Sabra Health Care REIT (SBRA) Reports Q2 Normalized FFO of 61c
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Sabra Reports Second Quarter 2016 Results; Reports Earnings Per Share and FFO Per Share Growth of 121% and 73%, Respectively, Over Second Quarter 2015; Reduces Net Debt to Adjusted EBITDA to 5.09x; Up
August 1, 2016 4:01 PM EDTIRVINE, Calif., Aug. 01, 2016 (GLOBE NEWSWIRE) -- Sabra Health Care REIT, Inc. (Sabra, the Company or we) (NASDAQ: SBRA) (NASDAQ: SBRAP) today announced results of operations for the second quarter of 2016.
RECENT HIGHLIGHTS
For the second quarter of 2016, net income attributable to common stockholders, FFO, Normalized FFO, AFFO and Normalized AFFO per diluted common share were $0.53, $0.78, $0.61, $0.75 and $0.58, respectively, compared to $0.24, $0.45, $0.54, $0.51 and $0.52, respectively, for the second quarter of 2015.During the second quarter of 2016, revenues increased 31% over the same period in 2015, from $56.6 million to $74.2 million. Excluding Forest Park... More