CareTrust REIT Management

Management criteria checks 1/4

CareTrust REIT's CEO is Dave Sedgwick, appointed in Feb 2021, has a tenure of 3.25 years. total yearly compensation is $5.43M, comprised of 14.7% salary and 85.3% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth €7.29M. The average tenure of the management team and the board of directors is 6.5 years and 2.2 years respectively.

Key information

Dave Sedgwick

Chief executive officer

US$5.4m

Total compensation

CEO salary percentage	14.7%
CEO tenure	3.3yrs
CEO ownership	0.2%
Management average tenure	6.5yrs
Board average tenure	2.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave Sedgwick's remuneration changed compared to CareTrust REIT's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$63m
Dec 31 2023	US$5m	US$800k	US$53m
Sep 30 2023	n/a	n/a	US$41m
Jun 30 2023	n/a	n/a	US$33m
Mar 31 2023	n/a	n/a	US$55m
Dec 31 2022	US$4m	US$700k	-US$8m
Sep 30 2022	n/a	n/a	-US$4m
Jun 30 2022	n/a	n/a	US$7m
Mar 31 2022	n/a	n/a	US$8m
Dec 31 2021	US$5m	US$495k	US$71m
Sep 30 2021	n/a	n/a	US$74m
Jun 30 2021	n/a	n/a	US$84m
Mar 31 2021	n/a	n/a	US$82m
Dec 31 2020	US$2m	US$450k	US$81m
Sep 30 2020	n/a	n/a	US$80m
Jun 30 2020	n/a	n/a	US$49m
Mar 31 2020	n/a	n/a	US$49m
Dec 31 2019	US$1m	US$345k	US$46m
Sep 30 2019	n/a	n/a	US$41m
Jun 30 2019	n/a	n/a	US$65m
Mar 31 2019	n/a	n/a	US$59m
Dec 31 2018	US$1m	US$315k	US$58m
Sep 30 2018	n/a	n/a	US$44m
Jun 30 2018	n/a	n/a	US$41m
Mar 31 2018	n/a	n/a	US$30m
Dec 31 2017	US$1m	US$285k	US$26m

Compensation vs Market: Dave's total compensation ($USD5.43M) is above average for companies of similar size in the German market ($USD2.58M).

Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.

CEO

Dave Sedgwick (47 yo)

3.3yrs

Tenure

US$5,430,306

Compensation

Mr. David M. Sedgwick, also known as Dave, has been Chief Executive Officer of CareTrust REIT, Inc. since January 1, 2022, serves as its Director since June 2022 and was its Chief Operating Officer since A...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Sedgwick	CEO, President & Director	3.3yrs	US$5.43m	0.23% $ 7.3m
William Wagner	CFO & Treasurer	10.4yrs	US$2.66m	0.20% $ 6.3m
James Callister	Chief Investment Officer & Secretary	3.3yrs	US$2.47m	0.050% $ 1.6m
Eric Gillis	Director of Asset Management	no data	no data	no data
Lauren Beale	Senior VP & Controller	9.7yrs	no data	no data

6.5yrs

Average Tenure

47yo

Average Age

Experienced Management: 7XC's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Sedgwick	CEO, President & Director	1.9yrs	US$5.43m	0.23% $ 7.3m
Diana Laing	Independent Chairman of the Board	5.3yrs	US$295.00k	0.024% $ 746.1k
Careina Williams	Independent Director	2.2yrs	US$220.00k	0.013% $ 425.9k
Anne Olson	Independent Director	2yrs	US$200.00k	0.013% $ 425.9k
Spencer Plumb	Independent Director	7.3yrs	US$215.00k	0.030% $ 957.8k

2.2yrs

Average Tenure

47yo

Average Age

Experienced Board: 7XC's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.

CareTrust REIT Management

Management criteria checks 1/4

Key information

Recent management updates

CareTrust REIT, Inc., Annual General Meeting, Apr 25, 2024

Caretrust Reit Announces James Callister to Succeed Mark Lamb as Chief Investment Officer

Caretrust REIT Promotes James Callister to Executive Vice President

CareTrust REIT Announces Changes to the Board of Directors

CareTrust REIT, Inc. Announces Board Appointments

Insufficient new directors

Recent updates

First quarter 2024 earnings released: EPS: US$0.22 (vs US$0.19 in 1Q 2023)

CareTrust REIT, Inc. to Report Q1, 2024 Results on May 02, 2024

New major risk - Dividend sustainability

Fourth quarter dividend of US$0.29 announced

CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on April 15, 2024

CareTrust REIT, Inc., Annual General Meeting, Apr 25, 2024

Full year 2023 earnings released: EPS: US$0.51 (vs US$0.082 loss in FY 2022)

CareTrust REIT, Inc. Provides Earning Guidance for 2024

CareTrust REIT, Inc. to Report Q4, 2023 Results on Feb 08, 2024

CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on or About January 12, 2024

CareTrust REIT, Inc. Reports Impairment of Real Estate Investments for the Third Quarter Ended September 30, 2023

Third quarter 2023 earnings released: EPS: US$0.084 (vs US$0.006 in 3Q 2022)

CareTrust REIT, Inc. to Report Q3, 2023 Results on Nov 09, 2023

Now 23% undervalued

CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on September 29, 2023

CareTrust REIT, Inc. (NYSE:CTRE) and a third-party regional healthcare real estate investor acquired La Fuente Post Acute.

Second quarter 2023 earnings released: US$0.006 loss per share (vs US$0.21 profit in 2Q 2022)

CareTrust REIT, Inc. to Report Q2, 2023 Results on Aug 03, 2023

CareTrust REIT, Inc. Declares Quarterly Common Stock Cash Dividend, Payable on or About July 14, 2023

CareTrust REIT, Inc. (NYSE:CTRE) acquired two memory care facilities in Ohio and Michigan.

First quarter 2023 earnings released: EPS: US$0.19 (vs US$0.45 loss in 1Q 2022)

CareTrust REIT, Inc. Increase Quarterly Dividend

CareTrust REIT, Inc. to Report Q1, 2023 Results on May 10, 2023

Full year 2022 earnings released: US$0.078 loss per share (vs US$0.74 profit in FY 2021)

CareTrust REIT, Inc. to Report Q4, 2022 Results on Feb 09, 2023

An unknown buyer acquired five senior housing facilities in Virginia from CareTrust REIT, Inc. (NYSE:CTRE) for $13 million.

CareTrust REIT, Inc. Announces Quarterly Cash Dividend, Payable on or About January 13, 2023

Caretrust Reit Announces James Callister to Succeed Mark Lamb as Chief Investment Officer

Third quarter 2022 earnings released: EPS: US$0.007 (vs US$0.12 in 3Q 2021)

CareTrust REIT, Inc. to Report Q3, 2022 Results on Nov 08, 2022

An unknown buyer acquired Seven Skilled Nursing Facilities in Ohio from CareTrust REIT, Inc. (NYSE:CTRE) for $52 million.

Upcoming dividend of US$0.28 per share

Caretrust Reit Announces Quarterly Cash Dividend, Payable on or About October 14, 2022

Second quarter 2022 earnings released: EPS: US$0.21 (vs US$0.22 in 2Q 2021)

CareTrust REIT, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Caretrust REIT Promotes James Callister to Executive Vice President

CareTrust REIT Announces Changes to the Board of Directors

CareTrust REIT Announces Quarterly Dividend, Payable on or About July 15, 2022

First quarter 2022 earnings released: US$0.45 loss per share (vs US$0.21 profit in 1Q 2021)

CareTrust REIT, Inc. Announces Board Appointments

CareTrust REIT, Inc. to Report Q1, 2022 Results on May 05, 2022

Upcoming dividend of US$0.28 per share

CareTrust REIT, Inc. (NasdaqGS:CTRE) acquired Imboden Creek Living Center, Gardens and Villas.

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

CareTrust REIT, Inc. Declares Quarterly Dividend for the Period Ended December 31, 2021

CareTrust REIT, Inc. to Report Q4, 2021 Results on Feb 16, 2022

CareTrust REIT, Inc. (NasdaqGS:CTRE) acquired Ennis Care Center.

Insufficient new directors

Third quarter 2021 earnings released: EPS US$0.12 (vs US$0.23 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.22 (vs US$0.20 in 2Q 2020)

CareTrust REIT, Inc. Revises Unaudited Earnings Guidance for the Year 2021

CareTrust REIT, Inc.(NasdaqGS:CTRE) dropped from Russell 3000E Growth Index

First quarter 2021 earnings released: EPS US$0.21 (vs US$0.20 in 1Q 2020)

CareTrust REIT, Inc. Increases Earnings Guidance for the Year 2021

CareTrust REIT, Inc. (NasdaqGS:CTRE) acquired El Centro Post-Acute Center.

Upcoming Dividend of US$0.27 Per Share

CareTrust REIT, Inc., Annual General Meeting, Apr 30, 2021

CareTrust REIT, Inc. Announces Quarterly Common Stock Cash Dividend, Payable on or About April 15, 2021

New 90-day high: €19.70

CareTrust REIT, Inc. (NasdaqGS:CTRE) acquired Buena Vista Care Center for approximately $16 million.

CareTrust REIT, Inc. (NasdaqGS:CTRE) acquired Portfolio of Four California Continuing Care Retirement Communities for approximately $130 million.

Full year 2020 earnings released: FFO US$1.40 per share (vs US$1.21 in FY 2019)

Revenue beats expectations

CareTrust REIT, Inc. Announces Executive Changes

CareTrust REIT, Inc. to Report Q4, 2020 Results on Feb 10, 2021

New 90-day high: €19.10

Upcoming Dividend of US$0.25 Per Share

New 90-day high: €17.10

New 90-day high: €16.80