XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rental income $ 56,833 $ 53,173 $ 167,442 $ 152,574
Interest and other income 3,157 6,211 25,482 17,594
Resident fees and services 1,937 550 5,811 1,924
Total revenues 61,927 59,934 198,735 172,092
Expenses:        
Depreciation and amortization 17,102 16,306 51,273 44,953
Interest 15,794 15,176 49,139 43,108
Operating expenses 1,404 444 4,256 1,442
General and administrative 6,171 3,547 15,521 19,270
Provision for doubtful accounts and loan losses 540 2,489 3,286 6,605
Impairment of real estate 0 0 29,811 0
Total expenses 41,011 37,962 153,286 115,378
Other income (expense):        
Loss on extinguishment of debt 0 0 (556) 0
Other income (expense) 2,945 (100) 5,345 (300)
Net gain (loss) on sale of real estate 1,451 (3,838) (3,203) (2,115)
Total other income (expense) 4,396 (3,938) 1,586 (2,415)
Net income 25,312 18,034 47,035 54,299
Net loss attributable to noncontrolling interests 25 27 66 47
Net income attributable to Sabra Health Care REIT, Inc. 25,337 18,061 47,101 54,346
Preferred stock dividends (2,561) (2,561) (7,682) (7,682)
Net income attributable to common stockholders $ 22,776 $ 15,500 $ 39,419 $ 46,664
Net income attributable to common stockholders, per:        
Basic common share (in dollars per share) $ 0.35 $ 0.24 $ 0.60 $ 0.76
Diluted common share (in dollars per share) $ 0.35 $ 0.24 $ 0.60 $ 0.76
Weighted-average number of common shares outstanding, basic (in shares) 65,312,288 65,160,290 65,285,591 61,244,991
Weighted-average number of common shares outstanding, diluted (in shares) 65,591,428 65,398,175 65,470,589 61,468,603