---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-020001"
form_type: "8-K"
ticker: "CTRE"
cik: "0001590717"
company_name: "CareTrust REIT, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:29:43.802887+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CareTrust REIT Q1 net income $0.22/sh; normalized FFO $0.35/sh; dividend raised 3.6% to $0.29

## Summary
- Q1 net income $28.7M ($0.22/sh); normalized FFO $0.35/sh; normalized FAD $0.37/sh.
- Invested $118.8M in Q1 ($206.5M YTD) at est. stabilized yields 11.1%/10.5%; pipeline $260M.
- Quarterly dividend raised 3.6% to $0.29/sh; payout ratio 78% on normalized FAD.
- Sold 11.6M shares via ATM for gross $273.2M; net debt/EBITDA 0.6x; $345M cash; no revolver borrowings.
- 2024 guidance: net income $1.01-$1.03/sh; normalized FFO $1.42-$1.44/sh; normalized FAD $1.46-$1.48/sh.

## SEC filing metadata
- accession: 0001628280-24-020001
- form_type: 8-K
- ticker: CTRE
- cik: 0001590717
- company_name: CareTrust REIT, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590717/000162828024020001/0001628280-24-020001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590717/000162828024020001/ctre-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-020001
- JSON: https://secwatch.observer/filing/0001628280-24-020001.json
- Plain text: https://secwatch.observer/filing/0001628280-24-020001.txt

## Key facts
- Earnings Releases
  CareTrust REIT, Inc. reported first quarter ended March 31, 2024 results: net income net income of $28.7 million, EPS normalized FFO per share of $0.35.
  - Period: first quarter ended March 31, 2024
  - Net income: net income of $28.7 million
  - EPS: normalized FFO per share of $0.35
  - Result: reported results
  source text: For the quarter, CareTrust REIT reported: • Investments of $118.8 million during the quarter and $206.5 million year-to-date at an estimated stabilized yield of 11.1% and 10.5%, respectively, after rent ramps under the applicable leases are completed; • 11.6 million shares sold under its ATM Program for gross proceeds of $273.2 million; • 98.0% of contractual rent and interest collected; • Net income of $28.7 million and net income per share of $0.22;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590717/000162828024020001/0001628280-24-020001-index.htm
- Earnings Releases
  CareTrust REIT, Inc. reported first quarter ended March 31, 2024 results: net income net income of $28.7 million, EPS normalized FFO per share of $0.35.
  - Period: first quarter ended March 31, 2024
  - Net income: net income of $28.7 million
  - EPS: normalized FFO per share of $0.35
  - Result: reported results
  source text: CareTrust reported net income of $28.7 million, or $0.22 per diluted weighted-average common share, normalized FFO of $46.5 million, or $0.35 per diluted weighted-average common share, and normalized FAD of $48.7 million, or $0.37 per diluted weighted-average common share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590717/000162828024020001/0001628280-24-020001-index.htm
- Earnings Releases
  CareTrust REIT, Inc. reported full year 2024 results: EPS net income of approximately $1.01 to $1.03. Guidance reaffirmed.
  - Period: full year 2024
  - EPS: net income of approximately $1.01 to $1.03
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The Company updated guidance for 2024, with Mr. Wagner projecting on a per-diluted weighted-average common share basis net income of approximately $1.01 to $1.03, normalized FFO of approximately $1.42 to $1.44, and normalized FAD of approximately $1.46 to $1.48.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590717/000162828024020001/0001628280-24-020001-index.htm
- Earnings Releases
  CareTrust REIT, Inc. reported quarter ended March 31, 2024 results: net income net income of $28.7 million, EPS normalized FAD per share of $0.37.
  - Period: quarter ended March 31, 2024
  - Net income: net income of $28.7 million
  - EPS: normalized FAD per share of $0.37
  - Result: reported results
  source text: Normalized FAD of $48.7 million and normalized FAD per share of $0.37;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590717/000162828024020001/0001628280-24-020001-index.htm

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