secwatch.observer — SEC 8-K summary
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Issuer:     Sabra Health Care REIT, Inc. (SBRA)
CIK:        0001492298
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001492298-21-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492298/000149229821000049/0001492298-21-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492298/000149229821000049/sbra-20211103.htm
  HTML page:      https://secwatch.observer/filing/0001492298-21-000049

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