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CareTrust REIT posts strong Q2 FFO growth, raises 2026 outlook, and expands investments aggressively.

Company Fundamentals
13 Sep 2026
Seeking Alpha
View Source
Bullish
CareTrust REIT posts strong Q2 FFO growth, raises 2026 outlook, and expands investments aggressively.

CareTrust REIT reported an 18.6% increase in normalized FFO per share for Q2 2026, with full rent collection and dividend coverage at 76% of normalized FAD, signaling operational strength. The company invested $1.5 billion year-to-date at an 8.7% yield and maintains a $540 million acquisition pipeline while reducing net debt/EBITDA to 1.01x, showing disciplined growth. Despite trading at a premium valuation, CareTrust's robust growth and active investment strategy justify this, though it must continue outperforming peers to sustain its valuation multiple.

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