Sabra Health Care REIT, Inc.

Symbol: SBRA
CIK: 1492298
Exchange: NASDAQ
Founded: 2010 (9 years)
HQ: Irvine, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Health Care

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Overall Score: 7.5

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. Learn More


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Hightlights of Trading Day October 18, 2019


Open Price: $23.4
Closing Price: $23.63
Price Change: 0.21 (0.897%)
Lowest Price: $23.24
Highest Price: $23.845

52-Week Low: $15.70
52-Week High: $23.63
52-Week Change: 8.05%

5 Day Price Change: 2.99%
1 Month Price Change: 4.27%
3 Month Price Change: 13.09%
6 Month Price Change: 22.36%
YTD Price Change: 45.74%
1 Year Price Change: 7.09%
2 Year Price Change: 10.63%
5 Year Price Change: -8.01%

Dividend of Trading Day October 18, 2019


Dividend Yield: 7.617%*
Annualized Dividend: $1.8*
Dividend Yield (TTM): 7.617%
Annualized Dividend (TTM): $1.8
Ex Dividend Date: 2019-08-19
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day October 18, 2019


Total Cash: $59,658,000
Current Debt: $3,421,000
Revenue: $634,209,000
Gross Profit: $435,129,000
Total Revenue: $634,209,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $511,837,000
Revenue Per Share: $3
Revenue Per Employee: $20,458,355
Employee: 31
Debt to Equity Ratio (D/E): 0.99
Profit Margin: 0.44%
Enterprise Value (EV): $7,481,916,100
Enterprise Value to Revenue (EV/R): 11.80
Price to Sales (P/S): 6.80
Price to Book (P/B): 1.33
Peg Ratio: -3.47
P/E Ratio: 207.28
P/E High: 211.18
P/E Low: 142.73
Forward P/E Ratio: 63.17
Market Capitalization: $4,478,239,450
Beta: 0.59
Latest Volume: 1,581,281.00
Avg. Total Volume: 1,355,386
Avg. 10 Volume: 1,387,010.30
Avg. 30 Volume: 1,355,386.00
TTM EPS: 0.11
TTM Dividend Rate: 1.80
Shares Outstanding: 189,515,000
Float: 186,867,096.42
50-Day Moving Avg.: 22.22
200-Day Moving Avg.: 20.18

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Properties Owned by SBRA


Properties owned:
432
Types:
1
States:
44
Countries:
2
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
SBRA Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by SBRA, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 57,474,000 32,639,000 59,658,000 139,516,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 372,534,000 379,126,000 384,382,000 429,548,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 108,877,000 119,667,000 131,097,000 142,919,000
Other Assets 114,944,000 397,070,000 167,161,000 136,211,000
Net Tangible Assets 3,256,098,000 3,046,469,000 3,161,906,000 3,362,901,000
Total Assets 6,123,179,000 6,455,145,000 6,665,303,000 6,910,339,000
Accounts Payable 0 0 0 0
Liabilities (Other) 167,036,000 174,137,000 178,553,000 174,487,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 1,735,000 2,584,000 3,421,000 1,085,000
Long-term Debt 2,684,232,000 3,227,646,000 3,228,582,000 3,367,509,000
Total Liabilities 2,862,803,000 3,404,367,000 3,410,556,000 3,543,081,000
Minority Interest 6,000 12,000 11,000 10,000
Common Stock 1,895,000 1,784,000 1,783,000 1,783,000
Retained Earnings -460,832,000 -462,555,000 -271,595,000 -171,116,000
Treasury Stock 0 0 0 0
Capital Surplus 3,725,971,000 3,508,987,000 3,507,925,000 3,505,877,000
Shareholder Equity 3,256,098,000 3,046,469,000 3,250,414,000 3,362,901,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 219,460,000 142,990,000 144,232,000 149,978,000
Cost of Revenue 47,875,000 49,253,000 51,586,000 45,643,000
Gross Profit 171,585,000 93,737,000 92,646,000 104,335,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 55,934,000 57,431,000 62,884,000 53,665,000
Operating Income 124,728,000 55,412,000 25,826,000 77,746,000
Income Expense Net (Other) -40,191,000 -132,492,000 -44,045,000 -41,786,000
EBIT 124,728,000 55,412,000 25,826,000 77,746,000
Interest Income 27,177,000 26,620,000 25,357,000 41,260,000
Pretax Income 84,537,000 -77,080,000 -18,219,000 35,960,000
Income Tax 854,000 612,000 1,164,000 732,000
Minority Interest 6,000 12,000 11,000 10,000
Net Income 83,677,000 -77,704,000 -19,394,000 35,218,000
Net Income Basic 83,677,000 -77,704,000 -19,394,000 35,218,000

Cash Flow

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Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 83,677,000 -77,704,000 -19,394,000 35,218,000
Depreciation 47,875,000 49,253,000 51,586,000 54,029,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 24,835,000 -27,019,000 -79,858,000 -86,138,000
Cash Flow 133,512,000 53,953,000 75,179,000 71,459,000
Capital Expenditures 0 0 0 0
Investments 312,731,000 3,872,000 63,535,000 -15,458,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 311,535,000 6,347,000 57,759,000 -19,354,000
Dividends Paid -81,475,000 -80,260,000 -80,135,000 -80,349,000
Net Borrowings -545,854,000 -4,849,000 -132,136,000 -58,062,000
Cash Flow Financing -420,363,000 -87,468,000 -212,413,000 -138,339,000
Financing Cash Flows (Other) -6,932,000 -36,000 -142,000 72,000
Exchange Rate Effect 151,000 149,000 -383,000 96,000

About Sabra Health Care REIT, Inc.


Sabra Health Care REIT, Inc., operates as a self-administered, self-managed real estate investment trust that, through its subsidiaries, owns and invests in real estate serving the health care industry. Sabra’s more than 400 skilled nursing, senior housing, hospitals and other health care assets are operated by 70 high-quality regional and local care providers that share Sabra’s passion for excellent care.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
6 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
4 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
10 Dividend to Normalized AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to Normalized AFFO Payout Ratios during the last four quarters. 8.8
6 Dividend to Normalized AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Normalized AFFO Payout Ratios trend during the last two years. 7.5
6 Normalized AFFO Trend: Analysis of the REIT’s Normalized AFFO trend during the last two years. 8.7
Rating Leverage Section Avg. Rating
7 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
4 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.2
8 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.3
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
7.5 Overall REITRating™ Score 6.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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