CareTrust REIT sets up $750 million at-the-market stock sale program
CareTrust REIT entered into a new equity distribution agreement with a group of sales agents and forward purchasers covering up to $750 million of common stock sales, called the January 2025 ATM Program. The company intends to use net proceeds for general corporate purposes, including possible acquisitions, debt repayment and working capital, and it terminated its prior August 2024 program, which had about $440.15 million of unsold capacity. Because the program lets the company sell new shares over time, it may add to the number of shares outstanding.
Key points
- Maximum aggregate gross offering price of up to $750,000,000 under the January 2025 ATM Program
- Sales agents may receive commissions of up to 2.0% of the sale price of common stock sold through them
- Prior at-the-market program dated August 29, 2024 was terminated, with about $440.15 million of unsold shares at termination
- Shares will be issued under a Form S-3 shelf registration filed February 24, 2023, with a prospectus supplement filed January 21, 2025
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 21, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.