Sabra Health Care REIT, Inc. (NASDAQ: SBRA) Q2 2025 Earnings | 08/06/2025

12 days ago

47:37

Inside Ticker

Earnings Calls

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Sabra Health Care REIT, Inc. posted a robust Q2 2025, comfortably surpassing analyst forecasts and advancing its portfolio strategy. Quarterly revenue reached $189.15 million, marking a 7.4% year-over-year increase and beating consensus estimates by over $8 million. Normalized funds from operations (FFO) per share rose to $0.37—well above the forecasted $0.17—while net income was $0.27 per diluted share, reflecting strong operational execution. Performance gains were led by a 17.1% year-over-year increase in same-store managed senior housing Cash NOI and occupancy climbing to 86% (up from 84.6% a year ago). Sabra closed $122.3 million in new senior housing investments year-to-date and was awarded an additional $220 million in future deals, intensifying its focus on growing senior housing to 30% of assets. In Canada, cash NOI from senior housing surged 15.9% on occupancy well above 90% for the fifth straight quarter. The company smoothly transitioned 16 properties in its Holiday portfolio to new operators, aiming for longer-term performance improvements. Medicaid and Medicare rate increases—averaging 3.5% and 3.2%, respectively—also strengthened the outlook for Sabra’s skilled nursing tenants. Sabra ended the quarter with approximately $1.2 billion in liquidity and refinanced $500 million in unsecured notes with a lower-rate term loan to further reduce interest expense and enhance flexibility. Management reaffirmed commitment to disciplined acquisitions, operational efficiency, and strategic portfolio shifts to capitalize on demographic-driven demand for senior housing. 2025 guidance was updated to projected net income of $0.77–$0.79 per share and FFO of $1.52–$1.54 per share, underpinned by significant new investment targets and stable balance sheet metrics. About Inside Ticker: For more expert analysis and real-time updates on Sabra Health Care REIT, Inc. (NASDAQ: SBRA) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #Sabra #SBRA #Q22025 #Earnings #FinancialResults #NetIncome #Revenue #FFO #SeniorHousing #SHOP #HealthcareREIT #Medicare #Medicaid #HolidayPortfolio #Investment #Occupancy #Dividend #NOI #EBITDA #Canada #PortfolioGrowth #RealEstate #InsideTicker #2025Outlook #REITs #SkilledNursing #InvestorUpdate

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