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CareTrust REIT (CTRE)
NYSE:CTRE
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.31Last Year’s EPS
$0.22Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -14.29%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted substantial growth in market cap, investments, and improved financial metrics. However, complexities in deal structures and competitive market conditions pose challenges.Company Guidance
During the third quarter 2024 earnings call for CareTrust REIT (symbol: CTRE), the company provided guidance that highlighted several key metrics and financial achievements. The company announced pending acquisitions totaling approximately $500 million, with an expected stabilized yield of 9%, set to close by year-end. Additionally, the total projected investments for 2024 are expected to exceed $1.4 billion, also with a stabilized yield of 9.3%. The company reported year-over-year market cap growth of 123% and achieved record-setting investments of $917 million at an average yield of 9.4%. CareTrust's liquidity was notably strong, with a net debt-to-EBITDA ratio of 0.08x and $377 million of cash on hand at the end of the quarter. Updated guidance for the year projected normalized FFO per share in the range of $1.49 to $1.50 and normalized FAD per share between $1.53 to $1.54, reflecting the company's robust investment pipeline and strategic growth initiatives.Record Market Cap Growth
Year-over-year market cap growth of 123%, indicating significant expansion.
Substantial Investment Activity
Record-setting investments of approximately $917 million at an average stabilized yield of 9.4%.
Large Portfolio Acquisitions
Pending acquisitions of approximately $500 million in skilled nursing facilities, expected to close by year-end with a 9% stabilized yield.
Strong Financial Metrics
Net debt-to-EBITDA of 0.08x and fixed charge coverage ratio of 9.7x.
Improved Operator Performance
Operators achieving an average of 3 stars versus 2.8 and quality measures performance of 4 stars versus 3.4 industry stars.
Increased FFO and FAD
Normalized FFO increased 66% to $60.9 million and FAD increased 60% to $61.9 million.
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CTRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CTRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $31.92 | $32.81 | +2.79% |
| Aug 01, 2024 | $26.91 | $27.13 | +0.82% |
| May 02, 2024 | $24.78 | $24.45 | -1.33% |
| Feb 08, 2024 | $20.31 | $21.76 | +7.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CareTrust REIT (CTRE) report earnings?
CareTrust REIT (CTRE) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is CareTrust REIT (CTRE) earnings time?
CareTrust REIT (CTRE) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTRE EPS forecast?
CTRE EPS forecast for the fiscal quarter 2024 (Q4) is $0.31.
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