CareTrust REIT (CTRE) Misses Q1 EPS by 1c

CareTrust REIT (NASDAQ: CTRE) reported Q1 EPS of $0.18, $0.01 worse than the analyst estimate of $0.19.

• Net income of $16.1 million, a quarter-over-quarter increase of 10%, and net income per diluted weighted-average common share of $0.18;
• Normalized FFO of $27.9 million, a quarter-over-quarter increase of 16%, and normalized FFO per diluted weighted-average common share of $0.32;
• Normalized FAD of $29.0 million, a quarter-over-quarter increase of 16%, and normalized FAD per diluted weighted-average common share of $0.33;
• A net debt-to-normalized EBITDA ratio of 3.3x, and a net debt-to-enterprise value of 18%, each as of quarter-end.

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

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