secwatch.observer — SEC 8-K summary
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Issuer:     Sabra Health Care REIT, Inc. (SBRA)
CIK:        0001492298
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001492298-22-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sabra Q2 2022 FFO $0.36, Normalized AFFO $0.38; acquires $264.9M YTD; dividend $0.30/share
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- Q2 diluted FFO $0.36, Normalized FFO $0.39, AFFO $0.36, Normalized AFFO $0.38; net income $0.07.
- Year-to-date investments total $264.9M at 6.9% weighted avg initial yield, including 12 Canadian senior housing communities.
- Dispositions YTD $40.2M; six facilities under contract expected to generate over $210M by year-end.
- Net Debt/EBITDA 5.44x, target ~5.0x by year-end using disposition proceeds; dividend $0.30/share (79% payout of Normalized AFFO).
- Behavioral health portfolio now ~$730M (~13% of NOI); same-store managed AL cash NOI up >50% sequentially.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492298/000149229822000026/0001492298-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492298/000149229822000026/sbra-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001492298-22-000026

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