---
schema_version: "secwatch.filing_event.v1"
accession: "0001492298-21-000038"
form_type: "8-K"
ticker: "SBRA"
cik: "0001492298"
company_name: "Sabra Health Care REIT, Inc."
filed_at: "2021-08-04T23:59:59+00:00"
generated_at: "2026-06-29T22:31:34.251404+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sabra Q2 net loss $(0.61)/share on $164M Enlivant impairment; CFO to retire Dec 31, 2021

## Summary
- Net loss per diluted share $(0.61) includes $(0.76) impairment on Enlivant JV; Normalized FFO $0.41, Normalized AFFO $0.40.
- Declared Q3 dividend $0.30/share (75% payout of Normalized AFFO); payable Aug 31, record Aug 17.
- Plans to exit Enlivant (49% stake) after impairment; TPG sought management fee changes; JV leverage 20.0x net debt/EBITDA.
- CFO Harold Andrews retiring Dec 31, 2021; Michael Costa (EVP Finance & CAO) to become CFO Jan 1, 2022; Andrews to consult 2 years.
- Full-year 2021 guidance: Normalized FFO $1.56-$1.58, Normalized AFFO $1.53-$1.55; $111M investments at 8.2% initial cash yield.

## SEC filing metadata
- accession: 0001492298-21-000038
- form_type: 8-K
- ticker: SBRA
- cik: 0001492298
- company_name: Sabra Health Care REIT, Inc.
- filed_at: 2021-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1492298/000149229821000038/0001492298-21-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492298/000149229821000038/sbra-20210804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001492298-21-000038
- JSON: https://secwatch.observer/filing/0001492298-21-000038.json
- Plain text: https://secwatch.observer/filing/0001492298-21-000038.txt

## Key facts
- Executive change
  Harold Andrews retired as Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary at Sabra Health Care REIT, Inc..
  - Action: retired
  - Role: Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary
  source text: Harold Andrews, the Company’s Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary, has decided to retire from Sabra, effective December 31, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1492298/000149229821000038/0001492298-21-000038-index.htm
- Executive change
  Michael Costa was appointed as Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary at Sabra Health Care REIT, Inc..
  - Action: appointed
  - Role: Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary
  source text: Michael Costa, Sabra’s Executive Vice President – Finance and Chief Accounting Officer, is expected to assume each of these positions effective January 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1492298/000149229821000038/0001492298-21-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.