Sabra Health Care REIT Closes $600M in Investments, Reiterates 2026 Guidance
Event summary
- Sabra closed approximately $600 million in investments year-to-date, with another $100 million in the pipeline.
- Same-property managed senior housing Cash NOI increased 13.7% year-over-year for Q2 2026.
- Net Debt to Adjusted EBITDA stood at 4.61x as of June 30, 2026.
- Quarterly dividend declared at $0.30 per share, payable on August 31, 2026.
The big picture
Sabra's strong investment activity and NOI growth reflect its strategic focus on senior housing and skilled nursing facilities. The company's ability to maintain attractive yields and manage debt levels will be critical as it navigates a competitive healthcare real estate market. With $1.3 billion in liquidity, Sabra is well-positioned to capitalize on future opportunities while maintaining financial flexibility.
What we're watching
- Investment Pipeline
- Whether Sabra can sustain its robust investment pipeline with attractive yields amid market conditions.
- Debt Management
- The pace at which Sabra reduces its Net Debt to Adjusted EBITDA ratio, currently at 4.61x.
- Operational Performance
- How the transition of Avamere properties and other value-add opportunities will impact future cash flows.