secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001628280-24-044098
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CareTrust REIT Q3 net income $33.4M; announces $500M Tennessee portfolio acquisition at 9.0% yield
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- Q3 net income $33.4M ($0.21 EPS); normalized FFO $0.38/sh; normalized FAD $0.39/sh.
- Investments of $440.8M in Q3 at 9.1% yield; year-to-date $916.5M at 9.4% yield.
- Entered contract to acquire 31 skilled nursing facilities in TN for $500M (9.0% yield), close by year-end.
- Sold 17.2M ATM shares for $500.1M; net debt/EBITDA 0.08x; $234M cash; prepaid $200M term loan.
- FY2024 guidance: EPS $0.83-0.84, normalized FFO $1.49-1.50, normalized FAD $1.53-1.54.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828024044098/0001628280-24-044098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828024044098/ctre-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044098

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