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NASDAQ:CTRE

CareTrust REIT 8/1/2024 Earnings Report

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$28.74 -0.42 (-1.44%)
As of 03:19 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

CareTrust REIT EPS Results

Actual EPS
$0.07
Consensus EPS
$0.36
Beat/Miss
Missed by -$0.29
One Year Ago EPS
$0.35

CareTrust REIT Revenue Results

Actual Revenue
$68.89 million
Expected Revenue
$66.36 million
Beat/Miss
Beat by +$2.53 million
YoY Revenue Growth
N/A

CareTrust REIT Announcement Details

Quarter
Time
After Market Closes
Conference Call Date
N/A
Conference Call Time
N/A

Conference Call Resources

Conference Call Audio

Earnings Conference Call
CareTrust REIT
00:00 / 00:00

CareTrust REIT Earnings Headlines

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About CareTrust REIT

CareTrust REIT (NASDAQ:CTRE)'s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas. As of March 31, 2024, the Company also had other real estate related investments consisting of one preferred equity investment, nine real estate secured loans receivable and four mezzanine loans receivable with a carrying value of $233.3 million.

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