earnings
confidence high
sentiment neutral
materiality 0.70
Sabra Q2 2022 FFO $0.36, Normalized AFFO $0.38; acquires $264.9M YTD; dividend $0.30/share
Sabra Health Care REIT, Inc.
2022-Q2 EPS reported
$0.25
revenue$319,062,000
- Q2 diluted FFO $0.36, Normalized FFO $0.39, AFFO $0.36, Normalized AFFO $0.38; net income $0.07.
- Year-to-date investments total $264.9M at 6.9% weighted avg initial yield, including 12 Canadian senior housing communities.
- Dispositions YTD $40.2M; six facilities under contract expected to generate over $210M by year-end.
- Net Debt/EBITDA 5.44x, target ~5.0x by year-end using disposition proceeds; dividend $0.30/share (79% payout of Normalized AFFO).
- Behavioral health portfolio now ~$730M (~13% of NOI); same-store managed AL cash NOI up >50% sequentially.