CareTrust REIT Q3 normalized FFO $0.37/share, net income $0.7M, dividend $0.275 maintained

CareTrust REIT, Inc.

2022-Q3 EPS reported -$0.23 revenue$144,322,000

Net income $0.7M ($0.01 EPS); normalized FFO $36.1M ($0.37/share); normalized FAD $38.0M ($0.39/share).
Collected 93.4% of contractual rents; SNF occupancy +53 bps, seniors housing occupancy +131 bps QoQ.
Sold Trio SNF portfolio for $52M; funded $47.2M in B-piece financings on two SNF portfolios.
Net debt-to-EBITDA 4.2x; $195M drawn on $600M revolver; $19M cash; $476.5M ATM authorization remaining.
Quarterly dividend of $0.275/share declared; payout ratio 71% on normalized FAD.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CareTrust REIT, Inc. reported third quarter ended September 30, 2022 results: net income $0.7 million, EPS $0.01.

Period: third quarter ended September 30, 2022
Net income: $0.7 million
EPS: $0.01
Result: reported results

Exact text from the filing

On November 8, 2022, CareTrust REIT, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2022.

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CareTrust REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-028910

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