National Health Investors, Inc. (NHI) vs Sabra Healthcare REIT, Inc. (SBRA)

National Health Investors, Inc. and Sabra Healthcare REIT, Inc. are both Reit Healthcare Facilities companies. Sabra Healthcare REIT, Inc. is the larger, with a market value of $5.1B against $3.3B — 1.5× the size. National Health Investors, Inc. trades at the lower P/E: 19.3× against 76.3×. National Health Investors, Inc. grew revenue faster over the last twelve months: 23.9% against 17.3%. National Health Investors, Inc. has the higher net margin (38.5% vs 7.61%) and the higher return on invested capital (4.39% vs 1.91%). Both pay a dividend; Sabra Healthcare REIT, Inc. yields more (8.95% vs 6.82%). Across the 22 metrics below, National Health Investors, Inc. leads on 14 and Sabra Healthcare REIT, Inc. on 8.

Valuation

Metric NHI SBRA Reit Healthcare Facilities median
P/E 19.29 76.35 23.53
P/S 7.50 5.83 5.39
P/B 2.05 1.82 1.88
Price to free cash flow n/m n/m 17.82
EV/EBITDA 15.22 20.20 15.62
EV/Sales 10.38 8.60 8.52
Earnings yield 5.19% 1.31% 2.66%
Free cash flow yield (1.78%) (5.54%) 3.37%

Profitability

Metric NHI SBRA Reit Healthcare Facilities median
Gross margin 76.49% 100.00% 92.10%
Operating margin 45.90% 18.24% 21.06%
Net margin 38.54% 7.61% 10.19%
Free cash flow margin (13.33%) (32.25%) 7.91%
Return on equity 10.86% 2.40% 4.06%
Return on assets 5.88% 1.21% 2.10%
Return on invested capital 4.39% 1.91% 1.96%

Growth

Metric NHI SBRA Reit Healthcare Facilities median
Revenue growth (TTM) 23.94% 17.26% 15.71%
EPS growth (last fiscal year) (3.51%) 18.52% —
Revenue growth, 5-year CAGR 2.45% 5.29% 9.60%
Net income growth, 5-year CAGR (5.17%) 2.37% 0.00%

Health

Metric NHI SBRA Reit Healthcare Facilities median
Debt to equity 0.81 0.95 0.84
Current ratio 6.78 3.07 3.05
Net debt to EBITDA 4.06 5.53 5.50

Dividend

Metric NHI SBRA Reit Healthcare Facilities median
Dividend yield 6.82% 8.95% 7.11%
Payout ratio 1.42 6.32 2.85

Size

Metric NHI SBRA Reit Healthcare Facilities median
Market cap 3.30b 5.05b 4.18b

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