Sabra Health Care REIT, Inc. Announces Tax Treatment of 2020 Distributions

Rhea-AI Summary

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.

Positive

• Total ordinary dividends of $1.3500 per share for 2020.
• 77.05% of dividends classified as non-qualified, which may provide tax benefits.

Negative

• Shareholders must hold shares for 45 days to qualify for certain tax benefits.

Sabra Health Care REIT, Inc. (NASDAQ: SBRA) announced today the tax treatment for its 2020 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid:

Sabra Health Care REIT, Inc.

Common Stock (CUSIP # 78573L106)

Record Date	Payable Date	Distribution per Share			Total Ordinary Dividends			Non- Qualified Dividends		Qualified Dividends		Non-Dividend Distributions
02/14/2020	02/28/2020	$ 0.4500000			$ 0.3467358			$ 0.3415646		$ 0.0051712		$ 0.1032642
05/18/2020	05/29/2020	0.3000000			0.2311572			0.2277097		0.0034475		0.0688428
08/17/2020	08/31/2020	0.3000000			0.2311572			0.2277097		0.0034475		0.0688428
11/16/2020	11/30/2020	0.3000000			0.2311572			0.2277097		0.0034475		0.0688428
		$ 1.3500000			$ 1.0402074			$ 1.0246937		$ 0.0155137		$ 0.3097926
		100.00%			77.05%							22.95%

The 2020 Non-Qualified Ordinary Dividends are also reported on Form 1099-DIV, Box 5, Section 199A Dividends. Treasury Regulation §1.199A-3(c)(2)(ii) requires that shareholders hold their REIT shares for at least 45 days in order for the dividends to be treated as Section 199A Dividends. Shareholders should consult with their tax advisors to determine whether this requirement affects any portion of the dividends included in Box 5.

About Sabra

Sabra Health Care REIT, Inc. (Nasdaq:SBRA), a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a "REIT") that, through its subsidiaries, owns and invests in real estate serving the healthcare industry throughout the United States and Canada.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210128005140/en/

FAQ

What are the 2020 distributions for Sabra Health Care REIT (SBRA)?

Sabra Health Care REIT announced total ordinary dividends of $1.3500 per share for 2020.

What percentage of Sabra's 2020 dividends are non-qualified?

77.05% of Sabra's dividends for 2020 are classified as non-qualified.

What is the requirement for Section 199A dividends treatment for SBRA shareholders?

Shareholders must hold their shares for at least 45 days to qualify for Section 199A dividends treatment.

How should shareholders of SBRA consult regarding their tax implications?

Shareholders should consult their tax advisors to understand the implications of the 2020 distributions on their taxes.