---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-027222"
form_type: "8-K"
ticker: "CTRE"
cik: "0001590717"
company_name: "CareTrust REIT, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:19:55.932561+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-027222
- form_type: 8-K
- ticker: CTRE
- cik: 0001590717
- company_name: CareTrust REIT, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590717/000162828023027222/0001628280-23-027222-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590717/000162828023027222/ctre-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-027222
- JSON: https://secwatch.observer/filing/0001628280-23-027222.json
- Plain text: https://secwatch.observer/filing/0001628280-23-027222.txt

## Key facts
- Earnings Releases
  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
  source text: CareTrust REIT, Inc. (the "Company") issued a press release announcing its financial results for the second quarter ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590717/000162828023027222/0001628280-23-027222-index.htm

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