Sabra Q2 Normalized FFO Hits $0.38, Closes $274M in Deals, Reiterates Raised 2026 Guidance
SBRA sits 20% above its 52-week low of $17.165.
Summary
Sabra delivered solid Q2 results with Normalized FFO of $0.38 and AFFO of $0.39, driven by 13.7% same-property managed senior housing NOI growth and strong investment activity. The company closed $274.1 million in Q2 investments at an 8.1% yield, with another $223 million post-quarter, bringing year-to-date acquisitions to $599 million. The Avamere rent reset to $48 million annualized provides a cash rent uplift from $41 million in 2025. Leverage improved to 4.61x, and liquidity remains robust at $1.3 billion. This follows the July 21 business update that raised full-year AFFO guidance to $1.58-$1.60, which is now reiterated. The combination of accretive acquisitions, improving portfolio performance, and a strong balance sheet supports the positive outlook.
At the time of this announcement, SBRA was trading at $20.61 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $17.17 to $22.77. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.