Sabra Health Care Reit Inc Stock Price, News & Analysis

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, 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.

Sabra Health Care REIT (SBRA) will release its 2021 fourth quarter earnings on February 22, 2022, before market opens. A conference call to discuss the results will occur at 10:00 a.m. PST on the same day, with dial-in options for U.S. and international participants. Additionally, the board declared a quarterly cash dividend of $0.30 per share, payable on February 28, 2022, to stockholders on record as of February 11, 2022.

Sabra Health Care REIT, Inc. (NASDAQ: SBRA) has released its 2021 tax treatment for distributions, detailing cash distributions for tax purposes. Shareholders received a total of $1.20 per share, comprising $0.6249924 in ordinary dividends, with 52.08% classified as non-qualified. Additionally, the press release highlights regulatory requirements for dividends to qualify under Section 199A, necessitating a 45-day holding period. Investors are advised to consult tax advisors regarding potential impacts on their dividends.

Sabra Health Care REIT (NASDAQ: SBRA) announced that key executives, including CEO Rick Matros and CFO Michael Costa, will participate in the Stifel 2022 Seniors Housing and Healthcare Real Estate Conference virtually on January 27, 2022. The company, headquartered in Maryland, specializes in real estate investments serving the healthcare sector across the United States and Canada. This participation highlights Sabra's commitment to engaging with investors and staying informed about industry trends.