secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001628280-24-003868
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CareTrust REIT Q4 normalized FFO $0.36/sh; guides FY2024 FFO $1.43-$1.45
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828024003868/0001628280-24-003868-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828024003868/ctre-20240208.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-003868

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