secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001628280-24-034248
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 Q2 normalized FFO $0.36; YTD investments $764.5M at 9.5% yield
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828024034248/0001628280-24-034248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828024034248/ctre-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034248

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer