secwatch.observer — SEC 8-K summary
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Issuer:     Sabra Health Care REIT, Inc. (SBRA)
CIK:        0001492298
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001492298-24-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492298/000149229824000007/0001492298-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492298/000149229824000007/sbra-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001492298-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer