CareTrust REIT, Inc. (NYSE:CTRE) Q2 2024 Earnings Conference Call August 2, 2024 1:00 PM ET

Company Participants

Lauren Beale - Senior Vice President and Controller
Dave Sedgwick - President and Chief Executive Officer
Bill Wagner - Chief Financial Officer
James Callister - Chief Investment Officer

Conference Call Participants

Jonathan Hughes - Raymond James
Austin Wurschmidt - KeyBanc Capital Markets
Michael Carroll - RBC Capital Markets
Juan Sanabria - BMO Capital Markets
John Pinkowski - Wells Fargo
Rich Anderson - Wedbush
Alec Feygin – Baird

Operator

Thank you for standing by. My name is Mandeep, and I will be your conference operator today. At this time, I would like to welcome everyone to CareTrust REIT Second Quarter 2024 Operating Results. All lines have been placed on mute to prevent any background noise. After the speaker remarks, there will be a question-and-answer session. [Operator Instructions].

I would now like to turn the call over to Lauren Beale, Senior Vice President and Controller. Please go ahead.

Lauren Beale

Thanks, Mark, and welcome to CareTrust REIT's second quarter 2024 earnings call. We will make forward-looking statements made on today's call are based on management's current expectations, including statements regarding future financial performance, dividends, acquisitions, investments, financings, business strategies, and growth prospects.

These forward-looking statements are subject to risks and uncertainties that could cause actual results to materially differ from our expectations. These risks are discussed in CareTrust REIT’s most recent form 10-K and 10-Q SEC. We do not undertake duty update or revise these statements except as required by law.

During the call, the company will reference non-GAAP metrics, such as EBITDA, FFO, and FAD. A reconciliation of these measures to the most comparable GAAP financial measures is available in our earnings press release and Q2 2024 non-GAAP reconciliation that are available on the investor relations section of CareTrust website at www.caretrustreit. com. A replay of this call will also be available on the website for a limited period.

On the call this morning are Dave Sedgwick, President and Chief Executive Officer; and Bill Wagner, Chief Financial Officer; our Chief Investment Officer James Callister, Chief Investment Officer.

I'll now turn the call over to Dave Sedgwick, CareTrust REIT’s President and CEO. Dave?

Dave Sedgwick

Well, hello everybody, and thank you for joining us. I'm very pleased with the strong first half of the year, particularly as we celebrated our 10-year anniversary this summer with some record performance.