Every material Form 8-K Sabra Health Care REIT has filed with the SEC since May 08, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Sabra Health Care REIT reported third quarter 2026 total revenues of $249.6 million, up from $190.0 million a year earlier, and net income of $0.11 per diluted share, compared with $0.09. Normalized FFO was $0.39 per diluted share, up from $0.36, and the company updated 2026 normalized FFO guidance to $1.540 to $1.550 per share, which its CEO said was increased at the midpoint.
Total revenues were $249.6 million for the quarter, versus $190.0 million in the third quarter of 2025.
Normalized FFO was $0.39 per diluted share, versus $0.36; normalized AFFO was $0.41, versus $0.38.
Full-year 2026 guidance: net income $0.265 to $0.275 per share and normalized FFO $1.540 to $1.550 per share.
Sabra was awarded an additional $425 million of investments and declared a quarterly dividend of $0.30 per share, payable November 30, 2026.
Sabra Health Care REIT reported a second-quarter 2026 net loss of $0.10 per diluted share, compared with net income of $0.27 per diluted share a year earlier, after a $102.4 million provision for loan losses and other reserves. Total revenues rose to $235.9 million from $189.2 million, and normalized FFO per diluted share was $0.38 versus $0.37, while the company reiterated its full-year 2026 guidance.
Q2 2026 net loss of $0.10 per diluted share vs. net income of $0.27 in Q2 2025
Total revenues of $235.9 million vs. $189.2 million in Q2 2025; provision for loan losses and other reserves of $102.4 million
Normalized FFO of $0.38 per diluted share vs. $0.37; normalized AFFO of $0.40 vs. $0.38
Full-year 2026 guidance reiterated; quarterly dividend of $0.30 per share payable August 31, 2026
Sabra reported first quarter 2026 results, with total revenues of $221.8 million, up from $183.5 million a year earlier, and normalized FFO of $0.38 per diluted share, up from $0.35. Net income attributable to Sabra fell to $0.16 per diluted share from $0.17, and the company reiterated its full-year 2026 guidance and declared a $0.30 quarterly dividend.
Total revenues were $221.8 million for Q1 2026, compared with $183.5 million in Q1 2025.
Normalized FFO was $0.38 per diluted share, compared with $0.35; normalized AFFO was $0.39, compared with $0.37.
Net income attributable to Sabra was $40.9 million, or $0.16 per diluted share, compared with $40.3 million, or $0.17, a year earlier.
The board declared a $0.30 quarterly dividend payable May 29, 2026, to holders of record on May 15, 2026; full-year 2026 guidance was reiterated.
Sabra Health Care REIT reported fourth quarter 2025 total revenues of $211.9 million, up from $182.3 million a year earlier, but diluted net income fell to $0.11 per share from $0.19. Normalized FFO rose to $0.36 per share from $0.35 and normalized AFFO rose to $0.38 from $0.36. The company also initiated 2026 guidance for normalized FFO of $1.49 to $1.53 per share and normalized AFFO of $1.55 to $1.59 per share.
Q4 2025 diluted net income $0.11 per share vs $0.19 in Q4 2024; net loss on sales of real estate was $9.1 million in the quarter
Q4 2025 normalized FFO $0.36 per share vs $0.35; normalized AFFO $0.38 vs $0.36
2026 guidance: net income $0.60 to $0.64 per share; normalized FFO $1.49 to $1.53; normalized AFFO $1.55 to $1.59
Board declared a quarterly dividend of $0.30 per share, payable February 27, 2026 to holders of record on February 13, 2026
Sabra Health Care REIT appointed Darrin Smith, previously its Executive Vice President, Investments, as Chief Investment Officer, Secretary and Executive Vice President, succeeding Talya Nevo-Hacohen, who retired December 31, 2025. Michael Costa was also named Treasurer in addition to his role as Chief Financial Officer. The filing describes a routine executive transition with no financial results reported.
Darrin Smith appointed Chief Investment Officer, Secretary and Executive Vice President, effective January 1, 2026
Smith's employment agreement sets an initial annual base salary of $470,000 with a three-year initial term
Severance equals 1.5 times base salary plus average three-year bonus, rising to 2 times if termination occurs within two years of a change in control
Talya Nevo-Hacohen retired December 31, 2025 and will remain in a consulting role
Sabra Health Care REIT reported third-quarter 2025 total revenues of $190.0 million, up from $178.0 million a year earlier, while diluted net income fell to $0.09 per share from $0.13. The company updated its 2025 earnings guidance and reported normalized FFO of $0.36 per diluted share, up from $0.35, which shows the mixed picture for shareholders.
Total revenues were $190.0 million for the quarter ended September 30, 2025, versus $178.0 million a year earlier.
Diluted net income was $0.09 per share versus $0.13 a year earlier; normalized FFO was $0.36 per share versus $0.35.
2025 guidance was updated to net income of $0.655 to $0.665 per diluted share and normalized FFO of $1.455 to $1.465 per diluted share.
Board declared a quarterly dividend of $0.30 per share, payable November 28, 2025, to holders of record on November 17, 2025.
Sabra Health Care REIT entered an equity distribution agreement allowing it to sell up to $750.0 million of common stock through agents and forward sale agreements, replacing a prior $500.0 million program from February 2023. The company intends to use net proceeds to repay debt, fund possible future investments and for general corporate purposes, which could dilute existing shareholders if shares are issued.
New at-the-market program covers up to $750.0 million in gross offering price, with agent compensation up to $11.25 million.
Prior 2023 program of $500.0 million was terminated on August 5, 2025; $109.3 million of unsold shares and $266.5 million under outstanding forward sale agreements remain.
Forward sale agreements can be settled within one year; the company may settle in shares, cash or net shares, and it will receive no proceeds from forward shares until settlement.
Sabra Health Care REIT reported second-quarter 2025 net income of $0.27 per diluted share, up from $0.10 a year earlier, on total revenues of $189.2 million versus $176.1 million. It also issued 2025 guidance ranges, including net income of $0.77 to $0.79 per share and normalized FFO of $1.45 to $1.47 per share. The filing does not state the prior guidance, so the direction of the update cannot be determined from it.
Q2 2025 net income was $0.27 per diluted share versus $0.10 in Q2 2024; total revenues were $189.2 million versus $176.1 million.
Normalized FFO was $0.37 per diluted share versus $0.35; normalized AFFO was $0.38 versus $0.36.
2025 guidance: net income $0.77 to $0.79 per share; normalized FFO $1.45 to $1.47 per share.
Board declared a quarterly dividend of $0.30 per share on August 4, 2025, payable August 29, 2025 to holders of record on August 15, 2025.
Sabra's operating partnership entered into a $500.0 million unsecured term loan on July 30, 2025, with an accordion feature that can raise total available borrowings to $1.0 billion. On July 31, 2025, the partnership redeemed all $500.0 million of its 5.125% Senior Notes due 2026, so the new loan refinances that debt.
Term loan of $500.0 million matures July 30, 2030; the accordion can increase total available borrowings to $1.0 billion, subject to terms.
Interest is SOFR-based or Base Rate plus a ratings-based margin of 0.800% to 1.600% for SOFR borrowings and 0.000% to 0.600% for Base Rate borrowings.
Interest rate swaps with $500.0 million notional fix the SOFR portion at a weighted average 3.44%, for an effective Term Loan rate of 4.64% through July 30, 2030.
The 2026 Notes were redeemed at 100.575% of principal plus accrued and unpaid interest.
Sabra Health Care REIT reported first quarter 2025 net income of $40.3 million, or $0.17 per diluted share, up from $26.3 million, or $0.11, a year earlier. Total revenues rose to $183.5 million from $166.7 million, and the company reiterated its 2025 guidance. The results show year-over-year growth in both revenue and profit, with normalized FFO per diluted share up slightly to $0.35 from $0.34.
Net income was $40.3 million ($0.17 per diluted share) for Q1 2025, versus $26.3 million ($0.11) in Q1 2024.
Total revenues were $183.5 million, versus $166.7 million in Q1 2024.
FFO per diluted share was $0.36, versus $0.32; normalized FFO per diluted share was $0.35, versus $0.34.
Board declared a quarterly cash dividend of $0.30 per share, payable May 30, 2025, to holders of record as of May 16, 2025.
Sabra Health Care REIT said Chief Investment Officer Talya Nevo-Hacohen will retire effective December 31, 2025, and Executive Vice President Darrin Smith is expected to take the CIO role effective January 1, 2026. Nevo-Hacohen will serve as an independent consultant through December 31, 2027, for an annual fee of $900,000, which the filing describes as a planned transition.
Talya Nevo-Hacohen retires as Chief Investment Officer and Treasurer effective December 31, 2025
Darrin Smith, Executive Vice President, Investments, expected to become Chief Investment Officer effective January 1, 2026
Consulting Agreement dated March 20, 2025 provides an annual consulting fee of $900,000 and runs through December 31, 2027
Filing contains no financial results or guidance; Chair and CEO Rick Matros signed the report
Sabra Health Care REIT reported fourth-quarter 2024 net income of $46.7 million, or $0.19 per diluted share, compared with $17.2 million, or $0.07, a year earlier, and total revenues of $182.3 million versus $163.4 million. The company also introduced 2025 per-share earnings guidance, with Normalized AFFO expected at $1.48 to $1.51, above its 2024 Normalized AFFO of $1.44.
Q4 2024 total revenues $182.3 million, up from $163.4 million; net income $46.7 million, up from $17.2 million
Clifton J. Porter II told Sabra's board on November 7, 2024, that he will not stand for reelection at the 2025 annual shareholder meeting. The filing says the decision does not involve any disagreement over the company's operations, policies or practices.
Notice given to the board on November 7, 2024
Porter will not stand for reelection at the 2025 annual meeting of shareholders
Filing states no disagreement with the company's operations, policies or practices
Porter is set to become President and CEO of AHCA/NCAL
Sabra Health Care REIT reported third-quarter 2024 net income of $29.8 million, or $0.13 per diluted share, compared with a net loss of $15.1 million, or $0.07 per share, a year earlier. Total revenues rose to $178.0 million from $161.6 million. The company raised the low and high ends of its 2024 normalized FFO guidance and raised the midpoint of its normalized AFFO guidance, but lowered the top end of its net income guidance.
Q3 2024 normalized FFO was $0.35 per diluted share, versus $0.33 in Q3 2023; normalized AFFO was $0.37, versus $0.34.
2024 normalized FFO guidance raised to $1.39-$1.40 from $1.36-$1.39; normalized AFFO guidance raised to $1.43-$1.44 from $1.41-$1.44.
2024 net income guidance is $0.48-$0.49, down from the prior top end of $0.51.
Board declared a quarterly dividend of $0.30 per share, payable November 29, 2024, to holders of record on November 15, 2024.
Sabra Health Care REIT reported second-quarter 2024 net income of $0.10 per diluted share, up from $0.09 a year earlier, and raised its 2024 earnings guidance ranges. The company also declared a quarterly dividend of $0.30 per share, which matters to shareholders because it reflects both higher reported earnings and the updated outlook.
Q2 2024 net income was $0.10 per diluted share versus $0.09 in Q2 2023; FFO was $0.35 versus $0.32
2024 guidance raised: net income $0.48-$0.51, Normalized FFO $1.36-$1.39, Normalized AFFO $1.41-$1.44 per diluted share
Quarterly dividend of $0.30 per share declared August 7, 2024, payable August 30, 2024 to holders of record on August 19, 2024
Net Debt to Adjusted EBITDA was 5.45x as of June 30, 2024; liquidity was approximately $906.0 million
Sabra Health Care REIT reported first quarter 2024 net income of $26.3 million, or $0.11 per diluted share, compared with a net loss of $9.5 million, or $0.04 per share, a year earlier. Total revenues rose to $166.7 million from $161.3 million, and the company reiterated its 2024 earnings guidance.
Q1 2024 normalized FFO was $0.34 per diluted share, up from $0.33 a year earlier; normalized AFFO was $0.35, up from $0.34.
Total revenues were $166.7 million, up from $161.3 million; senior housing managed portfolio operating expenses rose to $49.7 million from $43.6 million.
2024 guidance reiterated: normalized FFO of $1.34 to $1.38 per diluted share and normalized AFFO of $1.39 to $1.43, assuming no 2024 acquisitions or dispositions.
Board declared a quarterly dividend of $0.30 per share, payable May 31, 2024, to holders of record as of May 20, 2024.
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