NYSE$CTRE

CareTrust REIT Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

CareTrust REIT reported stable portfolio lease coverage and progress on portfolio optimization plan with the sale of the Trio skilled nursing portfolio in September.

CareTrust REIT reported Q3 2022 operating results, including 93.4% contractual rent collection, net income of $0.7 million, normalized FFO of $36.1 million, normalized FAD of $38.0 million, and a quarterly dividend of $0.275 per share.

  • Collected 93.4% of contractual rents.
  • Net income was $0.7 million, with earnings per share of $0.01.
  • Normalized FFO reached $36.1 million, or $0.37 per share.
  • Declared a quarterly dividend of $0.275 per share.

Headline financials

Total Revenue

$50.3M

Previous: $48.6M+3.5%
EPS (adj)

$0.37

Previous: $0.38-2.6%
Net Debt to Annualized Normalized Run Rate EBITDA

4.2

Previous: 3.7+13.5%
Quarterly dividend per common share

$0.28

Previous: $0.27+3.8%
Capital Expenditures

-$21.9M

Previous: -$183M+88.1%
Free Cash Flow

-$21.2M

Previous: -$172M+87.6%
Net Income

$709K

Previous: $11.9M-94.1%
Operating Income

$15.8M

Previous: $29.4M-46.4%
Gross Profit

$46.5M

Previous: $48.6M-4.4%
Cash & Equivalents

$4.86M

Previous: $17.7M-72.6%
Total Assets

$1.65B

Previous: $1.64B+0.1%

Revenue & EPS history

CareTrust REIT · Revenue · Quarterly

$50.3M

Q3 2022+3.5%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

CareTrust REIT is open for business heading into 2023 and are working with current and future operators to continue our history of disciplined growth.

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 Q3 2022

Historical avgQ3 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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