---
schema_version: "secwatch.filing_event.v1"
accession: "0001492298-21-000049"
form_type: "8-K"
ticker: "SBRA"
cik: "0001492298"
company_name: "Sabra Health Care REIT, Inc."
filed_at: "2021-11-03T23:59:59+00:00"
generated_at: "2026-06-28T13:53:00.345375+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sabra Q3 normalized AFFO $0.38; Avamere write-off $25.2M; reaffirms guidance

## Summary
- Q3 2021 normalized AFFO $0.38/diluted share; net income $0.05 includes $25.2M Avamere straight-line rent write-off.
- Avamere lease annual rent $44.1M; drew $7.9M from LC; wrote off $25.2M non-cash rent; occupancy recovered to 71%.
- Issued $800M 3.20% notes due 2031; redeemed $300M 4.80% notes; completed 7.8M-share equity offering for $112.6M net.
- YTD investments $396.7M at 7.55% yield; closed first $290M tranche of $325M RCA mortgage loan on addiction centers.
- Reaffirmed 2021 normalized FFO/AFFO guidance; declared $0.30 dividend (79% payout); net debt/EBITDA 4.81x.

## SEC filing metadata
- accession: 0001492298-21-000049
- form_type: 8-K
- ticker: SBRA
- cik: 0001492298
- company_name: Sabra Health Care REIT, Inc.
- filed_at: 2021-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1492298/000149229821000049/0001492298-21-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492298/000149229821000049/sbra-20211103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001492298-21-000049
- JSON: https://secwatch.observer/filing/0001492298-21-000049.json
- Plain text: https://secwatch.observer/filing/0001492298-21-000049.txt

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