earnings
confidence high
sentiment positive
materiality 0.75
CareTrust REIT Q4 net income $52.1M ($0.29 EPS); normalized FFO $0.40/share; guides 2025 FFO $1.68-1.72
CareTrust REIT, Inc.
2024-FY EPS reported
$0.80
revenue$296,286,000
- Q4 investments $696.5M at 9.9% stabilized yield; pipeline ~$325M; post-quarter investments $26.8M at 10.6%.
- Sold 15.9M shares at $32 for $507.8M gross; upsized credit line to $1.2B; new $750M ATM available.
- FY2024 normalized FFO $232.9M ($1.50/share); normalized FAD $238.8M ($1.54/share).
- 2025 guidance: net income $1.35-1.39, normalized FFO $1.68-1.72, normalized FAD $1.72-1.76 per share.
- Quarterly dividend maintained at $0.29/share (71% payout on normalized FAD); agency upgraded unsecured notes to investment grade.