CareTrust REIT (CTRE) investor relations material

Company history and growth trajectory

• Originated from a nursing home company in 1999, spun off real estate to form a REIT in 2014.

• Reduced tenant concentration and averaged $225 million in annual investments over nine years.

• Achieved $1.5 billion in acquisitions last year, with a significant international expansion into the UK.

• Market capitalization grew from $2.5 billion to $7.5 billion in 18 months.

• CEO emphasizes a unique operator-focused approach due to skilled nursing’s sensitivity to operator quality.

UK acquisition and integration

• Entered the UK market to diversify and add a new growth engine, closing the deal in May and internalizing the team in July.

• UK market offers similar supply-demand dynamics and funding mix as the US, with a fragmented landscape ripe for roll-up.

• Internalization expected to yield $5 million in G&A savings by next year, with cultural integration underway.

• UK pipeline is growing rapidly, now contributing about 16% of revenue, with several deals expected to close this year.

• Maintaining the local team is seen as key to leveraging relationships and accelerating deal flow.

Growth strategy and future plans

• Announced a $600 million pipeline, with 60% US skilled nursing, 20% US shop, and the remainder in the UK.

• Actively building a third growth engine by investing in the shop (senior housing operating properties) segment.

• Hired new leadership and technical staff to prepare for shop expansion, focusing on scalable infrastructure.

• Sees a massive opportunity in shop, with 40,000 properties in the US, and is ready to scale if a large portfolio becomes available.

• Growth is managed with a long-term perspective, aiming to add new growth curves to sustain momentum.