Brief: Sabra Health Care REIT Q2 Net Income USD 65.542 Million

Sabra Health Care REIT

04/08/2025 21:05

Overview

Sabra Q2 net income per share $0.27, FFO $0.44, AFFO $0.37

Same store managed senior housing Cash NOI up 17.1% yr/yr

Co closed $500 mln unsecured term loan, refinancing $500 mln senior notes

Outlook

Sabra projects 2025 net income per share of $0.77-$0.79

Company expects 2025 FFO per share of $1.52-$1.54

Sabra anticipates 2025 AFFO per share of $1.47-$1.49

Company sees low to mid-teens Cash NOI growth for senior housing

Result Drivers

CASH NOI GROWTH - Same store managed senior housing Cash NOI increased 17.1% yr/yr, attributed to operational improvements

INVESTMENT ACTIVITY - $220 mln of additional investments awarded, with expected cash yield in high-7% range

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Rental Revenue
$99.82 mln
Q2 Net Income
$65.54 mln
Q2 Dividend
$0.3


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Sabra Health Care REIT Inc is $20.00, about 8.6% above its August 1 closing price of $18.29

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nBw2TMSqa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)