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SBRA Stock Price Correlated With Sabra Health Care REIT Financials

SBRA Stock Price vs. Quarterly
SBRA
Income Statement
Cash Flow
Balance Sheet

SBRA Income Statement

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Revenue, Net:
Revenue Per Share:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
Earnings Per Share, Diluted:
Earnings Per Share, Basic:
Shares Outstanding, Basic Avg:
Shares Outstanding, Diluted Avg:
Common Stock Shares Outstanding:

SBRA Cash Flow

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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Net Cash from Operations Per Share:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:

SBRA Balance Sheet

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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Blackrock.
34,468,209 sh
1,139,125 sh
3%
$491,858
$27,251
Vanguard Group
34,133,957 sh
-176,802 sh
-1%
$487,091
$8,799
Principal Financial Group
21,487,279 sh
484,086 sh
2%
$306,624
$13,842
State Street
12,498,600 sh
56,525 sh
0%
$178,355
$4,912
JPMorgan Chase
6,708,062 sh
-6,796,358 sh
-50%
$95,725
-$92,526
Geode Capital Management
5,778,565 sh
218,114 sh
4%
$82,468
$4,947
Janus Henderson Group Plc
5,054,134 sh
760,657 sh
18%
$72,100
$12,270
Bank Of New York Mellon
4,450,549 sh
-475,795 sh
-10%
$63,510
-$5,165
Lsv Asset Management
4,385,615 sh
107,266 sh
3%
$63
$3
Charles Schwab Investment Management
4,190,587 sh
94,304 sh
2%
$59,800
$2,698
Northernrp
3,693,949 sh
345,090 sh
10%
$52,713
$6,031
Deutsche Bank Ag\
3,629,300 sh
3,438,920 sh
1806%
$51,791
$49,137
Dimensional Fund Advisors
3,208,712 sh
-85,305 sh
-3%
$45,790
-$129
Bank Of America /De/
2,788,562 sh
2,183,353 sh
361%
$39,794
$31,358
Citadel Advisors
2,606,100 sh
2,592,000 sh
18383%
$37,189
$36,992
Norges Bank
2,214,763 sh
2,214,763 sh
NEW
$31,605
$31,605
Nuveen Asset Management
2,206,429 sh
275,641 sh
14%
$31,485
$4,570
Duff & Phelps Investment Management Co
2,101,595 sh
778,355 sh
59%
$29,990
$11,544
Systematic Financial Management Lp
2,031,973 sh
138,553 sh
7%
$28,997
$2,603
Morgan Stanley
2,028,854 sh
266,902 sh
15%
$28,950
$4,389
COMPANY PROFILE
BUSINESS Overview

Sabra Health Care REIT, Inc. (“Sabra” or the “Company”) was incorporated on May 10, 2010 as a wholly owned subsidiary of Sun Healthcare Group, Inc. (“Sun”) and commenced operations on November 15, 2010 following Sabra’s separation from Sun. Sabra elected to be treated as a real estate investment trust (“REIT”) with the filing of its United States (“U.S.”) federal income tax return for the taxable year beginning January 1, 2011. Sabra believes that it has been organized and operated, and it intends to continue to operate, in a manner to qualify as a REIT. Sabra’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector. Sabra primarily generates revenues by leasing properties to tenants and operators throughout the U.S. and Canada. Sabra owns substantially all of its assets and properties and conducts its operations through Sabra Health Care Limited Partnership, a Delaware limited partnership (the “Operating Partnership”), of which Sabra is the sole general partner and a wholly owned subsidiary of Sabra is currently the only limited partner, or by subsidiaries of the Operating Partnership. The Company’s investment portfolio is primarily comprised of skilled nursing/transitional care facilities, senior housing communities (“Senior Housing - Leased”) and specialty hospitals and other facilities, in each case leased to third-party operators; senior housing communities operated by third-party property managers pursuant to property management agreements (“Senior Housing - Managed”); investments in loans receivable; and preferred equity investments.

COVID-19

The ongoing COVID-19 pandemic and measures intended to prevent its spread have negatively impacted and are expected to continue to negatively impact the Company and its operations in a number of ways, including but not limited to:

• Decreased occupancy and increased operating costs for the Company’s tenants and borrowers, which have negatively impacted their operating results and may adversely impact their ability to make full and timely rental payments and debt service payments, respectively, to the Company. In some cases, the Company may have to restructure tenants’ long-term rent obligations and may not be able to do so on terms that are as favorable to the Company as those currently in place. Reduced or modified rental and debt service amounts could result in the determination that the full amounts of the Company’s investments are not recoverable, which could result in an impairment charge. To date, the impact of COVID-19 on the Company’s skilled nursing/transitional care facility and assisted living community tenants has been partially mitigated by the assistance they have received or expect to receive from state and federal assistance programs, including through the CARES Act (as defined and further described under “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Skilled Nursing Facility Reimbursement Rates” in Part II, Item 7), although these benefits on an individual tenant basis vary and may not provide enough relief to meet their rental obligations to the Company. From the beginning of the pandemic through December 31, 2021, the Company has agreed to temporary pandemic-related rent deferrals for six tenants of two to nine months of rent totaling $3.4 million, of which $0.3 million has been repaid. In addition, the Company has drawn $11.9 million from a tenant’s letter of credit to fund rent for September through November 2021 and a portion of December 2021 due from its tenant, the Avamere Family of Companies (“Avamere”) (see the related discussion in Note 4, “Investment in Real Estate Properties”). However, the longer the duration of the COVID-19 pandemic, the more likely that the Company’s tenants and borrowers will begin to default on these obligations, particularly if state and federal assistance is reduced or eliminated. S

Free historical financial statements for Sabra Health Care REIT Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 48 quarters since 2012. Compare with SBRA stock chart to see long term trends.

Data imported from Sabra Health Care REIT Inc SEC filings. Check original filings before making any investment decision.