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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Oct. 20, 10:10 PM

Slide #22. Sabra Health Care REIT, Inc. Secondary Offering

Company: Sabra Health Care REIT, Inc. (NASDAQ:SBRA)
Date announced: 9/29/2014
Shares Offered: 6,000,000
Date of Pricing: 9/30/2014
Price Per Share: $24.25
Secondary Offering Details: Sabra Health Care REIT, Inc. ("Sabra") (Nasdaq:SBRA) announced today that it plans to offer 6,000,000 shares of its common stock in an underwritten public offering. In connection with the offering, Sabra expects to grant the underwriters a 30-day option to purchase up to 900,000 additional shares of its common stock. - updated 9/30 - Sabra Health Care REIT, Inc. ("Sabra") (Nasdaq:SBRA) today announced the pricing of an underwritten public offering of 6,000,000 shares of its common stock at a price to the public of $24.25 per share. Sabra has granted the underwriters a 30-day option to purchase up to 900,000 additional shares of its common stock. Sabra expects to receive net proceeds, after deducting the underwriting discount and Sabra's estimated offering expenses, of approximately $138.9 million from the offering, or $159.9 million if the underwriters exercise their option to purchase additional shares in full. Sabra expects to issue and deliver the shares of its common stock on or about October 3, 2014, subject to customary closing conditions.

Sabra Health Care REIT operates as a real estate investment trust that holds investments in healthcare facilities, principally long-term care facilities. Co. invests primarily in the U.S. nursing home industry and other senior housing segments. Co. operates through an umbrella partnership structure in which substantially all of its properties and assets are held by Sabra Health Care Limited Partnership. As of Dec 31 2013, Co.'s investment portfolio consisted of 121 real estate properties held for investment, consisting of 96 skilled nursing/post-acute facilities, 23 senior housing facilities, and two acute care hospitals, with a total of 12,468 licensed beds, spread across 27 states.

Preferred: SBRAP


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Company Name:  Sabra Health Care REIT Inc
Website:  www.sabrahealth.com
Sector:  REITs
Number of ETFs Holding SBRA:  41
Total Market Value Held by ETFs:  $198.83M
Total Market Capitalization:  $1.21B
% of Market Cap. Held by ETFs:  16.42%
 

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October 20, 2014    10:10 PM Eastern
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Strong Buy (3.67 out of 4)
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