Published on 8 Feb 2024 on GuruFocus.com via Yahoo Finance
CareTrust REIT Inc. Reports Solid Year-End Earnings with Net Income Growth and Strong ...
Net Income: $26.3 million for Q4 and $53.7 million for the full year 2023.Normalized FFO: $43.4 million for Q4 and $149.6 million for the full year 2023.Normalized FAD: $45.4 million for Q4 and $156.8 million for the full year 2023.Dividend: Quarterly dividend declared at $0.28 per common share.Investment Activity: $288.1 million invested during the year at an estimated stabilized yield of 9.8%.Debt Metrics: Net Debt to Annualized Normalized Run Rate EBITDA of 1.4x.Guidance: 2024 net income projected between $1.02 to $1.04 per diluted share.
Warning! GuruFocus has detected 5 Warning Sign with CTRE.
On February 8, 2024, CareTrust REIT Inc (NYSE:CTRE) released its 8-K filing, announcing its operating results for the fourth quarter and full year ended December 31, 2023. The company, a self-administered, publicly-traded real estate investment trust (REIT), is engaged in the ownership, acquisition, development, and leasing of healthcare-related properties.