(SBRA) Sabra Healthcare REIT - Ratings and Ratios

Sabra Healthcare REIT Inc. (NASDAQ: SBRA) is a real estate investment trust focused on the healthcare sector, offering a diversified portfolio of properties and investments. As of September 30, 2024, the company owns 373 real estate properties held for investment, which includes 233 skilled nursing and transitional care facilities. These facilities are critical for patients requiring specialized care and rehabilitation services. Additionally, Sabra holds 39 senior housing communities under lease agreements and 68 senior housing communities managed by third-party operators, providing a mix of operational and leasing strategies. The portfolio also includes 18 behavioral health facilities and 15 specialty hospitals and other healthcare facilities, rounding out its exposure to various segments of the healthcare real estate market.

Geographically, Sabras properties span the United States and Canada, with a total of 37,793 beds and units. This scale provides significant diversification across markets and reduces reliance on any single region. Beyond its real estate holdings, Sabra has 14 investments in loans receivable, including three mortgage loans and 11 other loans, which contribute to its revenue streams. The company also holds five preferred equity investments and two stakes in unconsolidated joint ventures, further diversifying its capital allocation and income sources.

From a financial perspective, Sabra Healthcare REIT Inc. has a market capitalization of $3.97 billion as of the latest data. The stock trades with a trailing P/E ratio of 40.71 and a forward P/E of 8.71, indicating expectations for future earnings growth. The price-to-book (P/B) ratio stands at 1.45, while the price-to-sales (P/S) ratio is 5.81. These metrics provide insight into the companys valuation relative to its financial fundamentals and industry peers.

For investors and fund managers, Sabras diversified portfolio and exposure to various healthcare subsectors make it a notable player in the healthcare REIT space. The combination of owned properties, loans, and equity investments offers a balanced approach to generating returns. However, the high P/E ratio relative to forward earnings suggests that the market is pricing in significant growth expectations, which investors should carefully evaluate against the companys strategic position and industry trends.