Financing ·
Sabra Health Care REIT, Inc. announced a business update and increased its full-year 2026 guidance, including a…
SBRASabra Health Care REIT, Inc.
Sabra Health Care REIT, Inc. announced a business update and increased its full-year 2026 guidance, including a Normalized FFO per share range of $1.53-$1.55 and Normalized AFFO per share range of $1.59-$1.61. The company entered into letters of intent to re-tenant 26 properties leased to Avamere, transitioning 22 properties to Cascadia Healthcare and 4 properties to an existing tenant, which is expected to increase annualized cash rent from $41 million to $53 million. Additionally, the company closed a $200 million reduced cash repayment to satisfy the $300 million RCA Mortgage, which reduced its Net Debt to EBITDA from 5.0x to 4.8x. Sabra Health Care REIT, Inc. is a real estate investment trust that owns and invests in real estate serving the healthcare industry in the United States and Canada.