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Sabra Healthcare REIT (SBRA)
NASDAQ:SBRA
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.16Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -11.22%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call was largely positive, highlighting strong performance across core portfolios, increased guidance, and improved financial metrics. Challenges were noted in the behavioral health segment and limitations in percentage rent growth beyond Avamere. Overall, the positive aspects significantly outweighed the lowlights.Company Guidance
During the Q3 2024 earnings call for Sabra Health Care REIT, the company provided various metrics and guidance. Occupancy for the skilled nursing facility (SNF) portfolio increased by 130 basis points sequentially, while the skilled mix rose by 110 basis points. The same-store senior housing operating portfolio (SHOP) saw a 90 basis point uptick in occupancy, with margins in both portfolios strengthening. The triple-net senior housing portfolio maintained near 90% occupancy for four consecutive quarters. EBITDAR rent coverage for the skilled nursing and triple-net senior housing portfolios stood at 1.94% and 1.37%, respectively. The company reported normalized FFO per share of $0.35 and normalized AFFO per share of $0.37 for the quarter, with a year-over-year growth of 9% in normalized AFFO. Sabra also increased its full-year 2024 guidance, with normalized FFO per share expected to range from $1.39 to $1.40 and normalized AFFO per share from $1.43 to $1.44. Investments for the quarter, both new and ongoing, totaled just under $100 million, with a focus on high-quality assets with good yields. The company maintained a strong balance sheet, with a net debt to adjusted EBITDA ratio of 5.3x and ample liquidity of $947.8 million.Strong Occupancy and Rent Coverage
Occupancy for the SNF portfolio is up 130 basis points sequentially, and skilled mix increased by 110 basis points. EBITDAR rent coverage for skilled nursing and triple-net senior housing portfolios are at 1.94% and 1.37% respectively, higher than pre-pandemic levels.
SHOP Portfolio Performance
Sabra's SHOP portfolio showed strong results with a 140 basis point increase in occupancy and a 60 basis point growth in cash NOI margin. Revenue grew 7.6% year-over-year and cash NOI increased by 17.8%.
Investment and Acquisition Activity
Investments for the quarter totaled just under $100 million with an increase in the investment pipeline and a focus on high-quality assets.
Improved Financial Metrics
Normalized FFO per share was $0.35 and normalized AFFO per share was $0.37, showing an increase in AFFO by 9% year-over-year. Leverage decreased to a net debt to adjusted EBITDA ratio of 5.3x.
Positive Outlook and Guidance
Moody's upgraded Sabra's outlook from stable to positive. Full year 2024 guidance includes an increase at the midpoint for both normalized FFO and AFFO per share.
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SBRA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SBRA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $19.08 | $18.33 | -3.93% |
| Aug 07, 2024 | $16.08 | $15.89 | -1.18% |
| May 08, 2024 | $14.06 | $13.70 | -2.56% |
| Feb 27, 2024 | $13.26 | $13.23 | -0.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sabra Healthcare REIT (SBRA) report earnings?
Sabra Healthcare REIT (SBRA) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Sabra Healthcare REIT (SBRA) earnings time?
Sabra Healthcare REIT (SBRA) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SBRA EPS forecast?
SBRA EPS forecast for the fiscal quarter 2024 (Q4) is 0.16.
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