Sabra Health Care REIT Q3 rental revenue declines

Sabra Health Care REIT

05/11/2025 21:52

Overview

Sabra Q3 rental and related revenue declines to $85.4 mln vs $94.6 mln year ago

Net income for Q3 decreases compared to last year

Company updates 2025 earnings guidance, reflecting market conditions

Outlook

Sabra updates 2025 Net Income guidance to $0.655 - $0.665 per share

Company expects mid-teens Cash NOI growth for managed senior housing portfolio

Sabra anticipates exceeding $500 mln investment target for 2025

Result Drivers

SENIOR HOUSING GROWTH - Same store managed senior housing Cash NOI increased 13.3% year-over-year, driven by improved performance of transition assets

ACQUISITIONS - Acquired six managed senior housing properties for $217.5 mln with an estimated initial cash yield of 7.8%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Rental and Related Revenue
$85.35 mln
Q3 Net Income
$22.52 mln
Q3 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 $20.00, about 10.1% above its November 4 closing price of $17.98

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nBwbqYwdfa

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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.)