Sabra Q3 net loss $0.07, FFO $0.33; senior housing managed occupancy up 170 bps to 81.9%

Sabra Health Care REIT, Inc.

2023-Q3 EPS reported -$0.01 revenue$484,117,000

Net loss per diluted share $0.07; FFO $0.33; Normalized FFO $0.33; AFFO $0.35.
Generated $80M gross proceeds from sale of 13 skilled nursing and two senior housing facilities, used to reduce revolver.
Same-store senior housing managed occupancy up 170 bps sequentially to 81.9%; Cash NOI up 28.2% YoY.
Declared $0.30/share quarterly dividend payable Nov 30, 2023 to holders of record Nov 17.
CEO stated cost of capital improvement opening door to external growth; strategy focused on lower-risk singles/doubles.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Sabra Health Care REIT, Inc. reported financial results for the three month period ended September 30, 2023.

Period: the three month period ended September 30, 2023
Result: reported results

Exact text from the filing

On November 6, 2023, Sabra Health Care REIT, Inc. (“Sabra”) issued a press release reporting its results of operations for the three month period ended September 30, 2023.

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Sabra Health Care REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001492298-23-000024

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