Sabra Health Care REIT, Inc. reports developments tied to its role as a self-administered, self-managed healthcare real estate investment trust. Through subsidiaries, the company owns and invests in real estate serving the healthcare industry in the United States and Canada, with property categories that include nursing facilities, assisted living centers and mental health facilities.
Recurring news includes quarterly earnings releases and conference calls, common dividend declarations, investor and real estate conference participation, and capital-structure or material-agreement updates associated with its REIT financing and portfolio activities.
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) will release its 2022 first quarter earnings on May 4, 2022, post-market close. A conference call to discuss these results is scheduled for May 5, 2022, at 10:00 a.m. Pacific Time. Participants can join via dial-in numbers provided for U.S. and international callers. The call will be broadcasted live and a digital replay will be accessible on their website. Sabra operates as a self-managed REIT focused on healthcare real estate investments across the U.S. and Canada.
Sabra Health Care REIT (SBRA) has become an Alliance Member of the Well Living Lab, collaborating on the WISE initiative to improve health outcomes in senior living environments. This partnership aims to enhance research on how indoor conditions affect well-being. Notably, Enlivant, one of Sabra's major operators, achieved the WELL Health-Safety Rating for its entire portfolio, underlining Sabra's commitment to ESG initiatives. The collaboration seeks to develop practical solutions for healthier living spaces, benefiting both residents and the senior care industry.
On April 5, 2022, Sabra Health Care REIT (NASDAQ: SBRA) announced that its leadership team, including Chair and CEO Rick Matros, CIO Talya Nevo-Hacohen, and SVP Jessica Flores, will participate in the Credit Suisse Inaugural Healthcare REIT Summit in New York. This event aims to enhance discussions on the healthcare real estate sector and Sabra's commitment to investing in healthcare properties across the U.S. and Canada.
Sabra Health Care REIT (NASDAQ: SBRA) is participating in the 2022 NIC Spring Conference from March 23-25, 2022, at the Omni Dallas Hotel in Texas. Key representatives, including Chief Investment Officer Talya Nevo-Hacohen and Executive VP of Investments Darrin Smith, will be attending the event. Sabra operates as a self-administered, self-managed REIT, focusing on real estate investments in the healthcare sector across the U.S. and Canada.
Sabra Health Care REIT (SBRA) reported a net loss of $0.11 per diluted common share for Q4 2021, with funds from operations (FFO) at $0.11 and normalized FFO at $0.39. The results included a $18.6 million lease intangible amortization related to Avamere. Despite a 30% rent reduction agreed with Avamere, 99.6% of forecasted rents have been collected during the pandemic. The company made significant investments totaling $419.4 million in 2021, maintaining strong liquidity of $1.1 billion. A quarterly dividend of $0.30 per share was declared.
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced that its executives, including Chair and CEO Rick Matros, CFO Michael Costa, CIO Talya Nevo-Hacohen, and SVP of Finance Lukas Hartwich, will attend Citi's Global Property CEO Conference. This event will take place from March 6 - 9, 2022 at The Diplomat Beach Resort in Hollywood, Florida. The company operates as a self-administered REIT, focusing on real estate investments in the healthcare sector across the United States and Canada.
Sabra Health Care REIT (NASDAQ: SBRA) announced key executives will participate in two upcoming conferences. Rick Matros (CEO), Michael Costa (CFO), Talya Nevo-Hacohen (CIO), and Lukas Hartwich (SVP Finance) will attend the 25th Annual Wells Fargo Real Estate Securities Conference virtually on February 23-24, 2022. Additionally, Darrin Smith (EVP of Investments) and the investments team will participate in the 7th Annual InterFace Seniors Housing West Conference on February 24, 2022, at Omni Hotel, Los Angeles, where Mr. Smith will speak about the “Investment Market Update.”
On February 7, 2022, org value="NASDAQ-NMS:SBRA"Sabra Health Care REIT announced the resignation of Raymond J. Lewis from its Board of Directors. CEO Rick Matros acknowledged Lewis's significant contributions, particularly during the merger with CCP. Lewis expressed gratitude and confidence in Sabra's leadership to face post-COVID challenges. Sabra is a self-administered, self-managed REIT focused on real estate in the healthcare sector across the US and Canada.
Sabra Health Care REIT, Inc. (SBRA) and Sienna Senior Living have announced a pending acquisition of a senior housing portfolio in Canada for C$307.5 million (USD $243 million). This acquisition, funded by cash on hand, includes 11 communities primarily in Ontario and Saskatchewan, with an average age of six years, poised to capture demand from Canada’s growing senior population. Sabra's involvement equates to approximately C$154 million (USD $121 million), structured as a 50/50 joint venture with Sienna operating the portfolio, aiming for improved performance and value creation.
Sabra Health Care REIT (NASDAQ: SBRA) announced a definitive agreement to amend its master lease with tenant Avamere Group. Effective February 1, 2022, Avamere's annual base rent will be reduced by 30%, from $44.1 million to $30.7 million, impacting Sabra's earnings by approximately $0.06 per diluted common share. This restructuring aims to provide Avamere with financial relief while allowing Sabra to benefit from potential future revenue growth. Additionally, Avamere will fund a $7.7 million security deposit and has addressed past due rents totaling $7.3 million.