CareTrust REIT Q4 normalized FFO $0.38; net income $14.4M; dividend maintained at $0.275

CareTrust REIT, Inc.

2022-FY EPS reported -$0.08 revenue$196,132,000

Q4 net income $14.4M ($0.15 diluted EPS); full-year net loss $7.5M ($0.08 loss).
Normalized FFO $0.38/share in Q4, $1.49/share for FY2022; normalized FAD $0.40 and $1.57.
Contractual rent collections 95.5% in Q4, 95.2% for year; EBITDAR lease coverage 2.01x.
Dividend maintained at $0.275/quarter; payout ratio ~69% of normalized FAD.
Liquidity: $20M cash, $135M drawn on $600M revolver, $428.4M ATM remaining; net debt/EBITDA 3.7x.

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 0.95

CareTrust REIT, Inc. reported the year ended December 31, 2022 results: net income net loss of $7.5 million, or $0.08 loss per diluted weighted-average common share, EPS $0.08 loss per diluted weighted-average common share.

Period: the year ended December 31, 2022
Net income: net loss of $7.5 million, or $0.08 loss per diluted weighted-average common share
EPS: $0.08 loss per diluted weighted-average common share
Result: reported results

Exact text from the filing

On February 9, 2023, CareTrust REIT, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full fiscal year ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CareTrust REIT, Inc. reported the fourth quarter ended December 31, 2022 results: net income Net income of $14.4 million and net income per share of $0.15, EPS $0.15 per diluted weighted-average common share.

Period: the fourth quarter ended December 31, 2022
Net income: Net income of $14.4 million and net income per share of $0.15
EPS: $0.15 per diluted weighted-average common share
Result: reported results

Exact text from the filing

On February 9, 2023, CareTrust REIT, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full fiscal year ended December 31, 2022.

View on SEC.gov

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CareTrust REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-002959

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