CareTrust REIT Q2 net loss $0.5M; normalized FFO $0.35/sh; acquired $173.5M

CareTrust REIT, Inc.

2023-Q2 EPS reported $0.19 revenue$102,159,000

Net loss of $0.5M ($0.01/sh); normalized FFO $34.6M ($0.35/sh); normalized FAD $36.1M ($0.36/sh).
Acquired 12 properties for $173.5M and originated a $26M loan investment; sold 6.7M ATM shares for expected $131.1M.
Dividend maintained at $0.28/qtr; payout ratio ~78% on normalized FAD.
Portfolio lease coverage improved: EBITDARM 2.70x, EBITDAR 2.13x; skilled nursing occupancy rose to 76.2%.
Net debt-to-EBITDA 3.8x below target range; $310M drawn on $600M revolver, cash $12M.

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 quarter ended June 30, 2023 results: net income Net loss of $0.5 million, EPS net loss per share of $0.01.

Period: quarter ended June 30, 2023
Net income: Net loss of $0.5 million
EPS: net loss per share of $0.01
Result: reported results

Exact text from the filing

CareTrust REIT, Inc. (the "Company") issued a press release announcing its financial results for the second quarter ended June 30, 2023

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CareTrust REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-027222

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