Skilled Nursing News August 8, 2024
Reimbursement trends among nursing homes remain positive while investment opportunities are rising, said leaders at Sabra Health Care REIT Inc. (Nasdaq: SBRA), who also noted that the company’s occupancy recovery looks promising.
During the second quarter, Sabra reported net income of 10 cents per diluted common share, a slight decrease compared to 9 cents in Q2 2023. Funds from operations (FFO) was 35 cents per diluted common share for Q2, beating Wall Street estimates by a penny, but lower compared to 33 cents in Q2 2023.
Sabra increased its annual earnings guidance to 48 cents to 51 cents for net income, and $1.33 to $1.36 for FFO, and both are attributable to common stockholders, per diluted common share.
The update...
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