The healthcare real estate firm reported $161.3M in revenue, exceeding expectations as FFO matched projections at $0.51 per share.
CareTrust REIT posted Q2 revenue of $161.3M, beating estimates by $5.16M and rising 43.4% year-over-year. Funds from operations (FFO) held steady at $0.51 per share, in line with forecasts.
Normalized funds available for distribution (FAD) reached $118.5 million, with per-share FAD climbing 19% to $0.51. The increase of $0.08 per share reflects stronger operational performance compared to the prior-year quarter.
Shares showed limited movement in after-hours trading as results aligned with key metrics.