Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, April 1, 5:09 PM

This Slide: #522 of 609

Slide #522. Sabra Health Care REIT, Inc. — Preferred Stock Offering

Company:	Sabra Health Care REIT, Inc. (NASDAQ:SBRA)
Date announced:	3/21/2013
Security type:	7.125% Series A Cumulative Redeemable Preferred Stock (SBRA.PRA)
Shares Offered:	5,750,000
Price Per Share:	$25
Preferred Stock Offering Details:	Sabra Health Care REIT, Inc. ("Sabra" or the "Company") (Nasdaq:SBRA) today announced the closing of an underwritten public offering of 5,750,000 shares of 7.125% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") at a price of $25.00 per share, pursuant to an effective registration statement, for net proceeds of approximately $138.2 million after deducting underwriting discounts and other estimated offering expenses. The 5,750,000 shares of the Company's Series A Preferred Stock includes the underwriters' exercise in full on March 20, 2013 of their option to purchase up to an additional 750,000 shares of the Company's Series A Preferred Stock. The Series A Preferred Stock is expected to be admitted for trading on the NASDAQ Global Select Market under the symbol "SBRA PA" within 30 days of the date of closing.

Sabra Health Care REIT operates as a real estate investment trust that, through its subsidiaries, owns and invests in real estate serving the healthcare industry. Co.'s main business consists of acquiring, financing and owning real estate property to be leased to third party tenants in the healthcare sector. Co.'s investment portfolio is comprised of skilled nursing/transitional care facilities, senior housing communities and specialty hospitals and other facilities, in each case leased to third-party operators; senior housing communities operated by third-party property managers pursuant to property management agreements; investments in loans receivable; and preferred equity investments.

Preferred: SBRAP

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SBRA — Key Stats (updated Friday, March 31, 10:26 AM)

Name:
Sabra Health Care REIT Inc
Website:
www.sabrahealth.com
Sector:
REITs
Number of ETFs Holding SBRA:
56 (see which ones)
Total Market Value Held by ETFs:
$629,115,324.75
Total Market Capitalization:
$2,575,000,000
% of Market Cap. Held by ETFs:
24.43%