CareTrust REIT reports Q2 FFO 35c, consensus 35c

Reports Q2 revenue $51.55M, consensus $51.5M. The company said, “We are pleased to not only report $173 million of new investments and six new operator relationships but also to report that we have largely funded those investments with equity via ATM forward contracts. We have announced new investments every month since March and yet we sit here today with ample dry powder to continue to grow the portfolio. The investment pipeline today is roughly $150 million and is composed mostly of skilled nursing acquisitions.”