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Sabra Healthcare SBRA Senior Housing - Managed — Operating Expenses

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Triple-net portfolio
$3.77M+8.5%

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Other financials

Income statement

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Revenue$221.8M+20.8%
Net income$40.9M+1.4%
EPS (diluted)$0.16-5.9%

Balance sheet

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Cash & equivalents$116.5M+414%
Total debt$7.3M-9.6%
Total equity$2.8B+3.1%
Total assets$5.6B+6.8%

Cash flow

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Operating cash flow$98.4M+22.5%

Valuation

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Market cap$5.34B+21.0%
Enterprise value$5.23B+20.9%
P/E34.2×+10.0×
P/S6.6×+0.5×

Profitability

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Net margin19.2%-0.3pp

Returns & leverage

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Return on equity5.7%+0.5pp
Debt / equity0.0×

Where this comes from

Reported directly by Sabra Healthcare in its filing.

Tagged under the XBRL concept us-gaap:OperatingCostsAndExpenses.

The source filing: Sabra Healthcare’s 10-Q, filed April 29, 2026.

Filed
Apr 29, 2026, 4:06 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001492298-26-000012
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Depreciation and amortization53,13143,494
Interest28,40927,100
Triple-net portfolio operating expenses3,7733,479
Senior housing - managed portfolio operating expenses81,86956,454
General and administrative14,86212,728
Recovery of loan losses(213)(173)
Impairment of real estate440
Total expenses182,271143,082

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Sabra Healthcare's senior housing - managed — operating expenses?
Sabra Healthcare (SBRA) reported senior housing - managed — operating expenses of $81.87M in Q1 2026.
How has Sabra Healthcare's senior housing - managed — operating expenses changed year-over-year?
Sabra Healthcare's senior housing - managed — operating expenses increased by 45.0% year-over-year, from $56.45M to $81.87M.
What is the long-term trend for Sabra Healthcare's senior housing - managed — operating expenses?
Over 4 years (2021 to 2025), Sabra Healthcare's senior housing - managed — operating expenses has grown at a 20.7% compound annual growth rate (CAGR), from $120.98M to $256.62M.
What does senior housing - managed — operating expenses mean?
The total costs incurred to operate the senior housing managed portfolio, including staffing, utilities, maintenance, and administrative expenses. Monitoring these expenses is critical for evaluating the operational efficiency and profitability margins of the managed segment.

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