Sabra Health Care REIT, Inc. Announces Tax Treatment of 2022 Distributions

Rhea-AI Summary

Sabra Health Care REIT, Inc. (NASDAQ: SBRA) has announced the tax treatment for its 2022 cash distributions. The total distribution per share is $1.20, which includes $0.87 categorized as ordinary dividends. The dividends consist of $0.22 as non-qualified and $0.08 as qualified dividends. Shareholders need to hold their shares for at least 45 days for dividends to qualify under Section 199A. The company also reported amounts for applicable partnership interests as $0.00. Investors are advised to consult tax advisors regarding the tax implications of these distributions.

Positive

• Total distribution per share of $1.20 indicates consistent dividend policy.
• Ordinary dividends of $0.87 reflect a strong cash position.

Negative

• None

IRVINE, Calif.--(BUSINESS WIRE)-- Sabra Health Care REIT, Inc. (NASDAQ: SBRA) announced today the tax treatment for its 2022 distributions. The following table summarizes, 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
02/11/2022	02/28/2022	$ 0.3000000		$ 0.2185411		$ 0.2185411		$ 0.0000000		$ 0.0841589
05/16/2022	05/31/2022	0.3000000		0.2185411		0.2185411		0.0000000		0.0814589
08/17/2022	08/31/2022	0.3000000		0.2185411		0.2185411		0.0000000		0.0814589
11/17/2022	11/30/2022	0.3000000		0.2185411		0.2185411		0.0000000		0.0814589
		$ 1.2000000		$ 0.8741644		$ 0.8741644		$ 0.0000000		$ 0.3258356
		100.00%		72.85%						27.15%

The 2022 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.

Pursuant to Treas. Reg. § 1.1061-6(c), the Company reports that for purposes of section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of “applicable partnership interests”.

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/20230127005407/en/

Investor & Media Inquiries:

1-888-393-8248

investorinquiries@sabrahealth.com

Source: Sabra Health Care REIT, Inc.

FAQ

What is the total distribution per share for SBRA in 2022?

The total distribution per share for Sabra Health Care REIT in 2022 is $1.20.

How much of the SBRA distribution is classified as ordinary dividends?

Out of the total distribution of $1.20, $0.87 is classified as ordinary dividends.

What are the tax implications of SBRA's 2022 distributions?

Shareholders must hold shares for at least 45 days for dividends to qualify under Section 199A, and $0.22 of the total is non-qualified dividends.

When were the distribution payments made by SBRA in 2022?

Distributions were made on various dates, including February 28, May 31, August 31, and November 30, 2022.