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CareTrust: 3 Key Takeaways for Long-Term Investors
The Motley Fool·
CareTrust REIT announced $2.9 billion in year-to-date investments and highlighted three key strengths: a strategic partnership with LNT for differentiated senior housing growth, record skilled nursing lease coverage of 2.62x EBITDAR providing financial cushion, and a strengthened balance sheet with $2.3 billion in total liquidity to fund a $1.2 billion acquisition pipeline while maintaining leverage below target ranges.
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