The earnings call reflects strong investment activity and financial performance, buoyed by positive Medicaid and Medicare adjustments. However, challenges persist in transitioning the Holiday portfolio and finding skilled nursing opportunities.

Company Guidance -

Q3 2025

During the 2025 Sabra Second Quarter Earnings Call, the company provided guidance and insights into various financial metrics. Sabra expects its Medicaid rate increases to average around 3.5%, with top skilled nursing tenants seeing rates just above 5%. Medicare market basket rates are finalized upwards from 2.8% to 3.2%. The company has closed on or been awarded $350 million worth of deals, with a target of $500 million in investments for the year. Sabra's goal is to increase its SHOP (senior housing operating portfolio) to 30% by 2026, requiring $1 billion in investments. The same-store managed senior housing portfolio showed a revenue growth of 5.6% year-over-year, with occupancy increasing to 86%. Cash net operating income (NOI) rose 17.1% year-over-year. The company's updated 2025 earnings guidance includes normalized FFO per share of $1.45 to $1.47 and AFFO per share of $1.47 to $1.49. Sabra's leverage, as measured by the net debt to adjusted EBITDA ratio, decreased to 5x as of June 30, 2025. The company maintains a strong liquidity position of approximately $1.2 billion.

Strong Investment Pipeline

Sabra Health Care REIT has closed on $122 million of senior housing investments and has been awarded about $220 million more, with a target of $500 million in investments for the year.

Improved Financial Performance

Normalized FFO and AFFO per share increased to $0.37 and $0.38, respectively, a 6% improvement over the same period in 2024.

Positive Medicaid and Medicare Adjustments

Medicaid rate increases averaging just above 5% for top skilled nursing tenants, and Medicare market basket finalized upward from 2.8% to 3.2%.

Strong Same-Store Portfolio Performance

Same-store managed senior housing portfolio revenue grew 5.6% year-over-year with a 17.1% increase in cash NOI.

Sabra Healthcare REIT (SBRA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SBRA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.18 / -	0.13	―	―	―
Aug 04, 2025	2025 (Q2)	0.17 / 0.27	0.1	170.00% (+0.17)
May 05, 2025	2025 (Q1)	0.17 / 0.17	0.11	54.55% (+0.06)
Feb 19, 2025	2024 (Q4)	0.16 / 0.19	0.07	171.43% (+0.12)
Oct 31, 2024	2024 (Q3)	0.16 / 0.13	-0.07	285.71% (+0.20)
Aug 07, 2024	2024 (Q2)	0.15 / 0.10	0.09	11.11% (+0.01)
May 08, 2024	2024 (Q1)	0.14 / 0.11	-0.04	375.00% (+0.15)
Feb 27, 2024	2023 (Q4)	0.14 / 0.07	-0.37	118.92% (+0.44)
Nov 06, 2023	2023 (Q3)	0.13 / -0.07	-0.22	68.18% (+0.15)
Aug 07, 2023	2023 (Q2)	0.09 / 0.09	0.07	28.57% (+0.02)

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

SBRA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$18.11	$17.88	-1.27%
May 05, 2025	$16.71	$17.30	+3.53%
Feb 19, 2025	$16.00	$15.85	-0.94%
Oct 31, 2024	$18.12	$17.41	-3.92%

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.

FAQ

When does Sabra Healthcare REIT (SBRA) report earnings?

Sabra Healthcare REIT (SBRA) is schdueled to report earning on Oct 30, 2025, TBA (Confirmed).

What is Sabra Healthcare REIT (SBRA) earnings time?

Sabra Healthcare REIT (SBRA) earnings time is at Oct 30, 2025, TBA (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 2025 (Q3) is 0.18.

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