Welcome to our dedicated page for Sabra Health Care Reit news (Ticker: SBRA), a resource for investors and traders seeking the latest updates and insights on Sabra Health Care 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 (SBRA) reported strong fourth quarter 2024 results, with net income of $0.19 per diluted share, FFO of $0.36, and Normalized FFO/AFFO of $0.35-0.36. The company showed robust performance across its portfolio, with skilled nursing EBITDARM coverage at 2.09x and same-store managed senior housing Cash NOI increasing 17.9% year-over-year.
During Q4 2024, Sabra acquired a managed senior housing community for $24.0 million with an 8.6% initial cash yield and disposed of ten facilities for $56.5 million. The company's Net Debt to Adjusted EBITDA stood at 5.27x. The Board declared a quarterly dividend of $0.30 per share.
For 2025, Sabra introduced guidance with Net Income of $0.67-$0.70 per share, FFO of $1.42-$1.45, and Normalized AFFO of $1.48-$1.51, projecting low-single-digit NOI growth for triple-net portfolio and low-to-mid teens growth for managed senior housing.
Sabra Health Care REIT (Nasdaq: SBRA) has announced its leadership team's participation in two major industry conferences in March 2025. Rick Matros (Chair and CEO), Michael Costa (CFO), Talya Nevo-Hacohen (CIO), Darrin Smith (EVP of Investments), and Lukas Hartwich (EVP of Finance) will attend Citi's 2025 Global Property CEO Conference from March 3-5 at The Diplomat Beach Resort in Hollywood, Florida.
Additionally, Darrin Smith, Eliza Gozar (SVP of Investments), and other company representatives will participate in the 2025 NIC Spring Conference from March 5-7 at the Marriott Marquis in San Diego, California.
Sabra Health Care REIT (NASDAQ: SBRA) has announced three key leadership promotions. Lukas Hartwich has been elevated to Executive Vice President – Finance from his previous Senior Vice President role. Since joining in October 2021, he has led financial planning, investor relations, and business intelligence functions.
Kara Pappanduros has been promoted to Senior Vice President – Asset Management, bringing over 24 years of skilled nursing operations experience. Anna Mohr has been promoted to Vice President – Human Resources, having led HR strategies since June 2020 with SHRM-SCP and SPHR certifications.
Sabra Health Care REIT (Nasdaq: SBRA) has scheduled its fourth quarter 2024 earnings release for February 19, 2025, after market close. The company will host a conference call with webcast on February 20 at 10:00 a.m. Pacific Time to discuss the results.
Additionally, Sabra's board of directors has declared a quarterly cash dividend of $0.30 per share of common stock. The dividend will be paid on February 28, 2025, to stockholders of record as of February 14, 2025.
Sabra Health Care REIT (NASDAQ: SBRA) has disclosed the tax treatment of its 2024 dividend distributions. The company will distribute a total of $1.20 per share across four quarterly payments of $0.30 each, scheduled for February 29, May 31, August 30, and November 29, 2024.
Of the total distribution, 88.33% ($1.0599644 per share) qualifies as non-qualified ordinary dividends, while 11.67% ($0.1400356 per share) represents non-dividend distributions. The company reported that all non-qualified ordinary dividends qualify as Section 199A Dividends, subject to shareholders holding their REIT shares for at least 45 days.
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.
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