Sabra Health Care REIT Q1 2024 Earnings Report
Key Takeaways
Sabra Health Care REIT reported first quarter 2024 results, with net income of $0.11 per diluted common share, FFO of $0.32, Normalized FFO of $0.34, AFFO of $0.35, and Normalized AFFO of $0.35. The company reiterated its 2024 earnings guidance. Sabra's portfolio continues to grow stronger, with improvements in coverage, occupancy, and NOI.
Net Income: $0.11 per diluted common share
FFO: $0.32 per share
Normalized FFO: $0.34 per share
AFFO: $0.35 per share
Sabra Health Care REIT
Sabra Health Care REIT
Sabra Health Care REIT Revenue by Segment
Forward Guidance
Sabra is reiterating 2024 earnings guidance ranges as follows (attributable to common stockholders, per diluted common share): •Net Income: $0.53 - $0.57 •FFO: $1.33 - $1.37 •Normalized FFO: $1.34 - $1.38 •AFFO: $1.38 - $1.42 •Normalized AFFO: $1.39 - $1.43 Earnings guidance above assumes no 2024 acquisition or disposition activity.
Revenue & Expenses
Visualization of income flow from segment revenue to net income