CareTrust REIT reports Q2 normalized FFO 36c, consensus 36c

CareTrust’s President and Chief Executive Officer, Dave Sedgwick, commented on the Company’s 2024 second quarter results: “We were happy to celebrate our ten-year anniversary milestone in June with a record-breaking annual investment milestone and a total shareholder return of 247% since inception. And, we are thrilled to see the momentum build with a major transaction announced today and a reloaded pipeline of $270 million of real estate acquisitions.” Mr. Sedgwick continued, “I’m not sure what’s more remarkable, that we have hit $765 million in new investments year-to-date or that it feels like we’re just getting started.”