Sabra Health Care REIT Provides FY15 Earnings Guidance

(RTTNews) - Sabra Health Care REIT Inc (SBRA) on Monday said it expects fiscal 2015 funds from operations, or FFO, of $2.19 to $2.24 per share and adjusted FFO of $2.05 to $2.10 per share.

Analysts polled by Thomson Reuters currently expect Sabra to report FFO of $2.48 per share for the year. Analysts' estimates typically exclude special items.

The company expects fiscal 2015 net income of $1.19 to $1.24 per share.

Also Sabra declared a quarterly cash dividend of $0.39 per common share and $0.4453125 per series A preferred share.

The company provided an update on its deleveraging efforts and use of its At-the-Market common equity offering (ATM) program. During the quarter ended December 2014, Sabra issued 4.4 million shares at an average price of $28.20 through the ATM program for net proceeds of $121 million, a part of which was used to repay debt.