CareTrust REIT announces launch of public offering of common stock

* CareTrust REIT (NYSE:CTRE [https://seekingalpha.com/symbol/CTRE]) on Tuesday said it intends to offer to sell 15.5M shares of its common stock in an underwritten public offering.
* The company also intends to grant the underwriters a 30-day option to purchase up to an additional 2,325,000 shares of common stock.
* The company intends to contribute the net proceeds to CTR Partnership, its operating partnership, which will in turn use the proceeds from this offering to fund new investments and repay the borrowings outstanding on its revolving credit facility.
* CTRE -1.48% after hours to $32.5.
* Source: Press Release [https://seekingalpha.com/pr/20198543-caretrust-reit-inc-announces-launch-of-public-offering-of-common-stock]

MORE ON CARETRUST REIT

* CareTrust REIT: Why I See It Cheaper Than It Looks [https://seekingalpha.com/article/4801201-caretrust-reit-why-i-see-it-cheaper-than-it-looks]
* CareTrust REIT raises 2025 FFO and FAD guidance to $1.77–$1.79 while advancing U.K. expansion [https://seekingalpha.com/news/4481692-caretrust-reit-raises-2025-ffo-and-fad-guidance-to-1_77-1_79-while-advancing-u-k-expansion]
* CareTrust REIT FFO of $0.43 misses by $0.02, revenue of $112.47M beats by $10.45M [https://seekingalpha.com/news/4480408-caretrust-reit-ffo-of-0_43-misses-by-0_02-revenue-of-112_47m-beats-by-10_45m]