earnings
confidence high
sentiment neutral
materiality 0.65
Sabra Health Care REIT reports Q1 net loss $(0.04) per share, Normalized FFO $0.33
Sabra Health Care REIT, Inc.
2023-Q1 EPS reported
-$0.04
revenue$161,324,000
- Net loss per diluted share $(0.04); Normalized FFO $0.33, AFFO $0.33.
- Closed $70.2M in acquisitions (three senior housing assets) with ~8% stabilized yields.
- Generated $190M gross proceeds from disposition of seven skilled nursing and two senior housing properties.
- Net Debt to Adjusted EBITDA 5.52x; declared $0.30/share dividend payable May 31, 2023.
- Withdrew from Enlivant JV; plans to transition 11 owned senior housing properties to new operator.