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 (SBRA) released its Q3 2021 operational results, reporting net income of $0.05 per share and FFO of $0.27. A significant write-off of $25.2 million in rent receivables related to Avamere impacted earnings. Despite this, the company maintained a robust EBITDARM coverage of 2.09x. Year-to-date, Sabra has made investments totaling $396.7 million, with a strong cash yield of 7.55%. The company reaffirmed its full-year guidance for Normalized FFO and AFFO. A quarterly dividend of $0.30 per share was declared, reflecting a 79% payout of Normalized AFFO.
Sabra Health Care REIT (Nasdaq: SBRA) announced that its key executives will participate in Nareit's REITworld 2021 Annual Conference, scheduled for November 9-11, 2021. The attending executives include Rick Matros (Chair and CEO), Harold Andrews (CFO), Talya Nevo-Hacohen (CIO), and Michael Costa (EVP and Chief Accounting Officer). Sabra, headquartered in Maryland, operates as a self-administered and self-managed REIT, focusing on real estate investments in the healthcare sector across the U.S. and Canada.
Sabra Health Care REIT, Inc. (NASDAQ: SBRA) announced the addition of Lukas Hartwich as Senior Vice President – Finance and Eliza Gozar as Senior Vice President – Investments. Hartwich brings 15 years of experience from Green Street, while Gozar joins with over 24 years in the field, including significant roles at American Healthcare Investors and HCP, Inc. CEO Rick Matros expressed enthusiasm for their expertise, highlighting their fit with Sabra's culture.
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) will release its 2021 third quarter earnings on November 3, 2021. A conference call, including a webcast, is scheduled for November 4 at 10:00 a.m. PT. U.S. participants can dial 844-862-3710 and international participants can call 612-979-9902 with conference ID 2558322. A digital replay of the call will be accessible via the company's website.
Sabra operates as a self-managed REIT, focusing on healthcare-related real estate across the U.S. and Canada.
Sabra Health Care REIT (Nasdaq: SBRA) announced participation in the 2021 NIC Fall Conference from November 1-3, 2021, at the Marriott Marquis in Houston, Texas. Key company representatives include Chief Investment Officer Talya Nevo-Hacohen and Executive Vice President of Investments Darrin Smith. Sabra, based in Maryland, operates as a self-administered, self-managed real estate investment trust dedicated to healthcare real estate in the U.S. and Canada.
Sabra Health Care REIT (NASDAQ: SBRA) announced on October 15, 2021, the closing of a $290 million mortgage loan for six addiction treatment centers operated by Recovery Centers of America. The total loan is $325 million, with a remaining tranche of $35 million contingent upon performance. Additionally, Sabra acquired a 113-unit senior property in Jasper, Indiana, for $26.3 million, entering a 15-year lease with a starting rate of 6.93%. On October 1, 2021, Sabra transitioned three skilled nursing facilities to affiliates of The Ensign Group under a 20-year lease with initial rent of $1.9 million.
Sabra Health Care REIT, Inc. (NASDAQ: SBRA) announced the pricing of an underwritten public offering of 6.8 million shares, with an additional 1.02 million shares option for underwriters. The offering is projected to close on October 15, 2021, aiming for gross proceeds of approximately $98.9 million, potentially $113.8 million if the additional share option is fully exercised. Proceeds will fund a $325 million mortgage loan to Recovery Centers of America and may also repay borrowings on its revolving credit facility.
Sabra Health Care REIT, Inc. (NASDAQ: SBRA) has launched an underwritten public offering of 6.8 million shares of common stock, with a potential additional 1.02 million shares for underwriters. The net proceeds, anticipated to be $325 million, will primarily finance a mortgage loan to Recovery Centers of America, secured by eight addiction treatment centers, or repay existing revolving credit facility borrowings. Joint book-running managers include Citigroup, Barclays, and Wells Fargo Securities. This offering follows an effective shelf registration statement with the SEC.
Sabra Health Care REIT (NASDAQ: SBRA) announced that Chief Investment Officer Talya Nevo-Hacohen will attend the 72nd AHCA/NCAL Convention and Expo on October 12, 2021. Nevo-Hacohen will participate in the Capital Solutions Panel, discussing financing strategies for healthcare providers of all sizes. The event will take place at the Gaylord National Resort and Convention Center in Maryland. Sabra focuses on owning and investing in healthcare-related real estate across the United States and Canada.
Sabra Health Care REIT, Inc. (SBRA) announced its subsidiary, Sabra Health Care Limited Partnership, has priced $800 million in 3.200% senior notes due 2031. The offering, under an SEC registration statement, is expected to close on September 30, 2021. Proceeds will be used to redeem existing 4.80% senior notes due 2024 and repay $345 million in term loans maturing on September 9, 2023, alongside funding future investments and general corporate purposes. The offering is managed by Wells Fargo Securities, BofA Securities, Credit Agricole, and J.P. Morgan.
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