Welcome to our dedicated page for Sabra Health Care Reit news (Ticker: SBRA), a resource for investors and traders seeking the latest updates and insights on Sabra Health Care Reit stock.
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) generates frequent news and disclosures as a self-administered, self-managed real estate investment trust focused on healthcare properties in the United States and Canada. News coverage for SBRA commonly centers on its quarterly financial results, portfolio activity and capital markets actions, all of which provide insight into how the company manages its healthcare real estate platform.
Company press releases often highlight quarterly earnings, including net income, funds from operations (FFO), Adjusted FFO (AFFO) and related non-GAAP measures, along with operating metrics such as EBITDARM coverage for skilled nursing, senior housing and other segments, and same-store Cash NOI trends in its managed senior housing portfolio. These updates give investors and analysts a view into portfolio performance across skilled nursing and transitional care facilities, leased and managed senior housing communities, behavioral health facilities and specialty hospitals and other healthcare properties.
Sabra’s news flow also includes announcements about acquisitions of managed senior housing properties, transitions of senior housing portfolios to new operators, new investment awards and changes in its investment pipeline. Capital structure developments, such as new term loans, redemptions of senior notes, at-the-market equity offering programs and forward sale agreements, are disclosed through press releases and Form 8-K filings and are often discussed in conjunction with earnings.
Other recurring topics in SBRA news include credit rating actions, participation in industry conferences and investor events and senior leadership changes, such as executive appointments and retirements. Together, these updates provide context on Sabra’s strategy, portfolio composition and approach to financing growth. Investors who follow SBRA news can use this page to review earnings releases, transaction announcements, rating updates and corporate communications that shape the company’s healthcare real estate story over time.
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,
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.