Sabra Health Care REIT, Inc. | REIT Profile

Symbol: SBRA
CIK: 1492298
Exchange: NASDAQ
Founded: 2010 (11 years)
HQ: Irvine, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Health Care

See SBRA on Google Finance
See SBRA on Yahoo Finance
See SBRA on SEC.gov

Website Logo  Linkedin Logo  RSS Logo 

Overall Score: 6.9

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


Sabra Health Care REIT, Inc. Company Logo

Stock Chart

See in Advanced Graph View

Hightlights of Trading Day October 15, 2021


Open Price: $15.22
Closing Price: $15.21
Price Change: 0.21 (1.4%)
Lowest Price: $15.14
Highest Price: $15.45

52-Week Low: $11.98
52-Week High: $18.68
52-Week Change: 9.49%

5 Day Price Change: 2.74%
1 Month Price Change: -4.64%
3 Month Price Change: -16.74%
6 Month Price Change: -11.99%
YTD Price Change: -9.01%
1 Year Price Change: 12.87%
2 Year Price Change: -23.03%
5 Year Price Change: -6.19%

Dividend of Trading Day October 15, 2021


Dividend Yield: 7.89%*
Annualized Dividend: $1.2*
Dividend Yield (TTM): 7.793%
Annualized Dividend (TTM): $1.169
Ex-Dividend Date: 2021-08-16
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. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Sabra Health Care REIT, Inc.

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day October 15, 2021


Total Cash: $69,347,000
Current Debt: $119,419,000
Revenue: $600,603,000
Gross Profit: $600,603,000
Total Revenue: $600,603,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $254,892,000
Revenue Per Share: $3
Revenue Per Employee: N/A
Employee: 38
Debt to Equity Ratio (D/E): 1.72
Profit Margin: -0.04%
Enterprise Value (EV): $5,493,867,873
Enterprise Value to Revenue (EV/R): 9.15
Price to Sales (P/S): 5.49
Price to Book (P/B): 0.97
Peg Ratio: 1.08
P/E Ratio: -125.91
P/E High: 20.74
P/E Low: 9.81
Forward P/E Ratio: 67.22
Market Capitalization: $3,358,734,622
Beta: 1.20
Latest Volume: 2,606,207.00
Avg. Total Volume: 2,211,719
Avg. 10 Volume: 2,328,450.00
Avg. 30 Volume: 2,211,719.00
TTM EPS: -0.12
TTM Dividend Rate: 1.17
Shares Outstanding: 220,824,104
Float: N/A
50-Day Moving Avg.: 15.50
200-Day Moving Avg.: 16.87

Latest REIT Community Comments on #SBRA


See more community comments related to SBRA

Properties Owned by SBRA


Properties Based on REIT's Official Presentation

Properties Types States Countries
432 1 44 2

Please visit REIT’s official webpage for the most up-to-date property list.

SBRA Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $21.63 per share you would have been able to buy 46 shares of SBRA on 2020-10-15 costing $994.98 @ $21.63 per share you would have been able to buy 23 shares of SBRA on 2020-10-15 costing $497.49 @ $21.63 per share you would have been able to buy 11 shares of SBRA on 2020-10-15 costing $237.93 @ $21.63 per share you would have been able to buy 4 shares of SBRA on 2020-10-15 costing $86.52 @ $21.63 per share you would have been able to buy 2 shares of SBRA on 2020-10-15 costing $43.26
Current worth On 2021-10-15 these 46 shares would be worth $699.66 @ $15.21 On 2021-10-15 these 23 shares would be worth $349.83 @ $15.21 On 2021-10-15 these 11 shares would be worth $167.31 @ $15.21 On 2021-10-15 these 4 shares would be worth $60.84 @ $15.21 On 2021-10-15 these 2 shares would be worth $30.42 @ $15.21
Dividends earned $55.20 in dividends would have been earned since 2020-10-15 with 46 shares. $28 in dividends would have been earned since 2020-10-15 with 23 shares. $13.20 in dividends would have been earned since 2020-10-15 with 11 shares. $4.80 in dividends would have been earned since 2020-10-15 with 4 shares. $2.40 in dividends would have been earned since 2020-10-15 with 23 shares.
Net (gain / loss)* -240.12 USD -120.06 USD -57.42 USD -20.88 USD -10.44 USD
ROI** -24.13% -24.13% -24.13% -24.13% -24.13%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by SBRA. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
SBRA 2021-08-16 0.300 --- 2021-08-04 2021-08-17 2021-08-31
SBRA 2021-05-14 0.300 --- 2021-05-05 2021-05-17 2021-05-28
SBRA 2021-02-11 0.300 --- 2021-02-02 2021-02-12 2021-02-26
SBRA 2020-11-13 0.300 --- 2020-11-05 2020-11-16 2020-11-30
SBRA 2020-08-14 0.300 --- 2020-08-05 2020-08-17 2020-08-31
SBRA 2020-05-15 0.300 -33.33% 2020-05-06 2020-05-18 2020-05-29
SBRA 2020-02-13 0.450 --- 2020-02-04 2020-02-14 2020-02-28
SBRA 2019-11-14 0.450 --- 2019-10-30 2019-11-15 2019-11-29
SBRA 2019-08-19 0.450 --- 2019-08-07 2019-08-20 2019-08-30
SBRA 2019-05-17 0.450 --- 2019-05-08 2019-05-20 2019-05-31
SBRA 2019-02-14 0.450 --- 2019-02-05 2019-02-15 2019-02-28
SBRA 2018-11-14 0.450 --- 2018-11-05 2018-11-15 2018-11-30
SBRA 2018-08-17 0.450 --- 2018-08-08 2018-08-18 2018-08-31
SBRA 2018-05-18 0.450 --- 2018-05-09 2018-05-21 2018-05-31
SBRA 2018-02-14 0.450 -13.48% 2018-02-05 2018-02-15 2018-02-28
SBRA 2017-11-14 0.520 44.55% 2017-11-01 2017-11-15 2017-11-30
SBRA 2017-08-14 0.360 -16.33% 2017-08-02 2017-08-16 2017-08-18
SBRA 2017-05-16 0.430 2.38% 2017-05-08 2017-05-18 2017-05-31
SBRA 2017-02-13 0.420 --- 2017-02-03 2017-02-15 2017-02-28
SBRA 2016-11-11 0.420 --- 2016-11-02 2016-11-15 2016-11-30

Financial Statements Overview


Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Current Cash 69,347,000 24,878,000 59,076,000 35,034,000
Receivables 0 0 160,646,000 0
Inventory 0 0 0 0
Current Assets 354,490,000 314,584,000 322,561,000 298,787,000
Current Assets (Other) 179,915,000 188,481,000 0 159,933,000
Short Term Investments 179,915,000 188,481,000 0 159,933,000
Long-term Investments 5,467,651,000 5,649,254,000 5,663,042,000 5,692,831,000
Property, Plant & Equipment Net 5,269,447,000 5,279,443,000 5,285,038,000 5,306,272,000
Goodwill 0 0 0 0
Intangible Assets 79,654,000 81,451,000 82,796,000 85,943,000
Other Assets 0 0 0 0
Net Tangible Assets 3,303,409,000 3,421,953,000 3,326,432,000 3,278,397,000
Total Assets 5,822,141,000 5,963,838,000 5,985,603,000 5,991,618,000
Accounts Payable 0 0 0 0
Liabilities (Other) 53,348,000 55,351,000 57,725,000 60,552,000
Current Liabilities (Other) 119,419,000 123,505,000 146,276,000 143,742,000
Total Current Liabilities 119,419,000 123,505,000 146,276,000 143,742,000
Current Long-term Debt 0 0 0 0
Long-term Debt 2,266,311,000 2,281,578,000 2,372,374,000 2,422,984,000
Total Liabilities 2,439,078,000 2,460,434,000 2,576,375,000 2,627,278,000
Minority Interest 0 0 0 0
Common Stock 216,264,207 211,450,699 208,113,330 4,103,338,000
Retained Earnings -944,504,000 -746,516,000 -716,195,000 -689,828,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 3,383,063,000 3,503,404,000 3,409,228,000 3,364,340,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Total Revenue 152,932,000 152,365,000 152,054,000 143,252,000
Cost of Revenue 0 0 0 0
Gross Profit 152,932,000 152,365,000 152,054,000 143,252,000
Research and Development 0 0 0 0
Selling General and Admin 8,811,000 8,938,000 8,105,000 7,216,000
Operating Expense 256,992,000 94,428,000 90,070,000 81,563,000
Operating Income -104,060,000 57,937,000 61,984,000 61,689,000
Income Expense Net (Other) 109,000 0 0 0
EBIT -103,951,000 57,937,000 61,984,000 61,689,000
Interest Income 24,270,000 24,443,000 24,524,000 24,904,000
Pretax Income -132,051,000 34,147,000 36,490,000 36,322,000
Income Tax 522,000 700,000 -627,000 -138,000
Minority Interest 0 0 0 0
Net Income -132,573,000 33,447,000 37,117,000 36,460,000
Net Income Basic -132,573,000 33,447,000 37,117,000 36,460,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Net Income -132,573,000 33,447,000 37,117,000 36,460,000
Depreciation 44,491,000 44,375,000 176,737,000 132,579,000
Changes in Receivables 0 0 160,646,000 0
Changes in Inventories 0 0 0 0
Cash Change 69,347,000 24,878,000 59,076,000 6,784,000
Cash Flow 83,735,000 68,531,000 89,397,000 265,455,000
Capital Expenditures -33,453,000 -28,654,000 -47,354,000 -32,416,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -41,852,000 -35,356,000 -5,933,000 -130,518,000
Dividends Paid 0 0 0 0
Net Borrowings 1,911,821,000 1,966,994,000 2,210,459,000 2,124,197,000
Cash Flow Financing 2,471,000 -69,276,000 -60,108,000 -142,001,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

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
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
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
9 Dividend to Normalized AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Normalized AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
7 Normalized AFFO Trend: Analysis of the REIT’s Normalized AFFO trend during the last two years. 7.8
8 Normalized AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
9 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.7
6 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.2
Rating Leverage Section Avg. Rating
8 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.4
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.9
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
2 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 4.9
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.7
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.3
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.0
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
2 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.6
6.9 Overall REITRating™ Score (See trend) 6.2

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.

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
Duke Realty Corporation (DRE) 9.0 NYSE Large-Cap Industrial United States
Ventas, Inc. (VTR) 6.1 NYSE Large-Cap Health Care United States
Universal Health Realty Income Trust (UHT) 8.2 NYSE Small-Cap Health Care United States
Summit Hotel Properties, Inc. (INN) 5.5 NYSE Small-Cap Hotel Resorts United States
Healthcare Trust of America, Inc. (HTA) 8.3 NYSE Mid-Cap Health Care United States
Welltower, Inc. (WELL) 6.7 NYSE Large-Cap Health Care United States

Last updated: 2021-10-15 - v1.9