Sabra Health Care Reit Inc Stock Price, News & Analysis

Sabra Health Care REIT (Nasdaq: SBRA) has received a positive outlook revision from Fitch Ratings, changing from Negative to Stable. Both Fitch and S&P Global Ratings affirmed Sabra's debt ratings at 'BBB-'. Fitch highlighted Sabra's robust financial policies during the pandemic, while S&P noted strong rent collections and minimal expected cash flow disruptions. CEO Rick Matros emphasized the company's commitment to maintaining a strong balance sheet amidst the pandemic's challenges.

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.

Sabra Health Care REIT (NASDAQ: SBRA) has appointed Katie Cusack to its Board of Directors. Currently COO of Cornell Capital LLC, Cusack has extensive experience in finance and healthcare, previously working at Credit Suisse and MTS Health Partners. Her appointment is expected to enhance the board's diversity and strength, complementing recent additions like Clif Porter and Ann Kono. CEO Rick Matros praised her unique skill set, emphasizing the company's strong leadership as it enters its second decade. Sabra is a self-administered REIT focused on healthcare real estate investments in the U.S. and Canada.

Sabra Health Care REIT announced the appointment of Michael Costa as Chief Accounting Officer, designated as the principal accounting officer by the Board of Directors. Costa has been with Sabra since its inception in 2010 and has over 15 years of experience in commercial real estate finance and accounting. He previously served as Executive Vice President - Finance since 2017. His educational background includes a master’s degree in Accounting from the University of Virginia. CFO Harold Andrews praised Costa’s contributions to the company's success over the past decade.

Sabra Health Care REIT (Nasdaq: SBRA) announced that its leadership team, including Chairman and CEO Rick Matros, CFO Harold Andrews, CIO Talya Nevo-Hacohen, and EVP Michael Costa, will participate in key industry conferences. They will attend the Capital One Securities Inaugural REIT Conference on January 11, 2021, followed by the Stifel 2021 Seniors Housing and Healthcare Real Estate Conference on January 19, 2021. Sabra is a self-managed REIT investing in healthcare-related real estate across the US and Canada.

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) has appointed Ann Kono to its Board of Directors. Kono, CEO of Leda Advisory Group, brings over 20 years of finance industry experience, including leadership roles at Ares Management Corporation. Kono's expertise includes data analytics and ESG, positioning her to enhance Sabra's Board effectively. CEO Rick Matros praised her unique skill set and emphasized the importance of culture and chemistry in the Board's dynamics. Sabra remains focused on real estate investments in the healthcare sector across the U.S. and Canada.

Sabra Health Care REIT (Nasdaq: SBRA) has appointed Clifton J. Porter II to its Board of Directors. Porter is currently the Senior Vice President at the American Healthcare Association/National Center for Assisted Living and brings over 31 years of experience in the long-term care sector. His background includes significant involvement in major legislation impacting skilled nursing and assisted living, such as the IMPACT Act and Medicaid reform. CEO Rick Matros emphasized Porter's unique policy expertise and relationships as essential for navigating post-COVID challenges.

Sabra Health Care REIT (Nasdaq: SBRA) announced its participation in Nareit’s REITworld 2020 Annual Conference from November 17-19, 2020. The company’s Chairman and CEO, Rick Matros, alongside other key executives, including CFO Harold Andrews and CIO Talya Nevo-Hacohen, will hold a virtual presentation on November 17 at 8:30 am Pacific. Sabra specializes in real estate investments serving the healthcare sector across the U.S. and Canada, operating as a self-administered, self-managed real estate investment trust.