CareTrust REIT (CTRE) Reports In-Line Q3 EPS; Updates Guidance

CareTrust REIT (NASDAQ: CTRE) reported Q3 EPS of $0.18, in-line with the analyst estimate of $0.18. Normalized FFO of $25.8 million, an increase of 20%, and normalized FFO per diluted weighted-average common share of $0.32, an increase of 14% over Q3 2017.

GUIDANCE:

Mr. Wagner updated CareTrust REIT's 2018 earnings guidance, projecting on a per-diluted weighted-average common share basis, net income of approximately $0.72 to $0.73, normalized FFO of approximately $1.27 to $1.28, and normalized FAD of approximately $1.32 to $1.33. He noted that the 2018 guidance is based on a diluted weighted-average common share count of 79.4 million shares and assumes no new acquisitions beyond those made to date, no new debt incurrences or new equity issuances, and 2.0% CPI-based rent escalators under CareTrust REIT's long-term net leases.

For earnings history and earnings-related data on CareTrust REIT (CTRE) click here.

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