CareTrust REIT reports Q3 normalized FFO 38c, consensus 38c

CareTrust’s President and Chief Executive Officer, Dave Sedgwick, commented on the Company’s 2024 third quarter results. “The large portfolio in Tennessee we announced today is a tremendous way to close out an extraordinary year. We are proud to again support the expansion of some of the country’s best operators who have a proven commitment to caring for the employees, residents, patients, and communities they serve.” Mr. Sedgwick continued, “There has never been a more exciting time for CareTrust. We are on track to invest approximately $1.4 billion at an average yield of approximately 9.3% by the end of the year and the pipeline continues to reload with compelling opportunities to grow and diversify the portfolio further next year. The flywheel is racing.”