Sabra Health Care REIT Q1 senior housing NOI up 14.4%, investment closings seen in Q2

Sabra Health Care REIT

29/04/2026 21:16

Overview

US health care REIT's Q1 net income per share fell slightly yr/yr to $0.16

Normalized AFFO per share rose to $0.39 from $0.37 a year earlier

Same property managed senior housing Cash NOI increased 14.4% yr/yr

Outlook

Sabra reiterates its 2026 full-year guidance

Company expects most of $200 mln in new investments to close in Q2

Sabra says investment pipeline remains robust

Result Drivers

MANAGED SENIOR HOUSING - Co said same property managed senior housing Cash NOI rose 14.4% yr/yr, driving results

PORTFOLIO EXPANSION - Co acquired and invested in senior housing and skilled nursing properties totaling $102.0 mln in Q1, with more investments awarded

RENT COVERAGE IMPROVEMENT - Co said rent coverage for all triple net asset classes hit new highs

Company press release: ID:nBw72GJBva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Rental Revenue
$95.05 mln
Q1 Net Income
$40.81 mln
Q1 Dividend
$0.30


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 8 "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 $22.00, about 7.3% above its April 28 closing price of $20.51

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 25 three months ago

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(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.)