CareTrust REIT Q2 2022 Earnings Report
Key Takeaways
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.
93.9% of contractual rents were collected.
Net income was $20.7 million, with earnings per share of $0.21.
Normalized FFO was $35.6 million, a 0.7% decrease over the prior year, and normalized FFO per share was $0.37.
A quarterly dividend of $0.275 per share was declared, representing a payout ratio of approximately 71% on normalized FAD.
CareTrust REIT
CareTrust REIT
Forward Guidance
CareTrust is not issuing guidance for this year due to the ongoing asset management plan and the need for more visibility into the timing of dispositions and possible re-tenanting work.