Sabra Health Care REIT, Inc. Earnings Recaps
Q3 2025
Nov 6, 2025
Sabra Health Care REIT delivered strong third-quarter results, with cash NOI growth of 15.9% and a strategic increase in its managed senior housing portfolio to 26%.
Key takeaways
- SABRA exceeded its investment target of $400-$500 million, with closed and awarded deals totaling over $550 million in 2025.
- Cash NOI for the managed senior housing portfolio surged 18.6% sequentially, underscoring the effectiveness of recent acquisitions.
- Skilled nursing exposure dropped below 50% for the first time, indicating a shift towards a more balanced portfolio focused on senior housing.
- Same-store cash NOI grew by 13.3% year-over-year, reflecting strong operational performance across core properties.