CareTrust REIT Q3 Normalized FFO Per Share $0.35 Down From $0.37 YoY, Sales $55.88M Beat $51.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
CareTrust REIT reported Q3 Normalized FFO per share of $0.35, a decrease of 5.41% YoY. However, the company's quarterly sales of $55.88M beat the analyst consensus estimate of $51.95M by 7.56%, marking an 11.10% increase YoY.
November 09, 2023 | 9:28 pm
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NEUTRAL IMPACT
CareTrust REIT's Q3 earnings show a decrease in Normalized FFO per share but an increase in sales, beating estimates.
While CareTrust REIT's Normalized FFO per share has decreased, the company has reported an increase in sales, beating analyst estimates. This mixed result could lead to neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100