---
schema_version: "secwatch.filing_event.v1"
accession: "0001492298-22-000019"
form_type: "8-K"
ticker: "SBRA"
cik: "0001492298"
company_name: "Sabra Health Care REIT, Inc."
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:37:08.470282+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sabra Q1 Normalized AFFO $0.38 per share; dividend $0.30; skilled nursing occupancy rebounds

## Summary
- Q1 net income $0.18/diluted share; FFO $0.39; Normalized FFO $0.38; AFFO $0.39; Normalized AFFO $0.38.
- Board declared $0.30 quarterly cash dividend, payable May 31; payout ratio 79% of Normalized AFFO.
- Skilled nursing occupancy recovered to 76.5% in March from Jan low of 74.6%; seven largest tenants up sequentially.
- Same-store senior housing managed: REVPOR up ~6% YoY in assisted living; Cash NOI +11% sequential, +18% YoY.
- Acquired managed senior housing for $26M at 6.7% initial yield; liquidity $1.0B; Net Debt/Adj. EBITDA 5.11x.

## SEC filing metadata
- accession: 0001492298-22-000019
- form_type: 8-K
- ticker: SBRA
- cik: 0001492298
- company_name: Sabra Health Care REIT, Inc.
- filed_at: 2022-05-04T23:59:59+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/1492298/000149229822000019/0001492298-22-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492298/000149229822000019/sbra-20220504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001492298-22-000019
- JSON: https://secwatch.observer/filing/0001492298-22-000019.json
- Plain text: https://secwatch.observer/filing/0001492298-22-000019.txt

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