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 Health Care REIT Inc (SBRA) is a leading healthcare-focused real estate investment trust specializing in nursing facilities, assisted living communities, and behavioral health properties. This page provides investors with a centralized hub for all official company announcements and market-related developments.
Access timely updates on earnings reports, property acquisitions, and strategic partnerships that shape SBRA's position in healthcare real estate. The curated news collection enables stakeholders to track operational milestones, leasing activity, and industry trends impacting this specialized REIT.
Content spans quarterly financial disclosures, facility portfolio expansions, management updates, and regulatory developments. Bookmark this resource to stay informed about SBRA's role in serving healthcare operators through essential real estate solutions across the United States.
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.
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.
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.
