Sabra Publishes Third Annual Sustainability Report

Rhea-AI Summary

Sabra Health Care REIT, Inc. (SBRA) releases its third annual Sustainability Report, highlighting its ESG priorities and initiatives, including environmental stewardship, diversity, equity, and inclusion, and human capital management. Key accomplishments include establishing a robust ESG utility collection, launching a $5M Green Links Fund, and upholding commitment to diversity, equity, and inclusion.

Positive

• Sabra's commitment to diversity, equity, and inclusion is a positive reflection of its values and corporate culture, which can enhance its reputation and attract socially responsible investors.

Negative

• None.

IRVINE, Calif.--(BUSINESS WIRE)-- Sabra Health Care REIT, Inc. (“Sabra,” or “we”) (Nasdaq: SBRA) today released its third annual Sustainability Report.

The report showcases our programs, policies and initiatives that support our environmental, social and governance (ESG) priorities of environmental stewardship; diversity, equity and inclusion; human capital management; protection of health, wellness and safety of our stakeholders; engagement and collaboration with our operators and tenants; cybersecurity; corporate governance; and community service. These ESG principles are intrinsically tied to our objective to drive shareholder value by operating efficiently, sustainably and with our stakeholders’—investors, tenants, teammates and the communities in which we invest—best interests in mind.

“It was a year of forward leaps to advance our ESG framework and E-Initiative Roadmap, both in scope and transparency,” said Rick Matros, Sabra’s Chief Executive Officer, President and Chair of the Board. “The investments we’ve made in our properties, people and tenants will improve the lives of the residents and working environments for our teammates and the staff of the facilities that we own. Supporting our operators remains a major focus, and with the launch of our Green Links Fund, we are working collaboratively with our NNN tenants to track and report their energy and water efficiency improvements as well as fund initiatives at their properties.”

Key accomplishments include:

• Established robust ESG utility collection and data repository, including over 238 properties across more than 25 managed and NNN operators, while expanding integrated climate risk ratings and scenario analysis in originations and asset management.
• Launched an initial $5M Green Links Fund designed to provide our NNN tenants access to capital to fund energy and water efficiency initiatives.
• Upheld our commitment to diversity, equity and inclusion, including providing a collaborative culture and workplace, competitive compensation and supporting work-life balance for our team.
• Initiated and co-sponsored WISE Forum event to bring like-minded healthcare REITs and solution providers together to collaboratively address critical industry issues, including ESG-related property and medical technologies that could further bolster tenants’ health and wellness objectives.

Sabra remains committed to furthering our ESG efforts to promote safer and healthier environments for our teammates and residents and to improve outcomes and patient experience.

Sabra’s 2022 Sustainability Report is available on the company’s website.

Sabrahealth.com/about/esg

About Sabra

Sabra Health Care REIT, Inc., 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.

Forward-Looking Statements Safe Harbor

This release contains “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. Any statements that do not relate to historical or current facts or matters are forward-looking statements. These statements may be identified, without limitation, by the use of “expects,” “believes,” “intends,” “should” or comparable terms or the negative thereof. Examples of forward-looking statements include all statements regarding the expected results of our investments in our properties, people and tenants.

Our actual results may differ materially from those projected or contemplated by our forward-looking statements as a result of various factors, including, among others, the risks and uncertainties found in our filings with the Securities and Exchange Commission, including in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2022. We do not intend, and we undertake no obligation, to update any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, unless required by law to do so.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230724209968/en/

Investor & Media Inquiries: 1-888-393-8248 or investorinquiries@sabrahealth.com

Source: Sabra Health Care REIT, Inc.

FAQ

What is the main focus of Sabra Health Care REIT, Inc.'s Sustainability Report (SBRA)?

The report showcases the company's programs, policies, and initiatives that support its environmental, social, and governance (ESG) priorities.

What are some key accomplishments highlighted in the report?

Key accomplishments include establishing a robust ESG utility collection, launching a $5M Green Links Fund, and upholding commitment to diversity, equity, and inclusion.

Where can the 2022 Sustainability Report be accessed?

Sabra's 2022 Sustainability Report is available on the company’s website.