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Sabra Healthcare Reit (DE:SBC)
NASDAQ:SBC
Earnings Data
Report Date
May 06, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed predominantly positive operational and financial momentum: strong same-store and managed SHOP performance, robust investment activity with attractive initial yields, solid liquidity and conservative leverage metrics, and a mid-single-digit earnings growth guide for 2026. Notable headwinds include a sequential decline in triple-net cash NOI due to portfolio transitions, a one-time increase in G&A, decreased interest income versus prior quarter, lagging Holiday transition assets that create near-term catch-up risk, and continued competitive pressure and cap rate compression in the acquisition market. Management emphasized stable regulatory outlook and confidence in execution and infrastructure to scale SHOP operations.Company Guidance
Strong SHOP Operational Performance
Same-store managed senior housing revenue grew 6.4% year-over-year; same-store occupancy increased 160 basis points YoY to 87.9% (domestic 84.7% up 80 bps; Canada 94.2% up 300 bps). RevPOR rose 4.2% YoY (Canada +5.2%). Same-store cash NOI grew 12.6% YoY and XPOR increased 1.6% YoY.
Sequential Managed Portfolio Momentum
Total managed portfolio sequential revenue growth of 15.8% and cash NOI growth of 18.4% with margin expansion of 60 basis points, demonstrating meaningful quarter-to-quarter operational improvement.
Robust Investment Activity and Pipeline
Completed approximately $450,000,000 of investments in 2025 and added ~$150,000,000 during the quarter (four properties). Currently in process of closing ~$240,000,000 of awarded deals (mostly Q1/early Q2) and expect to materially exceed 2025 investment volume in 2026.
Attractive Initial Yields on New Acquisitions
2025 investments had an estimated initial cash yield of ~7.5% and average asset vintage under ten years, indicating relatively modern, income-generating acquisitions.
2026 Earnings Guidance – Midpoint Growth
Full-year 2026 guidance: normalized FFO per share $1.49–$1.53 and normalized AFFO per share $1.55–$1.59, which implies approximately 5% growth at the midpoint vs. 2025.
Solid Q4 Financials
Q4 2025 normalized debt FFO per share of $0.36 and normalized AFFO per share of $0.38; absolute normalized FFO and normalized AFFO totaled $91.2 million and $95.2 million, respectively. Managed senior housing cash NOI increased sequentially by $5.5 million to $35.6 million.
Strong Liquidity and Proactive Capital Strategy
Ample liquidity of approximately $1.2 billion (unrestricted cash $71.5M; revolver availability $782.4M; $322.7M under forward sales). Issued $206M on forward basis during quarter at an average price of $18.79; $322.7M outstanding under forwards at avg $18.60 after commissions.
Leverage and Cost of Debt Favorable
Net debt to adjusted EBITDA of 5.00x as of 12/31/2025 (down 0.27x year-over-year), cost of permanent debt 3.92%, and weighted-average term on permanent debt of 4.2 years with the next material maturity in 2028.
Dividend Declared and Coverage
Board declared a quarterly cash dividend of $0.30 per share to be paid 02/27/2026; dividend represents a payout of 79% of Q4 normalized AFFO per share and was described as adequately covered.
DE:SBC 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
DE:SBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | €15.99 | €16.93 | +5.90% |
Nov 05, 2025 | €14.98 | €14.81 | -1.13% |
Aug 04, 2025 | €14.91 | €15.02 | +0.70% |
May 05, 2025 | €14.12 | €14.10 | -0.17% |
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 (DE:SBC) report earnings?
Sabra Healthcare Reit (DE:SBC) is schdueled to report earning on May 06, 2026, TBA (Confirmed).
What is Sabra Healthcare Reit (DE:SBC) earnings time?
Sabra Healthcare Reit (DE:SBC) earnings time is at May 06, 2026, 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 the P/E ratio of Sabra Healthcare Reit stock?
The P/E ratio of Sabra Healthcare REIT is N/A.
What is DE:SBC EPS forecast?
DE:SBC EPS forecast for the fiscal quarter 2026 (Q1) is 0.14.