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Sep 30, 2022
CareTrust REIT Q3 2022 Earnings Report
CareTrust REIT reported stable portfolio lease coverage and progress on portfolio optimization plan with the sale of the Trio skilled nursing portfolio in September.
Key Takeaways
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.
Collected 93.4% of contractual rents.
Net income was $0.7 million, with earnings per share of $0.01.
Normalized FFO reached $36.1 million, or $0.37 per share.
Declared a quarterly dividend of $0.275 per share.
CareTrust REIT
CareTrust REIT
Forward Guidance
CareTrust REIT is open for business heading into 2023 and are working with current and future operators to continue our history of disciplined growth.