Sabra Health Care REIT Reports Q3 2026 Earnings Growth and Raises Full-Year Guidance
Sabra Health Care REIT, Inc. (SBRA) reported strong third-quarter 2026 financial results, highlighted by an 8% year-over-year increase in normalized FFO to $0.39 per diluted share and normalized AFFO to $0.41 per diluted share. The company's Senior Housing Operating Portfolio (SHOP) showed significant momentum, with same-store SHOP Cash NOI growing 14.6% due to higher occupancy rates and robust rate growth. Driven by these operational successes, management raised its full-year 2026 guidance for normalized FFO and AFFO midpoints. The company also demonstrated disciplined capital management, reducing its net debt to adjusted EBITDA to 4.54x and maintaining strong liquidity of approximately $1.2 billion. Strategic investments remain a priority, with $747.2 million in closed acquisitions year-to-date yielding an estimated 8.0%.
Tickers: $SBRA
Topics: AFFO FFO Occupancy Rates Revenue Growth Senior Housing Operating Portfolio