Sabra Health Care REIT Reports Strong Q4 2025 Results and Positive 2026 Guidance
SBRA sits 26% above its 52-week low of $15.595 on elevated volume (1.8× avg).
Summary
Sabra Health Care REIT announced robust fourth-quarter 2025 results, including significant growth in managed senior housing NOI, and provided optimistic 2026 guidance projecting approximately 5% year-over-year growth in Normalized FFO and AFFO.
Key Events · Earnings and Guidance · SBRA
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Strong Q4 2025 Financial Performance
Reported Normalized AFFO of $0.38 per diluted common share for Q4 2025, alongside a 12.6% year-over-year increase in same-property managed senior housing Cash NOI.
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Positive 2026 Guidance Issued
Initiated 2026 guidance with Normalized FFO and Normalized AFFO expected to grow approximately 5% year-over-year at the midpoint, signaling continued operational improvement.
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Significant Investment Activity
Acquired four managed senior housing properties for $150.5 million in Q4 2025 and has been awarded an additional $240 million in new investments, primarily in managed senior housing.
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Healthy Balance Sheet and Liquidity
Maintained strong liquidity of approximately $1.2 billion and a Net Debt to Adjusted EBITDA of 5.00x as of December 31, 2025.
Analysis · SBRA · Real Estate & Construction
Sabra Health Care REIT delivered solid fourth-quarter 2025 results, marked by a significant 12.6% year-over-year increase in same-property managed senior housing Cash NOI. The company also provided optimistic 2026 guidance, projecting approximately 5% year-over-year growth in Normalized FFO and AFFO at the midpoint. This positive outlook is supported by continued investment activity, including $150.5 million in Q4 2025 acquisitions and an additional $240 million in awarded investments, primarily in managed senior housing. The company maintains a strong liquidity position of $1.2 billion and a Net Debt to Adjusted EBITDA of 5.00x, indicating a healthy balance sheet to support its growth strategy. The declared quarterly dividend of $0.30 per share further reinforces investor confidence.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 29% of the 1653 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.58%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SBRA was trading at $19.60 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $4.9B. The 52-week trading range was $15.60 to $20.27. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.