Sabra Health Care REIT Reports Strong Q1 2025 Results

Sabra Healthcare Reit ( (SBRA) ) has released its Q1 earnings. Here is a breakdown of the information Sabra Healthcare Reit presented to its investors.

Sabra Health Care REIT, Inc. is a real estate investment trust that primarily invests in healthcare-related real estate properties, including skilled nursing facilities, senior housing, and specialty hospitals across the United States and Canada.

In its first-quarter 2025 earnings report, Sabra Health Care REIT reported a net income of $0.17 per diluted share and funds from operations (FFO) of $0.36 per share. The company highlighted a significant increase in same-store managed senior housing cash net operating income, which rose by 16.9% year-over-year.

Key financial metrics from the quarter include a normalized FFO of $0.35 per share and an adjusted funds from operations (AFFO) of $0.37 per share. The company also reported a net debt to adjusted EBITDA ratio of 5.19x and maintained a strong liquidity position with approximately $1.1 billion available. Additionally, Sabra exercised its option to acquire further senior housing assets and was awarded over $200 million in new senior housing acquisition opportunities.

Looking forward, Sabra’s management remains optimistic about the company’s growth prospects, particularly in expanding its senior housing managed portfolio. The company continues to focus on acquiring high-yield assets while maintaining a stable financial outlook, as evidenced by Fitch Ratings affirming its ‘BBB-‘ credit rating with a stable outlook.