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Sabra Health Care Reit Inc
Sabra Health Care REIT, Inc. (Sabra) is a real estate investment trust (REIT) that invests in healthcare-related real estate in the United States and Canada. The company's portfolio includes skilled nursing facilities, senior housing communities, and healthcare campuses.
As of December 31, 2021, Sabra's portfolio consisted of 569 properties, with approximately 40,600 beds/units, and a total of approximately 7.6 million square feet of space.
Now, let's focus on some key financial metrics:
1. Revenue: Sabra's revenue for the year ended December 31, 2021, was $1,221.2 million, representing an increase of 11.9% from the prior year.
2. Net Income: The company's net income for the year ended December 31, 2021, was $65.8 million, compared to a net loss of $93.1 million in the prior year.
3. Adjusted Funds From Operations (AFFO): Sabra's AFFO for the year ended December 31, 2021, was $295.7 million, or $1.93 per share, compared to $289.5 million, or $1.94 per share, in the prior year.
4. Same-Store Cash Net Operating Income (NOI) Growth: Sabra's same-store cash NOI increased by 1.3% in 2021, compared to the prior year.
In terms of growth, Sabra has been actively expanding its portfolio through acquisitions, development, and redevelopment projects. The company has also been focusing on improving its operations and cost structure.
As of December 31, 2021, Sabra's total debt was approximately $3.8 billion, with a debt-to-total enterprise value ratio of approximately 35.2%.
In summary, Sabra Health Care REIT, Inc. is a significant player in the healthcare real estate space, with a diversified portfolio and a track record of stable financial performance. While the company has faced challenges related to the COVID-19 pandemic, it has been able to maintain a strong financial position and continue its growth trajectory. However, potential investors should conduct their own research and consider the risks associated with investing in real estate and healthcare-related sectors.