and normalized FAD also increased by 10.8% to $0.41 [26][28] - The company initiated guidance for normalized FFO per share of $1.68 to $1.72 and for normalized FAD per share of $1.72 to $1.76 for the year [28] Business Line Data and Key Metrics Changes - The company completed new investments totaling just over $1.5 billion in 2024, with an estimated stabilized yield of 9.7% [19] - During the fourth quarter, the company added 81 triple net facilities to the portfolio along with several new operators [20] Market Data and Key Metrics Changes - The investment pipeline is robust, currently sitting at approximately $325 million, primarily consisting of skilled nursing facilities and some senior housing [22][24] - Cap rates for skilled nursing remain stable between 12.5% to 13.5%, while there is slight compression in senior housing cap rates [45] Company Strategy and Development Direction - The company remains focused on long-term FFO per share growth, emphasizing the importance of matching the right operators with the right opportunities [12] - The management is optimistic about external growth opportunities, expecting significant deal flow similar to the previous year [17][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the operating environment, with most parts of the portfolio at or ahead of pre-pandemic occupancy levels [14] - There is optimism regarding Medicaid and Medicare policies, with expectations that the minimum staffing rule will be reversed and that Medicaid will remain a cornerstone of healthcare [15][54] Other Important Information - The company has $180 million in cash and $1.2 billion available under a new revolver, maintaining strong liquidity [32][33] - The net debt normalized EBITDA ratio stands at 0.5 times, with a fixed charge coverage ratio of 17 times [33] Q&A Session Summary Question: Future investment activity and pipeline expansion - Management indicated that the pipeline is expected to broaden, with potential for both existing and new operators [38] Question: Bad debt concerns related to PACS - Management confirmed there is no bad debt included in guidance and does not expect any from PACS or other operators [42] Question: Cap rate shifts and compression - Cap rates for skilled nursing remain stable, while slight compression is noted in senior housing [45] Question: Cost of debt and equity considerations - Management discussed the balance between using equity and the revolver based on the investment pipeline and market conditions [50][61] Question: Medicaid reimbursement expectations - Management does not expect negative surprises in Medicaid reimbursement and noted optimism for potential increases in Texas [106] Question: PACS investment appetite - Management is in a holding pattern regarding PACS until they release earnings, indicating caution [90] Question: Senior housing deal flow and appetite - Management expressed ongoing interest in senior housing, contingent on finding the right entry points [84] Question: Future coverage ratios for new operators - Management indicated that stabilization for new operators may take longer, with specific timelines varying by operator [77]

Exhibit 99.2 Financial Supplement Fourth Quarter 2024 the same or better terms in the event of nonrenewal or in the event we replace an existing tenant, as well as any obligations, including indemnification obligations, we may incur in connection with the replacement of an existing tenant; (vi) the availability of and the ability to identify (a) tenants who meet our credit and operating standards, and (b) suitable acquisition opportunities, and the ability to acquire and lease the respective properties to s ...