CareTrust REIT, Inc. (CTRE) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

keypad. If you would like to withdraw your question, press star 1 again. Thank you. I would now like to turn the conference over to Lauren Beal, Care Trust Chief Accounting Officer. You may begin. Thank you, and welcome to Care Trust REIT's second quarter 2025 earnings call. We will make forward-looking statements today based on management's current expectations, including statements regarding future financial performance, dividends, acquisitions, investments, financing plans, business strategies, and growth prospects. These forward-looking statements are subject to risks and uncertainties that could cause actual results to materially differ from our expectations. These risks are discussed in Care Trust REIT's most recent Form 10-K and 10-Q filings with the SEC. We do not undertake a duty to update or revise these statements, except as required by law. During the call, the company will reference non-GAAP metrics such as EBITDA, FFO, and FAD, or FAD. A reconciliation of these measures to the most comparable GAAP financial measures is available in our earnings press release and Q2 2025 non-GAAP reconciliation that are available on the investor relations section of CareTrust's website at www.caretrustreit.com. A replay of this call will also be available on the website for a limited period. On the call this morning are Dave Sedgwick, President and Chief Executive Officer, Bill Wagner, Chief Financial Officer, James Collister, Chief Investment Officer, and Derek Bunker, FCP Strategy and Investor Relations. I'll now turn the call over to Dave Sedgwick, Care Trust REITs President and CEO. Dave? Well, good morning, everybody, and thank you for joining us. Before I share the highlights for the quarter and the many good things yet to come, I think it's important to take a min...