---
schema_version: "secwatch.filing_event.v1"
accession: "0001492298-25-000015"
form_type: "8-K"
ticker: "SBRA"
cik: "0001492298"
company_name: "Sabra Health Care REIT, Inc."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T17:09:49.022260+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sabra Q1 FFO $0.35, AFFO $0.37; same-store senior housing NOI up 16.9% YoY

## Summary
- Net income $0.17/diluted share, FFO $0.36, Normalized FFO $0.35, AFFO $0.37.
- Same-store managed senior housing Cash NOI +16.9% YoY; skilled nursing EBITDARM coverage 2.19x.
- Awarded >$200M of senior housing acquisitions with high-7% yields; expects near-term close.
- Board declared $0.30 Q2 dividend payable May 30; Fitch affirmed BBB-/Stable.
- Net Debt/Adjusted EBITDA 5.19x; liquidity ~$1.1B; forward ATM shares at $17.32.

## SEC filing metadata
- accession: 0001492298-25-000015
- form_type: 8-K
- ticker: SBRA
- cik: 0001492298
- company_name: Sabra Health Care REIT, Inc.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1492298/000149229825000015/0001492298-25-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492298/000149229825000015/sbra-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001492298-25-000015
- JSON: https://secwatch.observer/filing/0001492298-25-000015.json
- Plain text: https://secwatch.observer/filing/0001492298-25-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.