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Sabra Health Care REIT Inc (SBRA.OQ)

SBRA.OQ on NASDAQ Stock Exchange Global Select Market

22.21USD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Sabra enters into agreements to acquire 49 pct equity interest in senior housing joint ventures managed by Enlivant
Tuesday, 19 Sep 2017 04:05pm EDT 

Sept 19 (Reuters) - Sabra Health Care REIT Inc :Sabra enters into agreements to acquire 49% equity interest in senior housing joint ventures managed by Enlivant; closing expected prior to year end 2017; places Sabra on path to 100% ownership of portfolio.Says transaction values portfolio at $1.62 billion and Sabra's 49% minority interest investment at $371.0 million.Sabra Health Care REIT Inc - ‍Expects to finance the investment with proceeds from its revolving credit facility​.Sabra Health Care REIT - Under JV agreements, co will have right to designate three directors on seven member boards of Enlivant joint ventures.Sabra Health Care REIT Inc - Under joint venture agreements, co will have right to designate 3 directors on 7 member boards of Enlivant joint ventures.Sabra Health Care REIT - ‍ Also expects to finance investment cash generated from planned dispositions of certain facilities operated by Genesis Healthcare.Sabra Health Care REIT - Enlivant JV currently targeting 2018 NOI after management fees of about $100 to $105 million before projected capital expenditures.  Full Article

Sabra provides update on Care Capital Properties portfolio repositioning
Thursday, 7 Sep 2017 05:32pm EDT 

Sept 7 (Reuters) - Sabra Health Care Reit Inc :Sabra provides update on Care Capital Properties (“CCP”) portfolio repositioning; upgrades 2017 outlook and provides 2018 outlook with 15% growth in normalized affo per share post portfolio repositioning.Sabra Health Care REIT Inc - ‍2018 outlook reflects a 15% increase in normalized AFFO per share​.Sabra Health Care REIT Inc sees ‍2018 normalized FFO attributable to common stockholders $2.63 to $2.69​.Sabra Health Care REIT Inc sees 2017 FFO attributable to common stockholders $1.17 to $1.21 ‍​.Sabra Health Care REIT Inc sees ‍2018 FFO attributable to common stockholders $2.60 to $2.66​.Sabra Health Care REIT Inc sees 2017 AFFO attributable to common stockholders $2.04 to $2.08.F$2017 FFO per share view $2.31 -- Thomson Reuters I/B/E/S.F$2018 FFO per share view $2.49 -- Thomson Reuters I/B/E/S.Sabra Health Care REIT Inc sees 2017 normalized FFO attributable to common stockholders $2.47 to $2.51 ‍​.Sabra Health Care REIT Inc sees 2017 normalized AFFO attributable to common stockholders $2.29 to $2.33.Sabra Health Care REIT - Asset sales, reinvestment of proceeds to offset rent credits expected to begin immediately, but not expected to be fully realized until 2018‍​.Sabra-Will likely be short-term negative impact on normalized ffo per share, normalized AFFO per share from date of asset sales until proceeds are redeployed​.  Full Article

Sabra shareholders approve merger with Care Capital Properties
Tuesday, 15 Aug 2017 05:00pm EDT 

Aug 15 (Reuters) - Sabra Health Care Reit Inc ::Sabra shareholders approve merger with Care Capital Properties.Sabra Health Care Reit Inc - ‍transaction is currently scheduled to close on August 17, 2017.  Full Article

Sabra Health Care says ‍Egan-Jones Proxy Services recommends shareholders vote for stock issuance regarding pending deal with Care Capital​
Tuesday, 8 Aug 2017 06:00pm EDT 

Aug 8 (Reuters) - Care Capital Properties Inc :Sabra Health Care says ‍Egan-Jones Proxy Services recommends shareholders vote for stock issuance regarding pending deal with Care Capital​.  Full Article

Sabra Health Care REIT issues statement on report by ISS
Wednesday, 2 Aug 2017 01:26pm EDT 

Aug 2 (Reuters) - Sabra Health Care Reit Inc : :Sabra Health Care REIT Inc- ‍Issued statement in response to report recently issued by Institutional Shareholder Services Inc​.Sabra Health Care REIT - Reiterated unanimous recommendation of its board that shareholders vote "for" proposed merger with Care Capital Properties.  Full Article

Sabra Health Care REIT announces anticipated entry into $2.5 bln amended, restated credit facility
Monday, 31 Jul 2017 09:30am EDT 

July 31 (Reuters) - Sabra Health Care Reit Inc :Sabra Health Care REIT, Inc. announces anticipated entry into $2.5 billion amended and restated credit facility.Sabra Health Care REIT Inc - ‍revolving credit facility provides for a borrowing capacity of $1.0 billion​.Sabra Health Care REIT Inc - ‍revolving credit facility increases its U.S. dollar term loan to $900 million​.Sabra Health Care REIT Inc - ‍canadian dollar term loan remains at CAD $125 million​.Sabra Health Care - credit agreement will amend, restate third amended and restated unsecured credit agreement that was entered into on Jan. 14, 2016.Sabra Health Care REIT Inc - ‍credit agreement also provides for an additional $200 million U.S. dollar term loan​.Sabra Health Care REIT Inc - ‍up to $175 million of revolving credit facility may be used for borrowings in certain foreign currencies​.Sabra Health Care REIT - credit agreement also contains an accordion feature that can increase total available borrowings to $2.5 billion​.  Full Article

Hudson Bay Capital issues open letter to Sabra shareholders​
Monday, 31 Jul 2017 09:00am EDT 

July 31 (Reuters) - Sabra Health Care Reit Inc :Hudson Bay Capital issues open letter to Sabra shareholders​.Hudson Bay Capital Management Lp - urges Sabra Health Care REIT shareholders to vote against proposed acquisition of Care Capital.‍hudson Bay Capital says Sabra should explore all strategic alternatives to "maximize shareholder value", including putting itself up for sale​.  Full Article

Eminence Capital to vote against Sabra Health Care REIT, Care Capital Properties merger
Monday, 24 Jul 2017 08:00am EDT 

July 24 (Reuters) - Eminence Capital Lp::Eminence Capital to vote against merger between Sabra Health Care REIT Inc and Care Capital Properties Inc.  Full Article

Hudson Bay Capital issues open letter to Sabra shareholders
Thursday, 13 Jul 2017 09:30am EDT 

July 13 (Reuters) - Hudson Bay Capital::Hudson Bay Capital issues open letter to Sabra shareholders urging them to vote against proposed acquisition of Care Capital.Hudson Bay Capital says it beneficially owns approximately 3.2% of the common stock of Sabra Health Care REIT.  Full Article

Sabra Health Care reports Q1 FFO per share $0.54
Monday, 8 May 2017 04:05pm EDT 

May 8 (Reuters) - Sabra Health Care Reit Inc ::Sabra reports first quarter 2017 results; increases quarterly common dividend by 2.4% to $0.43 per share; provides 2017 outlook; S&P, Fitch and Moody's place Sabra on rating watch positive.Q1 adjusted FFO per share $0.55 .Quarterly FFO per share $0.54.Sees FY 2017 FFO per share $2.24 to $2.28.On May 8, 2017, board of directors declared a quarterly cash dividend of $0.43 per share of common stock.Q1 FFO per share view $0.58 -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $2.35 -- Thomson Reuters I/B/E/S.Sees FY AFFO per share attributable to common stockholders $2.22 - $2.26.  Full Article

BRIEF-Sabra enters into agreements to acquire 49 pct equity interest in senior housing joint ventures managed by Enlivant

* Sabra enters into agreements to acquire 49% equity interest in senior housing joint ventures managed by Enlivant; closing expected prior to year end 2017; places Sabra on path to 100% ownership of portfolio