---
schema_version: "secwatch.filing_event.v1"
accession: "0001492298-25-000038"
form_type: "8-K"
ticker: "SBRA"
cik: "0001492298"
company_name: "Sabra Health Care REIT, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:15:20.479009+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sabra Q3 2025: Normalized FFO $0.36; raises managed senior housing target to 40% of NOI

## Summary
- Q3 Normalized FFO $0.36 per share; AFFO $0.37; Net income $0.09 diluted.
- Same-store managed senior housing Cash NOI grew 13.3% YoY (15.9% ex-Holiday properties).
- Acquired six managed senior housing properties for $217.5M at 7.8% initial yield; YTD investments $421.9M.
- Moody's upgraded senior unsecured notes to Baa3, stable outlook; Net Debt/Adjusted EBITDA 4.96x.
- Board declared $0.30 quarterly dividend; updated 2025 Normalized FFO guidance $1.455-$1.465 per share.

## SEC filing metadata
- accession: 0001492298-25-000038
- form_type: 8-K
- ticker: SBRA
- cik: 0001492298
- company_name: Sabra Health Care REIT, Inc.
- filed_at: 2025-11-05T23:59:59+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/1492298/000149229825000038/0001492298-25-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492298/000149229825000038/sbra-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001492298-25-000038
- JSON: https://secwatch.observer/filing/0001492298-25-000038.json
- Plain text: https://secwatch.observer/filing/0001492298-25-000038.txt

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