NASDAQ$SBRA

Sabra Health Care REIT Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Sabra Health Care REIT's financial performance for Q4 2022 was reported, showing a net loss but positive FFO, Normalized FFO, and AFFO.

Sabra Health Care REIT reported a net loss of $(0.37) per diluted common share for Q4 2022. However, the company's FFO was $0.25, Normalized FFO was $0.37, and AFFO was $0.34. The transition of the 24-property portfolio to Ensign Group and Avamere was completed, and the company made strategic investments and dispositions during the quarter.

  • Net loss per diluted common share was $(0.37).
  • FFO was $0.25 per diluted common share.
  • Normalized FFO was $0.37 per diluted common share.
  • AFFO was $0.34 per diluted common share.

Headline financials

Total Revenue

$165M

Previous: $136M+21.6%
EPS (adj)

$0.37

Previous: $0.39-5.1%
FFO per diluted common share

$0.25

Previous: $0.11+127.3%
Normalized FFO per share

$0.37

Previous: $0.39-5.1%
AFFO per diluted common share

$0.34

Previous: $0.20+70.0%
Normalized AFFO per share

$0.37

Previous: $0.37+0.0%
Net Income

-$84.9M

Previous: -$24.4M-248.8%
Operating Income

$3.49M

Previous: -$10.6M+133.1%
Gross Profit

$121M

Previous: $98.3M+23.3%
Cash & Equivalents

$49.3M

Previous: $112M-56.0%
Total Assets

$5.75B

Previous: $5.97B-3.7%
Stock-Based Comp

$2.09M

Previous: $927K+125.0%

Revenue & EPS history

Sabra Health Care REIT · Revenue · Quarterly

$165M

Q4 2022+21.6%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Sabra Health Care REIT · $165M total across 3 segments · Q4 2022

  • Rental and related revenues
    $103M
  • Resident fees and services
    $52.7M
  • Interest and other income
    $8.97M

Forward guidance

Sabra expects 2023 to be relatively quiet as they focus on continued recovery from the pandemic and building investor confidence in their asset classes, with an eye on getting back to earnings growth in 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-0.5%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-0.4%

Avg return

30 days after

45%

27 / 60 earnings

Positive

+10.4%

Q1 2022

Best reaction

-13.1%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%+0.1%-2.3%
Q3 2025+2.3%+4.2%+11.7%
Q1 2025+1.2%+0.1%-0.2%
Q4 2024-1.0%-0.8%+4.3%
Q3 2024-4.8%-4.1%-4.3%
Q2 2024-0.1%-1.1%+4.7%
Q1 2024-1.7%-1.7%-5.1%
Q4 2023+0.4%+0.4%+6.0%
Q3 2023+0.7%+2.0%+1.6%
Q2 2023+0.8%-0.9%-1.2%
Q1 2023-0.5%+1.7%+1.7%
Q4 2022-4.2%-6.3%-22.0%
Q3 2022-13.1%-3.5%-7.1%
Q2 2022+0.0%+2.9%-4.0%
Q1 2022+10.4%+6.0%+10.4%
Q4 2021-3.9%-0.7%+5.6%
Q3 2021-2.1%-0.1%-11.2%
Q2 2021-3.7%-4.7%-8.7%
Q1 2021-2.2%+0.0%-1.3%
Q4 2020+1.7%-3.6%-0.8%
Q3 2020-4.0%+15.7%+27.6%
Q2 2020+4.4%+7.7%+5.9%
Q1 2020-5.7%-1.6%+35.6%
Q4 2019-3.5%-11.1%-50.1%
Q3 2019+3.3%+0.6%-6.4%
Q2 2019+5.5%+4.5%+8.5%
Q1 2019-1.6%+0.5%-0.5%
Q4 2018-2.7%-9.6%-2.0%
Q3 2018-0.6%-1.4%-12.9%
Q2 2018-0.3%-0.3%+3.4%
Q1 2018+3.3%+2.9%+7.6%
Q4 2017+2.8%+4.8%+0.2%
Q3 2017-1.5%-2.7%-2.7%
Q2 2017+1.6%+0.9%-4.1%
Q1 2017-10.2%-8.8%-14.2%
Q4 2016+0.6%+5.4%+6.7%
Q3 2016-8.9%-7.2%-0.4%
Q2 2016+1.6%+2.4%+6.6%
Q1 2016+4.4%
Q4 2015+8.3%
Q3 2015-2.9%
Q2 2015-4.6%
Q1 2015-6.0%
Q4 2014-0.9%
Q3 2014-0.9%
Q2 2014-2.0%
Q1 2014-2.6%
Q4 2013+0.8%
Q3 2013+4.1%
Q2 2013-7.3%
Q1 2013+2.4%
Q4 2012+0.0%
Q3 2012+2.6%
Q2 2012+3.0%
Q1 2011-4.6%
Q1 2012+2.4%
Q4 2011+5.1%
Q3 2011+7.5%
Q2 2011+3.9%
Q4 2010-6.5%

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