secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001628280-24-020001
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 Q1 net income $0.22/sh; normalized FFO $0.35/sh; dividend raised 3.6% to $0.29
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828024020001/0001628280-24-020001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828024020001/ctre-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-020001

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