secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001628280-22-028910
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 Q3 normalized FFO $0.37/share, net income $0.7M, dividend $0.275 maintained
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828022028910/0001628280-22-028910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828022028910/ctre-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-028910

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