secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001628280-22-012641
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CareTrust Q1 net loss $43.3M on $59.7M impairments; normalized FFO up 5.2%
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- Net loss of $43.3M ($0.45 diluted loss) due to $59.7M impairments on assets held for sale.
- Normalized FFO $35.9M ($0.37/diluted share), up 5.2% YoY; normalized FAD $37.9M ($0.39/share).
- Quarterly dividend increased to $0.275/share (71% normalized FAD payout ratio).
- Acquired two skilled nursing facilities for $22M total; added $2.06M annual rent.
- No 2022 guidance issued; management cites need for visibility on dispositions and re-tenanting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828022012641/0001628280-22-012641-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828022012641/ctre-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012641

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer