secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001628280-23-017208
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828023017208/0001628280-23-017208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828023017208/ctre-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-017208

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