Equity Profile

SBRA

Sabra Health Care REIT, Inc.

Real EstateHealth Care REITs$4.7B

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 acquiring and managing healthcare-related properties....

Key Metrics to Watch

EPS

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

N/A

Occupancy Rates

Higher occupancy rates in healthcare facilities indicate strong demand and effective management, which can drive revenue growth.

N/A

1 more metrics, 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 acquiring and managing healthcare-related properties. As a player in the healthcare real estate sector, it plays a crucial role in providing facilities for senior living and skilled nursing, which are increasingly important as the population ages.

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, reflecting investor concerns over the earnings miss.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautious as Sabra has missed EPS estimates in the last few quarters. There is uncertainty about whether the company can turn this trend around in the upcoming report.

Bull Case

If Sabra can demonstrate improved occupancy rates and rental income growth, it could signal a recovery and lead to a positive market reaction.

Bear Case

Conversely, if the company continues to miss earnings expectations and shows weak demand for its properties, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the current occupancy rates across Sabra's properties?

Occupancy rates are critical for revenue generation, and any significant changes could impact future earnings.

How has rental income changed compared to previous quarters?

Understanding rental income trends will help assess the company's financial health and ability to pay dividends.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for recovery in occupancy rates as demand for healthcare facilities remains strong.

Supporting Evidence

Recent trends in the healthcare sector indicate increasing demand for senior living facilities.

Options pricing suggests a significant move, indicating that traders are anticipating a shift in sentiment.

Historical performance shows that Sabra has previously rebounded after earnings misses.

Key Risk

If occupancy rates show a strong recovery, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on occupancy and rental income growth, which are vital for Sabra's financial stability.

Bull Confirmed If

Occupancy rates improving to above 90% would confirm a bullish outlook.

Bear Confirmed If

Occupancy rates dropping below 85% would signal a bearish trend.

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 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 a potential stock increase of around 0.37%, confirming a positive turnaround.

In-Line / Cautious

If results are in line but management expresses caution, the stock may remain flat or see a slight decline.

Miss

A miss could lead to a drop of about 0.71%, reflecting ongoing investor concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and any changes in rental agreements.
2Management's outlook on the healthcare real estate market.
3Details on any new acquisitions or property developments.
4Comments regarding operational efficiencies and cost management.
5Insights into tenant demand and market trends.

See the full picture

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Company Snapshot

Sabra Health Care REIT, Inc. (SBRA) is a real estate investment trust that focuses on acquiring and managing healthcare-related properties....

Key Metrics to Watch

EPS

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

N/A

Occupancy Rates

Higher occupancy rates in healthcare facilities indicate strong demand and effective management, which can drive revenue growth.

N/A

1 more metrics, 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

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautious as Sabra has missed EPS estimates in the last few quarters. There is uncertainty about whether the company can turn this trend around in the upcoming report.

Bull Case

If Sabra can demonstrate improved occupancy rates and rental income growth, it could signal a recovery and lead to a positive market reaction.

Bear Case

Conversely, if the company continues to miss earnings expectations and shows weak demand for its properties, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the current occupancy rates across Sabra's properties?

Occupancy rates are critical for revenue generation, and any significant changes could impact future earnings.

How has rental income changed compared to previous quarters?

Understanding rental income trends will help assess the company's financial health and ability to pay dividends.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for recovery in occupancy rates as demand for healthcare facilities remains strong.

Supporting Evidence

Recent trends in the healthcare sector indicate increasing demand for senior living facilities.

Options pricing suggests a significant move, indicating that traders are anticipating a shift in sentiment.

Historical performance shows that Sabra has previously rebounded after earnings misses.

Key Risk

If occupancy rates show a strong recovery, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on occupancy and rental income growth, which are vital for Sabra's financial stability.

Bull Confirmed If

Occupancy rates improving to above 90% would confirm a bullish outlook.

Bear Confirmed If

Occupancy rates dropping below 85% would signal a bearish trend.

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 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 a potential stock increase of around 0.37%, confirming a positive turnaround.

In-Line / Cautious

If results are in line but management expresses caution, the stock may remain flat or see a slight decline.

Miss

A miss could lead to a drop of about 0.71%, reflecting ongoing investor concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and any changes in rental agreements.
2Management's outlook on the healthcare real estate market.
3Details on any new acquisitions or property developments.
4Comments regarding operational efficiencies and cost management.
5Insights into tenant demand and market trends.