|
|
|
|
|
10.09.25 - 13:06
|
Sabra Health Care REIT, Inc. Upgraded to Investment Grade Rating of Baa3 by Moody′s (Business Wire)
|
|
|
TUSTIN, Calif.--(BUSINESS WIRE)--$SBRA #InvGrade--Sabra Health Care REIT, Inc. (“Sabra”) (Nasdaq: SBRA) announced today that Moody's Ratings (“Moody's”) upgraded Sabra's senior unsecured notes rating to “Baa3” from “Ba1”, reflecting Sabra's continued strong operating performance and prudent financial management. In conjunction with this upgrade, Moody's has also assigned a “Baa3” issuer rating to Sabra, with a Stable outlook.
Moody's cited several key factors supporting the rating upgrade, including: sound operating performance, diversified portfolio, improving net debt to EBITDA, and the positive long-term outlook for senior housing. For additional information, Moody's report can be found on its website at www.moodys.com.
About Sabra
Sabra Health Care REIT, Inc., a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a “REIT”) that, through its subsidiaries, owns and invests in real estate serving the healthcare industry througho...
|
|
|
|
|
|
|
|
|
04.08.25 - 22:06
|
Sabra Reports Second Quarter 2025 Results; Updates 2025 Guidance (Business Wire)
|
|
|
TUSTIN, Calif.--(BUSINESS WIRE)--$SBRA #2Q25--Sabra Health Care REIT, Inc. (“Sabra,” the “Company” or “we”) (Nasdaq: SBRA) today announced its results of operations for the second quarter of 2025.
SECOND QUARTER 2025 RESULTS AND RECENT EVENTS
Results per diluted common share for the second quarter of 2025 were as follows:
Net Income: $0.27
FFO: $0.44
Normalized FFO: $0.37
AFFO: $0.37
Normalized AFFO: $0.38
EBITDARM Coverage Summary:
Skilled Nursing/Transitional Care: 2.27x
Senior Housing - Leased: 1.49x
Behavioral Health, Specialty Hospitals and Other: 3.87x
Same store managed senior housing Cash NOI increased 17.1% on a year-over-year basis.
In the second quarter of 2025, Sabra acquired a managed senior housing property for $53.0 million with an estimated initial cash yield of 7.5%. Subsequent to quarter end, Sabra closed on an additional $61.5 million investment with an estimated initial cash yield of 7.7%, bringing total investments closed year-to-date to $122.3 million.
Sabra has been awar...
|
|
|
|
|
22.07.25 - 22:09
|
Sabra Health Care REIT, Inc. Announces Second Quarter 2025 Earnings Release Date and Conference Call (Business Wire)
|
|
|
TUSTIN, Calif.--(BUSINESS WIRE)--$SBRA #2Q25--Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that it will issue its 2025 second quarter earnings release on August 4, 2025, after the close of trading.
A conference call with a simultaneous webcast to discuss the 2025 second quarter results will be held on Tuesday, August 5th at 10:00 a.m. Pacific Time. The dial-in number for U.S. participants is 888-880-4448. For participants outside the U.S., the dial-in number is 646-960-0572. The conference ID number is 1382596.
The webcast URL is https://events.q4inc.com/attendee/198851401. A digital replay of the call will be available on our website at www.sabrahealth.com.
About Sabra
Sabra Health Care REIT, Inc., a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a "REIT") that, through its subsidiaries, owns and invests in real estate serving the healthcare industry throughout the United States and Canada. Contacts
Investor & Media Inquiries: 1-888-393-8...
|
|
|
12.06.25 - 22:06
|
Sabra Health Care REIT, Inc. Thanks Clifton J. Porter II for His Board Service (Business Wire)
|
|
|
TUSTIN, Calif.--(BUSINESS WIRE)--$SBRA #BOARD--Rick Matros, the Chair and Chief Executive Officer of Sabra Health Care REIT, Inc. (“Sabra” or the “Company”) (Nasdaq: SBRA), issued the following statement today thanking Clifton J. Porter II for his five years of Board service to the Company: “On behalf of our Board of Directors, I want to thank Clif for his exemplary service to our Company. I know our Board and leadership team benefited greatly from his insights and expertise—I certainly did. We look forward to continuing to work with Clif in his capacity as the President and CEO of the American Health Care Association/National Center for Assisted Living (AHCA/NCAL), where we know he will continue to provide great leadership for the healthcare industry.”
Mr. Porter stated, “These past five years on the Sabra Board have been one of the highlights of my career. It has been a rewarding experience to work with such an accomplished group of leaders. An operational culture drives Sabra and I am c...
|
|
|
|
|
|
|
05.05.25 - 22:12
|
Sabra Reports First Quarter 2025 Results; Reiterates 2025 Guidance (Business Wire)
|
|
|
TUSTIN, Calif.--(BUSINESS WIRE)--$SBRA #1Q25--Sabra Health Care REIT, Inc. (“Sabra,” the “Company” or “we”) (Nasdaq: SBRA) today announced its results of operations for the first quarter of 2025.
FIRST QUARTER 2025 RESULTS AND RECENT EVENTS
Results per diluted common share for the first quarter of 2025 were as follows:
Net Income: $0.17
FFO: $0.36
Normalized FFO: $0.35
AFFO: $0.37
Normalized AFFO: $0.37
EBITDARM Coverage Summary:
Skilled Nursing/Transitional Care: 2.19x
Senior Housing - Leased: 1.41x
Behavioral Health, Specialty Hospitals and Other: 3.77x
Same store managed senior housing Cash NOI increased 16.9% on a year-over-year basis.
During the first quarter of 2025, Sabra exercised its option to acquire the second phase of its Legacy Living Jasper senior housing campus for $7.8 million. The investment was added to the existing Legacy Living master lease with an initial cash yield of 7.5%.
Sabra has been awarded over $200 million of newer vintage senior housing acquisition opportunities ...
|
|
|
24.03.25 - 14:21
|
Sabra Health Care REIT, Inc. Announces Chief Investment Officer Transition (Business Wire)
|
|
|
TUSTIN, Calif.--(BUSINESS WIRE)--$CIO #CIO--Sabra Health Care REIT, Inc. (“Sabra”) (Nasdaq: SBRA) today announced that Talya Nevo-Hacohen, Sabra's Chief Investment Officer, Treasurer and Executive Vice President, has decided to retire effective December 31, 2025 and Darrin Smith, Sabra's Executive Vice President, Investments, is expected to be elevated to the role of Sabra's Chief Investment Officer effective January 1, 2026. Ms. Nevo-Hacohen is expected to remain in a consulting role with Sabra pursuant to a two-year consulting arrangement.
Commenting on the CIO transition, Sabra's Chief Executive Officer, President and Chair of the Board, Rick Matros, said, “Talya has been a critical part of our leadership team since our formation in 2010. Her dedication and exceptional contributions have been invaluable to Sabra's success. She helped build, mentor and lead an incredible team of investment professionals. Thanks to her commitment and leadership, we are well positioned for her upcoming transiti...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19.02.25 - 22:06
|
Sabra Reports Fourth Quarter 2024 Results; Introduces 2025 Guidance (Business Wire)
|
|
|
TUSTIN, Calif.--(BUSINESS WIRE)--#4Q24--Sabra Health Care REIT, Inc. (“Sabra,” the “Company” or “we”) (Nasdaq: SBRA) today announced its results of operations for the fourth quarter of 2024.
FOURTH QUARTER 2024 RESULTS AND RECENT EVENTS
Results per diluted common share for the fourth quarter of 2024 were as follows:
Net Income: $0.19
FFO: $0.36
Normalized FFO: $0.35
AFFO: $0.36
Normalized AFFO: $0.36
EBITDARM Coverage Summary:
Skilled Nursing/Transitional Care: 2.09x
Senior Housing - Leased: 1.36x
Behavioral Health, Specialty Hospitals and Other: 3.66x
Same store managed senior housing Cash NOI increased 17.9% on a year-over-year basis.
As previously announced, in the fourth quarter of 2024, Sabra closed on the acquisition of a managed senior housing community operated by the Leo Brown Group for $24.0 million with an initial expected cash yield of 8.6%.
During the fourth quarter of 2024, Sabra closed on the dispositions of nine skilled nursing facilities and one behavioral health facility for ...
|
|