Sabra Healthcare REIT Inc (SBRAP) 25.71 $SBRAP
Sabra Health Care REIT, Inc. Reaffirms 2014 Normalized FFO and Normalized Affo Guidance
GlobeNewswire - 54 mins ago
Sabra Health Care REIT, Inc. ("Sabra", the "Company" or "we"
reaffirmed its guidance ranges for Normalized FFO and Normalized AFFO per diluted common share for the full year 2014. The reaffirmed guidance includes the impact of all investing and financing activity through May 12, 2014 (including our recently completed issuance of 8,050,000 shares of common stock and the use of the substantial majority of the proceeds thereof to repay borrowings outstanding on our revolving credit facility) and assumes that the remaining $30.1 million commitment under the Forest Park Medical Center - Fort Worth construction loan is funded with the proceeds remaining from our recently completed equity offering and available cash. No other investment or financing activities are assumed in the guidance. Commenting on the reaffirmed 2014 guidance, Rick Matros, CEO and Chairman, said, "We were able, from a timing perspective, to have the equity offering coincide with our investment activity to date, so that the dilution from the offering is effectively offset by the $166 million in investment activity to date. We also assume we'll finish out the construction financing for the Fort Worth hospital which is $30.1 million. The guidance does not include any other investment activity for the year despite our belief that our total investment activity for the year will still be in the $350-400 million range. Additionally, the equity offering allowed us to very quickly achieve our leverage ratio goal with that ratio dropping from 5.29x to 4.14x. Our capital available for investments currently stands at over $340 million inclusive of the availability under our revolving credit facility and availability under our ATM program should we choose to use that."
Sabra Acquires Indiana Senior Housing Campus in $23.8 Million Sale/Leaseback Transaction; Funds Additional Preferred Equity Investment of $1.7 Million
GlobeNewswire - Wed Apr 30, 4:04PM CDT
Sabra Health Care REIT, Inc. ("Sabra," the "Company" or "we" (Nasdaq:SBRA) (Nasdaq:SBRAP) announced today the acquisition of a senior housing campus in Fort Wayne, Indiana ("Park Place" for $23.8 million and a preferred equity investment for the completion of a memory care facility located in Colorado Springs, Colorado of $1.7 million.
Sabra Health Care REIT, Inc. Senior Management to Participate in the 2014 Jefferies Global Healthcare and Life Science REIT Conference
GlobeNewswire - Tue Apr 01, 4:15PM CDT
Sabra Health Care REIT, Inc. (Nasdaq:SBRA) announced today that Rick Matros, the Company's Chairman and Chief Executive Officer, Harold Andrews, the Company's Chief Financial Officer, and Talya Nevo-Hacohen, the Company's Chief Investment Officer, will be participating in the 2014 Jefferies Global Healthcare and Life Science REIT Conference to be held on Tuesday, April 8, 2014 in New York City.
Sabra Exercises Purchase Option on Two Skilled Nursing Facilites for $24.5 Million
GlobeNewswire - Wed Mar 05, 3:06PM CST
Sabra Health Care REIT, Inc. ("Sabra," the "Company" or "we" (Nasdaq:SBRA) (Nasdaq:SBRAP) announced today that it has exercised its option to purchase and completed the acquisition of two skilled nursing facilities with a total of 254 licensed beds for $24.5 million (the "Chai Acquisition". The facilities are located in Colorado Springs, Colorado and Fort Pierce, Florida and have 147 and 107 beds, respectively.
Sabra Health Care REIT, Inc. Reaffirms 2014 Normalized FFO and Normalized Affo Guidance
GlobeNewswire - 54 mins ago
Sabra Health Care REIT, Inc. ("Sabra", the "Company" or "we"
reaffirmed its guidance ranges for Normalized FFO and Normalized AFFO per diluted common share for the full year 2014. The reaffirmed guidance includes the impact of all investing and financing activity through May 12, 2014 (including our recently completed issuance of 8,050,000 shares of common stock and the use of the substantial majority of the proceeds thereof to repay borrowings outstanding on our revolving credit facility) and assumes that the remaining $30.1 million commitment under the Forest Park Medical Center - Fort Worth construction loan is funded with the proceeds remaining from our recently completed equity offering and available cash. No other investment or financing activities are assumed in the guidance. Commenting on the reaffirmed 2014 guidance, Rick Matros, CEO and Chairman, said, "We were able, from a timing perspective, to have the equity offering coincide with our investment activity to date, so that the dilution from the offering is effectively offset by the $166 million in investment activity to date. We also assume we'll finish out the construction financing for the Fort Worth hospital which is $30.1 million. The guidance does not include any other investment activity for the year despite our belief that our total investment activity for the year will still be in the $350-400 million range. Additionally, the equity offering allowed us to very quickly achieve our leverage ratio goal with that ratio dropping from 5.29x to 4.14x. Our capital available for investments currently stands at over $340 million inclusive of the availability under our revolving credit facility and availability under our ATM program should we choose to use that." Sabra Acquires Indiana Senior Housing Campus in $23.8 Million Sale/Leaseback Transaction; Funds Additional Preferred Equity Investment of $1.7 Million
GlobeNewswire - Wed Apr 30, 4:04PM CDT
Sabra Health Care REIT, Inc. ("Sabra," the "Company" or "we"
(Nasdaq:SBRA) (Nasdaq:SBRAP) announced today the acquisition of a senior housing campus in Fort Wayne, Indiana ("Park Place" for $23.8 million and a preferred equity investment for the completion of a memory care facility located in Colorado Springs, Colorado of $1.7 million. Sabra Health Care REIT, Inc. Senior Management to Participate in the 2014 Jefferies Global Healthcare and Life Science REIT Conference
GlobeNewswire - Tue Apr 01, 4:15PM CDT
Sabra Health Care REIT, Inc. (Nasdaq:SBRA) announced today that Rick Matros, the Company's Chairman and Chief Executive Officer, Harold Andrews, the Company's Chief Financial Officer, and Talya Nevo-Hacohen, the Company's Chief Investment Officer, will be participating in the 2014 Jefferies Global Healthcare and Life Science REIT Conference to be held on Tuesday, April 8, 2014 in New York City.
Sabra Exercises Purchase Option on Two Skilled Nursing Facilites for $24.5 Million
GlobeNewswire - Wed Mar 05, 3:06PM CST
Sabra Health Care REIT, Inc. ("Sabra," the "Company" or "we"
(Nasdaq:SBRA) (Nasdaq:SBRAP) announced today that it has exercised its option to purchase and completed the acquisition of two skilled nursing facilities with a total of 254 licensed beds for $24.5 million (the "Chai Acquisition". The facilities are located in Colorado Springs, Colorado and Fort Pierce, Florida and have 147 and 107 beds, respectively. 
