CareTrust REIT reported a 20% increase in third-quarter normalized funds from operations (FFO) per share, a key metric for real estate investment trusts.
The Dana Point-based company closed $739.5 million in investments during the quarter, bringing its year-to-date investments to a record $2.9 billion.
CareTrust announced it completed the initial acquisition of 23 U.K. care homes as part of a larger $1.1 billion agreement to acquire 45 properties for approximately $1.4 billion through 2027.
Officials also raised the low end of its 2026 normalized FFO guidance to a range of $2.08 to $2.09 per share, representing 18.5% growth at the midpoint from 2025.
