Saturday 31 October 2026
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Sabra Healthcare REIT, Inc.
SBRA Real Estate Reit Healthcare Facilities
Sabra Healthcare REIT, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $774.6 million, up 10.2% from fiscal 2024. In the quarter to June 2026, revenue grew 24.7%, EPS fell 135.7%, free cash flow fell 666.1% and total debt rose 5.91%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three.
19.74
0.13
+0.66%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Price, $ | |||||||||||||||||
| Price, $ | Low | 14.92 | 18.48 | 15.70 | 15.88 | 5.55 | 12.31 | 11.44 | 10.08 | 12.83 | 15.60 | +0.5% | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | |
| High | 26.40 | 29.10 | 23.83 | 24.95 | 22.55 | 19.02 | 16.60 | 14.82 | 20.03 | 19.97 | (3.1%) | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ||
| People | |||||||||||||||||
| People | Employees | 14 | 61 | 31 | 34 | 38 | 42 | 42 | 48 | 50 | 58 | +17.1% | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | |
| Revenue/emp, $m | 18.61 | 6.69 | 20.11 | 19.46 | 15.75 | 13.56 | 14.88 | 13.49 | 14.06 | 13.36 | (3.6%) | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ||
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | 261 | 408 | 623 | 662 | 599 | 570 | 625 | 648 | 703 | 775 | +12.9% | 927 | 1,023 | 1,188 | +15.3% | |
| Gross margin, % | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 0.0 pt | ||||||
| EBT | 71 | 159 | 288 | 79 | 156 | 81 | 22 | 19 | 128 | 153 | +8.9% | ||||||
| EBT margin, % | 27.35 | 38.95 | 46.13 | 11.97 | 26.02 | 14.16 | 3.47 | 2.88 | 18.22 | 19.81 | (7.5) pt | ||||||
| Net income | 70 | 158 | 279 | 69 | 138 | (113) | (78) | 14 | 127 | 156 | +9.2% | ||||||
| Depreciation | 68 | 114 | 191 | 182 | 177 | 179 | 188 | 183 | 170 | 187 | +11.8% | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | 3.99 | 3.87 | 3.50 | 3.54 | 2.90 | 2.60 | 2.71 | 2.80 | 3.01 | 3.21 | (2.4%) | |||||
| Earnings | 0.92 | 1.40 | 1.51 | 0.37 | 0.67 | (0.52) | (0.34) | 0.06 | 0.54 | 0.64 | (4.0%) | ||||||
| Cash flow | 2.69 | 1.29 | 2.02 | 1.99 | 1.72 | 1.63 | 1.37 | 1.30 | 1.33 | 1.44 | (6.7%) | ||||||
| Capex | (0.87) | (2.62) | 0.52 | 1.35 | (0.60) | (0.19) | (0.26) | 0.36 | (0.41) | (1.68) | +7.6% | ||||||
| Free cash flow | 1.83 | (1.33) | 2.55 | 3.34 | 1.12 | 1.44 | 1.11 | 1.66 | 0.92 | (0.24) | n/m | ||||||
| Book value | 15.56 | 32.54 | 18.25 | 18.64 | 16.53 | 15.43 | 13.23 | 12.12 | 11.74 | 11.70 | (3.1%) | ||||||
| Shares, m | 65 | 106 | 178 | 187 | 206 | 219 | 231 | 231 | 233 | 241 | +15.6% | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | 26.76 | 13.70 | 10.84 | 62.76 | 25.93 | 0.00 | 0.00 | 283.80 | 32.07 | 29.14 | 48.5 | |||||
| P/S | 6.17 | 4.94 | 4.71 | 6.04 | 5.98 | 5.21 | 4.66 | 5.07 | 5.75 | 5.90 | 5.4 | ||||||
| P/B | 1.58 | 0.59 | 0.90 | 1.15 | 1.05 | 0.88 | 0.95 | 1.17 | 1.48 | 1.62 | 1.1 | ||||||
| EV/Sales | 10.68 | 11.81 | 9.80 | 9.59 | 9.84 | 9.21 | 8.59 | 8.72 | 9.09 | 9.06 | 9.6 | ||||||
| EV/FCF | 23.32 | (34.25) | 13.46 | 10.16 | 25.46 | 16.65 | 20.93 | 14.68 | 29.69 | (122.74) | (0.3) | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | 176 | 136 | 361 | 372 | 355 | 356 | 316 | 301 | 311 | 349 | +7.9% | |||||
| Capex | (57) | (277) | 93 | 252 | (124) | (41) | (59) | 84 | (95) | (406) | +24.5% | ||||||
| Free cash flow | 119 | (141) | 454 | 625 | 231 | 315 | 256 | 385 | 215 | (57) | n/m | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | 91 | 599 | 79 | 48 | 22 | 372 | 323 | 330 | 391 | 393 | +17.6% | |||||
| Total debt | 1,211 | 3,394 | 3,232 | 2,402 | 2,372 | 2,394 | 2,507 | 2,414 | 2,418 | 2,529 | +8.5% | ||||||
| Net debt | 1,176 | 2,807 | 3,172 | 2,353 | 2,307 | 2,279 | 2,453 | 2,367 | 2,351 | 2,451 | +8.5% | ||||||
| Shareholders’ equity | 1,016 | 3,437 | 3,255 | 3,488 | 3,409 | 3,380 | 3,056 | 2,803 | 2,741 | 2,824 | +12.0% | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | 2.54 | 3.19 | 3.93 | 1.08 | 2.30 | (1.90) | (1.32) | 0.25 | 2.37 | 2.88 | +0.3 pt | |||||
| ROIC | 3.77 | 1.96 | 2.97 | 2.33 | 2.75 | 2.22 | 1.60 | 2.50 | 2.93 | 3.04 | (0.7) pt | ||||||
| ROE | 5.80 | 6.65 | 8.05 | 2.05 | 4.01 | (3.34) | (2.41) | 0.47 | 4.57 | 5.59 | (0.2) pt | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Sabra Healthcare REIT, Inc. vs peers in Reit Healthcare Facilities (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| OHI Omega Healthcare Investors, Inc. | $14.2B | 16.6× | 19.0× | +16.19% (above 0%: growing) | +163.04% (above 0%: growing) | +710.56% (above 0%: growing) | 100.00% | 57.45% | Compare |
| DOC Healthpeak Properties, Inc. | $13.4B | 54.5× | 40.2× | +11.12% (above 0%: growing) | +60.00% (above 0%: growing) | −30.47% (below 0%: shrinking) | 56.83% | 16.18% | Compare |
| AHR American Healthcare REIT, Inc. | $11.6B | 78.7× | 86.5× | +24.29% (above 0%: growing) | +166.67% (above 0%: growing) | +9.53% (above 0%: growing) | 20.35% | 6.29% | Compare |
| CTRE CareTrust REIT, Inc. | $8.6B | 22.8× | 23.4× | +43.46% (above 0%: growing) | +5.56% (above 0%: growing) | +88.99% (above 0%: growing) | 98.66% | 67.53% | Compare |
| HR Healthcare Realty Trust Incorporated | $6.2B | — (loss-making) | — (loss-making) | −5.26% (below 0%: shrinking) | n/m | −28.80% (below 0%: shrinking) | 64.88% | 13.83% | Compare |
| SBRA Sabra Healthcare REIT, Inc. | $5.0B | 76.0× | 48.8× | +24.70% (above 0%: growing) | n/m | −666.09% (below 0%: shrinking) | 100.00% | (13.59%) | |
| NHI National Health Investors, Inc. | $3.3B | 19.3× | 16.5× | +33.81% (above 0%: growing) | +45.57% (above 0%: growing) | +2,585.45% (above 0%: growing) | 72.18% | 41.09% | Compare |
| LTC LTC Properties, Inc. | $2.4B | 16.3× | 23.6× | +64.11% (above 0%: growing) | +72.73% (above 0%: growing) | −213.92% (below 0%: shrinking) | 100.00% | 31.24% | Compare |
| DHC Diversified Healthcare Trust | $1.9B | — (loss-making) | 8.4× | −4.53% (below 0%: shrinking) | n/m | −93.96% (below 0%: shrinking) | 23.11% | (0.14%) | Compare |
| Median of peers | $7.4B | 21.1× | 23.4× | +20.24% | +66.37% | −9.63% | 68.53% | 23.71% |
Pay and ownership Proxy statement filed 24 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 8.55m | 12.70m | — |
| 2024 | 8.48m | 14.34m | — |
| 2023 | 8.22m | 12.21m | — |
| 2022 | 6.65m | 7.29m | — |
| 2021 | 6.09m | 1.13m | — |
Ownership
Directors and executive officers, together
1.09%
BlackRock, Inc.
13.67%
The Vanguard Group, Inc.
13.54%
Principal Real Estate Investors LLC
8.46%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement