CareTrust REIT Q2 normalized FFO $0.36; YTD investments $764.5M at 9.5% yield

CareTrust REIT, Inc.

2024-Q2 EPS reported $0.28 revenue$131,961,000

Net income $10.8M ($0.07 EPS); normalized FFO $52.5M ($0.36/share); normalized FAD $54.0M ($0.37/share).
Q2 investments $267.7M at 9.9% stabilized yield; YTD $764.5M at 9.5% yield; pipeline ~$270M.
ATM sold 12.1M shares for $306.5M gross; net debt-to-EBITDA 0.4x; $100M cash, $600M undrawn credit line.
2024 guidance: normalized FFO $1.46-$1.48; normalized FAD $1.50-$1.52 per diluted share (146.9M shares).
Quarterly dividend maintained at $0.29/share; payout ratio ~78% of normalized FAD.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.