Last $32.69 USD
Change Today -0.03 / -0.09%
Volume 616.7K
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As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

sabra health care reit inc (SBRA) Key Developments

Sabra Health Care Seeks Acquisitions

Sabra Health Care REIT, Inc. (NasdaqGS:SBRA) is looking for acquisitions. Rick Matros, Chairman and Chief Executive Officer of Sabra Health Care, states, "We may get 20% of those done, but it gets replenished every week. We knock this out of every week, gets replenished every week. We're going to be opportunistic. I think our normal bread-and-butter stuff sort of gets you to the $300-plus million levels, which is what we did last year and pretty close to what we did in 2013. If there are opportunities to do larger deals, then we'll do those larger deals. And larger deals, I think for us are anything over $100 million. Larger deals don’t automatically mean another $0.5-plus billion like Holiday. But it's just deals that are bigger than the $20 million to $50 million range that we do a lot of those; we do a lot of those. So we'll see. And one of the things I'll just reiterate, and I discussed on the last earnings call, is in terms of doing a very large deal, for us the Holiday deal was transformational. We've seen a really nice impact from that from a number of different perspectives. So if we were to look at a very large transaction here going forward, it would have to be pretty easily accretive. And we'd look at it on a balance sheet neutral basis. Because at this point, in all likelihood it wouldn't be transformational. It is nice gravy for us, but it would really be transformational."

Sabra Health Care REIT, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2014

Sabra Health Care REIT, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2014. For the quarter, the company reported total revenues of $55,711,000 compared to $37,557,000 a year ago. Net income attributable to common stockholders was $19,690,000 or $0.35 per diluted share compared to $10,439,000 or $0.27 per diluted share a year ago. Funds from operations was $30,241,000 or $0.54 per diluted share compared to $18,994,000 or $0.49 per diluted share a year ago. Adjusted funds from operations was $28,750,000 or $0.51 per diluted share compared to $19,478,000 or $0.50 per diluted share a year ago. Normalized FFO was $31,977,000 or $0.57 per diluted share compared to $18,994,000 or $0.49 per diluted share a year ago. Normalized AFFO was $30,486,000 or $0.54 per diluted share compared to $19,478,000 or $0.50 per diluted share a year ago. For the year, the company reported total revenues of $183,518,000 compared to $134,780,000 a year ago. Net income attributable to common stockholders was $36,710,000 or $0.78 per diluted share compared to $25,749,000 or $0.68 per diluted share a year ago. Net cash provided by operating activities was $85,337,000 compared to $62,099,000 a year ago. Acquisitions of real estate were $771,479,000 compared to $125,955,000 a year ago. Additions to real estate were $1,471,000 compared to $764,000 a year ago. Funds from operations was $76,128,000 or $1.62 per diluted share compared to $59,030,000 or $1.55 per diluted share a year ago. Adjusted funds from operations was $77,223,000 or $1.64 per diluted share compared to $57,942,000 or $1.51 per diluted share a year ago. Normalized FFO was $103,312,000 or $2.20 per diluted share compared to $69,901,000 or $1.84 per diluted share a year ago. Normalized AFFO was $99,837,000 or $2.12 per diluted share compared to $67,954,000 or $1.77 per diluted share a year ago. Net debt was $1,029,501,000 compared to $686,922,000 a year ago.

Sabra Health Care REIT, Inc. to Report Q4, 2014 Results on Feb 18, 2015

Sabra Health Care REIT, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 18, 2015

Sabra Health Care REIT, Inc., Q4 2014 Earnings Call, Feb 19, 2015

Sabra Health Care REIT, Inc., Q4 2014 Earnings Call, Feb 19, 2015

Sabra Health Care REIT, Inc. Presents at 2015 Stifel Senior Housing and Healthcare Real Estate Conference, Jan-27-2015

Sabra Health Care REIT, Inc. Presents at 2015 Stifel Senior Housing and Healthcare Real Estate Conference, Jan-27-2015 . Venue: St. Regis Monarch Beach, Dana Point, California, 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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