Caretrust Stock Price, News & Analysis

CareTrust REIT (CTRE) reported its operating results for Q4 and full year 2021. Key highlights include:

• Net income of $18.3 million, a 13.3% decrease year-over-year.
• Normalized FFO increased by 9% to $37.3 million.
• 100% of contractual rents collected in 2021.
• Declared quarterly dividends of $0.265 per share.
• Plans to sell or repurpose 32 underperforming assets to de-risk the portfolio.

The company is optimistic about growth in 2022, despite ongoing challenges.

CareTrust REIT (NASDAQ:CTRE) announces it will release its Q4 and full-year 2021 financial results on February 16, 2022, after the market closes. A conference call is scheduled for February 17, 2022, at 1:00 p.m. ET to discuss the results and other updates. Investors can listen via phone or online. CareTrust REIT is a publicly-traded real estate investment trust specializing in the ownership and leasing of skilled nursing and healthcare properties across the U.S. For more information, visit its website.

CareTrust REIT (CTRE) announced the acquisition of Ennis Care Center, a 155-bed nursing facility in the Dallas-Fort Worth area, enhancing its portfolio. This acquisition boosts CareTrust's annual rent revenue from Eduro Healthcare by $815,000 and extends their master lease by four years. Eduro now manages a total of nine facilities under CareTrust's lease, with a remaining term of approximately 12 years and CPI-based rent escalators. The acquisition was funded with cash on hand, reflecting CareTrust's commitment to growth in healthcare real estate.

CareTrust REIT (NASDAQ:CTRE) announced the tax status of its 2021 dividends, reporting a total cash distribution of $1.3100 per share. This includes $0.2650 declared for the quarter ending December 31, 2021, payable on January 15, 2022. Due to exceeding earnings and profits for 2021, this amount will appear on the 2022 Form 1099. Shareholders will receive IRS Form 1099-DIV detailing their dividends and tax classifications. The company advises consulting tax advisors for specific reporting guidance.

CareTrust REIT, Inc. (NASDAQ:CTRE) has declared a quarterly cash dividend of $0.265 per common share, payable on or about January 15, 2022, to stockholders of record as of December 31, 2021. The company is a publicly-traded real estate investment trust focused on the ownership and leasing of skilled nursing and healthcare-related properties across the U.S. CareTrust aims to pursue growth through both external acquisitions and organic development.

CareTrust REIT (Nasdaq:CTRE) has appointed David Sedgwick as CEO, effective January 1, 2022, succeeding Greg Stapley, who will transition to Executive Chairman. Sedgwick, with CareTrust since 2014 and formerly with The Ensign Group, brings extensive healthcare operational experience. Diana M. Laing is appointed Lead Independent Director. The board expressed confidence in Sedgwick's leadership to drive growth and profitability, highlighting a total shareholder return of approximately 156% since the company's spin-off in 2014. The management team remains unchanged during this transition.

CareTrust REIT (CTRE) reported its Q3 2021 financial results, highlighting 96.2% of contractual rents collected. The firm generated a net income of $11.9 million, or $0.12 per share, alongside normalized FFO of $36.7 million, a 13% year-over-year increase. The quarterly dividend remains at $0.265 per share. Notably, skilled nursing occupancy rose from 69.7% in June to 71.5% in September, with almost 60% of facilities nearing pre-pandemic levels. However, labor shortages and rising costs pose challenges. The company updated its 2021 guidance, raising expected FFO to $1.49-$1.50 per share.

CareTrust REIT (NASDAQ:CTRE) announced it will release its third quarter 2021 financial results on November 8, 2021, before U.S. markets open. Management will host a conference call at 2:00 p.m. ET to discuss the results. Interested stakeholders can join by calling (844) 220-4972 for U.S./Canada or (317) 973-4053 internationally, using conference ID 4158737. The call will also be available as a webcast, and a replay will be accessible on the company's website for 30 days. CareTrust REIT focuses on owning and leasing skilled nursing and healthcare-related properties across the U.S.

CareTrust REIT has declared a quarterly cash dividend of $0.265 per common share, payable to shareholders as of September 30, 2021. The dividend is set for payment on or about October 15, 2021. As a self-administered, publicly-traded real estate investment trust, CareTrust focuses on the ownership and leasing of healthcare-related properties. The company is committed to growth through both external acquisitions and organic development across the U.S.