CareTrust REIT (CTRE) Misses Q1 EPS by 1c

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CareTrust REIT Announces First Quarter 2019 Operating Results

May 7, 2019 4:06 PM EDT

SAN CLEMENTE, Calif., May 07, 2019 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (Nasdaq: CTRE) today reported operating results for the quarter ended March 31, 2019, as well as other recent events.

For the quarter, CareTrust REIT reported:

Net income of $16.1 million, a quarter-over-quarter increase of 10%, and net income per diluted weighted-average common share of $0.18;Normalized FFO of $27.9 million, a quarter-over-quarter increase of 16%, and normalized FFO per diluted weighted-average common share of $0.32;Normalized FAD of $29.0 million, a quarter-over-quarter increase of 16%, and normalized FAD per diluted weighted-average common share of... More