---
schema_version: "secwatch.filing_event.v1"
accession: "0001492298-26-000007"
form_type: "8-K"
ticker: "SBRA"
cik: "0001492298"
company_name: "Sabra Health Care REIT, Inc."
filed_at: "2026-02-12T23:59:59+00:00"
generated_at: "2026-05-16T02:59:29.346601+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sabra Q4 FFO $0.36 per share; guides 2026 Normalized FFO $1.49-1.53 midpoint up 4.9% YoY

## Summary
- Q4 2025 net income $0.11/diluted share; Normalized FFO $0.36; AFFO $0.37; Normalized AFFO $0.38.
- Same-store managed senior housing Cash NOI up 12.6% YoY in Q4; full-year avg increase 15.0%.
- Acquired 4 managed senior housing properties for $150.5M (7.0% yield); total 2025 investments ~$450M avg 7.5% yield.
- Awarded $240M in new investments (senior housing & skilled nursing) expected to close in Q1/Q2 at ~8.0% yield.
- Declared Q1 2026 dividend $0.30/share, payable Feb 27; Net Debt/Adj EBITDA 5.00x.

## SEC filing metadata
- accession: 0001492298-26-000007
- form_type: 8-K
- ticker: SBRA
- cik: 0001492298
- company_name: Sabra Health Care REIT, Inc.
- filed_at: 2026-02-12T23:59:59+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/1492298/000149229826000007/0001492298-26-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492298/000149229826000007/sbra-20260212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001492298-26-000007
- JSON: https://secwatch.observer/filing/0001492298-26-000007.json
- Plain text: https://secwatch.observer/filing/0001492298-26-000007.txt

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