secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001628280-23-038226
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828023038226/0001628280-23-038226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828023038226/ctre-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-038226

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