secwatch.observer — SEC 8-K summary
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Issuer:     Sabra Health Care REIT, Inc. (SBRA)
CIK:        0001492298
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001492298-26-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492298/000149229826000007/0001492298-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492298/000149229826000007/sbra-20260212.htm
  HTML page:      https://secwatch.observer/filing/0001492298-26-000007

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