Revenue: As of FY2026 Q2, the actual value is USD 161.35 M.

EPS: As of FY2026 Q2, the actual value is USD 0.38, beating the estimate of USD 0.3686.

EBIT: As of FY2026 Q2, the actual value is USD 106.1 M.

Net Income

Net income was $89.0 million for Q2 2026, an increase of $0.03 per diluted weighted average share, or 9%, over the prior year quarter. Net income attributable to CareTrust REIT, Inc. was $88,996 thousand for Q2 2026, up from $68,545 thousand in Q2 2025.

Funds From Operations (FFO) and Funds Available for Distribution (FAD)

Normalized FFO reached $119.7 million in Q2 2026, with Normalized FFO per diluted weighted average share at $0.51, reflecting a 19% increase ($0.08) over the prior year quarter. Normalized FAD was $118.5 million in Q2 2026, and Normalized FAD per diluted weighted average share was $0.51, also an increase of $0.08 or 19% year-over-year.FFO attributable to CareTrust REIT, Inc. was $116,364 thousand in Q2 2026, up from $87,240 thousand in Q2 2025. Normalized FFO attributable to CareTrust REIT, Inc. was $119,658 thousand in Q2 2026, up from $83,091 thousand in Q2 2025. FAD attributable to CareTrust REIT, Inc. was $115,178 thousand in Q2 2026, up from $88,302 thousand in Q2 2025. Normalized FAD attributable to CareTrust REIT, Inc. was $118,472 thousand in Q2 2026, up from $83,072 thousand in Q2 2025.

Revenues

Total revenues for Q2 2026 were $161,348 thousand, compared to $112,469 thousand in Q2 2025, representing a 43% year-over-year increase. Rental income was $118,205 thousand in Q2 2026, up from $86,033 thousand in Q2 2025. Resident fees and services generated $4,643 thousand in Q2 2026, compared to $0 thousand in Q2 2025. Interest income from financing receivables increased to $11,696 thousand in Q2 2026 from $2,886 thousand in Q2 2025, a 305% increase. Interest income from other real estate related investments and other income was $26,804 thousand in Q2 2026, up from $23,550 thousand in Q2 2025, a 14% increase. Skilled Nursing Triple-net revenue increased by 25% to $81,155 thousand in Q2 2026 from $65,175 thousand in Q2 2025. Senior Housing Triple-net revenue increased by 78% to $37,050 thousand in Q2 2026 from $20,858 thousand in Q2 2025. Senior Housing Operating revenue was $4,643 thousand in Q2 2026, up from zero in Q2 2025.

Expenses

Total expenses for Q2 2026 were $72,377 thousand, compared to $49,918 thousand in Q2 2025. Depreciation and amortization amounted to $30,362 thousand in Q2 2026, versus $21,215 thousand in Q2 2025. Interest expense was $15,324 thousand in Q2 2026, compared to $13,038 thousand in Q2 2025. Provision for loan losses was $4,671 thousand in Q2 2026, with no provision in Q2 2025. General and administrative expenses were $15,777 thousand in Q2 2026, up from $12,549 thousand in Q2 2025.

Other Income and Income Tax

Total other income was $1,800 thousand in Q2 2026, down from $6,381 thousand in Q2 2025. Income tax expense was - $2,535 thousand in Q2 2026, compared to - $1,030 thousand in Q2 2025.

Operational Metrics

Investment activity closed during the quarter totaled $899.6 million at a blended stabilized yield of 8.9%. The company achieved 100.0% collection of contractual rent and interest. The quarterly dividend was $0.39 per share, representing a payout ratio of approximately 76% of Normalized FAD.EBITDA attributable to CareTrust REIT, Inc. was $137,396 thousand for Q2 2026, compared to $104,341 thousand for Q2 2025. Normalized EBITDA attributable to CareTrust REIT, Inc. was $140,690 thousand for Q2 2026, compared to $99,111 thousand for Q2 2025.

Liquidity and Capital

As of quarter end, the Net Debt to Annualized Normalized Run Rate EBITDA ratio was 1.01x, significantly down from 2.0x in Q2 2025. CareTrust REIT, Inc. reported $578.2 million in gross proceeds from a forward equity offering (unsettled) and $363.6 million from settlement of equity forward contracts under the ATM Program.

Post-Quarter End Highlights

Since quarter end, CareTrust REIT, Inc. closed $307.9 million of investment activity at a blended stabilized yield of 7.8% and has a $540 million investment pipeline. As of August 6, 2026, $605 million was available under its $1.2 billion unsecured revolving credit facility, with $90 million cash on hand as of August 5, 2026. Additionally, $671 million in gross proceeds remained outstanding under equity forward contracts.

Cash Flow (Six Months Ended June 30, 2026)

Net cash provided by operating activities was $225,114 thousand, up from $172,157 thousand in the prior year period. Net cash used in investing activities was - $990,698 thousand, compared to - $825,306 thousand in the prior year period. Net cash provided by financing activities was $617,392 thousand, compared to $745,059 thousand in the prior year period. Cash, cash equivalents, and restricted cash at period end was $49,267 thousand, down from $306,051 thousand in the prior year period.

Balance Sheet Highlights (as of June 30, 2026)

Total assets increased to $5,929,251 thousand from $5,148,436 thousand as of December 31, 2025. Total liabilities increased to $1,415,997 thousand from $1,089,468 thousand as of December 31, 2025. Total equity increased to $4,499,932 thousand from $4,040,812 thousand as of December 31, 2025. Cash and cash equivalents were $47,591 thousand, down from $198,042 thousand as of December 31, 2025. Financing receivables, net, grew to $556,155 thousand from $92,193 thousand as of December 31, 2025. Total debt was $1,210,000 thousand as of June 30, 2026, compared to $900,000 thousand as of December 31, 2025.

Debt Metrics (Q2 2026)

The Fixed Charge Coverage Ratio was 10.71x for the trailing twelve months ended Q2 2026, compared to 10.29x in Q1 2026 and 11.38x in Q2 2025. Net debt to Annualized Normalized Run Rate EBITDA was 1.01x in Q2 2026, compared to 0.64x in Q1 2026 and 1.96x in Q2 2025. Unsecured debt was $1,210,000 thousand, and there was no secured debt.

Portfolio Performance (Q1 2026)

Stabilized Portfolio Occupancy was 83.9% overall, with Skilled Nursing Triple-net at 81.0% and Senior Housing Triple-net at 89.3%. EBITDAR Coverage for the total stabilized portfolio was 2.30x, with Skilled Nursing Triple-net at 2.58x and Senior Housing Triple-net at 1.77x. EBITDARM Coverage for the total stabilized portfolio was 2.85x, with Skilled Nursing Triple-net at 3.21x and Senior Housing Triple-net at 2.16x.

Investment Activity (Q2 2026)

Total initial investment in Q2 2026 was $899,560 thousand across 32 properties and 3,513 beds/units, with a weighted average yield of 8.9%. Net investments for Q2 2026 totaled $885,182 thousand after loan repayments. Through August 6, 2026, Q3 2026 net investments were $218,412 thousand.

Capital Market Transactions

In Q2 2026, At-the-Market (ATM) offering activity generated gross proceeds of $363,584 thousand from 9,503 thousand shares at an average price of $38.26 per share. In May 2026, CareTrust REIT completed a public offering of 14.4 million shares of common stock on a forward basis for gross proceeds of $578.2 million.

2026 Outlook / Guidance

CareTrust REIT, Inc. increased its 2026 guidance, projecting net income attributable to CareTrust REIT, Inc. of approximately $1.53 to $1.56 per share, Normalized FFO of approximately $2.03 to $2.06 per share, and Normalized FAD of approximately $2.01 to $2.04 per share. These midpoints represent increases of 16.2% and 15.1% for Normalized FFO and Normalized FAD, respectively, over 2025 results. The guidance assumes no new investments, loans, or dispositions beyond those made year-to-date, no new debt or equity issuances, 2.5% inflation-based rent escalators, $147 million of loans to be fully repaid, and no material change in the GBP:USD spot exchange rate. Additionally, the company projects full-year 2026 net income attributable to CareTrust REIT, Inc. between $356 million and $364 million, with Normalized FFO expected to range from $472 million to $480 million. Cash rental revenue is anticipated at $454 million at the midpoint, interest income from financing receivables at $43 million at the midpoint, and interest income from loans and other investments at $100 million at the midpoint.