SBRA
Sabra Health Care REIT, Inc.18.85
-0.34-1.8%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.70BP/E (TTM)
25.82Basic EPS (TTM)
0.73Dividend Yield
0.06%Recent Filings
10-Q
8-K
8-K
Sabra launches $750M ATM program
Sabra Health Care REIT launched a new $750 million at-the-market equity program on August 5, 2025, via agreements with multiple agents and forward purchasers, enabling flexible sales of common stock. This replaces a prior $500 million program terminated the same day, with $109.3 million unsold and $266.5 million in outstanding forward agreements. Net proceeds will repay debt and fund investments. Forward settlements carry cash or share risks.
8-K
Sabra boosts senior housing investments
Sabra Health Care REIT reported Q2 2025 net income of $0.27 per diluted share, with FFO at $0.44 and Normalized AFFO at $0.38, fueled by 17.1% year-over-year same-store managed senior housing Cash NOI growth. The company invested $114.5 million in senior housing assets at 7.5-7.7% yields year-to-date, transitioned 21 properties to trusted operators with minimal disruption, and refinanced $500 million debt at a fixed 4.64% rate, saving on interest costs. Updated 2025 guidance projects Normalized AFFO of $1.49-$1.51. Leverage sits at 5.0x net debt to Adjusted EBITDA.
10-Q
Q2 FY2025 results
Sabra Health Care REIT posted solid Q2 2025 results, with total revenues climbing 7% year-over-year to $189.2 million, fueled by stronger resident fees from senior housing communities and steady rental income, while impairments dropped sharply to $4.1 million from $15.3 million. Net income surged to $65.5 million, or $0.27 per diluted share, up from $24.0 million last year, thanks to $10.0 million in gains from selling six facilities and $14.7 million in other income including insurance recoveries—yet comprehensive income dipped to $48.3 million amid $17.2 million in hedge losses. Acquisitions added one senior housing-managed property for $61.1 million, boosting the portfolio to 359 properties, while dispositions recycled $37.1 million in capital. Liquidity stands firm at $95.2 million in cash plus $837.0 million revolver availability, supporting $2.5 billion in total debt with no major maturities until 2026. Free cash flow hit $147.6 million for the half-year (derived). Portfolio quality improves steadily. Yet tenant reliance on Medicare reimbursements exposes results to policy shifts.
IPO
Website
Employees
Sector
Industry
CHCT
Community Healthcare Trust Inco
15.48-0.01
CTRE
CareTrust REIT, Inc.
36.32-0.27
DHC
Diversified Healthcare Trust
4.82-0.09
ELS
Equity Lifestyle Properties, In
61.66-1.06
HR
Healthcare Realty Trust Incorpo
17.02-0.21
INN
Summit Hotel Properties, Inc.
5.18-0.03
LTC
LTC Properties, Inc.
34.41-0.57
OHI
Omega Healthcare Investors, Inc
44.20-0.34
SILA
Sila Realty Trust, Inc.
23.53+0.41
STRW
Strawberry Fields REIT, Inc.
13.08-0.60