CareTrust (CTRE) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, May 8, 2026 astatine 11:37 AM CDT 31 min read

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DATE

Friday, May 8, 2026 astatine 11 a.m. ET

CALL PARTICIPANTS

• President & Chief Executive Officer — David M. Sedgwick

• Chief Investment Officer — James B. Callister

• Chief Financial Officer — Derek J. Bunker

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Full Conference Call Transcript

David M. Sedgwick: Thank you, Lauren, and bully morning, everybody. Thanks for joining us. The archetypal 4th was a beardown commencement to the twelvemonth and a continuation of the momentum we person been generating implicit the past respective years. We closed astir $245 cardinal of investments successful the archetypal quarter, and the gait lone accelerated from there. Since April, we person closed a twelve abstracted transactions for astir $865 million. Just past Friday, connected May 1, we closed 3 of those 12 deals that we person not yet had a accidental to announce, including our 2nd SHOP investment. James volition supply colour connected immoderate of the deals we person closed year-to-date and connected the reloaded pipeline of $360 million.

Our investments squad continues to execute astatine a phenomenal level. What other tin you say? I volition conscionable reenforce that SHOP is an important portion of our maturation story, and you should expect to spot america proceed to physique that portion of the portfolio with the aforesaid subject and operator-centered attack we are known for. Deal travel continues to beryllium progressive and absorbing crossed SHOP, skilled nursing, and UK attraction homes. A speedy acknowledgment to immoderate of our unsung heroes here. Our accounting squad proves each time to beryllium the champion pound-for-pound accounting squad around.

They person shouldered an tremendous load onboarding a monolithic fig of caller assets and operators crossed the US and The UK portion continuing to enactment the adjacent question of growth. Our plus absorption radical continues to bash large enactment curating a beardown portfolio and de-risking it arsenic we go. And each different relation crossed the company—legal, tax, finance, operations, information analytics—shows up successful a mode that allows america to support executing astatine a precise precocious level and transforms a increasing portfolio into a compounding portfolio.

The results of the hard enactment and sacrifice of an bonzer squad produced year-over-year FFO per stock maturation of 14%, a 16.4% summation to the dividend, an upgrade to concern people by Moody's, and a rise to our FFO per stock guidance for the twelvemonth that, astatine the midpoint, would beryllium 14.8% higher than 2025. I deliberation you tin archer however I consciousness astir my team. Let maine speech for a 2nd astir our operators. Many of you cognize I americium a betterment nursing location administrator. Several of america present person galore years of acquisition wrong the buildings.