---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-038226"
form_type: "8-K"
ticker: "CTRE"
cik: "0001590717"
company_name: "CareTrust REIT, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:42:10.156847+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-038226
- form_type: 8-K
- ticker: CTRE
- cik: 0001590717
- company_name: CareTrust REIT, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590717/000162828023038226/0001628280-23-038226-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590717/000162828023038226/ctre-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-038226
- JSON: https://secwatch.observer/filing/0001628280-23-038226.json
- Plain text: https://secwatch.observer/filing/0001628280-23-038226.txt

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