Slide 1: CareTrust REIT Third Quarter 2016 Financial Supplement
CARETRUST REIT, INC. THIRD QUARTER 2016 FINANCIAL SUPPLEMENT INVESTING IN THE FUTURE OF HEALTHCARE Willowbend Nursing and Rehabilitation Center (Mesquite, TX) Timberwood Nursing and Rehabilitation Center (Livingston, TX) New Haven Assisted Living (San Angelo, TX) The Pines of Burton (Burton, MI) Exh
Slide 2: Welcome to CareTrust
INVESTING IN THE FUTURE OF HEALTHCARE Welcome to CareTrust We are pleased to present you with our inaugural financial supplement. As a relatively young company, we are proud of the disciplined growth pattern we are establishing, and the exceptional operator roster and real estate portfolio this disc
Slide 3: Disclaimers
INVESTING IN THE FUTURE OF HEALTHCARE Disclaimers This supplement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical statements of fact and statements regarding our
Slide 4: Company Profile
INVESTING IN THE FUTURE OF HEALTHCARE Company Profile Table of Contents CareTrust is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. CareTrust generates revenues primarily by lea
Slide 5: At a Glance
INVESTING IN THE FUTURE OF HEALTHCARE At a Glance 15 Operators 14,304 Operating Beds/Units 20 States 149 Properties $953.0M Investments Notes: Amounts are as of September 30, 2016 and exclude our three operated seniors housing properties and our three preferred equity investments. Credit Ratings S&P
Slide 6: Post-Spin Investments
INVESTING IN THE FUTURE OF HEALTHCARE Post-Spin Investments Notes: [1] Initial Investment represents purchase price and transaction costs. [2] Initial Operating Beds/Units as of the acquisition date. [3] Total Cost per Bed/Unit excludes preferred equity investments. [4] Initial Rent represents the a
Slide 7: Portfolio Performance
Portfolio Performance INVESTING IN THE FUTURE OF HEALTHCARE Lamplight Inn of Baltimore (Baltimore, MD) Croatan Village (New Bern, NC) Littleton Care and Rehabilitation Center (Littleton, CO) North Mountain Medical & Rehabilitation Center (Phoenix, AZ) (dollars in thousands) Notes: [1] Investment for
Slide 8: Tenant Summary
INVESTING IN THE FUTURE OF HEALTHCARE Tenant Summary The Ensign Group (NASDAQ: ENSG) is a publicly-traded, nationwide operator of 209 skilled nursing and assisted living facilities, 94 of which are owned by CTRE. In addition to being a blue-chip operator, Ensign also operates 17 hospice agencies, 17
Slide 9: Rent Diversification by Tenant
Rent Diversification by Tenant INVESTING IN THE FUTURE OF HEALTHCARE Notes: Underwriting DARMx and DARx apply for Tenants with less than 12 months operational data Notes: [1] Investment for pre-spin properties represents Ensign's gross book value. Investment for post-spin properties represents CareT
Slide 10: Geographic Diversification
Geographic Diversification 1 ALF 7 SNFs 1 ALF 2 ALFs 1 ALFs 9 SNFs 1 Campus 3 ALFs 22 SNFs 1 Campus 12 SNFs 4 Campuses 2 ALFs 1 SNF 2 ALFs 7 SNFs 1 Campus 4 ALFs 17 SNFs 2 Campuses 2 ALFs 4 SNFs 3 ALFs 1 SNF 13 SNFs 2 Campuses 3 ALFs 6 SNFs 1 Campus 1 ALF 1 ALF 3 SNFs 2 Campuses 1 ALF INVESTING IN T
Slide 11: Rent Diversification by State
Rent Diversification by State INVESTING IN THE FUTURE OF HEALTHCARE Notes: [1] Investment for pre-spin properties represents Ensign's gross book value. For post-spin properties, Investment represents CareTrust’s cumulative capital investment. Capital investment includes purchase price, transaction c
Slide 12: Lease Maturities
Lease Maturities INVESTING IN THE FUTURE OF HEALTHCARE Lease Maturity Year Desert Springs Senior Living (Las Vegas, NV) % of Rent Notes: [1] Lease Maturity Year represents the scheduled expiration year of the primary term of the lease and does not include tenant extension options, if any. [2] Invest
Slide 13: Financial Overview
Financial Overview Orem Rehabilitation and Nursing Center (Orem, UT)
Slide 14: Consolidated Income Statements
Consolidated Income Statements (amounts in thousands, except per share data) INVESTING IN THE FUTURE OF HEALTHCARE 2016 2015 2016 2015 Revenues: Rental income $ 24,179 $ 15,778 $ 67,857 $ 45,869 Tenant reimbursements 2,089 1,320 5,815 3,866 Independent living facilities 766 626 2,177 1,868 Interest
Slide 15: Reconciliation of EBITDA, FFO and FAD
Reconciliation of EBITDA, FFO and FAD INVESTING IN THE FUTURE OF HEALTHCARE (amounts in thousands, except per share data) [1] For the periods presented, the diluted weighted average shares have been calculated using the treasury stock method. See “Glossary” for additional information. Quarter Quarte
Slide 16: Consolidated Balance Sheets
Consolidated Balance Sheets (dollars in thousands) INVESTING IN THE FUTURE OF HEALTHCARE
Slide 17: Key Debt Metrics
INVESTING IN THE FUTURE OF HEALTHCARE Key Debt Metrics Debt to EBITDA[1] Debt to Enterprise Value[2] [1] Debt to EBITDA compares total debt as of the last day of the quarter to the annualized EBITDA for the quarter. [2] Debt to Enterprise Value compares total debt as of the last day of the quarter t
Slide 18: Debt Summary
Debt Summary INVESTING IN THE FUTURE OF HEALTHCARE (dollars in thousands) Notes: [1] Funds can be borrowed at applicable LIBOR plus 1.95% to 2.60% or at the Base Rate (as defined) plus 0.95% to 1.6%. [2] Funds can be borrowed at applicable LIBOR plus 1.75% to 2.40% or the Base Rate (as defined) plus
Slide 19: FY 2016 Guidance Update
FY 2016 Guidance Update INVESTING IN THE FUTURE OF HEALTHCARE (shares in thousands) See “Glossary” for additional information.
Slide 20: Equity Capital Transactions
INVESTING IN THE FUTURE OF HEALTHCARE Equity Capital Transactions Follow-On Equity Offering Activity At-the-Market Offering Activity
Slide 21: Other Financial Highlights
Other Financial Highlights Dividend History Normalized FFO Payout Ratio[1] 21 Normalized FFO per Share Notes: [1] Normalized FFO Payout Ratio represents dividends paid divided by normalized FFO, in each case for the applicable quarter. See “Glossary” for additional information. INVESTING IN THE FUTU
Slide 22: Glossary
Glossary INVESTING IN THE FUTURE OF HEALTHCARE Assisted Living Facilities (“ALFs”) Licensed healthcare facilities that provide personal care services, support and housing for those who need help with daily living activities, such as bathing, eating and dressing, yet require limited medical care. The
Slide 23: Glossary (continued)
INVESTING IN THE FUTURE OF HEALTHCARE Independent Living Facilities (“ILFs”) Also known as retirement communities or senior apartments, ILFs are not healthcare facilities. ILFs typically consist of entirely self-contained apartments, complete with their own kitchens, baths and individual living spac
Slide 24: CareTrust REIT, Inc.
CareTrust REIT, Inc. 905 Calle Amanecer, Suite 300 San Clemente, CA 92673 NASDAQ: CTRE www.caretrustreit.com Julia Temple Healthcare Center, Englewood, CO INVESTING IN THE FUTURE OF HEALTHCARE