Equity Profile

CTRE

CareTrust REIT, Inc.

Real EstateHealth Care REITs$9.5B

Aug10Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

CareTrust REIT, Inc. (CTRE) is a real estate investment trust focused on healthcare properties, particularly skilled nursing facilities and senior housing....

Key Metrics to Watch

Funds from Operations (FFO)

FFO is a key metric for REITs as it reflects the cash generated from operations, which is crucial for dividend payments.

Not available

Occupancy Rates

Higher occupancy rates indicate better performance of the properties and can lead to increased rental income.

Not available

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 healthcare properties, particularly skilled nursing facilities and senior housing. With a market cap of $10 billion, it plays a crucial role in the healthcare real estate sector, which is increasingly important as the population ages and demand for healthcare services grows.

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. The stock saw a slight increase of 0.05% the following day, indicating a stable market reaction.

Management Promises & Guidance

Focus on maintaining high occupancy rates across properties.
Commitment to strategic acquisitions to enhance portfolio diversity.
Plans to improve operational efficiencies to boost cash flow.

Expectations

Wall Street Expectations

Overall, expectations for CareTrust's upcoming earnings are cautious, given the mixed performance in previous quarters. Investors are particularly interested in occupancy rates and revenue growth.

Bull Case

If CareTrust can demonstrate strong occupancy rates and solid revenue growth, it could lead to increased investor confidence and a potential rise in stock price.

Bear Case

Conversely, if occupancy rates decline or revenue growth fails to meet expectations, it could raise concerns about the company's ability to generate consistent cash flow, leading to a negative reaction in the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the current occupancy rates across CareTrust's properties?

Occupancy rates are critical for revenue generation, and any significant changes could impact future cash flows and dividends.

How has the company performed in terms of same-store revenue growth?

This metric will provide insight into the organic growth of the business and its ability to increase revenue without relying on acquisitions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for CareTrust to outperform in occupancy and revenue growth, given the aging population and increased demand for healthcare facilities.

Supporting Evidence

Options are pricing a 5.1% move but the stock has only moved >1% on average over the last 8 quarters.

Historical data shows that CareTrust has had a mixed track record, but recent trends suggest improving demand in the healthcare sector.

Key Risk

If occupancy rates exceed 90%, it could significantly shift market sentiment and expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the ability to maintain strong occupancy and revenue growth, which are vital for sustaining dividends and investor confidence.

Bull Confirmed If

Occupancy rates above 90% and same-store revenue growth of at least 5% would confirm the bull case.

Bear Confirmed If

Occupancy rates below 85% or negative same-store revenue growth would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.1%

Historical Avg

±1.02%

Pricing rich

The options market is pricing in a significant move of about 5.1% following the earnings report, indicating that traders expect volatility.

Options price a 5.1% move but the stock has averaged only 1.02% over the last 8 quarters — setup is rich.

Detail

ATM IV

0.3%

30d HV

29.1%

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

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 12 of 30 (40%)

This setup has occurred 30 times across Real Estate in the last 2 years. 12 of 30 faded and 18 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.7%, with a raw directional average of +0.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CareTrust beats expectations, history suggests a positive reaction, with an average 1-day move of +0.51%, confirming bullish sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted response as investors await further guidance from management.

Miss

Should the company miss expectations, history suggests a potential decline, with an average 1-day move of +0.62% when they miss, indicating bearish sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on occupancy rates and how they compare to previous quarters.
2Details on same-store revenue growth and its implications for future performance.
3Management's outlook on potential acquisitions and their impact on growth.
4Insights into operational efficiencies and cost management strategies.
5Any commentary on macroeconomic factors affecting the healthcare real estate market.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

CareTrust REIT, Inc. (CTRE) is a real estate investment trust focused on healthcare properties, particularly skilled nursing facilities and senior housing....

Key Metrics to Watch

Funds from Operations (FFO)

FFO is a key metric for REITs as it reflects the cash generated from operations, which is crucial for dividend payments.

Not available

Occupancy Rates

Higher occupancy rates indicate better performance of the properties and can lead to increased rental income.

Not available

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. The stock saw a slight increase of 0.05% the following day, indicating a stable market reaction.

Management Promises & Guidance

Focus on maintaining high occupancy rates across properties.
Commitment to strategic acquisitions to enhance portfolio diversity.
Plans to improve operational efficiencies to boost cash flow.

Expectations

Wall Street Expectations

Overall, expectations for CareTrust's upcoming earnings are cautious, given the mixed performance in previous quarters. Investors are particularly interested in occupancy rates and revenue growth.

Bull Case

If CareTrust can demonstrate strong occupancy rates and solid revenue growth, it could lead to increased investor confidence and a potential rise in stock price.

Bear Case

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the current occupancy rates across CareTrust's properties?

Occupancy rates are critical for revenue generation, and any significant changes could impact future cash flows and dividends.

How has the company performed in terms of same-store revenue growth?

This metric will provide insight into the organic growth of the business and its ability to increase revenue without relying on acquisitions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for CareTrust to outperform in occupancy and revenue growth, given the aging population and increased demand for healthcare facilities.

Supporting Evidence

Options are pricing a 5.1% move but the stock has only moved >1% on average over the last 8 quarters.

Historical data shows that CareTrust has had a mixed track record, but recent trends suggest improving demand in the healthcare sector.

Key Risk

If occupancy rates exceed 90%, it could significantly shift market sentiment and expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the ability to maintain strong occupancy and revenue growth, which are vital for sustaining dividends and investor confidence.

Bull Confirmed If

Occupancy rates above 90% and same-store revenue growth of at least 5% would confirm the bull case.

Bear Confirmed If

Occupancy rates below 85% or negative same-store revenue growth would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.1%

Historical Avg

±1.02%

Pricing rich

The options market is pricing in a significant move of about 5.1% following the earnings report, indicating that traders expect volatility.

Options price a 5.1% move but the stock has averaged only 1.02% over the last 8 quarters — setup is rich.

Detail

ATM IV

0.3%

30d HV

29.1%

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

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 12 of 30 (40%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CareTrust beats expectations, history suggests a positive reaction, with an average 1-day move of +0.51%, confirming bullish sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted response as investors await further guidance from management.

Miss

Should the company miss expectations, history suggests a potential decline, with an average 1-day move of +0.62% when they miss, indicating bearish sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on occupancy rates and how they compare to previous quarters.
2Details on same-store revenue growth and its implications for future performance.
3Management's outlook on potential acquisitions and their impact on growth.
4Insights into operational efficiencies and cost management strategies.
5Any commentary on macroeconomic factors affecting the healthcare real estate market.