CareTrust REIT Receives Investment Grade Rating Upgrade from Fitch Ratings

By: CareTrust REIT, Inc. via Business Wire

May 28, 2025 at 06:30 AM EDT

CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust” or the “Company”) announced today that Fitch Ratings (“Fitch”) has upgraded the Company’s issuer default rating and issue-level ratings to BBB- with a stable outlook.

“This investment grade rating from Fitch is a strong validation of the progress we’ve made in building resilience in our portfolio and balance sheet, all while deploying roughly $2.5 billion in capital over the past 18 months in attractive seniors housing, skilled nursing, and UK care home investments,” said Dave Sedgwick, CareTrust’s Chief Executive Officer. Mr. Sedgwick continued, “This recognition reinforces our commitment to financial discipline, and we’re grateful to our banking partners for their support in this endeavor. With the foundation of a strong credit profile, we are poised to build even more momentum as we keep pushing on the growth flywheel.”

Additional information regarding the rating changes can be found in the full report issued by Fitch.

About CareTrust^TM

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a portfolio of long-term net-leased properties spanning the United States and United Kingdom, and a growing portfolio of quality operators leasing them, CareTrust is pursuing both external and organic growth opportunities across the US and internationally. More information about CareTrust REIT is available at www.caretrustreit.com.

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