CareTrust REIT (CTRE) Tops Q1 EPS by 4c

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Go back to CareTrust REIT (CTRE) Tops Q1 EPS by 4c

CareTrust REIT, Inc. Announces First Quarter 2015 Operating Results; Updates Guidance

May 12, 2015 4:31 PM EDT

SAN CLEMENTE, Calif., May 12, 2015 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (Nasdaq: CTRE) today reported operating results for the first quarter of 2015. Highlights included:

During and after the quarter, CareTrust deployed approximately $27.1 million to acquire two skilled nursing facilities, initiating two new net-lease tenant relationships in the process; The company declared a regular quarterly dividend of $0.16 per common share to shareholders of record as of March 31, 2015; Net income was $2.0 million, or $0.06 per diluted common share for the quarter ended March 31, 2015; Normalized FFO or funds from operations was $7.6 million or... More