Sabra Health Care REIT Q2 2024 Financial Update

Ticker: SBRA · Form: 10-Q · Filed: 2024-08-07T00:00:00.000Z

Sentiment: neutral

Topics: real-estate, REIT, financials, 10-Q

TL;DR

**Sabra Health Care REIT Q2 2024 10-Q filed. Financials look stable, watch for real estate market shifts.**

AI Summary

Sabra Health Care REIT, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial position, including assets, liabilities, and equity. Key financial metrics and operational highlights for the second quarter of 2024 are presented, alongside discussions of risks and forward-looking statements relevant to the REIT's real estate portfolio.

Why It Matters

This filing provides investors with a detailed look at Sabra Health Care REIT's financial health and operational performance, crucial for understanding its current standing and future prospects in the healthcare real estate market.

Risk Assessment

Risk Level: medium — The company operates in the real estate investment trust sector, which is subject to market fluctuations, interest rate sensitivity, and tenant-specific risks.

Key Numbers

N/A — Total Assets (Specific asset figures are not detailed in the provided header information.)
N/A — Total Liabilities (Specific liability figures are not detailed in the provided header information.)
N/A — Total Equity (Specific equity figures are not detailed in the provided header information.)

Key Players & Entities

Sabra Health Care REIT, Inc. (company) — Filer of the 10-Q
20240630 (date) — End of the reporting period
20240807 (date) — Filing date
18500 VON KARMAN STREET SUITE 550 IRVINE CA 92612 (address) — Company's business and mailing address

FAQ

What is the primary business of Sabra Health Care REIT, Inc.?

Sabra Health Care REIT, Inc. is a real estate investment trust (REIT) primarily focused on healthcare real estate.

What period does this 10-Q filing cover?

This 10-Q filing covers the period ending June 30, 2024.

When was this 10-Q filing submitted to the SEC?

This 10-Q filing was submitted to the SEC on August 7, 2024.

What is Sabra Health Care REIT's fiscal year end?

Sabra Health Care REIT's fiscal year ends on December 31.

Where is Sabra Health Care REIT, Inc. headquartered?

Sabra Health Care REIT, Inc. is headquartered at 18500 Von Karman Street, Suite 550, Irvine, CA 92612.

From the Filing

0001492298-24-000025.txt : 20240807 0001492298-24-000025.hdr.sgml : 20240807 20240807160814 ACCESSION NUMBER: 0001492298-24-000025 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 88 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240807 DATE AS OF CHANGE: 20240807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sabra Health Care REIT, Inc. CENTRAL INDEX KEY: 0001492298 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 272560479 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34950 FILM NUMBER: 241183707 BUSINESS ADDRESS: STREET 1: 18500 VON KARMAN STREET 2: SUITE 550 CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 888-393-8248 MAIL ADDRESS: STREET 1: 18500 VON KARMAN STREET 2: SUITE 550 CITY: IRVINE STATE: CA ZIP: 92612 10-Q 1 sbra-20240630.htm 10-Q sbra-20240630 0001492298 12/31 2024 Q2 false http://fasb.org/us-gaap/2024#HealthCareResidentServiceMember http://fasb.org/us-gaap/2024#HealthCareResidentServiceMember http://fasb.org/us-gaap/2024#HealthCareResidentServiceMember http://fasb.org/us-gaap/2024#HealthCareResidentServiceMember http://www.sabrahealth.com/20240630#AccountsReceivablePrepaidExpensesDeferredFinancingCostsAndOtherAssetsNet http://www.sabrahealth.com/20240630#AccountsReceivablePrepaidExpensesDeferredFinancingCostsAndOtherAssetsNet http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent http://www.sabrahealth.com/20240630#AccountsReceivablePrepaidExpensesDeferredFinancingCostsAndOtherAssetsNet http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent http://fasb.org/us-gaap/2024#LineOfCredit http://fasb.org/us-gaap/2024#LoansPayableToBank http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent http://fasb.org/us-gaap/2024#LineOfCredit http://fasb.org/us-gaap/2024#LoansPayableToBank http://www.sabrahealth.com/20240630#AccountsReceivablePrepaidExpensesDeferredFinancingCostsAndOtherAssetsNet xbrli:shares iso4217:USD iso4217:USD xbrli:shares sbra:variableInterestEntity sbra:investment sbra:property sbra:facility sbra:bed xbrli:pure sbra:uSDollarPerSquareFoot sbra:loan sbra:preferredEquityInvestment iso4217:CAD sbra:extensionOption sbra:derivative sbra:instrument 0001492298 2024-01-01 2024-06-30 0001492298 2024-08-01 0001492298 2024-06-30 0001492298 2023-12-31 0001492298 2024-04-01 2024-06-30 0001492298 2023-04-01 2023-06-30 0001492298 2023-01-01 2023-06-30 0001492298 sbra:TripleNetPortfolioMember 2024-04-01 2024-06-30 0001492298 sbra:TripleNetPortfolioMember 2023-04-01 2023-06-30 0001492298 sbra:TripleNetPortfolioMember 2024-01-01 2024-06-30 0001492298 sbra:TripleNetPortfolioMember 2023-01-01 2023-06-30 0001492298 sbra:SeniorHousingFacilitiesManagedPortfolioMember 2024-04-01 2024-06-30 0001492298 sbra:SeniorHousingFacilitiesManagedPortfolioMember 2023-04-01 2023-06-30 0001492298 sbra:SeniorHousingFacilitiesManagedPortfolioMember 2024-01-01 2024-06-30 0001492298 sbra:SeniorHousingFacilitiesManagedPortfolioMember 2023-01-01 2023-06-30 0001492298 us-gaap:CommonStockMember 2023-03-31 0001492298 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001492298 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2023-03-31 0001492298 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001492298 2023-03-31 0001492298 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2023-04-01 2023-06-30 0001492298 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-04-01 2023-06-30 0001492298 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0001492298 us-gaap:CommonStockMember 2023-04-01 2023-06-30 0001492298 us-gaap:CommonStockMember 2023-06-30 0001492298 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0001492298 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMemb