Record growth and strategic expansion in Great Britain

• Normalized FFO: Rose by 67.4% to 77.8 million US dollars.

• Normalized fashion phenomena: Rose by 66% to 80.8 million US dollars.

• Normalized FFO per share: Increased $ 0.07 or 20% to $ 0.42 per share.

• Normalized fashion phenomena per share: Increased $ 0.06 or 16.2% to $ 0.43 per share.

• Total investment: Investments in year until today amounted to around $ 82 million at a return of approx. 10%.

• Income from cash rental: Probably around 284 million US dollars for the year.

• Interest income: Around 90 million US dollars with 76 million US dollars from the loan portfolio and 14 million US dollars made of cash that were invested in money market funds.

• Interest effort: Approx. 24.3 million US dollars, including an amortization of $ 4 million, of postponed financing fees.

• G&A costs: Approx. $ 33 million to $ 37 million, including USD $ 11.7 million.

• Leverage: Net debt compared to normalized EBITDA ratio of 0.5 -times; Expected that they are under 2.5 times after the UK transaction.

• Ratio with a fixed load cover: 15.2 times.

Appearance date: May 02, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Caretrust Reit Inc (NYSE: CTRE) announced the strategic takeover of Care Reit, which marks its entry into the British market and the greatest deal in its history.

• The acquisition promotes CTRE business in terms of concentration of operators, geography, the sponsors and the investment classes.

• In the first quarter, CTRE completed three new investments of over 47 million US dollars with a return of approx. 10%.

• The normalized FFO rose by 67.4% in the previous year to $ 77.8 million, and the normalized FAD rose by 66% to $ 80.8 million.

• The liquidity of CTRE remains with a net debt with normalized EBITDA ratio of 0.5 -x and a ratio of a fixed load of 15.2 -fold.

• The takeover of Care Reit includes the assumption of existing debts of approximately 259 million US dollars, the CTRE is planning to refinance.

• There is uncertainty in terms of potential medicaid cuts that could affect CTRE's portfolio.

• The British acquisition pipeline is still developing and it can take some time for the US pipeline to be mature.

• The interest expenses rose due to the cable draw for the trust account in connection with the British transaction.

• The guidelines of CTRE will not take over additional investments or other debts or stock emissions this year, which could restrict the growth opportunities.

Q: Can you comment on the potential effects of political and provider taxes on your portfolio? A: David Sedgwick, President and CEO, explained that the prospects for potential medicaid cuts do not change. They monitor the process and there is non -partisan support for Medicaid, especially for seniors in nursing homes.