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6Material company update
Apr 29, 2026·SEC
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Feb 12, 2026·SEC
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Jan 5, 2026·SEC
Sabra Health Care REIT, Inc.(SBRA)Earnings, Financials & Key Ratios
SBRA•NASDAQ•REIT / Real Estate
$19.73
30.8× P/E·Price updated Jul 6, 2026
AboutAs of March 31, 2022, Sabra's investment portfolio included 416 real estate properties held for investment. This consists of (i) 279 Skilled Nursing/Transitional Care facilities, (ii) 59 Senior Housing communities (Senior Housing - Leased), (iii) 50 Senior Housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing - Managed), (iv) 13 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a sales-type lease, 16 investments in loans receivable (consisting of (i) two mortgage loans, (ii) one construction loan and (iii) 13 other loans), seven preferred equity investments and one investment in an unconsolidated joint venture. As of March 31, 2022, Sabra's real estate properties held for investment included 41,445 beds/units, spread across the United States and Canada.Show more
- Revenue$775M+10.2%
- FFO$343M+15.6%
- FFO/Share1.40+11.6%
- FFO Payout84.5%-10.6%
- FFO per Share1.40+11.6%
- NOI Margin65%-4.0%
- FFO Margin44.23%+5.0%
- ROE5.59%+22.3%
- ROA2.88%+21.6%
SBRA Price & Volume
Sabra Health Care REIT, Inc. (SBRA) stock price & volume — 10-year historical chart
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Revenue Growth Amidst Persistent Margin Compression Risks
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Strained
Financial:Vulnerable
Cash Flow:Improving
Primary Risk:Operational margin volatility
Key Thesis Takeaways
- Sabra Health Care REIT demonstrates a robust top-line recovery with 20.8% year-over-year revenue growth in 2026Q1, yet this expansion is tempered by structural margin compression as NOI margins fell to 61.4% from 69.5% in 2023Q4.
- While the company has successfully reduced its debt-to-equity ratio to 0.45, the persistent volatility in FFO per share and the opacity surrounding the Enlivant joint venture continue to cloud the long-term dividend sustainability.
- Investors should remain cautious as the company navigates the capital-intensive demands of its managed senior housing portfolio against a backdrop of thin liquidity.
Verdict Logic
while the 20.8% revenue growth is encouraging, the dividend payout ratio relative to FFO has fluctuated significantly, reaching as high as 115.6% in 2023Q4, warranting further investigation into long-term distribution stability.
SBRA Growth Metrics
Sabra Health Care REIT, Inc. (SBRA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years12.48%
5 Years5.29%
3 Years7.43%
TTM12.89%
Profit CAGR
10 Years6.96%
5 Years2.37%
3 Years-
TTM10.96%
EPS CAGR
10 Years-5.36%
5 Years-0.91%
3 Years-
TTM7.19%
Return on Capital
10 Years5.2%
5 Years4.43%
3 Years4.79%
Last Year5.16%
SBRA Recent Earnings
Sabra Health Care REIT, Inc. (SBRA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$0.39+134.0%
$0.17
Rev
$222M+6.0%
$209M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.38+123.5%
$0.17
Rev
$212M+7.0%
$198M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.38+0.0%
$0.38
Rev
$190M-5.9%
$202M
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$0.38+2.7%
$0.37
Rev
$189M+0.9%
$187M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.39vs $0.17+134.0% | $222Mvs $209M+6.0% |
| Q1 2026 | Feb 12, 2026 | $0.38vs $0.17+123.5% | $212Mvs $198M+7.0% |
| Q4 2025 | Nov 5, 2025 | $0.38vs $0.38+0.0% | $190Mvs $202M-5.9% |
| Q3 2025 | Aug 4, 2025 | $0.38vs $0.37+2.7% | $189Mvs $187M+0.9% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Sabra Health Care REIT, Inc. (SBRA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $19.73 | $4.98B | 30.83 | 10.15% | 20.09% | 5.59% | 6% | |
| $232.69 | $163.03B | 167.40 | 35.82% | 12.31% | 3.49% | — | |
| $92.21 | $43.84B | 170.76 | 18.47% | 4.25% | 2.08% | — | |
| $49.02 | $14.6B | 25.27 | 13.95% | 51.02% | 11.85% | — | |
| $38.77 | $1.98B | 15.38 | 25.26% | 39.08% | 10.9% | — | |
| $41.39 | $9.78B | 26.36 | 108.79% | 71.55% | 8.63% | — |
Compare SBRA vs Peers
Sabra Health Care REIT, Inc. (SBRA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SBRA SEC Filings & Documents
Sabra Health Care REIT, Inc. (SBRA) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SBRA Frequently Asked Questions
Sabra Health Care REIT, Inc. (SBRA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Sabra Health Care REIT, Inc.'s revenue?
Sabra Health Care REIT, Inc. (SBRA) reported $812.8M in revenue for fiscal year 2025. This represents a 9137% increase from $8.8M in 2010.
How fast is Sabra Health Care REIT, Inc. growing?
Sabra Health Care REIT, Inc. (SBRA) grew revenue by 10.2% over the past year. This is steady growth.
Is SBRA profitable?
Yes, Sabra Health Care REIT, Inc. (SBRA) is profitable, generating $156.2M in net income for fiscal year 2025 (20.1% net margin).
Dividend & Returns
Does SBRA pay dividends?
Yes, Sabra Health Care REIT, Inc. (SBRA) pays a dividend with a yield of 6.00%. This makes it attractive for income-focused investors.
What is SBRA's return on equity?
Sabra Health Care REIT, Inc. (SBRA) has a return on equity (ROE) of 5.6%. This is below average, suggesting room for improvement.
Industry Metrics
What is Sabra Health Care REIT, Inc.'s FFO?
Sabra Health Care REIT, Inc. (SBRA) generated Funds From Operations (FFO) of $352.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is SBRA a good dividend stock?
Sabra Health Care REIT, Inc. (SBRA) offers a 6.00% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.