CareTrust REIT (CTRE) Misses Q2 EPS by 19c; updates guidance

CareTrust REIT (NYSE: CTRE) reported Q2 EPS of $0.07, $0.19 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $68.89 million versus the consensus estimate of $53.87 million.

GUIDANCE

The Company updated guidance for 2024, with Mr. Wagner projecting on a per-diluted weighted-average common share basis net income of approximately $0.86 to $0.88, normalized FFO of approximately $1.46 to $1.48, and normalized FAD of approximately $1.50 to $1.52.

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

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