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Dec 31, 2019
CareTrust REIT Q4 2019 Earnings Report
CareTrust REIT's Q4 2019 results demonstrated solid performance, aligning with 2019 guidance after completing necessary portfolio adjustments.
Key Takeaways
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.
Net income was $20.7 million, or $0.22 per diluted share.
Normalized FFO reached $32.5 million, or $0.34 per diluted share.
Normalized FAD was $34.1 million, or $0.36 per diluted share.
Net debt-to-normalized EBITDA ratio was 3.3x.
Forward Guidance
CareTrust REIT updated its guidance for 2020, projecting a net income of approximately $0.76 to $0.78 per diluted share, normalized FFO of approximately $1.32 to $1.34, and normalized FAD of approximately $1.38 to $1.40.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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