CareTrust REIT Reports Acquisition Of Two Skilled Nursing Facilities In Separate Transactions With Total Investment Amount Of $62.1M
Portfolio Pulse from Benzinga Newsdesk
CareTrust REIT has acquired two skilled nursing facilities for a total of $62.1 million. The company has $221 million in cash and initiated a $750 million ATM program.
August 29, 2024 | 9:34 pm
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CareTrust REIT has made strategic acquisitions of two skilled nursing facilities for $62.1 million, enhancing its asset portfolio. The company also initiated a $750 million ATM program, indicating potential for further growth and investment.
The acquisition of two skilled nursing facilities expands CareTrust REIT's asset base, which is a positive indicator for growth. The initiation of a $750 million ATM program suggests the company is preparing for further investments or acquisitions, which could drive future revenue and profitability. The company's strong cash position of $221 million supports these strategic moves.
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