Equity Profile

SBRA

Sabra Health Care REIT, Inc.

Real EstateHealth Care REITs$5.0B

Aug3Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Sabra Health Care REIT, Inc. (SBRA) is a real estate investment trust that focuses on acquiring and managing healthcare-related properties....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of profitability and will show how well the company performed compared to expectations.

N/A

Revenue Growth

Revenue growth is critical for assessing the company's ability to expand and generate income from its properties.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

SBRA Q2-2026 Earnings Preview

Context

Company Snapshot

Sabra Health Care REIT, Inc. (SBRA) is a real estate investment trust that focuses on acquiring and managing healthcare-related properties. With a market cap of $5 billion, it plays a crucial role in the healthcare sector by providing capital to operators of skilled nursing facilities and other healthcare properties, which is increasingly important as the demand for healthcare services continues to grow.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+1.53%

Avg Stock Reaction

+0.54%

Last Quarter Recap

In Q1 2026, Sabra reported an EPS of $0.37, slightly missing the estimate of $0.38. Following the report, the stock experienced a minor decline of 0.78% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Sabra's upcoming earnings are mixed, with no analyst estimates available to guide predictions. Investors will be keenly watching for any signs of improvement in profitability and revenue.

Bull Case

If Sabra can demonstrate stronger than expected occupancy rates and revenue growth, it could signal a robust recovery in the healthcare real estate sector, leading to positive investor sentiment.

Bear Case

Conversely, if the company reports another earnings miss or shows declining occupancy rates, it could raise concerns about its operational efficiency and long-term growth prospects.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the occupancy rates be for the healthcare facilities?

Occupancy rates are crucial for revenue generation, and any significant changes could impact the company's financial outlook.

How does Sabra plan to address any operational challenges faced in the last quarter?

Management's strategies for overcoming operational hurdles will be key to investor confidence and future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for recovery in occupancy rates as the healthcare sector stabilizes post-pandemic.

Supporting Evidence

Options are pricing in a 12.32% move, significantly higher than the historical average of 1.17%, suggesting heightened uncertainty.

The recent trend of EPS surprises indicates that the company has a 50% chance of beating expectations, which could lead to a positive surprise this quarter.

Key Risk

If occupancy rates exceed 90%, it could challenge the current cautious consensus and lead to a reassessment of the company's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the company's ability to maintain or improve occupancy rates, which directly affects revenue and profitability.

Bull Confirmed If

A significant increase in occupancy rates above 90% would confirm the bull case.

Bear Confirmed If

A decline in occupancy rates below 85% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±12.32%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move of over 12%, indicating that traders expect volatility around the earnings report.

Options are pricing ±12.3% while SBRA has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

19.8%

Calls (800)P/C Ratio: 0.18Puts (100)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sabra beats expectations, history suggests a potential average increase of around 0.37% in stock price, confirming positive market sentiment.

In-Line / Cautious

An in-line report may lead to muted reactions, with management commentary driving the stock's direction based on future outlook.

Miss

If the company misses expectations, history suggests a potential decline of about 0.71%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and how they compare to previous quarters.
2Any new strategies for improving operational efficiency.
3Management's outlook on the healthcare real estate market.
4Details on any recent acquisitions or divestitures.
5Insights into tenant performance and their impact on revenue.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Sabra Health Care REIT, Inc. (SBRA) is a real estate investment trust that focuses on acquiring and managing healthcare-related properties....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of profitability and will show how well the company performed compared to expectations.

N/A

Revenue Growth

Revenue growth is critical for assessing the company's ability to expand and generate income from its properties.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

SBRA Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+1.53%

Avg Stock Reaction

+0.54%

Last Quarter Recap

In Q1 2026, Sabra reported an EPS of $0.37, slightly missing the estimate of $0.38. Following the report, the stock experienced a minor decline of 0.78% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Sabra can demonstrate stronger than expected occupancy rates and revenue growth, it could signal a robust recovery in the healthcare real estate sector, leading to positive investor sentiment.

Bear Case

Conversely, if the company reports another earnings miss or shows declining occupancy rates, it could raise concerns about its operational efficiency and long-term growth prospects.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the occupancy rates be for the healthcare facilities?

Occupancy rates are crucial for revenue generation, and any significant changes could impact the company's financial outlook.

How does Sabra plan to address any operational challenges faced in the last quarter?

Management's strategies for overcoming operational hurdles will be key to investor confidence and future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for recovery in occupancy rates as the healthcare sector stabilizes post-pandemic.

Supporting Evidence

Options are pricing in a 12.32% move, significantly higher than the historical average of 1.17%, suggesting heightened uncertainty.

The recent trend of EPS surprises indicates that the company has a 50% chance of beating expectations, which could lead to a positive surprise this quarter.

Key Risk

If occupancy rates exceed 90%, it could challenge the current cautious consensus and lead to a reassessment of the company's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the company's ability to maintain or improve occupancy rates, which directly affects revenue and profitability.

Bull Confirmed If

A significant increase in occupancy rates above 90% would confirm the bull case.

Bear Confirmed If

A decline in occupancy rates below 85% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±12.32%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move of over 12%, indicating that traders expect volatility around the earnings report.

Options are pricing ±12.3% while SBRA has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

19.8%

Calls (800)P/C Ratio: 0.18Puts (100)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sabra beats expectations, history suggests a potential average increase of around 0.37% in stock price, confirming positive market sentiment.

In-Line / Cautious

An in-line report may lead to muted reactions, with management commentary driving the stock's direction based on future outlook.

Miss

If the company misses expectations, history suggests a potential decline of about 0.71%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and how they compare to previous quarters.
2Any new strategies for improving operational efficiency.
3Management's outlook on the healthcare real estate market.
4Details on any recent acquisitions or divestitures.
5Insights into tenant performance and their impact on revenue.