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Dec 31, 2022
CareTrust REIT Q4 2022 Earnings Report
Reported operating results for the quarter and year ended December 31, 2022.
Key Takeaways
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.
95.5% of contractual rents were collected.
Net income was reported at $14.4 million, with a net income per share of $0.15.
Normalized FFO stood at $37.0 million, or $0.38 per share.
A quarterly dividend of $0.275 per share was declared, representing approximately 69% payout ratio on normalized FAD.
CareTrust REIT
CareTrust REIT
Forward Guidance
CareTrust REIT's management discussed the business environment, the company's Q4 results, acquisition opportunities and disposition plans.