Sabra raises full-year 2026 normalized AFFO forecast to $1.59-$1.61 per share

Sabra said the outlook reflects the RCA mortgage payoff at $200 million versus $300 million of face value, which cuts net debt/EBITDA to 4.8x from 5.0x pro forma.

Sabra lifted its full-year 2026 outlook to:

• Net income per diluted share of $0.37-$0.39
• FFO of $1.12-$1.14
• Normalized FFO of $1.53-$1.55
• AFFO of $1.58-$1.60 per diluted share
• Normalized AFFO of $1.59-$1.61 per diluted share

The company said the revised guidance reflects year-to-date performance and transactions completed by July 21, 2026.

The forecast includes planned re-tenanting of 26 Avamere-leased properties, targeting $53 million of annualized cash rent versus in the prior 12 months.