Sabra Health Care REIT
Healthcare REIT earning rent and resident fees from nursing and senior-housing properties.
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Profile
Owns and finances skilled-nursing, senior-housing, behavioral-health, and specialty-hospital real estate across the U.S. and Canada. Revenue comes from tenant rent, resident fees at managed senior housing, and credit investments, tying results to third-party operators, managers, healthcare reimbursement, and regulation.
Owns and finances healthcare real estate across the U.S. and Canada, centered on skilled-nursing and transitional-care facilities, leased and managed senior housing, behavioral-health sites, and specialty hospitals. Leased properties produce rent from third-party operators; managed communities generate resident fees while outside managers run day-to-day operations. Loans, preferred equity, and joint ventures add credit-investment income.
Uses a management team with healthcare operating experience and a network of local, regional, and national operators to source investments and transition properties between tenants or management structures. Recent investment activity remains focused on senior housing and skilled nursing.
Cash flow depends on tenant and borrower performance, managed-community occupancy and operating costs, and third-party managers' execution. Skilled-nursing operators also depend heavily on government reimbursement, while healthcare regulation and REIT distribution requirements shape the business.
Company facts
Key statistics
Year to date +7.7% · Average volume (30d) 2.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Raymond James | Upgrade | Underperform | Market Perform | ||
| Jul 22, 2026 | UBS | Target | $19 | $25 | ||
| Jul 22, 2026 | Robert W. Baird | Target | $16 | $23 | ||
| Jul 8, 2026 | Truist Financial | Target | $21 | $22 | ||
| Jul 8, 2026 | Truist Securities | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $0.17 | −$0.10 | −158.4% | $219.4M | $235.9M | +7.5% | +0.24% |
| Apr 29, 2026Q1 FY26 | $0.17 | $0.39 | +134.0% | $209.2M | $221.8M | +6.0% | +1.52% |
| Feb 12, 2026Q4 FY25 | $0.17 | $0.38 | +123.5% | $198.0M | $211.9M | +7.0% | −0.40% |
| Nov 5, 2025Q3 FY25 | $0.38 | $0.38 | 0.0% | $202.0M | $190.0M | −5.9% | +3.57% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $183.5M | $189.2M | $190.0M | $211.9M | $221.8M | $235.9M | |
| Gross profit | $123.6M | $128.0M | $120.4M | $131.5M | $136.1M | $235.9M | |
| Operating income | $67.4M | $71.9M | $59.6M | $64.6M | $39.5M | −$61.8M | |
| Net income | $40.3M | $65.5M | $22.5M | $27.2M | $40.9M | −$25.2M | |
| Diluted EPS | $0.17 | $0.27 | $0.09 | $0.11 | $0.16 | −$0.10 | |
| Gross margin | 67.3% | 67.7% | 63.3% | 62.0% | 61.4% | 100.0% | |
| Operating margin | 36.7% | 38.0% | 31.3% | 30.5% | 17.8% | -26.2% |
Fiscal years (4-quarter sums)FY21 $388.2M · FY22 $532.0M · FY23 $645.4M · FY24 $703.2M · FY25 $774.6M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $231.6M · Total debt $2.65B · Total assets $5.51B · Shareholders' equity $2.75B
Dividends
Raised for 5 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 31 | $0.30 | |
| May 15, 2026 | May 15 | May 29 | $0.30 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.30 | |
| Nov 17, 2025 | Nov 17 | Nov 28 | $0.30 | |
| Aug 15, 2025 | Aug 15 | Aug 29 | $0.30 | |
| May 16, 2025 | May 16 | May 30 | $0.30 | |
| Feb 14, 2025 | Feb 14 | Feb 28 | $0.30 | |
| Nov 15, 2024 | Nov 15 | Nov 29 | $0.30 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 252.19M · Float 250.55M · 99.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 41.61M | 16.50% | 13F | Aug 7, 2026 |
| Principal Financial Group Inc | 24.71M | 9.80% | 13F | Aug 4, 2026 |
| Vanguard Portfolio Management LLC | 23.35M | 9.26% | 13F | Aug 13, 2026 |
| Principal Real Estate Investors LLC | 21.33M | 8.60% | 13G | Feb 6, 2026 |
| State Street Corp | 12.31M | 4.88% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 25, 2026 | Jessica Flores | officer: Executive VP & CAO | −15,231 | $19.86 |
Peers
- Omega Healthcare Investors
Skilled-nursing and assisted-living capital peer
- CareTrust REIT
Operator-led SNF and senior-housing REIT peer
- LTC Properties
Senior-housing and skilled-nursing capital peer
- National Health Investors
Senior-housing, SNF, and specialty-hospital peer
- Welltower
Large senior-housing and post-acute REIT peer
- American Healthcare REIT
Clinical healthcare REIT with senior-care overlap
- Ventas
Diversified senior-housing healthcare REIT peer
- Medical Properties Trust
Hospital real-estate peer for specialty facilities
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sabra Health Care REIT | $20.45 | −0.80% | $5.20B | 78.5 | 28.1 | 6.0 | +24.7% |
| Omega Healthcare Investors | $46.34 | +0.75% | $13.76B | 16.4 | 23.9 | 10.6 | −7.0% |
| CareTrust REIT | $39.03 | 0.00% | $9.22B | 24.2 | 25.2 | 17.0 | +5.1% |
| LTC Properties | $40.89 | +0.64% | $2.08B | 14.6 | 19.7 | 6.0 | −56.2% |
| National Health Investors | $72.03 | 0.00% | $3.49B | 20.8 | 18.6 | 8.1 | −21.9% |
| Welltower | $238.07 | +0.02% | $171.48B | 126.0 | 87.0 | 13.6 | +40.9% |
| American Healthcare REIT | $55.53 | −0.04% | $11.48B | 81.6 | 79.5 | 4.6 | +23.7% |
| Ventas | $91.58 | −0.25% | $44.63B | 170.0 | 130.6 | 6.9 | +21.7% |
| Medical Properties Trust | $4.09 | −0.35% | $2.45B | — | 75.7 | 2.4 | +7.9% |
| Median | 24.2 | 50.4 | 7.5 | +6.5% |