Sabra Health Care Reit Inc Stock Price, News & Analysis

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.