CareTrust REIT Announces Fourth Quarter and Full Year 2016 Operating Results
www.bloomberg.com/press-releases/...ar-2016-operating-results
Auszug:
For the quarter, CareTrust REIT:
* Posted net income of $0.14, normalized FFO of $0.28 and normalized FAD of
$0.29, all per diluted weighted-average common share;
* Raised $80.9 million net proceeds in an underwritten public equity
offering;
* Acquired four properties (consisting of three skilled nursing facilities
and one skilled nursing campus) and initiated a new net-lease tenant
relationship with Priority Management Group; and
* Invested approximately $95.9 million (inclusive of transaction costs) at a
blended initial cash yield of 8.9%.
For the full year 2016, CareTrust REIT:
* Posted net income of $0.52, normalized FFO of $1.10 and normalized FAD of
$1.17, all per diluted weighted-average common share;
* Raised $186.7 million net proceeds in two underwritten public equity
offerings;
* Acquired 33 properties (consisting of 17 skilled nursing facilities, 13
assisted living facilities, and three skilled nursing campuses), initiated
seven new net-lease tenant relationships, and expanded four existing
net-lease tenant relationships;
* Made two preferred equity investments to develop two skilled nursing
facilities, both of which are currently under construction;
* Invested approximately $288.0 million (inclusive of transaction costs) at
a blended initial cash yield of 9.0%; and
* Garnered multiple credit rating increases, with Moody's raising both its
corporate credit rating on CareTrust REIT and its rating on CareTrust
REIT's 5.875% Senior Unsecured Notes to B1 (from B2), each with a stable
outlook, and Standard & Poor's raising both its corporate credit rating on
CareTrust to B+ (from B), with a stable outlook, and its issue rating on
CareTrust REIT's 5.875% Senior Unsecured Notes to BB- (from B+).
