Sabra Health Care REIT, Inc.

Sabra Health Care REIT, Inc. (SBRA) reported strong financial performance for the fiscal year ended December 31, 2025, with total revenues reaching $774.6 million. The company achieved a net income attributable to Sabra Health Care REIT, Inc. of $155.6 million, translating to basic and diluted earnings per share of $1.00. Revenue generation was balanced between rental and related revenues ($374.1M) and resident fees and services ($356.9M), supported by interest and other income of $43.6M. Total expenses were controlled at $630.6M, including $187.0M in depreciation and $112.5M in interest. Operationally, the REIT demonstrated robust cash generation with net cash provided by operating activities totaling $348.6M. The balance sheet remains substantial with total assets of $5.49B and total equity of $2.82B. During the year, Sabra invested heavily in real estate acquisitions ($452.9M) while maintaining a disciplined capital approach, paying down senior unsecured notes ($500.0M) and issuing new term loans ($500.0M). Dividends paid to common stockholders amounted to $289.5M.

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