CareTrust REIT(CTRE)

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CareTrust REIT (CTRE) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-02-09 15:31
CareTrust REIT (CTRE) reported $59.73 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.3%. EPS of $0.36 for the same period compares to $0.15 a year ago.The reported revenue represents a surprise of +8.29% over the Zacks Consensus Estimate of $55.16 million. With the consensus EPS estimate being $0.36, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...
CareTrust REIT Announces Fourth Quarter & Full Year 2023 Operating Results
Businesswire· 2024-02-08 21:11
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter and year ended December 31, 2023, as well as other recent events. For the quarter, CareTrust REIT reported: 100.0% of contractual rents collected, resulting in collections for the year of 97.7%; Net income of $26.3 million and net income per share of $0.22; Normalized FFO of $43.4 million and normalized FFO per share of $0.36; Normalized FAD of $45.4 million and normalized FAD ...
CareTrust REIT(CTRE) - 2023 Q4 - Annual Report
2024-02-07 16:00
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CARETRUST REIT, INC. | --- | --- | --- | |-----------------------------------------------|--------------------------------------------------------------------------------------------------|----------------------| | Name | Title | Date | | /s/ DAVID M. SEDGWICK | President and Chief Executive Officer (P ...
Northwind Group and Care Trust REIT Provide $105 Million in Mezzanine Loans Secured by 25 Skilled Nursing and Assisted Living Properties in Virginia and Missouri
Prnewswire· 2024-02-05 16:29
NEW YORK, Feb. 5, 2024 /PRNewswire/ -- Northwind Group, a real estate private equity firm and debt fund manager, announced today that Northwind Healthcare Debt Fund II led the origination of two mezzanine loans totaling $105 million secured by two portfolios of 25 properties comprised of 2,920 skilled nursing beds and 186 assisted living units located in Virginia and Missouri. Care Trust REIT, Inc (NYSE: CTRE) participated with $44.8 million in the mezzanine loans and Deutsche Bank led $310 million in senio ...
CareTrust REIT: Fat, Stable Yield With Upside
Seeking Alpha· 2024-02-05 14:10
koya79 Healthcare REITs have started slow in 2024, with total return down (-4.43)%, compared to the equity REIT average (-3.58)%. Meanwhile, the S&P 500, Dow, and Nasdaq 100 are all in positive territory. Hoya Capital Income Builder In its recent report on the Healthcare REIT sector, Hoya Capital had this to say: For Senior Housing REITs, the long-awaited recovery is finally taking hold. Robust rent growth is being fueled by rising resident incomes from record-high Cost-of-Living-Adjustments (“COLA”) ...
CareTrust REIT Provides $52 Million in Mezzanine Financings
Businesswire· 2024-02-05 11:01
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has participated in the origination of over $52 million in mezzanine loans secured by three portfolios of 26 properties comprised of 3,050 skilled nursing beds and 186 assisted living units located in Virginia, Missouri, and California. CareTrust’s participation in the Virginia and Missouri mezzanine financings was done alongside a co-lender: the Northwind Group, whose healthcare portfolio includes investments ...
CareTrust REIT, Inc. Announces Tax Treatment of 2023 Dividends
Businesswire· 2024-01-23 21:05
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) reported today the tax status of its 2023 dividends paid to shareholders. Details on the classifications of the dividends are included in the table below: DISTRIBUTIONS ON CARETRUST COMMON STOCK Box 1a Box 1b Box 2a Box 2b Box 3 Box 5 RecordDate PaymentDate DistributionPer Share TaxableDistributionPer Share OrdinaryDividend QualifiedDividend(Included inBox 1a) CapitalGain Distr. Unrecap.Section1250 Gain(Include ...
CareTrust REIT(CTRE) - 2023 Q3 - Earnings Call Transcript
2023-11-10 18:52
CareTrust REIT, Inc. (NYSE:CTRE) Q3 2023 Earnings Conference Call November 10, 2023 1:00 PM ET Company Participants Lauren Beale - Senior Vice President & Controller Dave Sedgwick - President & Chief Executive Officer James Callister - Chief Investment Officer Bill Wagner - Chief Financial Officer Conference Call Participants Connor Siversky - Wells Fargo Austin Wurschmidt - KeyBanc Capital Markets Michael Carroll - RBC Capital Markets Juan Sanabria - BMO Capital Market Operator Good day, everyone, and welc ...
CareTrust REIT(CTRE) - 2023 Q3 - Earnings Call Presentation
2023-11-10 17:51
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CareTrust REIT(CTRE) - 2023 Q3 - Quarterly Report
2023-11-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Table of Contents Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36181 CareTrust REIT, Inc. (Exact name of registrant as specified in its charter) Maryland 46-3999490 (St ...