McKnight's May 6, 2022
Sabra Health Care REIT is actively reducing its dependency on skilled nursing facilities by broadening its asset holdings to include more senior housing and behavioral health facilities.
Executives for the California-based real estate investment trust detailed its strategy for the year during a first-quarter earnings call Thursday. The company plans to diversify its portfolio in 2022 in an effort to reduce its SNF exposure, Sabra CEO Rick Matros explained.
“It’s pretty simple. When we’re viewed as a more diversified REIT, we trade at a better multiple. It isn’t as if we’re going to have no nursing homes. If we get down to 50%, that’s still half the portfolio,” he said. “We want to be more diversified.”
He...
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