CareTrust REIT Announces Quarterly Dividend of $0.25 per Share; Strong Q4 Collections

Rhea-AI Summary

On December 17, 2020, CareTrust REIT (NASDAQ:CTRE) declared a quarterly cash dividend of $0.25 per share, to be paid on or about January 15, 2021, to shareholders of record as of December 31, 2020. Despite the challenges posed by the COVID-19 pandemic, the company reported a 99.7% collection rate of its contractual cash rents for the fourth quarter. This strong performance highlights the adaptability and resilience of CareTrust's tenants in a difficult economic climate.

Positive

• Declared quarterly dividend of $0.25 per share.
• 99.7% collection rate of contractual cash rents in Q4.

Negative

• None.

News Market Reaction – CTRE

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In the trading session that priced this news, CTRE declined 1.53%, reflecting a mild negative market reaction.

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SAN CLEMENTE, Calif., Dec. 17, 2020 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.25 per common share.

Greg Stapley, CareTrust’s Chairman and Chief Executive Officer, reported that CareTrust collected 99.7% of its contractual cash rents for the fourth quarter. “Despite the ongoing COVID-19 pandemic, our outstanding tenants are finding ways to adapt and thrive,” he said. He noted that the company expects to pay the quarterly dividend on or about January 15, 2021, to common stockholders of record as of the close of business on December 31, 2020.

About CareTrust REIT™

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States. More information about CareTrust REIT is available at www.caretrustreit.com.

Contact:
CareTrust REIT, Inc.
(949) 542-3130
ir@caretrustreit.com

FAQ

What is the dividend amount declared by CareTrust REIT (CTRE)?

CareTrust REIT declared a quarterly cash dividend of $0.25 per common share.

When will CareTrust REIT pay its dividend?

The dividend will be paid on or about January 15, 2021.

What percentage of cash rents did CareTrust REIT collect in Q4?

CareTrust REIT collected 99.7% of its contractual cash rents in the fourth quarter.

Who are the tenants of CareTrust REIT?

CareTrust REIT's tenants include skilled nursing and senior housing operators.