Equity Profile

CTRE

CareTrust REIT, Inc.

Real EstateHealth Care REITs$9.0B

Aug10Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

CareTrust REIT, Inc. (CTRE) is a real estate investment trust focused on acquiring, owning, and managing healthcare-related properties....

Key Metrics to Watch

Funds From Operations (FFO)

FFO is a key measure for REITs, indicating the cash generated from operations, which is crucial for dividend payments.

N/A

Occupancy Rate

A high occupancy rate reflects strong demand for CareTrust's properties, impacting revenue stability and growth.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

CTRE Q2-2026 Earnings Preview

Context

Company Snapshot

CareTrust REIT, Inc. (CTRE) is a real estate investment trust focused on acquiring, owning, and managing healthcare-related properties. With a market cap of $9 billion, the company plays a significant role in the healthcare real estate sector, which is influenced by trends like an aging population and increasing demand for healthcare services.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-1.13%

Avg Stock Reaction

+0.58%

Last Quarter Recap

In Q1-2026, CareTrust reported earnings per share (EPS) of $0.48, matching analyst expectations with a slight positive surprise. The stock saw a modest increase of 0.05% the following day.

Management Promises & Guidance

Maintain a strong occupancy rate across properties.
Focus on expanding the portfolio through strategic acquisitions.
Enhance operational efficiencies to improve same-store NOI.

Expectations

Wall Street Expectations

Overall expectations for CareTrust's upcoming earnings are mixed, with investors keenly watching occupancy rates and operational performance. The lack of analyst estimates adds uncertainty to market reactions.

Bull Case

If CareTrust can demonstrate strong occupancy and improved same-store NOI, it could lead to positive investor sentiment and stock appreciation.

Bear Case

Conversely, if occupancy rates decline or operational metrics fall short, it could raise concerns about revenue stability and lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current occupancy rate across CareTrust's properties?

Occupancy rates are critical for revenue generation; a decline could signal potential issues in property demand.

How has same-store NOI changed compared to the previous quarter?

Changes in same-store NOI will provide insight into operational efficiency and the overall health of the portfolio.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of rising healthcare demand on occupancy rates, which could lead to stronger performance than expected.

Supporting Evidence

Recent trends show increasing demand for healthcare facilities, which may not be fully reflected in current occupancy estimates.

The options market is pricing a larger move than historical averages, suggesting potential for a surprise.

CareTrust's strategic acquisitions could enhance portfolio performance, contrary to cautious market sentiment.

Key Risk

If occupancy rates exceed 90%, it could challenge the current bearish outlook and drive stock appreciation.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on occupancy and operational metrics, which are vital for sustaining revenue and investor confidence.

Bull Confirmed If

Occupancy rates above 90% and same-store NOI growth of 5% or better would confirm the bull case.

Bear Confirmed If

Occupancy rates below 85% or a decline in same-store NOI would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.1%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a significant move of about 5.1%, indicating that investors expect volatility around the earnings announcement.

Options are pricing ±5.1% while CTRE has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

29.1%

Calls (900)P/C Ratio: 0.83Puts (100)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CareTrust beats expectations, history suggests a potential stock increase of around 0.51%, confirming positive operational trends.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors digest management's commentary on future guidance.

Miss

A miss could result in a decline of about 0.62%, reflecting investor disappointment in operational performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and any changes in tenant demand.
2Details on recent acquisitions and their expected impact on revenue.
3Management's outlook on the healthcare real estate market.
4Any commentary on operational efficiencies and cost management.
5Insights into future dividend policies and cash flow management.

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Company Snapshot

CareTrust REIT, Inc. (CTRE) is a real estate investment trust focused on acquiring, owning, and managing healthcare-related properties....

Key Metrics to Watch

Funds From Operations (FFO)

FFO is a key measure for REITs, indicating the cash generated from operations, which is crucial for dividend payments.

N/A

Occupancy Rate

A high occupancy rate reflects strong demand for CareTrust's properties, impacting revenue stability and growth.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

CTRE Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-1.13%

Avg Stock Reaction

+0.58%

Last Quarter Recap

In Q1-2026, CareTrust reported earnings per share (EPS) of $0.48, matching analyst expectations with a slight positive surprise. The stock saw a modest increase of 0.05% the following day.

Management Promises & Guidance

Maintain a strong occupancy rate across properties.
Focus on expanding the portfolio through strategic acquisitions.
Enhance operational efficiencies to improve same-store NOI.

Expectations

Wall Street Expectations

Bull Case

If CareTrust can demonstrate strong occupancy and improved same-store NOI, it could lead to positive investor sentiment and stock appreciation.

Bear Case

Conversely, if occupancy rates decline or operational metrics fall short, it could raise concerns about revenue stability and lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current occupancy rate across CareTrust's properties?

Occupancy rates are critical for revenue generation; a decline could signal potential issues in property demand.

How has same-store NOI changed compared to the previous quarter?

Changes in same-store NOI will provide insight into operational efficiency and the overall health of the portfolio.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of rising healthcare demand on occupancy rates, which could lead to stronger performance than expected.

Supporting Evidence

Recent trends show increasing demand for healthcare facilities, which may not be fully reflected in current occupancy estimates.

The options market is pricing a larger move than historical averages, suggesting potential for a surprise.

CareTrust's strategic acquisitions could enhance portfolio performance, contrary to cautious market sentiment.

Key Risk

If occupancy rates exceed 90%, it could challenge the current bearish outlook and drive stock appreciation.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on occupancy and operational metrics, which are vital for sustaining revenue and investor confidence.

Bull Confirmed If

Occupancy rates above 90% and same-store NOI growth of 5% or better would confirm the bull case.

Bear Confirmed If

Occupancy rates below 85% or a decline in same-store NOI would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.1%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a significant move of about 5.1%, indicating that investors expect volatility around the earnings announcement.

Options are pricing ±5.1% while CTRE has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

29.1%

Calls (900)P/C Ratio: 0.83Puts (100)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CareTrust beats expectations, history suggests a potential stock increase of around 0.51%, confirming positive operational trends.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors digest management's commentary on future guidance.

Miss

A miss could result in a decline of about 0.62%, reflecting investor disappointment in operational performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and any changes in tenant demand.
2Details on recent acquisitions and their expected impact on revenue.
3Management's outlook on the healthcare real estate market.
4Any commentary on operational efficiencies and cost management.
5Insights into future dividend policies and cash flow management.