Sabra Health Care Reit Inc Stock Price, News & Analysis

Sabra Health Care REIT (SBRA) announced plans to expand its partnership with Recovery Centers of America (RCA) by providing a $325 million mortgage loan secured by eight addiction treatment centers. The loan will yield an interest rate of 7.5% and a five-year term, allowing Sabra a first offer to acquire the centers. Despite improving occupancy rates in their portfolio, Sabra faces challenges from COVID-19 variants impacting restrictions and labor shortages. Additionally, Avamere, a key partner, is encountering financial strains, potentially affecting future lease obligations.

Sabra Health Care REIT, Nasdaq: SBRA, announced participation in BofA’s 2021 Global Real Estate Conference on September 23, 2021. Key executives attending include Rick Matros (Chair & CEO), Harold Andrews (CFO), Talya Nevo-Hacohen (CIO), and Michael Costa (EVP of Finance & CAO). The company operates as a self-administered, self-managed real estate investment trust, investing in healthcare-related real estate across the United States and Canada.

Sabra Health Care REIT (NASDAQ: SBRA) announced that key executives, including Chair and CEO Rick Matros, CFO Harold Andrews, CIO Talya Nevo-Hacohen, and EVP Michael Costa, will participate in BMO's 2021 Real Estate Conference virtually on September 14, 2021. This event highlights the company's ongoing commitment to the healthcare real estate sector.

Sabra operates as a self-administered, self-managed REIT, investing in properties serving the healthcare industry across the U.S. and Canada.

Sabra Health Care REIT (Nasdaq: SBRA) reported a second-quarter net loss of $(0.61) per diluted common share, including a $(0.76) impairment charge related to the Enlivant Joint Venture. Despite challenges, EBITDARM Coverage for key segments improved, achieving 2.27x, benefiting from a 99.8% rent collection rate during the pandemic. The company plans to exit the Enlivant Joint Venture, recognizing a $164.1 million impairment. With liquidity of approximately $1.1 billion, Sabra has positioned itself for future growth, while maintaining a quarterly cash dividend of $0.30.

Sabra Health Care REIT (Nasdaq: SBRA) announced the retirement of Harold Andrews, its CFO, effective December 31, 2021. Michael Costa, the current Executive Vice President – Finance and Chief Accounting Officer, will succeed him on January 1, 2022. Andrews will remain in a consulting capacity for two years after his retirement. CEO Rick Matros expressed gratitude for Andrews' contributions and confidence in Costa's leadership. Sabra will also begin a search for a new Chief Accounting Officer, aiming to fill the role by year-end.

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced the release date for its 2021 second quarter earnings on August 4, 2021. A conference call is scheduled for August 5 at 10:00 a.m. Pacific Time to discuss the results. U.S. participants can join by calling 844-862-3710, while international participants can call 612-979-9902, using conference ID 8140736. A webcast of the call will be available online, and a digital replay can be accessed via the company's website.

Sabra Health Care operates as a self-administered, self-managed REIT focusing on healthcare industry real estate across the U.S. and Canada.

Sabra Health Care REIT (Nasdaq: SBRA) announces the passing of founding board member Milt Walters. CEO Rick Matros expressed deep sadness over Walters' death, highlighting his intelligence, optimism, and significant contributions to Sabra and Sun Healthcare Group. Walters played a pivotal role in the emergence of Sun from bankruptcy in 2002 and was instrumental in forming Sabra. His legacy as a kind and insightful leader will be dearly missed by the team at Sabra. The company operates as a self-administered REIT focused on investments in healthcare-related real estate across the U.S. and Canada.

Sabra Health Care REIT (Nasdaq: SBRA) announced that Talya Nevo-Hacohen, Chief Investment Officer, will attend ASHA’s Mid-Year Meeting on July 26-27, 2021. She will participate in a panel during the ASHA Executive Board Meeting on July 27 at the Hyatt Regency Lake Tahoe Resort in Incline Village, Nevada. This engagement highlights Sabra's commitment to the healthcare real estate sector.

About Sabra: Sabra operates as a self-administered, self-managed REIT, focusing on healthcare real estate investments across the U.S. and Canada.

Sabra Health Care REIT (Nasdaq: SBRA) announced a virtual non-deal roadshow on July 13, 2021. Key executives, including CEO Rick Matros and CFO Harold Andrews, will participate in this event hosted by JMP. As a self-managed real estate investment trust, Sabra focuses on investing in healthcare real estate across the U.S. and Canada, aiming to enhance its portfolio in the sector.