Sabra Health Care REIT, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022
February 21, 2023 at 04:10 pm EST
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Sabra Health Care REIT, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 400.59 million compared to USD 396.72 million a year ago. Revenue was USD 624.81 million compared to USD 569.55 million a year ago.
Net loss was USD 77.61 million compared to USD 113.26 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 0.52 a year ago. Diluted loss per share from continuing operations was USD 0.34 compared to USD 0.52 a year ago.
Sabra Health Care REIT, Inc. operates as a self-administered, self-managed real estate investment trust (REIT) that, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company's primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector. Its investment portfolio is primarily comprised of skilled nursing/transitional care facilities, senior housing communities (Senior Housing - Leased), behavioral health facilities, and specialty hospitals and other facilities, in each case leased to third-party operators; senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing - Managed); investments in joint ventures; loans receivable, and preferred equity investments. Its real estate properties held for investment include approximately 37,834 beds/units, spread across the United States and Canada.
SABRA HEALTH CARE REIT, INC. 
