CareTrust REIT (CTRE) Reports In-Line Q2 EPS; Announces 14-Property Portfolio Acquisition
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August 10, 2015 6:35 AM EDT
SAN CLEMENTE, Calif., Aug. 10, 2015 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (Nasdaq: CTRE) announced that it has commenced a public offering of 14,200,000 shares of its common stock, which is subject to market and other conditions. The Company also intends to grant the underwriters a 30-day option to purchase up to an additional 2,130,000 shares of common stock.
The Company intends to use the net proceeds from this offering to fund a portion of the purchase price of the previously announced acquisition of a 14-facility skilled nursing and assisted living portfolio from affiliates of... More
August 10, 2015 6:35 AM EDT
SAN CLEMENTE, Calif., Aug. 10, 2015 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (Nasdaq: CTRE) announced that it has commenced a public offering of 14,200,000 shares of its common stock, which is subject to market and other conditions. The Company also intends to grant the underwriters a 30-day option to purchase up to an additional 2,130,000 shares of common stock.
The Company intends to use the net proceeds from this offering to fund a portion of the purchase price of the previously announced acquisition of a 14-facility skilled nursing and assisted living portfolio from affiliates of... More
August 10, 2015 6:33 AM EDT
SAN CLEMENTE, Calif., Aug. 10, 2015 (GLOBE NEWSWIRE) -- August 10, 2015) CareTrust REIT, Inc. (NASDAQ: CTRE) today reported operating results for the second quarter of 2015, as well as other significant recent events. Highlights included:
During and after the quarter, CareTrust deployed approximately $32.9 million to acquire three skilled nursing facilities and one assisted living facility, initiating three new net-lease tenant relationships in the process;
Net income was $2.3 million, a sequential increase of more than 11%, resulting in $0.07 per diluted common share;
Normalized FFO was $7.9 million or $0.25 per share, and normalized FAD was $8.8 million or $0.28 per...
More
August 10, 2015 6:33 AM EDT
SAN CLEMENTE, Calif., Aug. 10, 2015 (GLOBE NEWSWIRE) -- August 10, 2015) CareTrust REIT, Inc. (NASDAQ: CTRE) today reported operating results for the second quarter of 2015, as well as other significant recent events. Highlights included:
During and after the quarter, CareTrust deployed approximately $32.9 million to acquire three skilled nursing facilities and one assisted living facility, initiating three new net-lease tenant relationships in the process;
Net income was $2.3 million, a sequential increase of more than 11%, resulting in $0.07 per diluted common share;
Normalized FFO was $7.9 million or $0.25 per share, and normalized FAD was $8.8 million or $0.28 per...
More
