Welcome to our dedicated page for Sabra Healthcare REIT news (Ticker: SBRA), a resource for investors and traders seeking the latest updates and insights on Sabra Healthcare REIT stock.
Sabra Healthcare REIT, Inc. (SBRA) is a self-administered and self-managed real estate investment trust (REIT) based in Maryland. Specializing in healthcare properties, Sabra generates revenue by leasing its properties to local, regional, and national healthcare operators and tenants throughout the United States. The company's portfolio is diversified across various segments of the healthcare industry, including nursing facilities, assisted living centers, and mental health facilities.
Core Business: Sabra focuses on acquiring, owning, and financing real estate assets in the healthcare sector. The company’s business model involves leasing properties to healthcare operators, which ensures a steady stream of income. This strategic approach allows Sabra to leverage the growing demand for quality healthcare facilities across the nation.
Recent Achievements: Sabra has recently expanded its portfolio by acquiring several high-quality healthcare properties. These acquisitions are part of Sabra's ongoing strategy to enhance its property mix and geographical presence, positioning the company for long-term growth in the healthcare real estate market.
Current Projects: The company is actively involved in several development and renovation projects aimed at upgrading their existing facilities and supporting their tenants in delivering top-notch healthcare services. These projects are expected to improve operational efficiencies and the overall value of their property portfolio.
Financial Condition: Sabra continues to demonstrate financial stability with a strong balance sheet. The company’s revenue is primarily derived from leasing agreements, providing a reliable income stream. Sabra's prudent financial management and selective investment in high-quality assets contribute to its robust financial condition.
Partnerships: Sabra collaborates with a wide range of healthcare operators, from small local providers to large national chains. These partnerships are crucial for maintaining and enhancing the quality and accessibility of healthcare services across its properties.
Products: Sabra’s offerings include long-term leases on various types of healthcare facilities. These properties are designed to meet the specific needs of different healthcare sectors, ensuring that tenants have the necessary infrastructure to provide excellent care to their patients.
Sabra Health Care REIT (Nasdaq: SBRA) has announced its participation in Nareit's REITworld 2024 Annual Conference. The event will take place on November 19-20, 2024 at the Wynn Las Vegas in Las Vegas, Nevada. The company will be represented by key executives including Rick Matros (Chair and CEO), Michael Costa (CFO), Darrin Smith (EVP of Investments), and Lukas Hartwich (SVP of Finance).
Sabra Health Care REIT (Nasdaq: SBRA) reported Q3 2024 results with net income of $0.13 per share, FFO of $0.34, and Normalized AFFO of $0.37. The company's same-store managed senior housing Cash NOI increased 17.8% year-over-year. During Q3, Sabra acquired two managed senior housing communities for $75.8 million and disposed of four skilled nursing facilities for $34.9 million. The company updated its 2024 guidance with Net Income of $0.48-$0.49 and Normalized AFFO of $1.43-$1.44 per share. As of September 30, Net Debt to Adjusted EBITDA was 5.30x, with approximately $947.8 million in liquidity.
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced that Moody's Ratings has affirmed Sabra's Ba1 credit rating and upgraded its outlook from 'Stable' to 'Positive' on October 17, 2024. This upgrade is attributed to improving industry fundamentals in skilled nursing and senior housing sectors, which are driving enhancements in Sabra's key credit metrics, particularly its net debt to EBITDA ratio. The positive outlook reflects Moody's confidence in Sabra's financial performance and industry positioning. Investors can access the full Moody's report on the rating agency's website for more detailed information about this credit assessment.
Sabra Health Care REIT (Nasdaq: SBRA) has announced the date for its 2024 third quarter earnings release. The company will issue the earnings report on October 31, 2024, after the close of trading. A conference call and simultaneous webcast to discuss the results will be held on Friday, November 1 at 10:00 a.m. Pacific Time.
For those interested in participating, the dial-in number for U.S. participants is 888-880-4448, while participants outside the U.S. can dial 646-960-0572. The conference ID number is 1382596. The webcast can be accessed at https://events.q4inc.com/attendee/444925126. A digital replay of the call will be available on Sabra's website at www.sabrahealth.com.
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) has announced its participation in several upcoming industry conferences. Rick Matros, CEO, along with other executives, will attend the INVEST Conference in Dallas from October 7-9, 2024. Talya Nevo-Hacohen, Chief Investment Officer, will participate in the AHCA/NCAL 75th Annual Convention & Expo in Orlando from October 7-8, 2024, speaking on an Investment Solutions panel.
Nevo-Hacohen and Peter Nyland, EVP of Asset Management, will attend the ABI Health Care Program in Nashville from October 8-9, 2024, with Nevo-Hacohen participating in a Hot Topics in Health Care panel. Lastly, Nyland and Armand Markarian, Senior Associate of Asset Management, will attend VERGE 24 in San Jose on October 29-30, 2024.
Sabra Health Care REIT (Nasdaq: SBRA) has announced its participation in two upcoming industry conferences. The company's leadership team, including Talya Nevo-Hacohen (Chief Investment Officer), Darrin Smith (Executive VP of Investments), and Eliza Gozar (Senior VP of Investments), will attend the 2024 NIC Fall Conference from September 23-25 at the Marriott Marquis in Washington, D.C.
Additionally, Rick Matros (Chair and CEO), Michael Costa (CFO), along with Nevo-Hacohen and Smith, will participate in the Virtual Mizuho REIT Conference on October 1-2, 2024. These events provide Sabra Health Care REIT with opportunities to engage with industry peers, investors, and analysts, potentially impacting the company's visibility and stock performance.
Sabra Health Care REIT (Nasdaq: SBRA) has announced its participation in the BofA Securities 2024 Global Real Estate Conference. The event is scheduled for September 10, 2024, at the Bank of America Tower in New York City. Key executives from Sabra will be in attendance, including:
- Rick Matros - Chair and CEO
- Michael Costa - CFO
- Talya Nevo-Hacohen - CIO
- Darrin Smith - Executive VP of Investments
- Lukas Hartwich - Senior VP of Finance
This conference provides an opportunity for Sabra to engage with investors and industry professionals, potentially discussing their real estate investment strategies and market outlook in the healthcare sector.
Sabra Health Care REIT (Nasdaq: SBRA) reported strong Q2 2024 results, prompting an increase in 2024 guidance. Key highlights include:
- Net Income per share: $0.10
- FFO per share: $0.35
- AFFO per share: $0.36
- Same store managed senior housing Cash NOI increased 17.7% year-over-year
- Investment activity of $60.1 million with 8.7% expected initial cash yield
- Net Debt to Adjusted EBITDA: 5.45x
- Quarterly cash dividend declared: $0.30 per share
The company increased its 2024 guidance, with Normalized AFFO now expected to be $1.41 - $1.44 per diluted share. Positive reimbursement trends, including a 4.2% Medicare rate increase for skilled nursing facilities and an estimated 7% average increase in Medicaid rates across Sabra's portfolio, contribute to the improved outlook.
Sabra Health Care REIT (Nasdaq: SBRA) has released its fourth annual Sustainability Report for fiscal year 2023, highlighting its commitment to environmental, social, and governance (ESG) initiatives. The report showcases Sabra's progress in areas such as environmental stewardship, diversity and inclusion, human capital management, and community service.
Key achievements include:
- Expanded utility data collection to 100% of managed portfolio
- Embedded E-Initiative awareness across asset management team
- Assembled resources to support Healthtech solutions
- Upheld commitment to diversity, equity, and inclusion
Sabra's CEO, Rick Matros, emphasized the alignment between business strategy and sustainability initiatives, stating that these efforts are important for creating long-term value for stakeholders.
Sabra Health Care REIT (Nasdaq: SBRA) has announced the schedule for its 2024 second quarter earnings release and conference call. The company will release its earnings report on August 7, 2024, after the market closes. A conference call and simultaneous webcast to discuss the results will be held on Thursday, August 8 at 10:00 a.m. Pacific Time.
Investors can participate in the call using the following details:
- U.S. participants: 888-880-4448
- International participants: 646-960-0572
- Conference ID: 1382596
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