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Sabra Healthcare SBRA Triple-net portfolio — Operating Expenses

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$81.87M+45.0%

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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
Expenses:
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

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Sabra Healthcare's triple-net portfolio — operating expenses?
Sabra Healthcare (SBRA) reported triple-net portfolio — operating expenses of $3.77M in Q1 2026.
How has Sabra Healthcare's triple-net portfolio — operating expenses changed year-over-year?
Sabra Healthcare's triple-net portfolio — operating expenses increased by 8.5% year-over-year, from $3.48M to $3.77M.
What is the long-term trend for Sabra Healthcare's triple-net portfolio — operating expenses?
Over 4 years (2021 to 2025), Sabra Healthcare's triple-net portfolio — operating expenses has grown at a -8.0% compound annual growth rate (CAGR), from $20.22M to $14.49M.
What does triple-net portfolio — operating expenses mean?
This metric represents the aggregate operating costs and expenses directly attributable to the company's triple-net lease healthcare real estate portfolio. In a triple-net structure, tenants are typically responsible for most property-level expenses, so these costs generally reflect residual management, administrative, or non-reimbursable expenses borne by the landlord. Monitoring this figure helps investors assess the efficiency of property management and the impact of non-recoverable costs on the profitability of the triple-net segment.

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