earnings
confidence high
sentiment positive
materiality 0.75
Sabra Q2 FFO $0.32, dividend $0.30; occupancy gains, Medicaid rates up >5%
Sabra Health Care REIT, Inc.
2023-Q2 EPS reported
$0.05
revenue$322,490,000
- Q2 diluted net income $0.09; Normalized FFO $0.33; AFFO $0.33; Normalized AFFO $0.34.
- Disposed four skilled nursing facilities for $18M gross proceeds.
- Transitioned 11 managed senior housing properties from Enlivant to Inspirit Senior Living on July 6.
- Board declared $0.30/share cash dividend payable Aug 31, record Aug 17.
- Medicaid rate increases avg over 5% across portfolio; CMS finalized 4.0% Medicare Part A hike effective Oct 1.