Principal firms disclose 9.9% Sabra Health Care REIT stake in 13G/A (SBRA)

Rhea-AI Filing Summary

Principal Real Estate Investors LLC and Principal Global Investors report beneficial ownership of 24,472,080 shares, or 9.9%, of Sabra Health Care REIT, Inc.

The filing shows no sole voting or dispositive power, with all 24,472,080 shares held with shared voting and shared dispositive power. Principal Real Estate Investors accounts for 21,331,583 shares, or 8.6% of the class, and Principal Global Investors for 3,140,497 shares, or 1.3%. The securities are certified as acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of Sabra.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Sabra Health Care REIT, Inc.

(Name of Issuer)

Common stock, $0.01 par value

(Title of Class of Securities)

78573L106

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 78573L106

1

Names of Reporting Persons

PRINCIPAL REAL ESTATE INVESTORS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 21,331,583.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 21,331,583.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,331,583.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 78573L106

1

Names of Reporting Persons

PRINCIPAL GLOBAL INVESTORS

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,140,497.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,140,497.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,140,497.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Sabra Health Care REIT, Inc.
(b)	Address of issuer's principal executive offices: 1781 FLIGHT WAY, TUSTIN, CALIFORNIA 92782
Item 2.
(a)	Name of person filing: PRINCIPAL REAL ESTATE INVESTORS LLC PRINCIPAL GLOBAL INVESTORS
(b)	Address or principal business office or, if none, residence: PRINCIPAL REAL ESTATE INVESTORS, LLC 711 HIGH STREET DES MOINES, Iowa 50392-0300 PRINCIPAL GLOBAL INVESTORS 711 HIGH STREET DES MOINES, Iowa 50392-0300
(c)	Citizenship: PRINCIPAL REAL ESTATE INVESTORS LLC - DELAWARE PRINCIPAL GLOBAL INVESTORS - DELAWARE
(d)	Title of class of securities: Common stock, $0.01 par value
(e)	CUSIP No.: 78573L106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 24,472,080
(b)	Percent of class: 9.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: PRINCIPAL REAL ESTATE INVESTORS LLC - 0 PRINCIPAL GLOBAL INVESTORS - 0
	(ii) Shared power to vote or to direct the vote: PRINCIPAL REAL ESTATE INVESTORS LLC - 21,331,583 PRINCIPAL GLOBAL INVESTORS - 3,140,497
	(iii) Sole power to dispose or to direct the disposition of: PRINCIPAL REAL ESTATE INVESTORS LLC - 0 PRINCIPAL GLOBAL INVESTORS - 0
	(iv) Shared power to dispose or to direct the disposition of: PRINCIPAL REAL ESTATE INVESTORS LLC - 21,331,583 PRINCIPAL GLOBAL INVESTORS - 3,140,497
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PRINCIPAL REAL ESTATE INVESTORS LLC

Signature:	/s/ J. Markham Penrod
Name/Title:	Chief Compliance Officer - North America, Principal Asset Management
Date:	02/05/2026

PRINCIPAL GLOBAL INVESTORS

Signature:	/s/ J. Markham Penrod
Name/Title:	Chief Compliance Officer - North America, Principal Asset Management
Date:	02/05/2026

Exhibit Information

This statement is filed by Principal Real Estate Investors LLC and Principal Global Investors LLC jointly pursuant to a Joint Filing Agreement, which is filed with this Schedule 13G as Exhibit 99.1.

FAQ

What ownership stake in Sabra Health Care REIT (SBRA) is reported in this Schedule 13G/A?

The filing reports beneficial ownership of 24,472,080 Sabra shares, representing 9.9% of the common stock. This total combines holdings attributed to Principal Real Estate Investors LLC and Principal Global Investors, with all shares held with shared voting and shared dispositive power as of December 31, 2025.

How many Sabra (SBRA) shares does Principal Real Estate Investors LLC report owning?

Principal Real Estate Investors LLC reports beneficial ownership of 21,331,583 Sabra common shares, equal to 8.6% of the class. All of these shares are held with shared voting and shared dispositive power, with no sole voting or sole dispositive authority reported in the filing.

What is Principal Global Investors’ reported position in Sabra Health Care REIT (SBRA)?

Principal Global Investors reports beneficial ownership of 3,140,497 Sabra common shares, representing 1.3% of the outstanding class. The filing states these shares are held with shared voting and shared dispositive power, with no sole voting or sole dispositive power over the shares.

Are the Sabra (SBRA) shares held by Principal entities intended to influence control of the company?

The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. It also notes they are not held in connection with any transaction intended to have that control-related purpose or effect.

Which entities jointly filed this Schedule 13G/A for Sabra Health Care REIT (SBRA)?

The Schedule 13G/A is filed jointly by Principal Real Estate Investors LLC and Principal Global Investors LLC. The document notes a Joint Filing Agreement, identified as Exhibit 99.1, under which these Delaware-organized entities report their combined beneficial ownership in Sabra.

As of what date is the reported Sabra (SBRA) ownership information effective in this filing?

The ownership information in this Schedule 13G/A is effective as of December 31, 2025. That date is identified as the event requiring the filing, and the reported share amounts and percentage of class, including the 9.9% aggregate stake, are stated as of that date.