Sabra Health Care REIT, Inc. Announces Financial Outlook for the Year Ending December 31, 2013; Declares Quarterly Cash Dividend, Payable on February 28, 2013
January 07, 2013 at 07:31 pm IST
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Sabra Health Care REIT, Inc. announced financial outlook for the year ending December 31, 2013. The company expects FFO to range between $1.85 and $1.89 per diluted common share, AFFO to range between $1.74 and $1.78 per diluted common share and net income to range between $1.03 and $1.07 per diluted common share. The company's guidance excludes the impact of investments that may be made during 2013. The Company does, however, expect to make investments of between $150.0 million and $200.0 million during 2013, with a significant portion closing in the latter part of the year and with a continued focus on senior housing and memory care facilities. The guidance excludes the impact of investments it expects to make in 2013 given the uncertainty of the timing of closing such investments.
On January 7, 2013, its board of directors declared a quarterly cash dividend of $0.34 per share of common stock, which represents a 3% increase over the previous dividend payment of $0.33 per share. The dividend will be paid on February 28, 2013 to stockholders of record as of the close of business on February 15, 2013.
Sabra Health Care REIT, Inc. operates as a self-administered, self-managed real estate investment trust (REIT) that, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company's primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector. Its investment portfolio is primarily comprised of skilled nursing/transitional care facilities, senior housing communities (Senior Housing - Leased), behavioral health facilities, and specialty hospitals and other facilities, in each case leased to third-party operators; senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing - Managed); investments in joint ventures; loans receivable, and preferred equity investments. Its real estate properties held for investment include approximately 37,834 beds/units, spread across the United States and Canada.
Sabra Health Care REIT, Inc. Announces Financial Outlook for the Year Ending December 31, 2013; Declares Quarterly Cash Dividend, Payable on February 28, 2013