earnings
confidence high
sentiment neutral
materiality 0.65
Sabra Q4 2022 net loss $0.37/diluted share; Normalized FFO $0.37; dividend $0.30
Sabra Health Care REIT, Inc.
2022-FY EPS reported
-$0.34
revenue$624,811,000
- Q4 2022 net loss per diluted share $(0.37); Normalized FFO $0.37, AFFO $0.34.
- Completed transition of 24 North American facilities to Ensign/Avamere with initial annual rent $34.5M.
- Acquired 85% interest in three Canadian senior housing managed JV for $52.1M at 7.6% stabilized yield.
- Subsequent to Q4: $158.7M gross proceeds from dispositions; acquired managed senior housing for $40.8M at 7.3% yield.
- Declared quarterly dividend $0.30/share payable Feb 28, 2023; pro forma Net Debt/EBITDA 5.38x.