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Stock Market & Financial Investment News

News Breaks
December 17, 2012
09:04 EDTSBRASabra acquires Michigan senior housing portfolio in sale/leaseback transaction
Sabra Health Care REIT announced the acquisition on December 14 of a nine-facility senior housing portfolio with a total of 322 units located throughout the State of Michigan for $49.0M. Concurrently with the purchase, we entered into a triple-net master lease agreement with affiliates of Retirement Living Management. The lease has an initial term of 10 years with two five-year renewal options and provides for annual rent escalators equal to the greater of the change in the Consumer Price Index or 3.0%, resulting in annual lease revenues determined in accordance with GAAP of $4.5M and an initial yield on cash rent of 8%. The purchase price was funded with available cash and proceeds from our secured revolving credit facility. In addition, Sabra will have a right of first refusal to acquire an additional facility operated by Retirement Living and add such facility to the master lease.
News For SBRA From The Last 14 Days
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October 29, 2014
17:20 EDTSBRASabra Health Care acquires transitional care portfolio for $41M
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October 21, 2014
15:30 EDTSBRANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Yahoo! (YHOO), consensus 30c; ACE (ACE), consensus $2.34; Discover Financial (DFS), consensus $1.34; Pinnacle Financial (PNFP), consensus 51c; Broadcom (BRCM), consensus 84c; Intuitive Surgical (ISRG), consensus $3.80; FMC Technologies (FTI), consensus 74c; Robert Half International (RHI), consensus 58c; E-Trade (ETFC), consensus 22c; Nabors Industries (NBR), consensus 36c; Waste Connections (WCN), consensus 54c; Cubist Pharmaceuticals (CBST), consensus 4c; Sonic (SONC), consensus 34c; American Campus Communities (ACC), consensus 43c; Cree (CREE), consensus 36c; Fulton Financial (FULT), consensus 20c; Costamare (CMRE), consensus 41c; Hawaiian Holdings (HA), consensus 78c; Ethan Allen (ETH), consensus 36c; Sabra Health (SBRA), consensus 55c; Rush Enterprises (RUSHA), consensus 51c.

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