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CareTrust REIT Q2 Normalized FFO, Revenue Rise
CareTrust REIT (CTRE) reported Q2 normalized funds from operations late Thursday of $0.51 per diluted share, up from $0.43 a year earlier.Analysts polled by FactSet expected $0.51.Total revenue in the three months ended June 30 rose to $161.3 million from $112.5 million a year earlier.The company increased full-year normalized FFO guidance to $2.03 to $2.06 a share from the prior forecast of $2 to $2.04.Analysts expect $2.04.The company's share fell 2.5% in after-hours trading.
$CTRE
