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Sabra Health Care REIT reported a net income of $0.09 per diluted common share for Q2 2023. The company's portfolio is strengthening due to occupancy gains and easing labor pressures.
Net Income was $0.09 per share.
FFO was $0.32 per share.
Normalized FFO was $0.33 per share.
AFFO was $0.33 per share.
Sabra's portfolio is expected to continue strengthening as occupancy gains and easing labor pressures drive improved rent coverages. Reimbursement trends also remain encouraging, highlighted by Medicaid rate increases.
Visualization of income flow from segment revenue to net income