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, Inc. (NASDAQ: SBRA) has completed the acquisition of a high-quality Canadian senior housing portfolio for
Sabra Health Care REIT (Nasdaq: SBRA) reported a strong first quarter of 2022, with net income of $0.18 per diluted share and normalized FFO of $0.38. The company achieved a 99.5% rent collection rate since the COVID-19 pandemic began. Noteworthy acquisitions included a $26 million managed senior housing community. Sabra's EBITDARM coverage remained solid across various sectors, particularly in specialty hospitals at 7.52x. A quarterly dividend of $0.30 per share was declared, reflecting a 79% payout of normalized AFFO.
Sabra Health Care REIT (Nasdaq: SBRA) has received an affirmation from Fitch Ratings with a 'BBB-' rating and a Stable Outlook. The affirmation highlights Sabra's robust liquidity, portfolio quality, and operational lease coverage. CEO Rick Matros emphasized that maintaining a strong balance sheet is integral to the company’s strategy and appreciates Fitch's recognition of their efforts. The full report can be accessed on Fitch's website.
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) will release its 2022 first quarter earnings on May 4, 2022, post-market close. A conference call to discuss these results is scheduled for May 5, 2022, at 10:00 a.m. Pacific Time. Participants can join via dial-in numbers provided for U.S. and international callers. The call will be broadcasted live and a digital replay will be accessible on their website. Sabra operates as a self-managed REIT focused on healthcare real estate investments across the U.S. and Canada.
Sabra Health Care REIT (SBRA) has become an Alliance Member of the Well Living Lab, collaborating on the WISE initiative to improve health outcomes in senior living environments. This partnership aims to enhance research on how indoor conditions affect well-being. Notably, Enlivant, one of Sabra's major operators, achieved the WELL Health-Safety Rating for its entire portfolio, underlining Sabra's commitment to ESG initiatives. The collaboration seeks to develop practical solutions for healthier living spaces, benefiting both residents and the senior care industry.
On April 5, 2022, Sabra Health Care REIT (NASDAQ: SBRA) announced that its leadership team, including Chair and CEO Rick Matros, CIO Talya Nevo-Hacohen, and SVP Jessica Flores, will participate in the Credit Suisse Inaugural Healthcare REIT Summit in New York. This event aims to enhance discussions on the healthcare real estate sector and Sabra's commitment to investing in healthcare properties across the U.S. and Canada.
Sabra Health Care REIT (NASDAQ: SBRA) is participating in the 2022 NIC Spring Conference from March 23-25, 2022, at the Omni Dallas Hotel in Texas. Key representatives, including Chief Investment Officer Talya Nevo-Hacohen and Executive VP of Investments Darrin Smith, will be attending the event. Sabra operates as a self-administered, self-managed REIT, focusing on real estate investments in the healthcare sector across the U.S. and Canada.
Sabra Health Care REIT (SBRA) reported a net loss of $0.11 per diluted common share for Q4 2021, with funds from operations (FFO) at $0.11 and normalized FFO at $0.39. The results included a $18.6 million lease intangible amortization related to Avamere. Despite a 30% rent reduction agreed with Avamere, 99.6% of forecasted rents have been collected during the pandemic. The company made significant investments totaling $419.4 million in 2021, maintaining strong liquidity of $1.1 billion. A quarterly dividend of $0.30 per share was declared.
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced that its executives, including Chair and CEO Rick Matros, CFO Michael Costa, CIO Talya Nevo-Hacohen, and SVP of Finance Lukas Hartwich, will attend Citi's Global Property CEO Conference. This event will take place from March 6 - 9, 2022 at The Diplomat Beach Resort in Hollywood, Florida. The company operates as a self-administered REIT, focusing on real estate investments in the healthcare sector across the United States and Canada.
Sabra Health Care REIT (NASDAQ: SBRA) announced key executives will participate in two upcoming conferences. Rick Matros (CEO), Michael Costa (CFO), Talya Nevo-Hacohen (CIO), and Lukas Hartwich (SVP Finance) will attend the 25th Annual Wells Fargo Real Estate Securities Conference virtually on February 23-24, 2022. Additionally, Darrin Smith (EVP of Investments) and the investments team will participate in the 7th Annual InterFace Seniors Housing West Conference on February 24, 2022, at Omni Hotel, Los Angeles, where Mr. Smith will speak about the “Investment Market Update.”
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