secwatch.observer — SEC 8-K summary
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Issuer:     Sabra Health Care REIT, Inc. (SBRA)
CIK:        0001492298
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001492298-23-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sabra Q3 net loss $0.07, FFO $0.33; senior housing managed occupancy up 170 bps to 81.9%
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- Net loss per diluted share $0.07; FFO $0.33; Normalized FFO $0.33; AFFO $0.35.
- Generated $80M gross proceeds from sale of 13 skilled nursing and two senior housing facilities, used to reduce revolver.
- Same-store senior housing managed occupancy up 170 bps sequentially to 81.9%; Cash NOI up 28.2% YoY.
- Declared $0.30/share quarterly dividend payable Nov 30, 2023 to holders of record Nov 17.
- CEO stated cost of capital improvement opening door to external growth; strategy focused on lower-risk singles/doubles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492298/000149229823000024/0001492298-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492298/000149229823000024/sbra-20231106.htm
  HTML page:      https://secwatch.observer/filing/0001492298-23-000024

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