---
schema_version: "secwatch.filing_event.v1"
accession: "0001492298-22-000013"
form_type: "8-K"
ticker: "SBRA"
cik: "0001492298"
company_name: "Sabra Health Care REIT, Inc."
filed_at: "2022-02-22T23:59:59+00:00"
generated_at: "2026-06-27T06:05:59.584685+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sabra Q4 2021 net loss $0.11/diluted share; Avamere lease restructured; Canadian JV announced

## Summary
- Q4 net loss of $(0.11) per diluted share; Normalized FFO $0.39; Normalized AFFO $0.37.
- Avamere lease amended: annual base rent reduced ~30% to $30.7M; recapture opportunity as performance improves.
- Formed 50/50 JV with Sienna to acquire 11 Canadian senior housing communities for C$307.5M (USD $243M); expected Q2 2022 close.
- Skilled nursing occupancy declined sequentially due to Omicron; pro forma EBITDARM coverage 1.86x after Avamere rent cut.
- Dividend of $0.30/share declared; 81% Normalized AFFO payout ratio; Net Debt/Adj. EBITDA 4.98x.

## SEC filing metadata
- accession: 0001492298-22-000013
- form_type: 8-K
- ticker: SBRA
- cik: 0001492298
- company_name: Sabra Health Care REIT, Inc.
- filed_at: 2022-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1492298/000149229822000013/0001492298-22-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492298/000149229822000013/sbra-20220222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001492298-22-000013
- JSON: https://secwatch.observer/filing/0001492298-22-000013.json
- Plain text: https://secwatch.observer/filing/0001492298-22-000013.txt

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