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Sabra Healthcare REIT (SBRA)
NASDAQ:SBRA
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.18Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 0.59%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with record highs in key metrics, a strong pipeline of deals, and improved financial performance. However, challenges related to labor, limited skilled nursing opportunities, and potential Medicaid changes were noted.Company Guidance
During the 2025 Sabra First Quarter Earnings Call, Sabra Health Care REIT provided guidance and performance metrics reflecting continued growth and stability. Their skilled nursing and triple-net senior housing EBITDA and rent coverage reached new highs at 2.19 and 1.41, respectively, while behavioral health coverage hit 3.77. The company's skilled nursing occupancy rose by 80 basis points sequentially, and triple-net senior housing occupancy increased by 50 basis points. In their managed senior housing portfolio, revenue grew 6.3% year-over-year with first-quarter occupancy at 85.4%, and cash NOI increased by 16.9%. The company reported a normalized FFO per share of $0.35 and affirmed their 2025 earnings guidance. Additionally, Sabra announced over $200 million in awarded deals, highlighting a robust acquisition pipeline. They maintain a strong balance sheet, with a net debt to adjusted EBITDA ratio of 5.19x and liquidity of over $1 billion.Record Highs in Skilled Nursing and Senior Housing Metrics
Skilled nursing and triple-net senior housing EBITDA and rent coverage reached new highs at 2.19 and 1.41, respectively, with behavioral metrics hitting their highest level since 2023 at 3.77.
Improved Occupancy and Deal Pipeline
Skilled occupancy increased by 80 basis points sequentially, with a 50 basis point increase in triple-net senior housing occupancy. The deal pipeline is busier than in a very long time, with over $200 million in deals awarded.
Strong Performance in Managed Senior Housing Portfolio
Same-store managed senior housing revenue grew 6.3% year-over-year; U.S. communities' cash NOI grew 14.4%, and Canadian communities' cash NOI increased 24.7%.
Solid Financial Performance
Normalized FFO per share increased to $0.35 from $0.34, and normalized AFFO per share increased to $0.37 from $0.35 year-over-year. Cash NOI from the managed senior housing portfolio increased to $24.1 million from $19.1 million.
Improved Leverage Ratios and Dividend Announcement
Net debt to adjusted EBITDA ratio decreased to 5.19x, with ample liquidity of over $1 billion. A quarterly cash dividend of $0.30 per share was declared.
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
SBRA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | $16.99 | $17.59 | +3.53% |
Feb 19, 2025 | $16.27 | $16.11 | -0.98% |
Oct 31, 2024 | $18.42 | $17.70 | -3.91% |
Aug 07, 2024 | $15.53 | $15.34 | -1.22% |
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 Jul 30, 2025, TBA Not Confirmed.
What is Sabra Healthcare REIT (SBRA) earnings time?
Sabra Healthcare REIT (SBRA) earnings time is at Jul 30, 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 2025 (Q2) is 0.18.