Sabra Health Care REIT (SBRA) Misses Q1 FFO by 2c

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Go back to Sabra Health Care REIT (SBRA) Misses Q1 FFO by 2c

Sabra Reports First Quarter 2016 Results; Reports Normalized FFO and AFFO Per Share of $0.56 and $0.53, Respectively, Representing an Increase of 6% and 2%, Respectively, Over First Quarter 2015; Incr

May 2, 2016 4:05 PM EDT

IRVINE, Calif, May 02, 2016 (GLOBE NEWSWIRE) -- Sabra Health Care REIT, Inc. (Sabra, the Company or we) (NASDAQ: SBRA) (Nasdaq: SBRAP) today announced results of operations for the first quarter of 2016.

RECENT HIGHLIGHTS 

For the first quarter of 2016, Normalized FFO, AFFO and net (loss) income attributable to common stockholders per diluted common share were $0.56, $0.53 and $(0.28), respectively, compared to $0.53, $0.52 (normalized) and $0.28, respectively, for the first quarter of 2015. During the three months ended March 31, 2016, we incurred a $29.8 million impairment on real estate related to Forest Park Medical... More