SBRA Sabra Healthcare REIT (SBRA) Q2 FY26 earnings call
Sabra Healthcare REIT delivered a strong Q2 FY26, marked by robust growth in its managed senior housing portfolio and strategic investment activity. The company significantly improved its leverage profile and reaffirmed its full-year earnings guidance, driven by operational improvements and a healthy acquisition pipeline. Management continues to focus on growing its SHOP exposure and selectively pursuing value-add opportunities with existing partners.
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SBRA operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Occupancy rate Same-store managed senior housing | 88.4%First quarter occupancy in our same-store portfolio was up 280 basis points to 88.4% year-over-year.Source: earnings call transcript | 88.2%Second quarter occupancy in our same-store portfolio was up 170 basis points to 88.2% year-over-year.Source: earnings call transcript | -0.2 pt |
| Occupancy rate Domestic same-store managed senior housing | 85.6%Notably, our domestic portfolio occupancy increased 280 basis points to 85.6% during that period, while our Canadian portfolio grew 270 basis points to 93.4% in the same period, marking the eighth consecutive quarter where occupancy was over 90%.Source: earnings call transcript | 85.7%Notably, our domestic portfolio occupancy increased 170 basis points to 85.7% during that period, while our Canadian portfolio grew 160 basis points to 93.2% in the same period, marking the ninth consecutive quarter where occupancy was over 90%.Source: earnings call transcript | +0.1 pt |
| Occupancy rate Canada same-store managed senior housing | 93.4%Notably, our domestic portfolio occupancy increased 280 basis points to 85.6% during that period, while our Canadian portfolio grew 270 basis points to 93.4% in the same period, marking the eighth consecutive quarter where occupancy was over 90%.Source: earnings call transcript | 93.2%Notably, our domestic portfolio occupancy increased 170 basis points to 85.7% during that period, while our Canadian portfolio grew 160 basis points to 93.2% in the same period, marking the ninth consecutive quarter where occupancy was over 90%.Source: earnings call transcript | -0.2 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.