CareTrust REIT Announces $119 Million in Investments and a $500 Million Near-Term Pipeline

CareTrust REIT, Inc. (NYSE: CTRE) said it has closed two investments totaling approximately $119 million, each effective April 1, 2026. The company also reported that its 2026 year-to-date investment total is roughly $364 million, with a blended stabilized yield of approximately 8.8%.

Southern California campus acquisition

CareTrust acquired a senior housing and skilled nursing campus in Southern California comprising 120 licensed skilled nursing beds and 273 senior housing units. The campus will be triple-net leased to an existing operator under a long-term lease that includes annual inflation-based rent escalators and multiple renewal options.

CareTrust also committed to provide additional rent-enhancing capital improvement funds of up to $5 million within 18 months of closing.

Midwest mortgage loan originated

In a separate transaction, CareTrust originated a mortgage loan secured by five skilled nursing communities in the Midwest, totaling approximately 506 licensed beds. The loan was made in connection with the borrower’s acquisition of the facilities.

The communities will be operated under a long-term triple-net lease by a management team with which CareTrust has a long-standing relationship and a track record of strong performance. The loan terms include an option for CareTrust to purchase the facilities in the future, subject to the existing master lease remaining in place.

Funding and deal yields

Both transactions were funded using proceeds received from settled equity forward contracts.

CareTrust said the blended stabilized yield of three transactions it referenced—its February acquisition of three care homes in the United Kingdom for approximately $29.4 million net leased to an operator in a new relationship, along with the two new deals—was approximately 8.6%.

Pipeline and company outlook

After these recent deals, CareTrust said its reloaded investment pipeline stands at $500 million of near-term, actionable opportunities. The company noted this figure does not include larger portfolio transactions or other investment opportunities it may be evaluating.

Dave Sedgwick, CareTrust’s President and Chief Executive Officer, said the company is “off to a strong start in 2026,” adding that its balance sheet remains in “excellent shape” and that it continues to see a “robust set of opportunities” ahead.

Statements from management

James Callister, Chief Investment Officer, said the Southern California campus is a “high-quality asset” located a few blocks from a hospital and that the company has confidence in the operating partner. He also said the Midwest portfolio introduces a new operator to CareTrust’s portfolio, though the management team is one the company has known and respected.

Joe Callan, Senior Vice President of Investments, said the transactions reflect the range of opportunities CareTrust is seeing across the skilled nursing and senior housing sectors, and that the company remains focused on deploying capital in a disciplined and collaborative way with operators.

About CareTrust

CareTrust REIT, Inc. is a self-administered, publicly traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, senior housing and other healthcare-related properties. The company’s portfolio includes long-term net-leased properties in the United States and the United Kingdom, leased to a growing set of operators.

More information about CareTrust REIT is available at www.caretrustreit.com.

Safe Harbor Statement

This press release 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 company’s intent, belief or expectations, including statements regarding future financial and financing plans; strategies related to the company’s business and its portfolio; growth prospects; operating and financial performance; stabilized yields; pipeline figures; and the performance of the company’s tenants, operators and borrowers.

The company’s forward-looking statements are based on management’s current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those projected. The company expressly disclaims any obligation to update or revise any information in this press release, including forward-looking statements, whether to reflect changes in expectations, events, conditions or circumstances, or otherwise.