Equity Profile

SBRA

Sabra Health Care REIT, Inc.

Real EstateHealth Care REITs$5.1B

Aug3Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Sabra Health Care REIT, Inc. is a real estate investment trust focused on healthcare properties, including skilled nursing and assisted living facilities....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its investments.

$0.17

Revenue

Total revenue reflects the company's ability to generate income from its properties, which is vital for its growth and dividend payments.

$219M

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. is a real estate investment trust focused on healthcare properties, including skilled nursing and assisted living facilities. With a market cap of $5 billion, it plays a crucial role in the healthcare real estate sector, which is influenced by demographic trends and the growing demand for senior care services.

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 expectations. The stock reacted negatively, dropping 0.78% the following day.

Management Promises & Guidance

Focus on improving occupancy rates in their facilities.
Commitment to maintaining dividend payouts.
Plans to explore new acquisition opportunities in the healthcare sector.

Expectations

Wall Street Expectations

Analysts expect Sabra to report steady earnings and revenue, with a consensus EPS of $0.17 and revenue of $219 million. Investors are looking for signs of recovery in occupancy rates and overall financial health.

Bull Case

If Sabra can exceed EPS expectations and show strong revenue growth, it may indicate effective management and a rebound in the healthcare real estate market.

Bear Case

Conversely, if the company misses on earnings or provides weak guidance, it could raise concerns about its ability to navigate market challenges and maintain profitability.

Key Metrics to Watch

EPS

$0.17

Earnings per share is a key indicator of profitability and will show how well the company is managing its investments.

Revenue

$219M

Total revenue reflects the company's ability to generate income from its properties, which is vital for its growth and dividend payments.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will occupancy rates improve compared to last quarter?

Improving occupancy is crucial for revenue growth and indicates the company's ability to attract residents in a competitive market.

What is the outlook for future acquisitions?

Any guidance on acquisitions could signal management's confidence in growth opportunities and their strategy for expanding the portfolio.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for Sabra to improve occupancy rates faster than anticipated, driven by demographic trends favoring senior care.

Supporting Evidence

Historical data shows that Sabra has successfully increased occupancy in previous quarters following strategic initiatives.

The healthcare real estate market is experiencing increased demand, which could benefit Sabra's properties.

Options pricing suggests a larger potential move, indicating that the market may be bracing for significant news.

Key Risk

If occupancy rates show a marked improvement, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Sabra can stabilize its earnings amidst fluctuating occupancy rates and market pressures.

Bull Confirmed If

An EPS of $0.18 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $0.16 would raise concerns about profitability and market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±12.32%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move, suggesting that investors 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 the stock could rise by about 0.37%, confirming a positive outlook for the company.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss on earnings could lead to a decline of about 0.71%, reflecting investor disappointment and concerns over future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and any changes in demand for healthcare facilities.
2Details on recent acquisitions or potential targets in the market.
3Management's outlook on the healthcare real estate sector.
4Any changes to dividend policy or financial guidance.
5Insights into cost management and operational efficiencies.

See the full picture

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Company Snapshot

Sabra Health Care REIT, Inc. is a real estate investment trust focused on healthcare properties, including skilled nursing and assisted living facilities....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its investments.

$0.17

Revenue

Total revenue reflects the company's ability to generate income from its properties, which is vital for its growth and dividend payments.

$219M

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 expectations. The stock reacted negatively, dropping 0.78% the following day.

Management Promises & Guidance

Focus on improving occupancy rates in their facilities.
Commitment to maintaining dividend payouts.
Plans to explore new acquisition opportunities in the healthcare sector.

Expectations

Wall Street Expectations

Bull Case

If Sabra can exceed EPS expectations and show strong revenue growth, it may indicate effective management and a rebound in the healthcare real estate market.

Bear Case

Conversely, if the company misses on earnings or provides weak guidance, it could raise concerns about its ability to navigate market challenges and maintain profitability.

Key Metrics to Watch

EPS

$0.17

Earnings per share is a key indicator of profitability and will show how well the company is managing its investments.

Revenue

$219M

Total revenue reflects the company's ability to generate income from its properties, which is vital for its growth and dividend payments.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will occupancy rates improve compared to last quarter?

Improving occupancy is crucial for revenue growth and indicates the company's ability to attract residents in a competitive market.

What is the outlook for future acquisitions?

Any guidance on acquisitions could signal management's confidence in growth opportunities and their strategy for expanding the portfolio.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for Sabra to improve occupancy rates faster than anticipated, driven by demographic trends favoring senior care.

Supporting Evidence

Historical data shows that Sabra has successfully increased occupancy in previous quarters following strategic initiatives.

The healthcare real estate market is experiencing increased demand, which could benefit Sabra's properties.

Options pricing suggests a larger potential move, indicating that the market may be bracing for significant news.

Key Risk

If occupancy rates show a marked improvement, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Sabra can stabilize its earnings amidst fluctuating occupancy rates and market pressures.

Bull Confirmed If

An EPS of $0.18 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $0.16 would raise concerns about profitability and market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±12.32%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move, suggesting that investors 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 the stock could rise by about 0.37%, confirming a positive outlook for the company.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss on earnings could lead to a decline of about 0.71%, reflecting investor disappointment and concerns over future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and any changes in demand for healthcare facilities.
2Details on recent acquisitions or potential targets in the market.
3Management's outlook on the healthcare real estate sector.
4Any changes to dividend policy or financial guidance.
5Insights into cost management and operational efficiencies.