CareTrust REIT Prices $637.5 Million Common Stock Offering

04:16 AM EST, 11/12/2026 (MT Newswires) -- CareTrust REIT (CTRE) said Wednesday it priced an underwritten public offering of 17 million shares at about $637.5 million, sold on a forward basis. The company said the underwriters have a 30-day option to purchase up to an additional 2.55 million shares. CareTrust said it entered into separate forward sale agreements with Bank of America (BAC) and Morgan Stanley (MS) in connection with the offering. The company expects to physically settle the agreements within about one year, issuing 17 million shares, or up to 19.55 million shares if the additional option is fully exercised. CareTrust said it will not initially receive proceeds from the forward purchasers' sale of shares. Upon settlement, the company intends to use the net proceeds for general corporate purposes, including potential acquisitions, investments and debt repayment, it added. The offering is expected to close on Nov. 13.