Moody’s Upgrades Sabra Health Care REIT, Inc.’s Outlook to Positive, Affirms Credit Rating

Audio By Carbonatix

TUSTIN, Calif.--(BUSINESS WIRE)--Oct 21, 2024--

Sabra Health Care REIT, Inc. (“Sabra”) (Nasdaq: SBRA) announced today that Moody’s Ratings (“Moody’s”) issued a report on October 17, 2024 affirming Sabra’s Ba1 ratings and upgrading Sabra’s outlook to “Positive” from “Stable”.

The report credits Sabra’s upgraded outlook to improving industry fundamentals for skilled nursing and senior housing, which is driving an improvement in Sabra’s key credit metrics, particularly net debt to EBITDA. For additional information, Moody’s Ratings report can be found on its website at www.moodys.com.

About Sabra

Sabra Health Care REIT, Inc., a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a “REIT”) that, through its subsidiaries, owns and invests in real estate serving the healthcare industry throughout the United States and Canada.

View source version on businesswire.com:https://www.businesswire.com/news/home/20241021017152/en/

Investor & Media Inquiries: 1-888-393-8248 [email protected]

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE NURSING CONSTRUCTION & PROPERTY SENIORS REIT OTHER HEALTH CONSUMER HEALTH OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Sabra Health Care REIT, Inc.

Copyright Business Wire 2024.

PUB: 10/21/2024 04:05 PM/DISC: 10/21/2024 04:05 PM

http://www.businesswire.com/news/home/20241021017152/en