Sabra Q4 2023 Normalized FFO $0.32/sh; guides 2024 Normalized FFO $1.34-$1.38, implying 5% YoY growth

Sabra Health Care REIT, Inc.

2023-FY EPS reported $0.06 revenue$647,514,000

Q4 2023 Net income $0.07/sh; Normalized FFO $0.32; AFFO $0.32.
Acquired two skilled nursing facilities from Ignite for $38.8M at 9.5% cash lease yield.
Declared Q1 2024 dividend $0.30/sh, payable Feb 29, record Feb 13.
2024 guidance: Normalized FFO $1.34-$1.38, AFFO $1.38-$1.42/sh; 5-6% YoY growth.
EBITDAR coverage: skilled nursing 1.78x, senior housing leased 1.28x, improved.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sabra Health Care REIT, Inc. reported the fourth quarter of 2023 results: net income $0.07. Guidance initiated.

Period: the fourth quarter of 2023
Net income: $0.07
Guidance: initiated
Result: reported results

Exact text from the filing

Sabra Health Care REIT, Inc. (“Sabra,” the “Company” or “we”) (Nasdaq: SBRA) today announced its results of operations for the fourth quarter of 2023. FOURTH QUARTER 2023 RESULTS AND RECENT EVENTS • Results per diluted common share for the fourth quarter of 2023 were as follows: • Net Income: $0.07

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Sabra Health Care REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001492298-24-000007

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