CareTrust REIT, Inc. (NYSE:CTRE) Q3 2024 Earnings Conference Call October 30, 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
John Pinkowski - Wells Fargo
Austin Wurschmidt - KeyBanc Capital Markets
Michael Carroll - RBC Capital Markets
Robin Haneland - BMO Capital Markets
Wes Golladay - Baird
Rich Anderson - Wedbush

Operator

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

I would now like to turn the conference over to Lauren Beale, SVP Controller. Please begin.

Lauren Beale

Thank you, and welcome to CareTrust REIT's third quarter 2024 earnings call. We will make forward-looking statements today based on management's current expectations, including statements regarding future financial performance, dividends, acquisitions, investments, financing plans, 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 filings with the SEC. We do not undertake a 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 F A D or FAD. A reconciliation of these measures to the most comparable GAAP financial measures is available in our earnings press release and Q3 2024 non-GAAP reconciliations 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; Bill Wagner, Chief Financial Officer; and James Callister, Chief Investment Officer.

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

Dave Sedgwick

All right, hello, everybody. And thank you for joining us. The flywheel started to pick up speed a year ago and it is now racing. At the end of last year, we recognized that 2024 could be a historic year for growth and the company recalibrated the team and the balance sheet to capitalize on that opportunity. I am so proud of their relentless work to make this year extraordinary.