secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001628280-23-027222
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828023027222/0001628280-23-027222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828023027222/ctre-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-027222

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