secwatch.observer — SEC 8-K summary
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Issuer:     Sabra Health Care REIT, Inc. (SBRA)
CIK:        0001492298
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001492298-25-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492298/000149229825000038/0001492298-25-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492298/000149229825000038/sbra-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001492298-25-000038

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