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Sabra Healthcare REIT Issues 2026 Outlook and Dividend

Story Highlights
  • Sabra posted solid Q4 2025 earnings and double-digit NOI growth in managed senior housing, underpinned by strong coverage metrics.
  • The REIT is guiding to mid-single-digit FFO growth in 2026, with a robust investment pipeline and strategy centered on expanding managed senior housing.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sabra Healthcare REIT Issues 2026 Outlook and Dividend

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An update from Sabra Healthcare REIT ( (SBRA) ) is now available.

Sabra Health Care REIT reported fourth-quarter 2025 net income of $0.11 per diluted share and normalized AFFO of $0.38, alongside strong EBITDARM coverage across its skilled nursing, senior housing and behavioral health portfolios. Same-property managed senior housing cash NOI rose 12.6% year over year in the quarter and averaged 15.0% growth for 2025, highlighting continued operational momentum.

During the quarter, the company invested $150.5 million in four managed senior housing assets, bringing 2025 investment activity to roughly $450 million, while disposing of seven skilled nursing facilities for $51.0 million and ending the year with Net Debt to Adjusted EBITDA of 5.0x. Sabra also closed two more senior housing acquisitions for $27.0 million after year-end, secured $240 million of additional primarily senior housing and some skilled nursing investments expected to close in early 2026, maintained liquidity of about $1.2 billion and declared a $0.30 quarterly dividend on February 2, 2026.

For 2026, Sabra introduced earnings guidance that implies mid-single-digit year-over-year growth in normalized FFO and AFFO per share, assuming low-single-digit NOI growth in its triple-net portfolio and low- to mid-teens NOI growth in same-store managed senior housing. Management signaled confidence in exceeding 2025 investment levels, supported by a robust pipeline and ongoing improvements in occupancy, margins and rent coverage across senior housing and skilled nursing, reinforcing the REIT’s strategic emphasis on expanding its managed senior housing platform.

The most recent analyst rating on (SBRA) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on Sabra Healthcare REIT stock, see the SBRA Stock Forecast page.

Spark’s Take on SBRA Stock

According to Spark, TipRanks’ AI Analyst, SBRA is a Outperform.

The score is driven primarily by strong financial performance (high margins and strong free cash flow growth) and supportive technicals (trading above major moving averages with positive momentum). Earnings-call details add confidence via reaffirmed FFO/AFFO guidance and accelerating SHOP performance, while valuation is moderated by a relatively high P/E despite an attractive dividend yield.

To see Spark’s full report on SBRA stock, click here.

More about Sabra Healthcare REIT

Sabra Health Care REIT, Inc. is a real estate investment trust focused on healthcare properties across the United States and Canada, with a portfolio of 360 real estate assets as of December 31, 2025. Its holdings span skilled nursing and transitional care facilities, leased and managed senior housing communities, behavioral health facilities, specialty hospitals and related loan, preferred equity and joint venture investments, totaling 36,412 beds and units.

Average Trading Volume: 2,747,699

Technical Sentiment Signal: Strong Buy

Current Market Cap: $4.78B

See more insights into SBRA stock on TipRanks’ Stock Analysis page.

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