Sabra Health Care REIT, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023 at 04:08 pm
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Sabra Health Care REIT, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 94.27 million compared to USD 103.17 million a year ago. Revenue was USD 161.17 million compared to USD 155.96 million a year ago. Net income was USD 21.19 million compared to USD 16.81 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.07 a year ago.
For the six months, sales was USD 190.14 million compared to USD 213.05 million a year ago. Revenue was USD 322.49 million compared to USD 319.06 million a year ago. Net income was USD 11.7 million compared to USD 57.41 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.25 a year ago.
Sabra Health Care REIT, Inc. operates as a self-administered, self-managed real estate investment trust (REIT) that, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company's primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector. Its investment portfolio is primarily comprised of skilled nursing/transitional care facilities, senior housing communities (Senior Housing - Leased), behavioral health facilities, and specialty hospitals and other facilities, in each case leased to third-party operators; senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing - Managed); investments in joint ventures; loans receivable, and preferred equity investments. Its real estate properties held for investment include approximately 37,834 beds/units, spread across the United States and Canada.
SABRA HEALTH CARE REIT, INC. 
