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CareTrust REIT Q2 Normalized FFO, Revenue Rise
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CareTrust REIT Q2 Normalized FFO, Revenue Rise
Aug 2, 2024 1:21 AM

04:02 AM EDT, 08/02/2024 (MT Newswires) -- CareTrust REIT ( CTRE ) reported late Thursday Q2 normalized funds from operations of $0.36 per share, up from $0.35 a year earlier.

Revenue for the quarter ended June 30 was $68.9 million, up from $51.6 million a year earlier.

Three analysts polled by Capital IQ expected $63.2 million.

For 2024, the company now expects normalized FFO of $1.46 to $1.48 per share, compared with previously issued guidance of $1.42 to $1.44 per share. Analysts polled by Capital IQ expect $1.49 per share.

Price: 27.16, Change: -0.01, Percent Change: -0.04

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