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Mar 31, 2022
CareTrust REIT Q1 2022 Earnings Report
Reported operating results for the quarter ended March 31, 2022.
Key Takeaways
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.
95% of contractual rents collected.
Net loss of $43.3 million and net loss per share of $0.45.
Normalized FFO of $35.9 million, a 5.2% increase over the prior year, and normalized FFO per share of $0.37.
A quarterly dividend of $0.275 per share, representing a payout ratio of approximately 71% on normalized FAD.
Forward Guidance
While progress has been made on the disposition strategy laid out last quarter, we need more visibility into the execution of dispositions and possible re-tenanting work over the coming months before issuing guidance for this year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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