NYSE$CTRE

CareTrust REIT Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported operating results for the quarter and year ended December 31, 2022.

CareTrust REIT reported a net income of $14.4 million, normalized FFO of $37.0 million, and normalized FAD of $39.0 million for the fourth quarter of 2022. The company collected 95.5% of contractual rents and declared a quarterly dividend of $0.275 per share.

  • 95.5% of contractual rents were collected.
  • Net income was reported at $14.4 million, with a net income per share of $0.15.
  • Normalized FFO stood at $37.0 million, or $0.38 per share.
  • A quarterly dividend of $0.275 per share was declared, representing approximately 69% payout ratio on normalized FAD.

Headline financials

Total Revenue

$51.8M

Previous: $49.7M+4.2%
EPS (adj)

$0.38

Previous: $0.39-2.6%
Net Debt to Annualized Normalized Run Rate EBITDA

3.7

No prior period
Quarterly dividend per common share

$0.28

Previous: $0.27+3.8%
Net Income

$14.4M

Previous: $18.3M-21.3%
Operating Income

$18.4M

Previous: $18.3M+1.0%
Gross Profit

$46M

Previous: $48M-4.2%
Cash & Equivalents

$13.2M

Previous: $19.9M-33.8%
Total Assets

$1.62B

Previous: $1.64B-1.2%

Revenue & EPS history

CareTrust REIT · Revenue · Quarterly

$51.8M

Q4 2022+4.2%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

CareTrust REIT's management discussed the business environment, the company's Q4 results, acquisition opportunities and disposition plans.

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 Q4 2022

Historical avgQ4 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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