Sabra Health Care REIT, Inc. SBRA
As of March 31, 2022, Sabra Health Care REIT, Inc. held a diverse investment portfolio. This largely comprised 416 income-generating real estate properties, which included: 279 skilled nursing and transitional care facilities; 59 senior living communities operating under lease agreements; 50 senior housing properties managed by external operators; 13 behavioral health centers; and 15 specialized hospitals and other healthcare sites. In addition to its real estate holdings, Sabra's portfolio also featured: a single asset earmarked for sale; one sales-type lease arrangement; a total of 16 loan receivables, consisting of two mortgage loans, one construction loan, and thirteen other debt instruments; seven preferred equity stakes; and an interest in one unconsolidated joint venture. Collectively, these 416 investment properties offered a capacity of 41,445 beds and residential units, geographically distributed across both the United States and Canada.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-28) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-05-15 | 2026-05-15 | 2026-05-29 | 2026-04-29 | $0.30 | Quarterly |
| 2026-02-13 | 2026-02-13 | 2026-02-27 | 2026-02-02 | $0.30 | Quarterly |
| 2025-11-17 | 2025-11-17 | 2025-11-28 | 2025-11-05 | $0.30 | Quarterly |
| 2025-08-15 | 2025-08-15 | 2025-08-29 | 2025-08-04 | $0.30 | Quarterly |
| 2025-05-16 | 2025-05-16 | 2025-05-30 | 2025-05-05 | $0.30 | Quarterly |
| 2025-02-14 | 2025-02-14 | 2025-02-28 | 2025-02-03 | $0.30 | Quarterly |
| 2024-11-15 | 2024-11-15 | 2024-11-29 | 2024-10-31 | $0.30 | Quarterly |
| 2024-08-19 | 2024-08-19 | 2024-08-30 | 2024-08-07 | $0.30 | Quarterly |
| 2024-05-17 | 2024-05-20 | 2024-05-31 | 2024-05-08 | $0.30 | Quarterly |
| 2024-02-12 | 2024-02-13 | 2024-02-29 | 2024-02-01 | $0.30 | Quarterly |
| 2023-11-16 | 2023-11-17 | 2023-11-30 | 2023-11-06 | $0.30 | Quarterly |
| 2023-08-16 | 2023-08-17 | 2023-08-31 | 2023-08-07 | $0.30 | Quarterly |
| 2023-05-15 | 2023-05-16 | 2023-05-31 | 2023-05-03 | $0.30 | Quarterly |
| 2023-02-10 | 2023-02-13 | 2023-02-28 | 2023-02-01 | $0.30 | Quarterly |
| 2022-11-16 | 2022-11-17 | 2022-11-30 | 2022-11-07 | $0.30 | Quarterly |
| 2022-08-16 | 2022-08-17 | 2022-08-31 | 2022-08-03 | $0.30 | Quarterly |
| 2022-05-13 | 2022-05-16 | 2022-05-31 | 2022-05-04 | $0.30 | Quarterly |
| 2022-02-10 | 2022-02-11 | 2022-02-28 | 2022-02-01 | $0.30 | Quarterly |
| 2021-11-15 | 2021-11-16 | 2021-11-30 | 2021-11-03 | $0.30 | Quarterly |
| 2021-08-16 | 2021-08-17 | 2021-08-31 | 2021-08-04 | $0.30 | Quarterly |
| 2021-05-14 | 2021-05-17 | 2021-05-28 | 2021-05-05 | $0.30 | Quarterly |
| 2021-02-11 | 2021-02-12 | 2021-02-26 | 2021-02-02 | $0.30 | Quarterly |
| 2020-11-13 | 2020-11-16 | 2020-11-30 | 2020-11-05 | $0.30 | Quarterly |
| 2020-08-14 | 2020-08-17 | 2020-08-31 | 2020-08-05 | $0.30 | Quarterly |
Coverage (payout of operating cash flow): 84.16%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $774.63M | $155.61M | $187.00M | $456.83M | $348.61M |
| 2024 | $703.24M | $126.71M | $169.62M | $412.61M | $310.54M |
| 2023 | $647.51M | $13.76M | $183.09M | $311.81M | $300.57M |
| 2022 | $624.81M | $-77.61M | $187.78M | $216.89M | $315.73M |
| 2021 | $569.54M | $-113.26M | $178.99M | $166.21M | $356.39M |
| 2020 | $598.57M | $138.42M | $176.74M | $416.29M | $354.85M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.