Profile
Sector:
Real EstateIndustry:
Healthcare FacilitiesCountry:
United StatesIPO:
02 April 2002Website:
http://www.sabrahealth.comNext earnings report:
27 February 2025Last dividends:
19 August 2024Next dividends:
15 November 2024Price
regular market | 8 min agoAnalysts recommendations
Institutional Ownership
SBRA Latest News
Sabra Health Care REIT, Inc. (NASDAQ:SBRA ) Q3 2024 Earnings Conference Call November 1, 2024 1:00 PM ET Company Participants Lukas Hartwich - Senior Vice President, Finance Rick Matros - Chief Executive Officer, President & Chair of the Board Talya Nevo-Hacohen - Chief Investment Officer, Treasurer & Executive Vice President Michael Costa - Chief Financial Officer Conference Call Participants Elmer Chang - Scotiabank John Kilichowski - Wells Fargo Austin Wurschmidt - KeyBanc Juan Sanabria - BMO Capital Michael Griffin - Citi Rich Anderson - Wedbush Alec Feygin - Baird Michael Stroyeck - Green Street Omotayo Okusanya - Deutsche Bank Operator Good day, everyone. My name is Adam, and I will be your conference operator today.
Although the revenue and EPS for Sabra (SBRA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Sabra Healthcare (SBRA) came out with quarterly funds from operations (FFO) of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.34 per share a year ago.
Sabra Healthcare REIT is showing a strong turnaround with impressive Q2 earnings, driven by increased occupancy and NOI growth, particularly in senior housing. The REIT's deleveraging efforts and strong liquidity position it well for future investments, with no debt maturing before 2026 and investment-grade ratings. Dividend growth is expected to resume in 2025, with management raising AFFO guidance, suggesting potential for share price appreciation despite lagging peers.
Sabra Healthcare (SBRA) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to FFO of $0.34 per share a year ago.
High interest rates have pressured businesses, but lower rates are expected to provide relief soon, particularly for REITs. Sabra Health Care REIT is poised to benefit from lower interest rates and an aging population. Despite lower occupancy levels, SBRA is expected to outperform peers with solid growth of 4.75% over the next 3 years.
Generating steady income from rentals and a historical resilience in the face of economic adversities make real investment trusts (REITs) a viable choice for growth investors and those hedging against inflation. While residential REITs may be the most familiar type of REITs, medical and healthcare REITs can also be one of the most profitable additions to your investment portfolio.
The headline numbers for Sabra (SBRA) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Sabra Healthcare (SBRA) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.37 per share a year ago.
Sabra Health Care REIT has strong upside potential with a diverse and stable portfolio, high occupancy rates, and a history of consistent dividend payments. The company is well-positioned to benefit from tailwinds, such as the aging population and rising healthcare spending. However, investors should be aware of headwinds, including regulatory uncertainty and high leverage, as well as the potential for near-term volatility with the upcoming Q4 2023 earnings announcement.
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What type of business is Sabra Health Care REIT?
Sabra Health Care REIT, Inc. is a real estate investment trust that invests in properties serving the healthcare industry in the United States and Canada. The company's activities include acquiring, financing, and owning real estate that is leased to third-party tenants in the healthcare sector. The company was registered in May 2010 as a subsidiary of Sun Healthcare Group, Inc., and in November of the same year it separated from Sun and began operating as a REIT. Sabra's investment portfolio consists of 429 properties primarily related to the senior housing industry, including skilled nursing and temporary care facilities. A significant portion of the properties are leased under operating lease agreements with terms ranging from one year to 15 years.
What sector is Sabra Health Care REIT in?
Sabra Health Care REIT is in the Real Estate sector
What industry is Sabra Health Care REIT in?
Sabra Health Care REIT is in the Healthcare Facilities industry
What country is Sabra Health Care REIT from?
Sabra Health Care REIT is headquartered in United States
When did Sabra Health Care REIT go public?
Sabra Health Care REIT initial public offering (IPO) was on 02 April 2002
What is Sabra Health Care REIT website?
https://www.sabrahealth.com
Is Sabra Health Care REIT in the S&P 500?
No, Sabra Health Care REIT is not included in the S&P 500 index
Is Sabra Health Care REIT in the NASDAQ 100?
No, Sabra Health Care REIT is not included in the NASDAQ 100 index
Is Sabra Health Care REIT in the Dow Jones?
No, Sabra Health Care REIT is not included in the Dow Jones index
When was Sabra Health Care REIT the previous earnings report?
No data
When does Sabra Health Care REIT earnings report?
The next expected earnings date for Sabra Health Care REIT is 27 February 2025