CareTrust REIT Updates Guidance For 2024, With Mr. Wagner Projecting On A Per-Diluted Weighted-Average Common Share Basis Net Income Of ~$0.83-$0.84, Normalized FFO Of ~$1.49-$1.50, And Normalized FAD Of ~$1.53-$1.54
Portfolio Pulse from Benzinga Newsdesk
CareTrust REIT has updated its 2024 financial guidance, projecting net income of $0.83-$0.84, normalized FFO of $1.49-$1.50, and normalized FAD of $1.53-$1.54 per diluted share. The guidance is based on current investments, expected acquisitions, and no new debt or equity issuances.
October 29, 2024 | 8:19 pm
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CareTrust REIT has updated its 2024 guidance, projecting net income of $0.83-$0.84, normalized FFO of $1.49-$1.50, and normalized FAD of $1.53-$1.54 per share. The guidance assumes no new debt or equity issuances and includes a Northeast acquisition expected in November 2024.
The updated guidance provides a clear financial outlook for 2024, which is likely to positively influence investor sentiment. The projections are based on stable assumptions, including no new debt or equity issuances, which suggests financial stability. The expected Northeast acquisition could also contribute positively to future earnings.
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