Sabra Health Care REIT reiterates 2026 guidance as senior housing NOI rises
SBRA•Outlook
- Sabra reiterates its full-year 2026 guidance issued in July 2026
- Company expects to close about $100 mln in additional investments by year-end
- Company says investment pipeline remains robust, focused on senior housing opportunities
Overview
- US healthcare REIT's Q2 revenue rose yr/yr, driven by higher resident fees and services
- Adjusted FFO per share for Q2 was $0.39
- Company closed $274.1 mln in senior housing and skilled nursing investments during Q2
Result drivers
- Managed senior housing growth - Same property managed senior housing Cash NOI rose 13.7% yr/yr in Q2, reflecting improved segment performance
- New investments - Co closed $274.1 mln in senior housing and skilled nursing investments in Q2 at an average initial cash yield of 8.1%
- Rent reset - Rent reset under Avamere lease increased annualized fixed cash rent to $48 mln, retroactive to Feb. 1, 2026
Key details and analyst coverage
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