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) announced that its top executives, including CEO Rick Matros, CFO Harold Andrews, CIO Talya Nevo-Hacohen, and EVP Michael Costa, will speak at Nareit’s REITweek Virtual Investor Conference from June 8 to June 10, 2021. The conference will provide insights into the company's strategies and performance in the healthcare real estate sector.
Sabra operates as a self-administered and self-managed REIT, focusing on investments in healthcare-related real estate across the United States and Canada.
Sabra Health Care REIT (Nasdaq: SBRA) announced participation in a virtual non-deal roadshow hosted by BMO on May 19, 2021. Key executives attending include Chairman and CEO Rick Matros, CFO Harold Andrews, CIO Talya Nevo-Hacohen, and EVP of Finance Michael Costa. Furthermore, Matros and Costa will represent the company at BofA's 2021 Health Care REITs and Operator Conference on May 25, 2021. As a self-administered, self-managed REIT, Sabra focuses on real estate investments in the healthcare sector across the U.S. and Canada.
Sabra Health Care REIT (Nasdaq: SBRA) reported Q1 2021 results with net income of $0.16 and FFO of $0.39 per diluted share. EBITDARM coverage increased to 1.99x, while occupancy rates are recovering post-COVID. The company collected 99.9% of projected rents during the pandemic, agreeing to temporary deferrals worth $0.8 million. Notable transactions included the acquisition of a $28.5 million treatment center and a $32.5 million senior housing community. Guidance for Q2 projects net income between $0.13 and $0.14 per share, reflecting ongoing recovery efforts.
Sabra Health Care REIT (Nasdaq: SBRA) will release its 2021 Q1 earnings on May 5, 2021. A conference call is scheduled for May 6 at 10:00 AM PT to discuss the results. U.S. participants can dial 844-862-3710, while international participants can call 612-979-9902, using conference ID 6384625. A webcast will also be available for those interested. The REIT focuses on real estate investments in the healthcare sector across the U.S. and Canada.
Sabra Health Care REIT (Nasdaq: SBRA) has announced that key executives, including Chairman and CEO Rick Matros, CFO Harold Andrews, and CIO Talya Nevo-Hacohen, will participate in the 2nd Annual Mizuho Healthcare REIT Conference on April 6, 2021. This participation underscores Sabra's commitment to the healthcare real estate sector and provides a platform for discussing industry trends and opportunities.
About Sabra: Sabra Health Care REIT is a self-administered and self-managed REIT focused on investing in healthcare-related real estate across the U.S. and Canada.
Sabra Health Care REIT (Nasdaq: SBRA) announced the acquisition of a 100-unit senior housing facility in Augusta, Georgia, and a vacant senior housing facility in Gulf Breeze, Florida, for $28.5 million. The Augusta facility, nearly 90% occupied, provides an initial cash yield of 8.0% with an earnout option. The Gulf Breeze facility will be transformed into a 60-bed addiction treatment center, with Sabra investing up to $3 million and generating a 9.0% initial cash yield under a 15-year lease. Sabra aims to enhance shareholder value through these strategic acquisitions.
Sabra Health Care REIT (Nasdaq: SBRA) announced that key executives will participate in Citi's Global Property CEO Conference from March 8 – 11, 2021. The attending executives include Rick Matros (Chairman and CEO), Harold Andrews (CFO), Talya Nevo-Hacohen (CIO), and Michael Costa (Executive VP of Finance and Chief Accounting Officer). The conference underscores Sabra's ongoing commitment to engaging with investors and stakeholders in the healthcare real estate sector.
Sabra Health Care REIT (Nasdaq: SBRA) reported its Q4 2020 results, showing net income of $0.18 per share and a decline in cash net operating income by 14.1% sequentially. The company maintained high rent collection at 99.9% during the pandemic. EBITDARM coverage for Skilled Nursing/Transitional Care increased to 1.93x. Despite challenges, liquidity rose to $1.1 billion. For Q1 2021, guidance indicates net income per share of $0.16 - $0.17, with expected occupancy pressures continuing. The company declared a $0.30 dividend, reflecting a payout of 73% of Normalized AFFO.
Sabra Health Care REIT (Nasdaq: SBRA) announced that its executives, including Rick Matros (CEO) and Harold Andrews (CFO), will participate in the virtual Wells Fargo Real Estate Securities Conference on February 24, 2021. This event highlights the company's commitment to the healthcare real estate sector across the U.S. and Canada, as it operates as a self-administered, self-managed REIT.
Sabra Health Care REIT (Nasdaq: SBRA) will release its 2020 fourth quarter earnings on February 22, 2021. A conference call is scheduled for February 23 at 10:00 a.m. Pacific Time, with dial-in numbers for U.S. and international participants. Additionally, a quarterly cash dividend of $0.30 per share was declared, payable on February 26, 2021, to stockholders of record as of February 12, 2021. Investors can access the webcast and a digital replay on the company's website.
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