CareTrust REIT Management

Management criteria checks 2/4

CareTrust REIT's CEO is Dave Sedgwick, appointed in Feb 2021, has a tenure of 3.75 years. total yearly compensation is $5.43M, comprised of 14.7% salary and 85.3% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth $9.64M. The average tenure of the management team and the board of directors is 7 years and 2.7 years respectively.

Key information

Dave Sedgwick

Chief executive officer

US$5.4m

Total compensation

CEO salary percentage	14.7%
CEO tenure	3.8yrs
CEO ownership	0.2%
Management average tenure	7yrs
Board average tenure	2.7yrs

Recent management updates

Recent updates

CareTrust REIT: Solid Operational Performance, But I Don't Like The Capital Structure

Jun 21

CareTrust REIT: This Near 5% Yielding Healthcare REIT Is A Great Long-Term Buy For Dividend Investors

Apr 06

CareTrust REIT: Fat, Stable Yield With Upside

Feb 05

CareTrust: High-Quality Business Attractively Valued

Nov 25

Medical Properties Trust Vs. CareTrust REIT: One On The Rise, The Other In Decline

Sep 21

CareTrust REIT: A Safer Alternative To Omega Healthcare Investors

Sep 14

CareTrust REIT: Thesis Update After Q2 Results, Hold For Now

Aug 18

CareTrust REIT: Decent Yield And Attractive Risk Profile

Jun 14

CareTrust REIT: Opportunistic Capital Structure At The Right Moment

Jun 05

CareTrust REIT: The Best Real Estate Investment In Senior Care

Feb 11

CareTrust REIT declares $0.275 dividend

Dec 16

CareTrust REIT: Earn A Solid 5.5% Yield From This Sturdy REIT

Sep 21

CareTrust REIT declares $0.275 dividend

Sep 15

CareTrust REIT extends secured loan on California skilled nursing facilities

Aug 02

CEO Compensation Analysis

How has Dave Sedgwick's remuneration changed compared to CareTrust REIT's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$99m
Jun 30 2024	n/a	n/a	US$74m
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 ($USD5.43M) is below average for companies of similar size in the US market ($USD7.97M).

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

CEO

Dave Sedgwick (48 yo)

3.8yrs

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	3.8yrs	US$5.43m	0.17% $ 9.6m
William Wagner	CFO & Treasurer	10.9yrs	US$2.66m	0.14% $ 8.0m
James Callister	Chief Investment Officer & Secretary	3.8yrs	US$2.47m	0.036% $ 2.1m
Eric Gillis	Director of Asset Management	no data	no data	no data
Lauren Beale	Senior VP & Controller	10.2yrs	no data	no data

7.0yrs

Average Tenure

48yo

Average Age

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

Board Members

Name	Position	Tenure	Compensation	Ownership
David Sedgwick	CEO, President & Director	2.4yrs	US$5.43m	0.17% $ 9.6m
Diana Laing	Independent Chairman of the Board	5.8yrs	US$295.00k	0.017% $ 986.2k
Careina Williams	Independent Director	2.7yrs	US$220.00k	0.0097% $ 563.0k
Anne Olson	Independent Director	2.5yrs	US$215.00k	0.0097% $ 563.0k
Spencer Plumb	Independent Director	7.8yrs	US$215.00k	0.022% $ 1.3m

2.7yrs

Average Tenure

48yo

Average Age

Experienced Board: CTRE's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

CareTrust REIT Management

Management criteria checks 2/4

Key information

Recent management updates

CFO & Treasurer recently sold US$1.0m worth of stock

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

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

Recent updates

Consensus revenue estimates fall by 13%

Consensus revenue estimates increase by 15%

Now 21% undervalued

New major risk - Dividend sustainability

CareTrust REIT, Inc. has completed a Follow-on Equity Offering in the amount of $441.6 million.

CareTrust REIT, Inc. (NYSE:CTRE) agreed to acquire Portfolio of Skilled Nursing Facilities in Tennessee and Alabama from American Health Companies, LLC for approximately $500 million.

CareTrust REIT, Inc. (NYSE:CTRE) and unknown buyer entered into an agreement to acquire Thirty-one skilled nursing facilities for $500 million.

CareTrust REIT, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Price target increased by 7.1% to US$30.33

CareTrust REIT: Looking For Healthcare Exposure? You Should Consider This REIT

Second quarter dividend of US$0.29 announced

CareTrust REIT, Inc. Announces Quarterly Cash Dividend, Payable on or About October 15, 2024

CareTrust REIT Surges: Riding High On Skilled Nursing Strength

CFO & Treasurer recently sold US$1.0m worth of stock

CareTrust REIT, Inc. (NYSE:CTRE) acquired 125 bed skilled nursing facility in the Mid-Atlantic for $37.7 million.

Consensus revenue estimates decrease by 12%

Consensus EPS estimates fall by 13%

New major risk - Shareholder dilution

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

CareTrust REIT, Inc. to Report Q2, 2024 Results on Aug 01, 2024

CareTrust REIT: A Growing REIT That Deserves A Spot In Your Portfolio

CareTrust REIT: Solid Operational Performance, But I Don't Like The Capital Structure

First quarter dividend of US$0.29 announced

CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on June 28, 2024

CareTrust REIT, Inc. has completed a Follow-on Equity Offering in the amount of $500 million.

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

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

CareTrust REIT: This Near 5% Yielding Healthcare REIT Is A Great Long-Term Buy For Dividend Investors

New major risk - Dividend sustainability

Fourth quarter dividend increased to US$0.29

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

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

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

CareTrust REIT, Inc. Provides Earning Guidance for 2024

CareTrust REIT: Fat, Stable Yield With Upside

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: High-Quality Business Attractively Valued

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

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Now 22% undervalued

Medical Properties Trust Vs. CareTrust REIT: One On The Rise, The Other In Decline

Upcoming dividend of US$0.28 per share at 5.5% yield

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

CareTrust REIT: A Safer Alternative To Omega Healthcare Investors

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

CareTrust REIT: Thesis Update After Q2 Results, Hold For Now

Consensus EPS estimates fall by 25%

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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: Decent Yield And Attractive Risk Profile

CareTrust REIT: Opportunistic Capital Structure At The Right Moment

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: Revenues exceed analysts expectations while EPS lags behind

CareTrust REIT: The Best Real Estate Investment In Senior Care

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.

Upcoming dividend of US$0.28 per share

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

CareTrust REIT declares $0.275 dividend

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

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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: Earn A Solid 5.5% Yield From This Sturdy REIT

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