CareTrust REIT Q3 normalized FFO $0.35/sh; invests $45.4M at 9.9% yield

CareTrust REIT, Inc.

2023-Q3 EPS reported $0.27 revenue$158,036,000

Net income $8.7M ($0.08/sh); Normalized FFO $36.6M ($0.35/sh); Normalized FAD $38.8M ($0.37/sh).
Collected 97.5% contractual rents; lease coverage improved to 2.75x EBITDARM, 2.16x EBITDAR (ex-PRF).
Invested $45.4M in Q3 ($280M YTD) at 9.9%/9.8% estimated stabilized yield after rent ramps.
Settled 16.3M ATM shares for $323.9M gross proceeds; net debt/EBITDA 2.5x, no revolver borrowings.
Declared $0.28/sh quarterly dividend (76% FAD payout); investment pipeline ~$175M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.