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Sabra Health Care REIT Inc (SBRA.OQ)

SBRA.OQ on NASDAQ Stock Exchange Global Select Market

19.05USD
12:32pm EST
Change (% chg)

$0.09 (+0.47%)
Prev Close
$18.96
Open
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$19.18
Day's Low
$18.99
Volume
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Latest Key Developments (Source: Significant Developments)

Sabra Health Care REIT reports Q3 ‍FFO earnings per share of $0.34​
Wednesday, 1 Nov 2017 04:05pm EDT 

Nov 1 (Reuters) - Sabra Health Care REIT Inc :Sabra reports third quarter 2017 results and improved balance sheet with leverage lowered to 4.79x; increases quarterly common stock dividend by 5%; reports smooth integration of CCP and subsequent investments; reaffirms 2017 and 2018 guidance.Quarterly ‍ffo earnings per share $0.34​.Quarterly ‍normalized FFO per share $0.63​.Quarterly ‍affo earnings per share $0.56​.Quarterly ‍normalized AFFO earnings per share $0.60​.Quarterly ‍total revenues of $111.8 million versus $61.9 million.  Full Article

Sabra Health Care Reit prices public offering of 16 mln shares of common stock
Monday, 25 Sep 2017 10:30pm EDT 

Sept 26 (Reuters) - Sabra Health Care Reit Inc :Sabra Health Care Reit prices public offering of 16,000,000 shares of common stock.Announced pricing of an underwritten public offering of 16 million shares of its common stock at a price to public of $21.00 per share.  Full Article

Sabra Health Care REIT announces public offering of 16,000,000 shares of common stock
Monday, 25 Sep 2017 04:24pm EDT 

Sept 25 (Reuters) - Sabra Health Care REIT Inc :Sabra Health Care REIT announces public offering of 16,000,000 shares of common stock.Sabra Health Care REIT Inc - ‍intends to use net proceeds from offering to repay borrowings outstanding on Sabra's revolving credit facility​.  Full Article

Sabra moves through Sabra 2.0 with the CCP acquisition to Sabra 3.0
Monday, 25 Sep 2017 04:23pm EDT 

Sept 25 (Reuters) - Sabra Health Care Reit Inc :Sabra quickly moves through Sabra 2.0 with the CCP acquisition to Sabra 3.0; follows up announcement of $371 million investment in enlivant joint ventures with (1) $430 million sale/leaseback transaction with a premier SNF operator and (2) a divestiture p.Sabra Health Care REIT Inc - ‍it has begun process of marketing for sale its remaining 43 facilities leased to genesis healthcare, inc​.Sabra Health Care REIT Inc - ‍updated 2018 outlook for normalized affo per share at a range of $2.33 to $2.39​.Sabra Health Care REIT Inc - ‍reaffirms 2017 outlook and updates 2018 outlook​.Sabra Health Care REIT Inc sees 2018 normalized ffo attributable to common stockholders $ 2.48 to $ 2.54.Sabra Health Care REIT Inc - ‍divestiture plan for entire genesis portfolio in 2018​.  Full Article

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

BRIEF-Sabra Health Care REIT reports Q3 ‍FFO earnings per share of $0.34​

* Sabra reports third quarter 2017 results and improved balance sheet with leverage lowered to 4.79x; increases quarterly common stock dividend by 5%; reports smooth integration of CCP and subsequent investments; reaffirms 2017 and 2018 guidance