secwatch.observer — SEC 8-K summary
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Issuer:     Sabra Health Care REIT, Inc. (SBRA)
CIK:        0001492298
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001492298-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sabra Q1 Normalized FFO $0.34, AFFO $0.35; reiterates FY guidance; $0.30 dividend
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- Q1 per diluted share: Net income $0.11, Normalized FFO $0.34, AFFO $0.35.
- EBITDARM coverage: Skilled Nursing 1.79x (excl. PRF), Senior Housing Leased 1.33x, Behavioral 3.77x.
- Board declared $0.30 quarterly dividend payable May 31, 2024 to holders of record May 20.
- Reiterated FY2024 guidance: Normalized FFO $1.34-$1.38, AFFO $1.38-$1.42, Net Income $0.53-$0.57.
- Liquidity $913.8M ($59.9M cash + $853.9M revolver); $500M ATM; CEO expects new investments in Q2 call.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492298/000149229824000013/0001492298-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492298/000149229824000013/sbra-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001492298-24-000013

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