CareTrust REIT to buy 45 UK care homes from LNT in £1.1 billion transaction
CareTrust REIT announced a purchase of 45 care‑home properties in the United Kingdom from LNT Care Developments, valued at roughly £1.1 billion. The first tranche of 24 homes was closed for £576 million, with the remaining 21 homes slated for acquisition in 2027 for about £504 million, subject to regulatory approvals. Funding for the initial purchase came from equity settlement proceeds and the company’s revolving credit facility. The deal coincided with an upgrade to CareTrust’s 2026 outlook, forecasting net income of $1.54‑$1.57 per share and normalized funds from operations of $2.06‑$2.09 per share.
Why it matters
The acquisition expands CareTrust’s UK portfolio, increasing its exposure to the senior‑housing market. The company’s raised 2026 guidance suggests higher earnings and cash flow, which could support dividend growth and future financing capacity.
Key facts
- 1The total consideration for the 45 homes is approximately £1.1 billion. finchannel.com
- 2The initial closing on 24 homes was completed for £576 million. finchannel.com
- 3The remaining 21 homes are expected to be bought for about £504 million in 2027. finchannel.com
- 4Funding for the first tranche came from forward equity settlement proceeds and the revolving credit facility. finchannel.com
- 5CareTrust’s 2026 outlook now projects net income of $1.54‑$1.57 per share. finchannel.com
- 6Normalized funds from operations are projected at $2.06‑$2.09 per share for 2026. finchannel.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.