{"schema_version":"secwatch.filing_event.v1","accession":"0001492298-26-000023","form_type":"8-K","ticker":"SBRA","cik":"0001492298","company_name":"Sabra Health Care REIT, Inc.","filed_at":"2026-07-21T13:05:09+00:00","discovered_at":"2026-07-21T13:06:00.306988+00:00","generated_at":"2026-07-21T13:06:06.518329+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sabra raises FY 2026 Normalized FFO guidance 7% YoY; re-tenants 26 Avamere properties","bullets":["Entered LOI to re-tenant all 26 Avamere properties; 22 to Cascadia, 4 to existing tenant; annual cash rent expected $53M (up ~30% from $41M).","RCA mortgage settled for $200M cash repayment (vs $300M face); closed June 30, 2026; proceeds used to reduce revolver.","Net Debt to EBITDA pro forma declines from 5.0x to 4.8x; behavioral health concentration drops from 13% to 9% of cash NOI.","Full-year 2026 Normalized FFO guidance raised to $1.53-$1.55 per share (7% YoY increase at midpoint); AFFO guidance $1.58-$1.60.","Smaller portfolio initiatives expected to add over $9M annual cash NOI on run-rate basis."],"urls":{"canonical":"https://secwatch.observer/filing/0001492298-26-000023","json":"https://secwatch.observer/filing/0001492298-26-000023.json","markdown":"https://secwatch.observer/filing/0001492298-26-000023.md","text":"https://secwatch.observer/filing/0001492298-26-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1492298/000149229826000023/0001492298-26-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1492298/000149229826000023/sbra-20260721.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-21T13:06:06.518329+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}