CareTrust REIT Earnings Reports

CareTrust REIT delivered strong first quarter 2025 results, with significant increases in net income and revenue compared to the previous year. The company also increased its quarterly dividend and announced the pending strategic acquisition of Care REIT plc, which is expected to close in May 2025.

CareTrust REIT delivered a record quarter with strong revenue and net income growth, driven by strategic investments and high rent collection.

CareTrust REIT reported a strong third quarter with significant investments, ATM program proceeds, and debt prepayment. The company's net income was $33.4 million, and normalized FFO reached $60.9 million. They are on track to invest approximately $1.4 billion at an average yield of approximately 9.3% by the end of the year.

CareTrust REIT announced its second quarter results, which included investments of $267.7 million, 98.3% contractual rent collection, and net income of $10.8 million. The company also updated its 2024 guidance, projecting net income per share of approximately $0.86 to $0.88.

CareTrust REIT reported a net income of $28.7 million, normalized FFO of $46.5 million, and normalized FAD of $48.7 million for the quarter ended March 31, 2024. The company sold 11.6 million shares under its ATM Program for gross proceeds of $273.2 million and collected 98.0% of contractual rent and interest.

CareTrust REIT reported net income of $26.3 million, or $0.22 per diluted share, and normalized FFO of $43.4 million, or $0.36 per diluted share, for the fourth quarter of 2023. The company collected 100% of contractual rents and invested $43.2 million during the quarter. They ended the year with approximately $294 million in cash.

CareTrust REIT reported a net income of $8.7 million, or $0.08 per diluted share, normalized FFO of $36.6 million, or $0.35 per diluted share, and normalized FAD of $38.8 million, or $0.37 per diluted share for the quarter ended September 30, 2023. The company collected 97.5% of contractual rents and maintained a quarterly dividend of $0.28 per share.

CareTrust REIT reported a net loss of $0.5 million, normalized FFO of $34.6 million, and normalized FAD of $36.1 million for the quarter ended June 30, 2023. The company acquired 12 properties for $173.5 million, commenced six new operator relationships, originated a $26.0 million loan investment, and sold 6.7 million shares on a forward basis under its ATM Program for expected net proceeds of $131.1 million.

CareTrust REIT reported a net income of $19.2 million, normalized FFO of $35.0 million, normalized FAD of $36.6 million, and increased the quarterly dividend to $0.28 per share.

CareTrust REIT reported a net income of $14.4 million, normalized FFO of $37.0 million, and normalized FAD of $39.0 million for the fourth quarter of 2022. The company collected 95.5% of contractual rents and declared a quarterly dividend of $0.275 per share.

CareTrust REIT reported Q3 2022 operating results, including 93.4% contractual rent collection, net income of $0.7 million, normalized FFO of $36.1 million, normalized FAD of $38.0 million, and a quarterly dividend of $0.275 per share.

CareTrust REIT reported a stable second quarter with 93.9% of contractual rents collected. Net income was $20.7 million, or $0.21 per share, and normalized FFO was $35.6 million, or $0.37 per share. The company also declared a quarterly dividend of $0.275 per share.

CareTrust REIT reported a net loss of $43.3 million, or $(0.45) per diluted share, normalized FFO of $35.9 million, or $0.37 per diluted share, and normalized FAD of $37.9 million, or $0.39 per diluted share for the quarter ended March 31, 2022. 95% of contractual rents were collected. The company acquired a 155-bed skilled nursing facility in Ennis, Texas for $8.9 million and a skilled nursing campus in Decatur, Illinois for $13.1 million.

CareTrust REIT announced Q4 2021 operating results, reporting 100% contractual rent collection, net income of $18.3 million, normalized FFO of $37.3 million, and a quarterly dividend of $0.265 per share.

CareTrust REIT reported a net income of $11.9 million, or $0.12 per share, normalized FFO of $36.7 million, and normalized FAD of $39.0 million for the quarter ended September 30, 2021. The company collected 96.2% of contractual rents and declared a quarterly dividend of $0.265 per share.

CareTrust REIT reported a strong second quarter with 100% contractual rents collected, a 12.6% increase in net income, and increases in normalized FFO and FAD. The company also updated its annual guidance, projecting normalized FFO of approximately $1.48 to $1.50 per share and normalized FAD of approximately $1.57 to $1.59 per share.

CareTrust REIT reported strong first-quarter results, including 100% contractual rent collections, a 5.0% increase in net income per share, and a 7.4% increase in normalized FAD per share. The company also increased its annual dividend and 2021 guidance.

CareTrust REIT reported a positive Q4 2020 with net income of $21.1 million, normalized FFO of $34.2 million, and normalized FAD of $35.7 million. The company collected 99.3% of contract rents in 2020 and experienced no rent leakage in connection with one operator change.

CareTrust REIT reported a net income of $21.6 million, normalized FFO of $32.5 million, and normalized FAD of $33.9 million for the quarter ended September 30, 2020. The company's net debt-to-normalized EBITDA ratio was 3.1x, and net debt-to-enterprise value was 22.0% at quarter-end.

CareTrust REIT reported a net income of $18.9 million, normalized FFO of $32.1 million, and normalized FAD of $33.6 million for the second quarter of 2020. The company's net debt-to-normalized EBITDA ratio was 3.2x, and net debt-to-enterprise value was 23.1% at quarter-end. The company collected 99.5% of contract rents in the second quarter.

CareTrust REIT reported a net income of $19.3 million, normalized FFO of $32.3 million, and normalized FAD of $33.7 million for the quarter ended March 31, 2020. The company collected 99.3% of contract rents in April and expects a similar result in May. They also increased the quarterly dividend from $0.225 to $0.25 per common share.

CareTrust REIT reported a net income of $20.7 million for the fourth quarter of 2019. The company's normalized FFO stood at $32.5 million, and normalized FAD reached $34.1 million. The net debt-to-normalized EBITDA ratio was 3.3x.