---
schema_version: "secwatch.filing_event.v1"
accession: "0001492298-25-000030"
form_type: "8-K"
ticker: "SBRA"
cik: "0001492298"
company_name: "Sabra Health Care REIT, Inc."
filed_at: "2025-08-04T23:59:59+00:00"
generated_at: "2026-05-17T21:25:43.885214+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sabra Q2 Normalized FFO $0.37; invests $122M YTD; closes $500M term loan; updates FY guidance

## Summary
- Q2 Normalized FFO $0.37, Normalized AFFO $0.38, Net Income $0.27 per diluted share.
- Closed $500M unsecured term loan at fixed 4.64% due 2030; redeemed $500M 5.125% notes due 2026.
- Invested $122.3M YTD in senior housing at 7.5-7.7% cash yields; awarded $220M additional investments.
- Same store managed senior housing Cash NOI up 17.1% YoY; EBITDARM coverage improved across all segments.
- Updated FY2025 guidance: Normalized FFO $1.45-$1.47, Normalized AFFO $1.49-$1.51; dividend $0.30/share.

## SEC filing metadata
- accession: 0001492298-25-000030
- form_type: 8-K
- ticker: SBRA
- cik: 0001492298
- company_name: Sabra Health Care REIT, Inc.
- filed_at: 2025-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1492298/000149229825000030/0001492298-25-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492298/000149229825000030/sbra-20250804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001492298-25-000030
- JSON: https://secwatch.observer/filing/0001492298-25-000030.json
- Plain text: https://secwatch.observer/filing/0001492298-25-000030.txt

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