Sabra Health Care REIT, Inc. SBRA

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived Nasdaq

We operate as a self-administered, self-managed REIT that, through our subsidiaries, owns and invests in real estate serving the healthcare industry.

Our primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector. We primarily generate revenues by leasing properties to tenants and owning properties operated by third-party property managers throughout the United States ("U.S.") and Canada.

Our investment portfolio is primarily comprised of skilled nursing/transitional care facilities, senior housing communities ("Senior Housing - Leased"), behavioral health facilities, and specialty hospitals and other facilities, in each case leased to third-party operators; senior housing communities operated by third-party property managers pursuant to property management agreements ("Senior Housing - Managed"); investments in joint ventures; loans receivable; and preferred equity investments.

Last close 19.56 2026-10-23
Market cap $5.00B 2026-06-30 share count
52-week range 17.16 - 22.77

Valuation FY2025 figures against the last close

P/S14.0x
P/E30.6x
P/FCF14.3x
EV/EBITDA—
Dividend yield5.8%
Diluted EPS0.64

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $356.9M$284.6M$236.2M$186.7M$155.5M$156.0M$128.1M$70.1M$26.4M$260.5M
SG&A $53.7M$50.1M$47.5M$39.6M$34.7M$32.8M$30.9M$37.1M$32.4M$17.7M
Pre-tax income $153.4M$128.1M$18.7M$21.7M$80.7M$155.7M$79.2M$287.6M$159.0M$71.3M
Income tax $1.8M$1.0M$2.0M$1.2M$1.8M$710.0K$3.4M$3.0M$651.0K$1.0M
Net income $155.6M$126.7M$13.8M-$77.6M-$113.3M$138.4M$69.0M$279.1M$158.4M$70.3M
EPS, basic 0.640.540.06-0.34-0.520.670.371.511.400.92
EPS, diluted 0.640.540.06-0.34-0.520.670.371.511.400.92
Shares, diluted (wtd. avg.) 244.5M236.0M232.8M230.9M219.1M207.3M188.1M178.7M105.8M65.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $71.5M$60.5M$46.7M$53.9M$115.9M$65.5M$49.1M$59.7M$587.4M$34.7M
Other intangibles $65.3M$27.5M$30.9M$40.1M$54.1M$82.8M$101.5M$131.1M$167.1M$26.2M
Total assets $5.49B$5.30B$5.39B$5.75B$5.97B$5.99B$6.07B$6.67B$7.03B$2.27B
Long-term debt $2.53B$2.42B$2.41B$2.51B$2.39B$2.37B$2.40B$3.23B$3.39B$1.21B
Total liabilities $2.67B$2.56B$2.58B$2.69B$2.59B$2.58B$2.58B$3.41B$3.60B$1.25B
Total equity $2.82B$2.74B$2.80B$3.06B$3.38B$3.41B$3.49B$3.25B$3.44B$1.02B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $348.6M$310.5M$300.6M$315.7M$356.4M$354.9M$372.5M$360.6M$135.8M$175.9M
Depreciation and amortisation $187.0M$169.6M$183.1M$187.8M$179.0M$176.7M$181.5M$191.4M$113.9M$68.5M
Stock-based compensation $11.4M$9.0M$7.9M$7.5M$7.9M$7.9M$9.8M$7.6M$8.4M$7.5M
Investing cash flow -$378.0M-$109.0M$103.1M-$216.2M-$336.2M-$136.5M$262.8M-$258.5M-$182.6M$142.4M
Financing cash flow $40.8M-$181.6M-$410.3M-$161.7M$30.1M-$202.1M-$646.2M-$629.3M$598.8M-$300.9M
Dividends paid $289.5M$280.1M$277.4M$277.2M$262.9M$278.3M$335.4M$325.2M$182.1M$119.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001492298-26-000008.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M Revenue, FY2016: 260.5M Net income, FY2016: 70.3M Revenue, FY2017: 26.4M Net income, FY2017: 158.4M Revenue, FY2018: 70.1M Net income, FY2018: 279.1M Revenue, FY2019: 128.1M Net income, FY2019: 69M Revenue, FY2020: 156M Net income, FY2020: 138.4M Revenue, FY2021: 155.5M Net income, FY2021: -113.3M Revenue, FY2022: 186.7M Net income, FY2022: -77.6M Revenue, FY2023: 236.2M Net income, FY2023: 13.8M Revenue, FY2024: 284.6M Net income, FY2024: 126.7M Revenue, FY2025: 356.9M Net income, FY2025: 155.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $260.5M $26.4M $70.1M $128.1M $156.0M $155.5M $186.7M $236.2M $284.6M $356.9M
Gross profit — — — — — — — — — —
Net income $70.3M $158.4M $279.1M $69.0M $138.4M -$113.3M -$77.6M $13.8M $126.7M $155.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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