secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001628280-22-021146
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CareTrust REIT Q2 net income $20.7M, normalized FFO $35.6M, collects 93.9% of rents
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- Net income $20.7M ($0.21/diluted EPS); Normalized FFO $35.6M ($0.37/share); Normalized FAD $37.5M ($0.39/share).
- Collected 93.9% of contractual rents in Q2; skilled nursing occupancy up 98 bps, seniors housing up 215 bps QoQ.
- Completed $100M in debt investments: $75M C-piece at ~8.4% (5-yr), $25M mezzanine at 11% (10-yr) plus $22.3M California loan.
- Maintained $0.275 quarterly dividend; payout ratio ~71% on normalized FAD.
- No FY2022 guidance issued; management cites need for disposition timing visibility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828022021146/0001628280-22-021146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828022021146/ctre-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-021146

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