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May 13, 2014
09:10 EDTSBRASabra Health Care backs FY14 Normalized FFO, Normalized AFFO guidance
Sabra Health Care reaffirmed its guidance ranges for Normalized FFO and Normalized AFFO per diluted common share for FY14. The reaffirmed guidance includes the impact of all investing and financing activity through May 12 and assumes that the remaining $30.1M commitment under the Forest Park Medical Center - Fort Worth construction loan is funded with the proceeds remaining from our recently completed equity offering and available cash. No other investment or financing activities are assumed in the guidance. Commenting on the reaffirmed 2014 guidance, Rick Matros, CEO and chairman, said, "We were able, from a timing perspective, to have the equity offering coincide with our investment activity to date, so that the dilution from the offering is effectively offset by the $166M in investment activity to date. We also assume we'll finish out the construction financing for the Fort Worth hospital which is $30.1M. The guidance does not include any other investment activity for the year despite our belief that our total investment activity for the year will still be in the $350M-$400M range. Additionally, the equity offering allowed us to very quickly achieve our leverage ratio goal with that ratio dropping from 5.29x to 4.14x. Our capital available for investments currently stands at over $340M inclusive of the availability under our revolving credit facility and availability under our ATM program should we choose to use that."
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February 10, 2016
18:04 EDTSBRASabra Health Care to sell Forest Park Medical Center - Frisco to HCA Holdings
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