SBRA - Sabra Health Care REIT, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$21.80
DETAILS
HIGH:
$22.00
LOW:
$21.00
MEDIAN:
$22.00
CONSENSUS:
$21.80
UPSIDE:
5.21%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||
| Revenue | 774.6 | 703.2 | 647.5 | 624.8 | 569.5 | 598.6 | 668.2 | 623.4 | 405.6 | 260.5 | 238.9 | 183.5 | 134.8 | 103.2 | 84.2 | 8.8 |
| Cost of Revenue | 271.1 | 227.1 | 195.2 | 162.6 | 141.2 | 131.6 | 109.7 | 49.5 | 17.9 | 5.7 | 2.6 | 3.9 | 0 | 0 | 0 | 0 |
| Gross Profit | 503.5 | 476.1 | 452.3 | 462.2 | 428.3 | 467.0 | 558.5 | 573.9 | 387.8 | 254.8 | 236.3 | 179.6 | 134.8 | 103.2 | 84.2 | 8.8 |
| Operating Expenses | ||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 53.7 | 50.1 | 47.5 | 39.6 | 34.7 | 32.8 | 30.9 | 36.5 | 32.4 | 19.9 | 23.9 | 29.3 | 16.4 | 16.1 | 14.5 | 1.6 |
| Other Expenses | 185.9 | 169.1 | 183.1 | 187.8 | 182.9 | 434.3 | 0 | 4.5 | 3.2 | 10.7 | 2.3 | 1.6 | (0.8) | 2.2 | 26.6 | 6.9 |
| Operating Expenses | 239.7 | 219.1 | 230.6 | 227.4 | 217.6 | 467.0 | 30.9 | 266.9 | 163.4 | 93.9 | 99.8 | 72.7 | 49.7 | 46.4 | 41.1 | 8.5 |
| Operating Income | ||||||||||||||||
| Operating Income | 263.9 | 257.0 | 221.7 | 234.8 | 210.7 | 0 | 527.6 | 307.0 | 224.4 | 160.9 | 136.5 | 110.8 | 85.1 | 56.8 | 43.2 | 0.2 |
| Interest Expense | 112.5 | 115.3 | 113.0 | 105.5 | 98.6 | 100.4 | 126.6 | 147.1 | 88.4 | 64.9 | 59.2 | 47.0 | 40.5 | 37.0 | 30.3 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4 | 0 | 0.0 |
| Profitability | ||||||||||||||||
| EBITDA | 456.8 | 412.6 | 311.8 | 216.9 | 166.2 | 416.3 | 527.1 | 511.7 | 353.9 | 285.4 | 277.9 | 193.6 | 33.3 | 30.3 | 26.6 | 7.2 |
| EBIT | 269.8 | 243.0 | 128.7 | 29.1 | (12.8) | 239.6 | 346.0 | 429.2 | 247.5 | 136.1 | 139.3 | 93.9 | 74.2 | 53.8 | 43.2 | 4.1 |
| Income Before Tax | 157.3 | 127.7 | 15.8 | (76.4) | (111.4) | 139.1 | 72.4 | 282.1 | 159.0 | 70.2 | 79.4 | 46.9 | 33.7 | 19.5 | 12.8 | 0.2 |
| Income Tax Expense | 1.8 | 1.0 | 2.0 | 1.2 | 1.8 | 0.7 | 3.4 | 3.0 | 0.7 | 75.5 | 61.4 | 0 | 0 | 39.2 | 0 | 0.2 |
| Net Income | 155.6 | 126.7 | 13.8 | (77.6) | (113.3) | 138.4 | 69.0 | 279.1 | 158.4 | 70.3 | 79.4 | 47.0 | 33.7 | 19.5 | 12.8 | 7.4 |
| Per Share Data | ||||||||||||||||
| EPS (Basic) | 0.64 | 0.54 | 0.06 | -0.34 | -0.52 | 0.67 | 0.37 | 1.57 | 1.40 | 0.92 | 1.11 | 0.79 | 0.69 | 0.53 | 0.43 | 0.29 |
| EPS (Diluted) | 0.64 | 0.54 | 0.06 | -0.34 | -0.52 | 0.67 | 0.37 | 1.56 | 1.40 | 0.92 | 1.11 | 0.78 | 0.68 | 0.52 | 0.43 | 0.29 |
| Shares Outstanding | 241.3 | 233.5 | 231.2 | 230.9 | 219.1 | 206.2 | 187.2 | 178.3 | 105.6 | 65.3 | 62.2 | 46.4 | 37.5 | 37.1 | 30.1 | 25.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 71.5 | 60.5 | 41.3 | 49.3 | 112.0 | 59.1 | 39.1 | 50.2 | 518.6 | 25.7 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 111.3 | 131.8 | 133.8 | 147.9 | 138.1 | 219.5 | 213.5 | 236.6 | 234.8 | 149.9 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 6.6 | 5.9 | 5.4 | 4.6 | 3.9 | 6.4 | 10.0 | 9.4 | 68.8 | (116.3) |
| Total Current Assets | 189.4 | 198.1 | 180.5 | 201.8 | 254.0 | 285.1 | 262.7 | 296.3 | 822.2 | 184.5 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 9.3 | 5,853.5 | 5,994.4 | 2,009.9 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 65.3 | 27.5 | 30.9 | 40.1 | 54.1 | 0 | 0 | 131.1 | 167.1 | 26.2 |
| Long-Term Investments | 183.5 | 182.9 | 194.7 | 186.0 | 153.7 | 332.7 | 363.8 | 384.4 | 48.5 | 45.2 |
| Other Non-Current Assets | 5,055.1 | 4,895.2 | 4,980.0 | 5,319.7 | 5,504.9 | 5,285.0 | 5,341.4 | 5,853.5 | 5,994.4 | 2,009.9 |
| Total Non-Current Assets | 5,304.0 | 5,105.6 | 5,205.6 | 5,545.8 | 5,712.7 | 5,700.5 | 5,806.6 | 6,369.0 | 6,210.0 | 2,081.4 |
| Total Assets | 5,493.4 | 5,303.7 | 5,386.1 | 5,747.7 | 5,966.7 | 5,985.6 | 6,069.3 | 6,665.3 | 7,032.3 | 2,265.9 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 94.8 | 102.5 | 39.6 |
| Short-Term Debt | 217.6 | 106.6 | 94.4 | 197.0 | 0 | 18.4 | 3.6 | 3.4 | 0 | 4.1 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 119.3 | 117.9 | 137.0 | 142.3 | 143.0 | (18.4) | (3.6) | 1,292.9 | 0 | 644.5 |
| Total Current Liabilities | 336.9 | 224.4 | 231.4 | 339.2 | 143.0 | 0 | 0 | 94.8 | 102.5 | 39.6 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,311.3 | 2,311.1 | 2,319.7 | 2,309.8 | 2,394.5 | 2,354.0 | 2,398.5 | 3,228.6 | 3,394.5 | 1,206.5 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 83.7 | 98.0 | (1,215.6) |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | (2,411.7) | (2,478.3) | (1,292.9) | 0 | (644.5) |
| Total Non-Current Liabilities | 2,332.7 | 2,337.9 | 2,352.2 | 2,352.0 | 2,444.2 | 0 | 0 | 3,315.7 | 3,492.5 | 1,210.7 |
| Total Liabilities | 2,669.6 | 2,562.4 | 2,583.6 | 2,691.3 | 2,587.2 | 2,576.4 | 2,580.8 | 3,410.6 | 3,595.0 | 1,250.3 |
| Stockholders' Equity | ||||||||||
| Common Stock | 2.5 | 2.4 | 2.3 | 2.3 | 2.3 | 2.1 | 2.1 | 1.8 | 1.8 | 0.7 |
| Retained Earnings | (2,013.4) | (1,874.6) | (1,718.3) | (1,451.9) | (1,095.2) | (716.2) | (573.3) | (271.6) | (217.2) | (192.2) |
| Accumulated Other Comprehensive Income | (3.6) | 20.9 | 23.7 | 19.1 | (10.0) | (1.8) | (1.5) | 12.3 | 11.3 | (1.8) |
| Total Stockholders' Equity | 2,821.8 | 2,741.3 | 2,802.5 | 3,056.4 | 3,379.5 | 3,409.2 | 3,488.5 | 3,250.4 | 3,432.8 | 1,015.6 |
| Total Liabilities & Equity | 5,493.4 | 5,303.7 | 5,386.1 | 5,747.7 | 5,966.7 | 5,985.6 | 6,069.3 | 6,665.3 | 7,032.3 | 2,265.9 |
| Debt Metrics | ||||||||||
| Total Debt | 2,550.3 | 2,444.5 | 2,446.6 | 2,549.0 | 2,444.2 | 2,430.1 | 2,481.8 | 3,232.0 | 3,394.5 | 1,210.7 |
| Net Debt | 2,478.7 | 2,384.0 | 2,405.3 | 2,499.7 | 2,332.2 | 2,364.6 | 2,432.7 | 3,181.8 | 2,875.9 | 1,185.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 155.5 | 126.7 | 13.8 | (77.6) | (113.3) | 138.4 | 69.0 | 279.1 | 158.4 | 70.2 |
| Depreciation & Amortization | 187.0 | 169.6 | 183.1 | 187.8 | 179.0 | 176.7 | 181.5 | 199.1 | 113.0 | 68.5 |
| Stock-Based Compensation | 11.4 | 9.0 | 7.9 | 7.5 | 7.9 | 7.9 | 9.8 | 7.6 | 8.4 | 7.5 |
| Change in Working Capital | (9.9) | (22.5) | (2.7) | (19.7) | 22.7 | (2.7) | (23.5) | (18.5) | (90.3) | 6.3 |
| Other Non-Cash Items | 4.6 | 27.8 | 98.5 | 217.8 | 32.2 | 1.6 | (22.2) | (36.3) | (22.9) | (17.8) |
| Operating Cash Flow | 348.6 | 310.5 | 300.6 | 315.7 | 356.4 | 354.9 | 372.5 | 358.5 | 133.5 | 176.7 |
| Investing Activities | ||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | (33.6) | (105.6) | 0 | 93.4 | (334.1) | 0 |
| Acquisitions | 0 | 0 | (5.2) | (142.9) | (7.8) | (16.6) | 0 | (354.5) | 77.9 | (7.3) |
| Purchases of Investments | 0 | 0 | (11.0) | (8.0) | (9.1) | (20.1) | (89.7) | (5.3) | (2.7) | (7.3) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 5.4 | 1.3 | 3.4 | 5.1 | 6.9 | 3.8 | 314.0 |
| Other Investing Activities | (378.0) | (109.0) | 119.4 | (70.7) | (287.1) | 2.4 | 347.4 | 1.1 | 15.2 | 157.1 |
| Investing Cash Flow | (378.0) | (109.0) | 103.1 | (216.2) | (336.2) | (136.5) | 262.8 | (258.5) | (240.1) | 142.4 |
| Financing Activities | ||||||||||
| Net Debt Issuance | 107.7 | 12.6 | (94.1) | 122.8 | 23.9 | (3.1) | (849.3) | (157.3) | 429.9 | (174.4) |
| Stock Repurchased | 0 | 0 | (2.7) | (4.8) | 0 | 0 | 0 | (143.8) | 0 | 0 |
| Dividends Paid | (289.5) | (280.1) | (277.4) | (277.2) | (262.9) | (278.3) | (335.4) | (325.2) | (182.1) | (119.3) |
| Other Financing Activities | (5.2) | (0.1) | (36.0) | (2.5) | (39.5) | (0.8) | (10.8) | (2.5) | (15.7) | (5.9) |
| Financing Cash Flow | 40.8 | (181.6) | (410.3) | (161.7) | 30.1 | (202.1) | (646.2) | (629.3) | 598.8 | (300.9) |
| Cash Position | ||||||||||
| Net Change in Cash | 11.8 | 19.6 | (7.2) | (62.0) | 50.4 | 16.4 | (10.5) | (527.8) | 493.0 | 18.2 |
| Cash at Beginning | 66.3 | 46.7 | 53.9 | 115.9 | 65.5 | 49.1 | 59.7 | 587.4 | 25.7 | 7.4 |
| Cash at End | 78.1 | 66.3 | 46.7 | 53.9 | 115.9 | 65.5 | 49.1 | 59.7 | 518.6 | 25.7 |
| Free Cash Flow | 348.6 | 310.5 | 300.6 | 315.7 | 322.8 | 249.3 | 372.5 | 451.9 | (200.6) | 176.7 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||
| Revenue | 774.6 | 703.2 | 647.5 | 624.8 | 569.5 | 598.6 | 668.2 | 623.4 | 405.6 | 260.5 | 238.9 | 183.5 | 134.8 | 103.2 | 84.2 | 8.8 |
| Gross Profit | 503.5 | 476.1 | 452.3 | 462.2 | 428.3 | 467.0 | 558.5 | 573.9 | 387.8 | 254.8 | 236.3 | 179.6 | 134.8 | 103.2 | 84.2 | 8.8 |
| Operating Income | 263.9 | 257.0 | 221.7 | 234.8 | 210.7 | 0 | 527.6 | 307.0 | 224.4 | 160.9 | 136.5 | 110.8 | 85.1 | 56.8 | 43.2 | 0.2 |
| Net Income | 155.6 | 126.7 | 13.8 | (77.6) | (113.3) | 138.4 | 69.0 | 279.1 | 158.4 | 70.3 | 79.4 | 47.0 | 33.7 | 19.5 | 12.8 | 7.4 |
| EPS (Diluted) | 0.64 | 0.54 | 0.06 | -0.34 | -0.52 | 0.67 | 0.37 | 1.56 | 1.40 | 0.92 | 1.11 | 0.78 | 0.68 | 0.52 | 0.43 | 0.29 |
| Balance Sheet | ||||||||||||||||
| Cash & Equivalents | 71.5 | 60.5 | 41.3 | 49.3 | 112.0 | 59.1 | 39.1 | 50.2 | 518.6 | 25.7 | ||||||
| Total Assets | 5,493.4 | 5,303.7 | 5,386.1 | 5,747.7 | 5,966.7 | 5,985.6 | 6,069.3 | 6,665.3 | 7,032.3 | 2,265.9 | ||||||
| Total Debt | 2,550.3 | 2,444.5 | 2,446.6 | 2,549.0 | 2,444.2 | 2,430.1 | 2,481.8 | 3,232.0 | 3,394.5 | 1,210.7 | ||||||
| Stockholders' Equity | 2,821.8 | 2,741.3 | 2,802.5 | 3,056.4 | 3,379.5 | 3,409.2 | 3,488.5 | 3,250.4 | 3,432.8 | 1,015.6 | ||||||
| Cash Flow | ||||||||||||||||
| Operating Cash Flow | 348.6 | 310.5 | 300.6 | 315.7 | 356.4 | 354.9 | 372.5 | 358.5 | 133.5 | 176.7 | ||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | (33.6) | (105.6) | 0 | 93.4 | (334.1) | 0 | ||||||
| Free Cash Flow | 348.6 | 310.5 | 300.6 | 315.7 | 322.8 | 249.3 | 372.5 | 451.9 | (200.6) | 176.7 | ||||||