Last $28.79 USD
Change Today +0.08 / 0.28%
Volume 216.5K
As of 8:10 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

sabra health care reit inc (SBRA) Key Developments

Sabra Health Care REIT, Inc., Annual General Meeting, Jun 24, 2014

Sabra Health Care REIT, Inc., Annual General Meeting, Jun 24, 2014., at 12:00 US Eastern Standard Time.

Sabra Mulls Acquisitions

Sabra Health Care REIT, Inc. (NasdaqGS:SBRA) is seeking acquisition opportunities. Sabra Health Care plans to offer 7 million shares of its common stock in an underwritten public offering Sabra intends to use a portion of the net proceeds from the offering to repay borrowings outstanding on Sabra's revolving credit facility. The remaining proceeds to Sabra will be used to fund possible future acquisitions or for general corporate purposes.

Sabra Health Care REIT, Inc. Declares Quarterly Dividend on Common Stock and Preferred Stock, Payable on May 30, 2014

Sabra Health Care REIT, Inc. announced that its board of directors declared a quarterly cash dividend of $0.38 per share of common stock, representing a 6% increase. The dividend will be paid on May 30, 2014 to common stockholders of record as of the close of business on May 15, 2014. Also on May 5, 2014, board of directors declared a quarterly cash dividend of $0.4453125 per share of Series A Preferred Stock. The dividend will be paid on May 30, 2014 to preferred stockholders of record as of the close of business on May 15, 2014.

Sabra Health Care Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Sabra Health Care reported consolidated earnings results for the first quarter ended March 31, 2014. For the first quarter of 2014, the company recognized Normalized FFO of $21.7 million or $0.55 per diluted common share, FFO loss of $0.5 million or $0.01 loss per diluted common share, Normalized AFFO of $21.1 million or $0.53 per diluted common share and AFFO of $0.3 million or $0.01 per diluted common share, compared to Normalized FFO and FFO of $17.5 million or $0.46 per diluted common share and Normalized AFFO and AFFO of $16.6 million or $0.43 per diluted common share for the same period in 2013. During the first quarter, revenues increased 28% over the same period in 2013, from $32.0 million to $40.9 million. The company recognized EBITDA of $13.2 million and adjusted EBITDA of $35.0 million compared to $27.8 million and $27.3 million, respectively, during the first quarter of 2013. Net loss attributable to common stockholders was $9.9 million or $0.25 per diluted common share, compared to net income attributable to common stockholders of $9.3 million or $0.25 per diluted common share for the same period in 2013. Included in net loss attributable to common stockholders during the first quarter of 2014 was $22.1 million or $0.56 per diluted common share of losses on extinguishment of debt resulting primarily from redemption related costs and write-offs associated with the tender offer and redemption of $211.3 million of 8.125% senior unsecured notes due 2018. The company generated $1.2 million of cash from operating activities compared to $21.6 million during the same period of 2013. The lower amount of cash from operating activities during the first quarter of 2014 is primarily the result of the $20.8 million cash portion of the loss on extinguishment of debt.

Sabra Health Care REIT, Inc. Presents at REITWeek: NAREIT's Investor Forum, Jun-05-2014 08:00 AM

Sabra Health Care REIT, Inc. Presents at REITWeek: NAREIT's Investor Forum, Jun-05-2014 08:00 AM. Venue: Waldorf Astoria New York, 301 Park Avenue, New York, NY 10022, United States. Speakers: Harold W. Andrews, Chief Financial Officer, Principal Accounting Officer, Executive Vice President, Secretary and Controller, Richard K. Matros, Chairman, Chief Executive Officer and President, Talya Nevo-Hacohen, Chief Investment Officer, Executive Vice President and Treasurer.

 

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