Sabra Health Care REIT, Inc.
("Sabra," the "Company" or "we") SBRA announced its outlook for the
year ending December 31, 2013, and Sabra's board of directors declared a
quarterly cash dividend of $0.34 per share of common stock.
2013 Outlook
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 table below sets forth Sabra's 2013 full year guidance:
Low High
Net income from continuing operations $ 1.03 $ 1.07
Add:
Depreciation and amortization 0.82 0.82
FFO $ 1.85 $ 1.89
Acquisition pursuit costs 0.04 0.04
Stock-based compensation expense 0.11 0.11
Straight-line rental income adjustments (0.32) (0.32)
Amortization of deferred financing costs 0.08 0.08
Amortization of debt premium (0.02) (0.02)
AFFO $ 1.74 $ 1.78
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. Investments in 2013 are expected to be
funded with existing cash, borrowings available under the secured revolving
credit facility or the proceeds from additional issuances of common stock
(through an At-the-Market common equity offering program or through other
equity issuances), debt or other securities.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in