8-K
filed February 8, 2024, 6:59 PM ET
ticker CTRE
CIK 0001590717
earnings
confidence high
sentiment positive
materiality 0.75
CareTrust REIT Q4 normalized FFO $0.36/sh; guides FY2024 FFO $1.43-$1.45
CareTrust REIT, Inc.
2023-FY EPS reported
$0.50
revenue$217,770,000
- Q4 net income $26.3M ($0.22/sh); normalized FFO $43.4M ($0.36/sh); normalized FAD $45.4M ($0.37/sh).
- FY2023 net income $53.7M ($0.50/sh); investments $288.1M at 9.8% stabilized yield.
- Q4 collected 100% of contractual rents; full-year 97.7%; Net Debt/EBITDA 1.4x, cash $294M at year-end.
- Post-quarter investments $63.2M at 12.9% yield; investment pipeline ~$250M; new assisted living operator.
- 2024 guidance: net income $1.02-$1.04/sh; normalized FFO $1.43-$1.45/sh; dividend maintained at $0.28/sh quarterly.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
CareTrust REIT, Inc. reported quarter ended December 31, 2023 results: net income 26.3 million, EPS 0.22.
- Period
- quarter ended December 31, 2023
- Net income
- 26.3 million
- EPS
- 0.22
- Result
- reported results
Exact text from the filing
For the quarter, CareTrust REIT reported: • 100.0% of contractual rents collected, resulting in collections for the year of 97.7%; • Net income of $26.3 million and net income per share of $0.22;
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
CareTrust REIT, Inc. reported year ended December 31, 2023 results: net income 53.7 million, EPS 0.50.
- Period
- year ended December 31, 2023
- Net income
- 53.7 million
- EPS
- 0.50
- Result
- reported results
Exact text from the filing
For the year ended December 31, 2023, CareTrust reported net income of $53.7 million, or $0.50 per diluted weighted-average common share,
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
CareTrust REIT, Inc. reported full fiscal year 2024 results: EPS 1.02 to 1.04. Guidance initiated.
- Period
- full fiscal year 2024
- EPS
- 1.02 to 1.04
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
The Company issued guidance for 2024, with Mr. Wagner projecting on a per-diluted weighted-average common share basis net income of approximately $1.02 to $1.04,
View on SEC.gov
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