secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001628280-23-002959
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828023002959/0001628280-23-002959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828023002959/ctre-20230209.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-002959

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