It makes investments in healthcare-related real estate assets. No warranties, expressed or implied, are provided for the business data on this site, its use, or its interpretation. However, since real estate values have historically risen or fallen with market and other conditions, presentations of operating results for a REIT that uses historical cost accounting for depreciation could be less informative.
Further, the Company’s computation of EBITDA and Normalized EBITDA may not be comparable to EBITDA and Normalized EBITDA reported by other REITs.Mr. The revised guidance assumes no new acquisitions beyond those made to date, no new debt incurrences or new equity issuances, and no future rent escalations on CareTrust’s long-term leases. Because the historical cost accounting convention used for real estate assets requires straight-line depreciation except on land, such accounting presentation implies that the value of real estate assets diminishes predictably over time. More information about CareTrust is available at www.caretrustreit.com.FAD is defined as FFO excluding non-cash expenses, such as stock-based compensation expense, amortization of deferred financing costs and the effects of straight-line rent. Topics @ CreditEdge » Dealing with Fallen Angel Risk » Navigating Choppy Markets - Safety-First Equity Strategies Based on Credit Risk Signals » EDF Measures as Overlays to Credit Ratings » Using CreditEdge to Search for Yield in US Corporate Bond Markets Our management team has significant healthcare, real estate and public real estate investment trust, or REIT, experience and has long-established relationships with a wide range of healthcare providers, which we believe provide us a competitive advantage in sourcing growth opportunities that produce attractive risk-adjusted returns. Normalized EBITDA represents EBITDA as further adjusted to eliminate the impact of certain items that the Company does not consider indicative of core operating performance, such as costs associated with the spin-off, impairments, and gains or losses on the sale of real estate.
To listen to the call online, or to view any financial or other statistical information required by SEC Regulation G, please visit the Investors section of the CareTrust website at http://investor.caretrustreit.com. The Company computes FFO in accordance with NAREIT’s definition.This article has been provided by Nasdaq Globe Newswire.A conference call will be held on Thursday, November 3, at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time), during which CareTrust’s management will discuss the Company’s third quarter 2016 results, recent developments and other matters affecting the Company’s business and prospects. The dial-in number for this call is (844) 220-4972 (U.S.) or (317) 973-4053 (International). The Company considers FAD to be a useful supplemental measure to evaluate the Company’s operating results excluding these expense items to help investors, analysts and other interested parties compare the operating performance of the Company between periods or as compared to other companies on a more consistent basis.Chief Financial Officer Bill Wagner reported that CareTrust generated normalized FFO of $ 16.3 million or $ 0.28 per diluted weighted-average common share, and normalized FAD of $ 17.1 million or $ 0.30 per diluted weighted-average common share. CareTrust REIT, Inc. is a self-administered, self-managed real estate investment trust. For the quarter:Further, the Company’s computation of FFO, normalized FFO, FAD and normalized FAD may not be comparable to FFO, normalized FFO, FAD and normalized FAD reported by other REITs that do not define FFO in accordance with the current NAREIT definition or that interpret the current NAREIT definition or define FAD differently than the Company does.FFO is defined by NAREIT as net income computed in accordance with GAAP, excluding gains or losses from real estate dispositions, real estate depreciation and amortization and impairment charges, and adjustments for unconsolidated partnerships and joint ventures. Stapley also reiterated CareTrust’s disciplined growth strategy, saying, “We remain committed to making investments only when we can partner with an experienced, sophisticated and fully-engaged operator who we believe can thrive in all kinds of operating environments.”He further reported an outstanding balance of $ 103.0 million under CareTrust’s $ 400 million unsecured revolving credit facility. Data inaccuracies may exist.
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