$CTRE (CareTrust REIT, Inc.)

$CTRE {{ '2016-06-02T19:48:04+0000' | timeago}} • Announcement

$CTRE said it acquired a portfolio of 4 seniors housing communities in Michigan, which serve assisted living & memory care clienteles. All 4 were leased to Premier Senior Living, which took over operations effective June 1, 2016. The acquisition was funded with proceeds from $CTRE's recent 8.5MM share equity offering, which took place on March 21.

$CTRE {{ '2017-06-16T12:59:55+0000' | timeago}} • Announcement

$CTRE's BoD declared a quarterly common stock cash dividend of $0.185 per share. The dividend is payable on July 14, 2017 to common stockholders of record as of the close of business on June 30, 2017.

$CTRE {{ '2017-06-05T13:02:06+0000' | timeago}} • Announcement

$CTRE acquired two skilled nursing facilities: The Rio at Cabezon, a 136-bed facility located in Albuquerque, New Mexico, and The Rio at Fox Hollow, a 126-bed facility located in Brownsville, Texas. The purchase price was about $27.3MM, inclusive of transaction costs.

$CTRE {{ '2017-05-10T20:50:08+0000' | timeago}} • Announcement

$CTRE's offering of senior notes due 2025 will be payable semi-annually in arrears on June 1 and December 1 of each year, beginning on December 1, 2017. Net proceeds will be used to redeem all of the issuers’ 5.875% senior notes due 2021, to repay debts and for general corporate purposes.

$CTRE {{ '2017-05-10T20:46:07+0000' | timeago}} • Webcast

$CTRE unit CTR Partnership, L.P. and a corporate co-issuer, CareTrust Capital Corp, have priced its underwritten public offering of $300MM aggregate principal amount of unsecured senior notes due 2025. The notes will mature on June 1, 2025, and will bear interest of 5.25% per annum. The offering is expected to close on May 24, 2017.

$CTRE {{ '2017-05-08T12:54:58+0000' | timeago}} • Announcement

$CTRE said its subsidiaries CTR Partnership, L.P. and a corporate co-issuer, CareTrust Capital Corp. plan to offer $300MM of unsecured senior notes due 2025 in an underwritten public offering. $CTRE plans to use portion of proceeds to pay redemption price and related expenses to redeem all of the Issuers' 5.875% Senior Notes due 2021.

$CTRE {{ '2017-03-16T12:25:56+0000' | timeago}} • Announcement

$CTRE BoD has declared a quarterly cash dividend of $0.185 per share, which represents an 8.8% increase over the prior quarterly dividend. The dividend is payable on April 14, 2017 to common stockholders of record as on March 31, 2017.

$CTRE {{ '2017-03-02T19:21:43+0000' | timeago}} • Announcement

$CTRE acquired five skilled nursing facilities in Illinois for approx. $29.2MM. $CTRE also entered into a new tenant relationship with affiliates of WLC Management Firm, LLC, which took over operations effective March 1, 2017. The investment is scheduled to generate initial annual rent of $2.9MM, for an initial cash yield of 10%.

$CTRE {{ '2017-03-01T18:20:26+0000' | timeago}} • Announcement

$CTRE has appointed Spencer Plumb as an independent Class III director to its BoD, effective February 28, 2017. Plumb's appointment follows Gary Sabin's resignation from the BoD, effective August 1, 2016. Plumb is the CEO of Sabin Holdings, a global real estate platform.

$CTRE {{ '2017-02-02T18:42:11+0000' | timeago}} • Announcement

$CTRE acquired two seniors housing communities in the Milwaukee metropolitan area. The purchase price was approx. $26.1MM, inclusive of transaction costs. The two communities were added to $CTRE REIT's existing master lease with New York-based operator Premier Senior Living, LLC, which took over operations effective February 1, 2017.

$CTRE {{ '2016-12-19T13:31:19+0000' | timeago}} • Announcement

$CTRE said its BoD declared a quarterly common stock cash dividend of $0.17 per share, payable on Jan. 13, 2017 to common stockholders of record as of the close of business on Dec. 31, 2016.

$CTRE {{ '2016-12-01T14:31:02+0000' | timeago}} • Announcement

$CTRE acquired 3 skilled nursing facilities and one skilled nursing campus in the greater Dallas-Fort Worth area. The purchase price was about $95.9MM, inclusive of transaction costs. $CTRE entered into a new tenant relationship with affiliates of Priority Management Group, which took over operations effective Dec. 1, 2016.

$CTRE {{ '2016-11-15T13:37:20+0000' | timeago}} • Announcement

$CTRE intends to contribute the net proceeds of its recently announced 5.5MM shares public offering to CTR Partnership, L.P., the company's operating partnership. The net proceeds will be used to fund the pending acquisitions and also repay borrowings outstanding on the company's revolving credit facility.

$CTRE {{ '2016-11-15T13:36:06+0000' | timeago}} • Announcement

$CTRE reported that it intends to sell 5.5MM shares of its common stock in an underwritten public offering. The company also intends to grant the underwriters a 30-day option to purchase up to an additional 825,000 shares of common stock.

$CTRE {{ '2016-09-20T12:37:07+0000' | timeago}} • Announcement

Real estate investment trust $CTRE said its BoD has declared a quarterly common stock cash dividend of $0.17 per share, payable on October 14, 2016 to common stockholders of record as of September 30, 2016.

$CTRE {{ '2016-08-08T18:56:26+0000' | timeago}} • Announcement

California-based REIT $CTRE said it has acquired two seniors housing and two skilled nursing facilities in California's Central Valley for approx. $34.4MM. The Central Valley investment is expected to generate a cash yield of 9% based on annual cash rent of $3.1MM. The deal was funded using $CTRE's $400MM unsecured revolving credit facility.

$CTRE {{ '2016-06-08T20:07:25+0000' | timeago}} • Announcement

$CTRE said Moody's Investor Service has upgraded the growing healthcare REIT's credit ratings. On June 6, Moody's raised its corporate credit rating on $CTRE to B1 from B2, with a stable outlook. Moody's also raised its rating on its Senior Unsecured Notes to B1 from B2. This follows similar upgrades by Standard & Poor's last month.

$CTRE {{ '2016-06-02T19:48:04+0000' | timeago}} • Announcement

$CTRE said it acquired a portfolio of 4 seniors housing communities in Michigan, which serve assisted living & memory care clienteles. All 4 were leased to Premier Senior Living, which took over operations effective June 1, 2016. The acquisition was funded with proceeds from $CTRE's recent 8.5MM share equity offering, which took place on March 21.

$CTRE {{ '2016-05-17T05:09:13+0000' | timeago}} • Announcement

San Clemente, CA-based REIT $CTRE said its director Gary Sabin will retire from its BoD effective August 1 as he has accepted a full-time assignment within The Church of Jesus Christ of Latter-day Saints. BoD is starting a search for a candidate to fill Sabin's remaining term of office which expires at $CTRE's 2017 annual stockholders meeting.

$CTRE {{ '2016-05-12T18:07:31+0000' | timeago}} • Webcast

For 1Q16, $CTRE said that given the most recent quarterly dividend as $0.17 per share, which was just increased by $0.01 or 6.3%, equates to a payout ratio of 63% on FFO and 59% on FAD. Of the $97MM of investments announced in late March, approx. $46MM had a blended yield of 9.2% that's left to close.

$CTRE {{ '2016-05-12T17:52:52+0000' | timeago}} • Webcast

$CTRE said that with regards to skilled nursing, it remains bullish. The company says that Medicare and Medicaid reimbursements rates have trended positively. On the seniors housing front, $CTRE focuses on the B2B plus quality assets & secondary markets, thereby avoiding the oversupply concerns felt by some of the A plus assets in the primary MSAs.

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