---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-017208"
form_type: "8-K"
ticker: "CTRE"
cik: "0001590717"
company_name: "CareTrust REIT, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:24:07.775545+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CareTrust REIT Q1 normalized FFO $0.35/shr, dividend raised to $0.28, $47M acquisitions closed

## Summary
- Net income $19.2M ($0.19 EPS); normalized FFO $35.0M ($0.35/shr); normalized FAD $36.6M ($0.37/shr).
- Quarterly dividend increased to $0.28/shr (from $0.275), payout ratio ~76% on normalized FAD.
- Post-quarter closed 3 acquisitions (~$47M) for 5 facilities; investment pipeline $150M-$200M.
- Sold one seniors housing facility for ~$3M; 3 facilities under contract to sell.
- Net debt-to-EBITDA 3.8x, below 4-5x target; $500M ATM authorization; forward equity sale of ~1.76M shares at $19.91.

## SEC filing metadata
- accession: 0001628280-23-017208
- form_type: 8-K
- ticker: CTRE
- cik: 0001590717
- company_name: CareTrust REIT, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590717/000162828023017208/0001628280-23-017208-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590717/000162828023017208/ctre-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-017208
- JSON: https://secwatch.observer/filing/0001628280-23-017208.json
- Plain text: https://secwatch.observer/filing/0001628280-23-017208.txt

## Key facts
- Earnings Releases
  CareTrust REIT, Inc. reported first quarter ended March 31, 2023 results: net income $19.2 million, EPS $0.19.
  - Period: first quarter ended March 31, 2023
  - Net income: $19.2 million
  - EPS: $0.19
  - Result: reported results
  source text: Chief Financial Officer, Bill Wagner, reported that, for the first quarter, CareTrust reported net income of $19.2 million, or $0.19 per diluted weighted-average common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590717/000162828023017208/0001628280-23-017208-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.