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Healthcare REIT owning skilled nursing, senior housing and behavioral health facilities leased or RIDEA-operated.
Healthcare REIT owning skilled nursing, senior housing and behavioral health facilities leased or RIDEA-operated.
Earns rent from operators under long triple-net leases, where the operator pays taxes, insurance and upkeep and rent rises by set annual steps, and in senior housing it also shares directly in operators' results under a structure called RIDEA, which brings upside and more volatility. It was spun out of nursing-home operator Sun Healthcare in 2010.
Moat: narrow (switching costs, customer qualification). Long-term leases and operator underwriting relationships make relocating a licensed facility costly.
Headquarters: Irvine, California, United States · Founded: 2010 · Employees: 58
Size Sabra Health Care REIT (SBRA) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $5.51B, the 1117th largest of 3,117 United States companies the cockpit tracks. Shares closed at $21.02 on 6 Nov 2026.
Performance Over six months the shares gained 1.3%, against -4.6% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 21.2% over the last twelve months (peer median +5.8%); the operating margin is 18.1% (peer median 39.7%).
Valuation It trades at 1.94× book value against a peer median of 1.25× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 13.0%; Sabra Health Care REIT delivers 2.5%, so the price asks more than the business earns today.
Credit Sabra Health Care REIT has 2 bonds outstanding ($1.15B), rated BBB- by the agencies and trading like BBB- at a weighted spread of 112 bp.
Short interest Short interest is 6.9% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $907M | $770M | $706M | $656M | $618M |
| Revenue growth | — | +9% | +8% | +6% | — |
| Gross profit | $320M | $312M | $310M | $278M | $268M |
| EBITDA | $390M | $450M | $450M | $418M | $430M |
| Net income | $71.5M | $156M | $127M | $13.8M | -$77.6M |
| Free cash flow | $402M | $355M | $311M | $301M | $316M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $2.46B | $2.56B | $2.44B | $2.45B | $2.55B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Sabra Health Care REIT SBRA | $5.51B | +1% | +21% | 3% | 1.94× | 13.0% |
| Omega Healthcare Investors OHI | $14.6B | +2% | +14% | 14% | 2.66× | 15.3% |
| CareTrust REIT CTRE | $9.03B | -8% | +53% | 9% | 2.01× | 14.7% |
| National Health Investors NHI | $3.50B | -5% | +24% | 11% | 2.23× | 13.0% |
| American Healthcare REIT AHR | $12.7B | +12% | +16% | 4% | 3.05× | 20.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SBRA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.6% | +7.5% | 7th highest of 21 |
| 6-month return | +1.3% | -4.6% | 9th highest of 21 |
| Return on equity | 2.5% | 6.7% | 7th lowest of 21 |
| Price / book | 1.94× | 1.25× | 5th most expensive of 21 |
| Trailing P/E | 75.7× | 21.8× | 3rd most expensive of 19 |
| ROE the price implies | 13.0% | 11.2% | 6th most demanding of 21 |
| ROE delivered | 2.5% | 6.7% | 7th lowest of 20 |
| Bond spread | 112 bp | 108 bp | 6th widest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Sabra Health Care REIT SBRA | United States | $5.51B | +1% | +21% | 3% | 1.94× | 13.0% | 2.5% |
| Gecina GFC.PA | France | $5.47B | -8% | +1% | 2% | 0.48× | 6.9% | 1.6% |
| OUTFRONT Media OUT | United States | $5.42B | -9% | +8% | 36% | 7.82× | 77.8% | 36.2% |
| Covivio COV.PA | France | $5.64B | -16% | +5% | 8% | 0.59× | 8.2% | 7.9% |
| Phillips Edison & PECO | United States | $5.72B | +2% | +7% | 8% | 2.17× | 12.9% | 7.8% |
| Mirvac MGR.AX | Australia | $5.27B | +14% | +6% | 7% | 0.83× | 9.9% | 7.4% |
| Chartwell Retirement Residences CSH-UN.TO | Canada | $5.25B | +3% | +24% | 1% | 3.92× | 22.6% | 0.5% |
| Rithm Capital RITM | United States | $5.15B | -6% | +19% | 6% | 0.74× | 8.7% | 5.6% |
| British Land BLND.L | United Kingdom | $5.94B | +17% | +15% | 8% | 0.73× | 11.6% | 7.8% |
| Kite Realty Group Trust KRG | United States | $5.04B | -4% | -7% | 12% | 1.84× | 14.6% | 11.5% |
| Japan Real Estate Investment 8952.T | Japan | $4.98B | -10% | -1% | 7% | 1.41× | 6.1% | 6.7% |
| LondonMetric Property LMP.L | United Kingdom | $6.16B | +2% | +17% | 7% | 0.93× | 12.6% | 6.7% |
| Mapletree Pan Asia Commercial Trust N2IU.SI | Singapore | $4.89B | -7% | -5% | 3% | 0.68× | 5.0% | 2.8% |
| Essential Properties Realty Trust EPRT | United States | $6.21B | -11% | +21% | 6% | 1.36× | 11.1% | 6.3% |
| Japan Metropolitan Fund Investment 8953.T | Japan | $4.87B | -8% | 0% | 7% | 1.17× | 4.8% | 7.1% |
| Cousins Properties CUZ | United States | $4.87B | +11% | +8% | 0% | 1.10× | 11.4% | 0.3% |
| Rayonier RYN | United States | $6.45B | +6% | -13% | 2% | 1.23× | 10.9% | 2.0% |
| General de Galerias Comerciales GGC.MC | Spain | $4.70B | 0% | +3% | 18% | 3.99× | 13.5% | n/a |
| Keppel DC REIT AJBU.SI | Singapore | $4.67B | -6% | +30% | 11% | 1.26× | 6.8% | 11.4% |
| Healthcare Realty Trust HR | United States | $6.50B | -5% | -6% | -2% | 1.56× | 11.9% | -2.0% |
| Americold Realty Trust COLD | United States | $4.57B | +8% | 0% | -16% | 1.89× | 15.5% | -16.5% |
Sabra Health Care REIT has 2 bonds outstanding with $1.15B face value. The agencies rate it BBB-; its bonds trade like BBB-. Weighted yield 5.71%, a spread of 112 bp over government bonds.