earnings
confidence high
sentiment positive
materiality 0.65
Sabra Q2 2024 FFO $0.35; raises 2024 guidance; acquires $76M senior housing
Sabra Health Care REIT, Inc.
2024-Q2 EPS reported
$0.22
revenue$342,888,000
- Net income $0.10/diluted share; Normalized FFO $0.35; AFFO $0.36 per share.
- Raised 2024 Normalized FFO guidance to $1.36–$1.39 from $1.33–$1.36.
- Closed $75.8M acquisition of two managed senior housing communities at 8.0% yield.
- Declared $0.30/share quarterly dividend payable Aug 30, record Aug 19.
- Net Debt to Adjusted EBITDA 5.45x; liquidity $906M as of June 30.