From Yahoo Finance · · 1m
CareTrust REIT's $400M Skilled Nursing Deal Extends Record Year
CareTrust REIT closes $400M skilled nursing deal, extending 2026's record investment year.
In brief
CareTrust REIT closes $400M skilled nursing deal, extending 2026's record investment year. CareTrust REIT's $400 million skilled nursing acquisition in the Southwest extends its 2026 investment total past $1.9 billion, maintaining an 8.6% stabilized yield. Originally reported by Yahoo Finance.
CareTrust REIT
CareTrust REIT closed a $400 million skilled nursing portfolio in the Southwest effective September 1.
Investment Pipeline
The deal includes a $600 million investment pipeline for near-term actionable deals.
Portfolio Details
2,622 licensed beds triple net leased back to existing operator.
2026 Investment Total
2026 investment total now exceeds $1.9 billion with $710 million closed in Q3.
Stabilized Yield
New portfolio expected to generate 8.6% stabilized yield matching CareTrust's 8.7% blended yield.
Balance Sheet Strength
Net debt to EBITDA at 1.01x with $725 million revolver and $612 million ATM capacity.
Shareholder Impact
Diluted shares rose from 192.9 million to 234.2 million as equity offerings funded growth.
The headline
CareTrust REIT's $400 million skilled nursing acquisition in the Southwest extends its 2026 investment total past $1.9 billion, maintaining an 8.6% stabilized yield.
