Quarterly ResultApr 29, 2026, 04:35 PM
SBRA Q1 Revenue +20.8% to $221.8M; EPS $0.16; $96.1M Acquisitions
AI Summary
Sabra Health Care REIT, Inc. reported a 20.8% increase in total revenues to $221.8 million for Q1 2026, primarily driven by a significant rise in resident fees and services. Net income attributable to common stockholders slightly increased by 1.4% to $40.9 million, while diluted EPS decreased to $0.16 due to a higher share count. The company was active in real estate, acquiring $96.1 million in properties during the quarter. Subsequent to quarter-end, Sabra sold three skilled nursing facilities for $79.4 million.
Key Highlights
- Total revenues increased 20.8% to $221.75 million in Q1 2026.
- Resident fees and services surged 50.7% to $116.69 million.
- Net income attributable to SBRA rose 1.4% to $40.88 million.
- Diluted EPS decreased to $0.16 from $0.17 in the prior year.
- Acquired three Senior Housing - Managed communities and one skilled nursing facility for $96.1 million.
- Subsequent to quarter-end, sold three skilled nursing facilities for $79.4 million.
- Net cash provided by operating activities increased 22.5% to $98.36 million.
- Increased net borrowings from revolving credit facility by $137.8 million.