Equity Profile

SBRA

Sabra Health Care REIT, Inc.

Real EstateHealth Care REITs$5.4B

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 healthcare properties, including skilled nursing facilities and senior housing....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its expenses relative to its income.

0.17

Revenue

Total revenue reflects the company's ability to generate income from its properties, which is vital for a REIT's performance.

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. (SBRA) is a real estate investment trust that focuses on healthcare properties, including skilled nursing facilities and senior housing. With a market cap of $5 billion, it plays a crucial role in the healthcare real estate sector, which is influenced by demographic trends like an aging population and increasing healthcare needs.

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

Management Promises & Guidance

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

Expectations

Wall Street Expectations

Analysts expect a modest performance from Sabra in the upcoming earnings report, with a consensus EPS of $0.17 and revenue of $219 million. The market is cautious due to recent earnings misses.

Bull Case

If Sabra can exceed EPS expectations and show strong revenue growth, it could signal improved operational efficiency and market confidence, leading to a positive stock reaction.

Bear Case

Conversely, if the company misses on EPS or revenue, it may raise concerns about its ability to manage its properties effectively, potentially leading to a further decline in stock price.

Key Metrics to Watch

EPS

0.17

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its expenses relative to its income.

Revenue

219M

Total revenue reflects the company's ability to generate income from its properties, which is vital for a REIT's performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Sabra report an EPS of at least $0.17?

This figure is crucial for assessing the company's profitability and could significantly impact investor sentiment.

What are the occupancy rates in their skilled nursing facilities?

Occupancy rates directly affect revenue and profitability, making this a key metric for evaluating the company's operational health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Sabra to improve its occupancy rates, which could lead to better-than-expected revenue growth.

Supporting Evidence

Recent trends in the healthcare sector show increasing demand for skilled nursing facilities.

Sabra's strategic focus on acquisitions may enhance its portfolio and revenue streams.

Options pricing suggests a significant move, indicating that traders expect more volatility than the current consensus.

Key Risk

If occupancy rates improve significantly, it could lead to a revenue surprise that contradicts the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching Sabra's ability to meet or exceed earnings expectations, especially after recent misses.

Bull Confirmed If

An EPS of $0.18 or higher, indicating stronger-than-expected profitability.

Bear Confirmed If

An EPS below $0.16, which would confirm ongoing challenges in managing costs and revenues.

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 traders anticipate volatility around the earnings announcement.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Real Estate

n=30

Fade rate: 16 of 30 (53%)

This setup has occurred 30 times across Real Estate in the last 2 years. 16 of 30 faded and 14 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 1.8%, with a raw directional average of +1.0% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sabra beats expectations, history suggests a potential average stock move of +0.37%, confirming improved operational performance.

In-Line / Cautious

If the results are in line with expectations, the stock may react neutrally, reflecting ongoing market caution.

Miss

A miss could lead to a decline, with history indicating an average move of +0.71% in the negative direction.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates in skilled nursing facilities.
2Any commentary on acquisition strategies and potential new properties.
3Insights into cost management and operational efficiencies.
4Discussion of dividend sustainability and future payouts.
5Management's outlook on the healthcare market and demand trends.

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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 healthcare properties, including skilled nursing facilities and senior housing....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its expenses relative to its income.

0.17

Revenue

Total revenue reflects the company's ability to generate income from its properties, which is vital for a REIT's performance.

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 the estimate of $0.38. The stock reacted negatively, dropping 0.78% the following day.

Management Promises & Guidance

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

Expectations

Wall Street Expectations

Analysts expect a modest performance from Sabra in the upcoming earnings report, with a consensus EPS of $0.17 and revenue of $219 million. The market is cautious due to recent earnings misses.

Bull Case

If Sabra can exceed EPS expectations and show strong revenue growth, it could signal improved operational efficiency and market confidence, leading to a positive stock reaction.

Bear Case

Conversely, if the company misses on EPS or revenue, it may raise concerns about its ability to manage its properties effectively, potentially leading to a further decline in stock price.

Key Metrics to Watch

EPS

0.17

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its expenses relative to its income.

Revenue

219M

Total revenue reflects the company's ability to generate income from its properties, which is vital for a REIT's performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Sabra report an EPS of at least $0.17?

This figure is crucial for assessing the company's profitability and could significantly impact investor sentiment.

What are the occupancy rates in their skilled nursing facilities?

Occupancy rates directly affect revenue and profitability, making this a key metric for evaluating the company's operational health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Sabra to improve its occupancy rates, which could lead to better-than-expected revenue growth.

Supporting Evidence

Recent trends in the healthcare sector show increasing demand for skilled nursing facilities.

Sabra's strategic focus on acquisitions may enhance its portfolio and revenue streams.

Options pricing suggests a significant move, indicating that traders expect more volatility than the current consensus.

Key Risk

If occupancy rates improve significantly, it could lead to a revenue surprise that contradicts the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching Sabra's ability to meet or exceed earnings expectations, especially after recent misses.

Bull Confirmed If

An EPS of $0.18 or higher, indicating stronger-than-expected profitability.

Bear Confirmed If

An EPS below $0.16, which would confirm ongoing challenges in managing costs and revenues.

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 traders anticipate volatility around the earnings announcement.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Real Estate

n=30

Fade rate: 16 of 30 (53%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sabra beats expectations, history suggests a potential average stock move of +0.37%, confirming improved operational performance.

In-Line / Cautious

If the results are in line with expectations, the stock may react neutrally, reflecting ongoing market caution.

Miss

A miss could lead to a decline, with history indicating an average move of +0.71% in the negative direction.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates in skilled nursing facilities.
2Any commentary on acquisition strategies and potential new properties.
3Insights into cost management and operational efficiencies.
4Discussion of dividend sustainability and future payouts.
5Management's outlook on the healthcare market and demand trends.