Sabra Health Care REIT (SBRA)
NASDAQReal EstateReit - Healthcare FacilitiesSnapshot 2026-09-04
$20.78-0.72%
Close 2026-09-04 · 1-day change
NASDAQReal EstateReit - Healthcare FacilitiesSnapshot 2026-09-04
QuarterlyIQ Insights · SBRA
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance recently climbed back into the top half of its industry — confirming the recovery.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 7.0% |
| Our one-year growth estimate | diamond | 13.1% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 6.1 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 15 industry peers · Company calendar date is not available
SBRA — earnings in line
Dated 2026-04-29
Results of Operations and Financial Condition. On April 29, 2026, Sabra Health Care REIT, Inc. (“Sabra”) issued a press release reporting its results of operations for the three month period ended March 31, 2026. The press release refers to the Reconciliations of Non-GAAP Financial Measures that is available on the Investors section of Sabra’s website, free of charge, at www.sabrahealth.com. The text of the press release and the Reconciliations of Non-GAAP Financial Measures are furnished her…
Why it matters: Closing these investments shows growth and strength. It shows the company can follow its plan.
Supportive ifThe company completed $200 million in investments. These have an average cash yield of 8.2%.
Worry ifFailure to close any of the awarded investments by the end of Q2 2026.
Why it matters: Closing these investments could enhance revenue and growth prospects.
Supportive ifThe $100 million in senior housing investments will close by the end of 2026.
Worry ifThe investments are not finalized or delayed beyond 2026.
Why it matters: Keeping the dividend shows financial health. It also shows commitment to shareholders.
Supportive ifSabra declares a quarterly cash dividend of $0.30 per share.
Worry ifSabra cuts or stops the dividend payment.
Why it matters: Over $9 million in cash NOI growth may show good portfolio management.
Supportive ifCash NOI grows by over $9 million from these projects on a run-rate basis.
Worry ifCash NOI does not grow as expected from the smaller portfolio projects.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$84 on $10,000 · ±0.8% | How much price usually moves either way. |
| Bad day | $245 loss on $10,000 · 2.4% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,610 loss on $10,000 · 16.1% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: An increase would show good performance and trust in future growth. It shows management can adjust to the market.
Supportive ifManagement raises its 2026 guidance for Normalized FFO and AFFO. The new numbers are higher than before.
Worry ifGuidance stays the same or decreases. This may show some operational issues.
Why it matters: Growth in Cash NOI shows strong performance in operations.
Supportive ifSame property managed senior housing Cash NOI growth exceeds 13.7% year over year.
Worry ifCash NOI growth falls below 10% year over year.
Why it matters: Cutting debt helps financial stability. This could improve leverage and cash flow.
Supportive ifNet Debt to EBITDA ratio goes below 4.5x after the RCA mortgage is paid.
Worry ifNet Debt to EBITDA ratio remains above 5.0x.
Why it matters: This change could raise yearly cash rent by almost 30%. It shows management can improve the portfolio.
Supportive ifAll 26 Avamere properties have changed. Cash rent now totals $53 million.
Worry ifThe transition is delayed or fails, keeping cash rent below $41 million.
Why it matters: Earnings will show how revenue is growing and how the portfolio is doing.
Watch forNormalized FFO per share is over $0.38. This shows strong performance.
Also watch forNormalized FFO per share is below $0.37. This shows weaker performance.
Why it matters: This repayment lowers debt and makes finances more stable.
Supportive ifIt is confirmed that the repayment is done and debt is down to 4.8x.
Worry ifThe repayment is not completed or leverage remains above 5.0x.
Why it matters: Sector trends can impact Sabra's performance. A rebound in revenue growth could signal better times ahead.
Supportive ifSector revenue growth is speeding up after recent drops. This is a positive sign.
Worry ifSector revenue growth continues to decline or remains stagnant.
Why it matters: Keeping the dividend shows strong cash flow. It shows a commitment to shareholders.
Supportive ifThe company declares a quarterly cash dividend of $0.30 per share for the next quarter.
Worry ifThe company cuts the dividend below $0.30 per share, indicating cash flow issues.
Why it matters: A lower ratio shows better financial health. It means less debt, which is good for investors.
Supportive ifNet debt to adjusted EBITDA improves to below 4.5x. This is due to good management.
Worry ifNet debt to adjusted EBITDA stays above 4.5x. This shows ongoing debt concerns.
Why it matters: This transition is expected to increase annualized cash rent from $41 million to $53 million. It shows progress in optimizing the portfolio.
Supportive ifThe transition of all 26 Avamere properties is completed as planned in the second half of 2026.
Worry ifThe transition faces delays or fails to close as expected, keeping cash rent below $53 million.