secwatch.observer — SEC 8-K summary
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Issuer:     Sabra Health Care REIT, Inc. (SBRA)
CIK:        0001492298
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001492298-22-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492298/000149229822000019/0001492298-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492298/000149229822000019/sbra-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001492298-22-000019

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