CareTrust REIT (CTRE) Reports In-Line Q3 EPS; Updates Guidance

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Go back to CareTrust REIT (CTRE) Reports In-Line Q3 EPS; Updates Guidance

CareTrust REIT Announces Third Quarter 2018 Operating Results; Updates 2018 Guidance

November 5, 2018 4:05 PM EST

Conference Call Scheduled for Tuesday, November 6, 2018 at 2:00 pm ET

SAN CLEMENTE, Calif., Nov. 05, 2018 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (Nasdaq: CTRE) today reported operating results for the quarter ended September 30, 2018, as well as other recent events.

For the quarter, CareTrust REIT reported:

Net income of $14.5 million, an increase of 28% over the prior year quarter, and net income per diluted weighted-average common share of $0.18, up approximately 20% over the same period;Normalized FFO of $25.8 million, an increase of 20%, and normalized FFO per diluted weighted-average... More