CareTrust REIT, Inc. Announces Pricing of Upsized Public Offering of Common Stock
CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust REIT” or the “Company”) announced the pricing of an underwritten public offering of an aggregate of 12,500,000 shares of its common stock sold on a forward basis in connection with the forward sale agreements described below, for gross proceeds of approximately $509.4 million. The underwriters may also purchase up to an additional 1,875,000 shares of the Company’s common stock within 30 days from the date of the prospectus supplement relating to the offering. The offering was upsized from the previously announced offering size of 10,000,000 shares of common stock, and the offering is expected to close on May 20, 2026, subject to customary closing conditions.
Wells Fargo Securities and J.P. Morgan acted as book-running managers for the offering.
In connection with the offering of shares of its common stock, the Company entered into separate forward sale agreements with each of Wells Fargo Securities, LLC and J.P. Morgan Securities LLC (or their respective affiliates), each referred to in such capacity as forward purchaser, with respect to 12,500,000 shares of the Company’s common stock.
