NYSE$CTRE

CareTrust REIT Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported operating results for the second quarter of 2022.

CareTrust REIT reported a stable second quarter with 93.9% of contractual rents collected. Net income was $20.7 million, or $0.21 per share, and normalized FFO was $35.6 million, or $0.37 per share. The company also declared a quarterly dividend of $0.275 per share.

  • 93.9% of contractual rents were collected.
  • Net income was $20.7 million, with earnings per share of $0.21.
  • Normalized FFO was $35.6 million, a 0.7% decrease over the prior year, and normalized FFO per share was $0.37.
  • A quarterly dividend of $0.275 per share was declared, representing a payout ratio of approximately 71% on normalized FAD.

Headline financials

Total Revenue

$47.6M

Previous: $48.3M-1.5%
EPS (adj)

$0.37

Previous: $0.37+0.0%
Net Debt to Annualized Normalized Run Rate EBITDA

4.3

Previous: 3.7+16.2%
Quarterly dividend per common share

$0.28

Previous: $0.27+3.8%
Capital Expenditures

-$21.9M

Previous: -$148M+85.2%
Free Cash Flow

-$1.25M

Previous: -$126M+99.0%
Net Income

$20.7M

Previous: $21.3M-3.0%
Operating Income

$27.2M

Previous: $28.6M-4.8%
Gross Profit

$47.5M

Previous: $48.3M-1.6%
Cash & Equivalents

$30.3M

Previous: $1.77M+1609.0%
Total Assets

$1.69B

Previous: $1.91B-11.9%

Revenue & EPS history

CareTrust REIT · Revenue · Quarterly

$47.6M

Q2 2022-1.5%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

CareTrust is not issuing guidance for this year due to the ongoing asset management plan and the need for more visibility into the timing of dispositions and possible re-tenanting work.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.5%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+3.1%

Avg return

30 days after

58%

30 / 52 earnings

Positive

+11.7%

Q1 2020

Best reaction

-9.4%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.7%+7.5%-3.9%
Q4 2025-0.3%+0.0%-0.3%
Q3 2025-1.2%+1.4%+4.7%
Q1 2025+0.8%+1.4%+1.5%
Q4 2024+3.7%+1.5%+11.1%
Q3 2024+4.8%+3.4%-4.5%
Q2 2024+1.6%+1.6%+10.8%
Q1 2024+0.2%-0.2%+2.6%
Q4 2023+9.0%+9.3%+12.7%
Q3 2023+3.5%+7.0%+5.2%
Q2 2023+0.3%+0.8%+0.3%
Q1 2023+1.7%+1.5%+0.6%
Q4 2022-0.6%+0.3%-6.6%
Q3 2022-1.9%+3.4%+5.2%
Q2 2022-1.2%+2.3%-0.6%
Q1 2022-0.5%-4.8%+5.6%
Q4 2021-6.3%-6.9%-3.7%
Q3 2021+0.1%-1.6%+7.3%
Q2 2021+2.7%-1.1%-2.0%
Q1 2021+2.9%+1.6%+3.4%
Q4 2020+0.1%-0.7%+3.0%
Q3 2020+0.9%+9.1%+16.3%
Q2 2020+4.0%+5.1%+7.7%
Q1 2020+11.7%+8.5%+27.5%
Q4 2019+2.2%+0.7%-44.8%
Q3 2019-8.6%-12.2%-4.7%
Q2 2019-0.7%-0.5%+6.4%
Q1 2019-1.5%+0.6%-1.9%
Q4 2018+1.4%+2.6%+9.2%
Q3 2018+8.1%+10.5%+12.9%
Q2 2018+0.7%+5.6%+9.1%
Q1 2018+7.6%+7.0%+18.1%
Q4 2017-9.4%-9.6%-8.3%
Q3 2017-4.4%-4.7%-9.8%
Q2 2017+0.5%-0.7%+6.3%
Q1 2017-3.0%-0.8%+8.0%
Q4 2016+2.3%+2.0%-1.5%
Q3 2016-3.6%+0.6%+6.7%
Q2 2016+4.4%+5.9%+11.2%
Q1 2016-0.7%
Q4 2015+2.4%
Q3 2015-5.4%
Q2 2015-8.4%
Q1 2014+7.6%
Q1 2015+7.6%
Q4 2014-2.6%
Q1 2013+1.6%
Q3 2014+7.5%
Q3 2013+7.5%
Q2 2014-6.8%
Q4 2013-6.8%
Q2 2013-6.8%
Q4 2012
Q3 2012

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