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Dec 31, 2022

Sabra Health Care REIT Q4 2022 Earnings Report

Sabra Health Care REIT's financial performance for Q4 2022 was reported, showing a net loss but positive FFO, Normalized FFO, and AFFO.

Key Takeaways

Sabra Health Care REIT reported a net loss of $(0.37) per diluted common share for Q4 2022. However, the company's FFO was $0.25, Normalized FFO was $0.37, and AFFO was $0.34. The transition of the 24-property portfolio to Ensign Group and Avamere was completed, and the company made strategic investments and dispositions during the quarter.

Net loss per diluted common share was $(0.37).

FFO was $0.25 per diluted common share.

Normalized FFO was $0.37 per diluted common share.

AFFO was $0.34 per diluted common share.

Total Revenue
$165M
Previous year: $136M
+21.6%
EPS
$0.37
Previous year: $0.39
-5.1%
FFO per diluted share
$0.25
Previous year: $0.11
+127.3%
Normalized FFO per diluted share
$0.37
Previous year: $0.39
-5.1%
AFFO per diluted share
$0.34
Previous year: $0.2
+70.0%
Gross Profit
$121M
Previous year: $98.3M
+23.3%
Cash and Equivalents
$49.3M
Previous year: $112M
-56.0%
Total Assets
$5.75B
Previous year: $5.97B
-3.7%

Sabra Health Care REIT

Sabra Health Care REIT

Sabra Health Care REIT Revenue by Segment

Forward Guidance

Sabra expects 2023 to be relatively quiet as they focus on continued recovery from the pandemic and building investor confidence in their asset classes, with an eye on getting back to earnings growth in 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income