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Sabra Health Care Reit Inc - SBRA STOCK NEWS

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.

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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.

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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.

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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.

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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.

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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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Sabra Health Care REIT (Nasdaq: SBRA) has received a positive outlook revision from Fitch Ratings, changing from Negative to Stable. Both Fitch and S&P Global Ratings affirmed Sabra's debt ratings at 'BBB-'. Fitch highlighted Sabra's robust financial policies during the pandemic, while S&P noted strong rent collections and minimal expected cash flow disruptions. CEO Rick Matros emphasized the company's commitment to maintaining a strong balance sheet amidst the pandemic's challenges.

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Sabra Health Care REIT (NASDAQ: SBRA) has announced the tax treatment of its 2020 distributions. Shareholders can reference a detailed table outlining the distributions, including cash payouts and their classification as ordinary, non-qualified, and qualified dividends. Notably, the total ordinary dividends for 2020 amount to $1.3500 per share, with 77.05% categorized as non-qualified. Shareholders should consult tax advisors regarding Section 199A compliance, requiring a 45-day holding period for certain dividends.

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Sabra Health Care REIT (NASDAQ: SBRA) has appointed Katie Cusack to its Board of Directors. Currently COO of Cornell Capital LLC, Cusack has extensive experience in finance and healthcare, previously working at Credit Suisse and MTS Health Partners. Her appointment is expected to enhance the board's diversity and strength, complementing recent additions like Clif Porter and Ann Kono. CEO Rick Matros praised her unique skill set, emphasizing the company's strong leadership as it enters its second decade. Sabra is a self-administered REIT focused on healthcare real estate investments in the U.S. and Canada.

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Sabra Health Care REIT announced the appointment of Michael Costa as Chief Accounting Officer, designated as the principal accounting officer by the Board of Directors. Costa has been with Sabra since its inception in 2010 and has over 15 years of experience in commercial real estate finance and accounting. He previously served as Executive Vice President - Finance since 2017. His educational background includes a master’s degree in Accounting from the University of Virginia. CFO Harold Andrews praised Costa’s contributions to the company's success over the past decade.

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Sabra Health Care REIT (Nasdaq: SBRA) announced that its leadership team, including Chairman and CEO Rick Matros, CFO Harold Andrews, CIO Talya Nevo-Hacohen, and EVP Michael Costa, will participate in key industry conferences. They will attend the Capital One Securities Inaugural REIT Conference on January 11, 2021, followed by the Stifel 2021 Seniors Housing and Healthcare Real Estate Conference on January 19, 2021. Sabra is a self-managed REIT investing in healthcare-related real estate across the US and Canada.

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FAQ

What is the current stock price of Sabra Health Care Reit (SBRA)?

The current stock price of Sabra Health Care Reit (SBRA) is $15.89 as of February 21, 2025.

What is the market cap of Sabra Health Care Reit (SBRA)?

The market cap of Sabra Health Care Reit (SBRA) is approximately 3.9B.

What is Sabra Healthcare REIT, Inc.?

Sabra Healthcare REIT, Inc. (SBRA) is a real estate investment trust that owns and invests in healthcare properties across the United States.

What types of properties does Sabra own?

Sabra owns and leases nursing facilities, assisted living centers, and mental health facilities.

How does Sabra generate revenue?

Sabra generates revenue by leasing its healthcare properties to local, regional, and national healthcare operators.

Where does Sabra conduct its operations?

All of Sabra's operations and revenue generation take place within the United States.

What recent achievements has Sabra made?

Sabra has recently expanded its portfolio by acquiring high-quality healthcare properties and is involved in several development and renovation projects.

What is the financial condition of Sabra?

Sabra maintains a strong financial position with a stable balance sheet and reliable income from leasing agreements.

Who are Sabra's tenants?

Sabra's tenants include a diverse range of healthcare operators, from small local providers to large national chains.

What is unique about Sabra's business model?

Sabra's business model focuses on owning and leasing healthcare properties, ensuring a steady revenue stream and supporting the healthcare sector.

What partnerships does Sabra have?

Sabra partners with various healthcare providers to maintain and enhance the quality of services offered at its properties.

What current projects is Sabra involved in?

Sabra is actively engaged in development and renovation projects aimed at upgrading their existing healthcare facilities.
Sabra Health Care Reit Inc

Nasdaq:SBRA

SBRA Rankings

SBRA Stock Data

3.88B
234.79M
1.3%
99.72%
7.56%
REIT - Healthcare Facilities
Real Estate Investment Trusts
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United States
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