CareTrust REIT Announces First Quarter 2021 Operating Results
Conference Call Scheduled for Friday, May 7, 2021 at 12:00 pm ET
May 06, 2021 16:12 ET | Source: CareTrust REIT, Inc. CareTrust REIT, Inc. San Clemente, California, UNITED STATES
SAN CLEMENTE, Calif., May 06, 2021 (GLOBE NEWSWIRE) CareTrust REIT, Inc. (Nasdaq:CTRE) today reported operating results for the quarter ended March 31, 2021, as well as other recent events.
For the quarter, CareTrust REIT reported:
100% of contractual rents collected;
Net income of $20.5 million and net income per share of $0.21, a 5.0% increase over the prior year;
Normalized FFO of $34.1 million and normalized FFO per share of $0.36, a 5.5% increase over the prior year;
Normalized FAD of $36.1 million and normalized FAD per share of $0.38, a 7.4% increase over the prior year;
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
CareTrust REIT Grows Again in Southern California
CareTrust REIT, Inc.May 4, 2021 GMT
SAN CLEMENTE, Calif., May 04, 2021 (GLOBE NEWSWIRE) CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it acquired El Centro Post-Acute Center, a 123-bed skilled nursing facility located adjacent to the El Centro Regional Medical Center in El Centro, California. The facility has been added to CareTrust’s existing master lease with San Diego-based Bayshire Senior Communities, which sourced the off-market transaction and turned to CareTrust to finance and close the deal.
Bayshire’s Chief Executive Officer, Scott Kirby, scooped up the El Centro opportunity after the facility had fallen out of contract with a previous buyer. “The seller had aggressive timing expectations after suffering through significant turnover within their management team, a recent COVID outbreak, the general fatigue of