Sabra Health Care REIT Q4 senior housing NOI rises 12.6%

Sabra Health Care REIT

12/02/2026 21:20

Overview

Healthcare REIT's Q4 same property managed senior housing Cash NOI rose 12.6% yr/yr

Company acquired four senior housing properties for $150.5 mln in Q4 2025

Company issued 2.3 mln shares, netting $40 mln from forward sale agreements

Sabra awarded $240 mln of senior housing and skilled nursing investments, expected to close in Q1 and early Q2

Outlook

Sabra projects 2026 net income per share between $0.60 and $0.64

Company expects 2026 AFFO per share between $1.55 and $1.59

Sabra anticipates low-single-digit Cash NOI growth for triple-net portfolio

Result Drivers

SENIOR HOUSING ACQUISITIONS - Sabra acquired four managed senior housing properties for $150.5 mln with an estimated initial cash yield of 7.0%

CASH NOI GROWTH - Same property managed senior housing Cash NOI increased 12.6% yr/yr for Q4 2025

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Rental Revenue
$92.92 mln
Q4 Net Income
$27.15 mln
Q4 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 $21.00, about 7.1% above its February 11 closing price of $19.60

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nBw9JGCYPa

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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.)