Care REIT Ord
CRT.L
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- Care REIT plc (CRT.L), formerly Impact Healthcare REIT plc, is a real estate investment trust (REIT) that acquires, renovates, extends, redevelops and leases high-quality healthcare real estate assets in the United Kingdom, primarily care homes leased on long-term full repairing and insuring (FRI) agreements to established operators providing residential care services for the elderly and other healthcare needs; its portfolio includes 137 properties valued at £679.0 million as of December 31, 2024, with a contracted rent roll of £51.4 million, a weighted average unexpired lease term (WAULT) of 20.2 years, and 100% inflation-linked leases. The company targets healthcare operators offering quality care, delivering attractive rent cover and progressive dividends to shareholders through exposure to a diversified, resilient portfolio supporting social infrastructure and NHS relief. Founded in 2016 and headquartered in the United Kingdom, Care REIT operates exclusively across the UK with a focus on residential care homes and related healthcare properties. In May 2025, Care REIT plc was acquired by U.S.-listed CareTrust REIT, Inc. (NYSE: CTRE) in a recommended cash transaction valued at approximately $817 million (£448 million), marking CareTrust's strategic entry into the UK care home market and integrating Care REIT as a subsidiary to leverage its portfolio for international growth. The acquisition, approved unanimously by both boards and completed in Q2 2025, included £1.1 billion in investments at an 8.4% stabilized yield and post-close payoffs of assumed secured debt, enhancing CareTrust's operator relationships, asset diversification, and investment pipeline exceeding $600 million. Earlier, in October 2024, the company rebranded from Impact Healthcare REIT plc to Care REIT plc, with ticker change to CRT.L effective October 22, 2024, to better align with its care-focused investments and UK Financial Conduct Authority sustainability disclosure requirements.