Mission Statement, Vision, & Core Values of Sabra Health Care REIT, Inc. (SBRA)

A company's mission and values are not just plaque-worthy words; they are the blueprint for its capital allocation, and for Sabra Health Care REIT, Inc., that blueprint is translating into tangible financial results right now.

You're looking at a healthcare real estate investment trust (REIT) that is focused on generating sustainable, long-term growth for shareholders, which is why the updated 2025 guidance projects a Normalized Adjusted Funds From Operations (AFFO) per share between $1.495 and $1.505. But how does a focus on supporting operators and driving shareholder value actually play out when the company has deployed over $421.9 million in new investments year-to-date through Q3 2025?

Are the foundational principles of a company with approximately $1.1 billion in liquidity as of September 30, 2025, truly what is driving a significant 15.9% year-over-year growth in same store Cash Net Operating Income (NOI)? Let's break down the Mission Statement, Vision, and Core Values of Sabra Health Care REIT, Inc. to see how their stated intent maps onto their operational success.

Sabra Health Care REIT, Inc. (SBRA) Overview

You're looking for a clear, no-nonsense breakdown of Sabra Health Care REIT, Inc. (SBRA), and that's exactly what I'll give you. Sabra is a self-administered real estate investment trust (REIT) that specializes in owning properties across the healthcare continuum, primarily focusing on the needs-based side of the market. It's a play on the aging US and Canadian populations.

Founded in 2010 and headquartered in Tustin, California, Sabra makes its money by owning and leasing healthcare properties to operators. Think of them as the landlord for critical care facilities. Their portfolio is diversified, which is smart risk management. As of September 30, 2025, the company had an impressive enterprise value of $7.1 billion and a total of 363 properties in its investment portfolio.

The core of their business is split across a few key areas, with a heavy emphasis on skilled nursing, which is the most needs-based segment.

• Skilled Nursing/Transitional Care: 217 facilities.
• Senior Housing - Managed: 83 communities.
• Behavioral Health: 16 facilities.

For the twelve months leading up to the end of Q3 2025, Sabra generated annual revenue of approximately $747.06 million. That's a solid, predictable revenue stream built on long-term leases and management agreements. If you want to dive deeper into the nuts and bolts of their business model, you can find more here: Sabra Health Care REIT, Inc. (SBRA): History, Ownership, Mission, How It Works & Makes Money.

Q3 2025 Financial Performance: Growth and Momentum

The third quarter of 2025 (Q3 2025) results, reported on November 5, 2025, show Sabra is defintely executing on its strategy to shift toward higher-growth managed senior housing. This is where the real upside is right now.

Total revenue for Q3 2025 came in at $190.04 million, which is a beat against analyst consensus. For the first nine months of 2025, total revenue reached $562.73 million, a solid increase over the prior year. Net income for the quarter was $22.54 million, translating to net income per diluted common share of $0.09.

The real story is in the operational metrics, especially in the Senior Housing - Managed (SHOP) portfolio. Same-store managed senior housing Cash Net Operating Income (NOI) increased by a sharp 13.3% year-over-year. That's a clear sign of post-pandemic recovery and strong management.

Here's the quick math on occupancy: The overall same-store portfolio occupancy was up 110 basis points, hitting 86% in Q3 2025. They are also actively putting capital to work, closing on $217.5 million in managed senior housing acquisitions during the quarter. That's a strong signal of their commitment to this growth segment.

Sabra's Position as a Healthcare Real Estate Leader

Sabra Health Care REIT, Inc. is not just another REIT; it's a leader strategically positioned to benefit from one of the most powerful demographic trends in the US: the aging population. The company's focus on needs-based properties-skilled nursing, behavioral health-gives it a defensive edge against economic cycles.

The market is recognizing this disciplined approach. Moody's Ratings upgraded Sabra's senior unsecured notes rating to Baa3 in Q3 2025, citing sound operating performance and a diversified portfolio. This investment-grade rating lowers their cost of capital, which is critical for a REIT.

They closed Q3 2025 with robust liquidity of approximately $1.1 billion, ready to fund future growth and weather any near-term volatility. Their Net Debt to Adjusted EBITDA is manageable at 4.96x. This financial strength, coupled with their strategic shift toward higher-growth managed properties, is what makes Sabra a compelling name in the sector.

Sabra Health Care REIT, Inc. (SBRA) Mission Statement

Sabra Health Care REIT, Inc.'s mission is fundamentally about being a strategic capital partner in the evolving healthcare real estate sector, which translates into two clear outcomes for you: securing high-quality care environments for a growing population and delivering sustainable, long-term returns for shareholders. This dual focus on social impact and financial discipline is what makes their strategy resilient.

A mission statement isn't just a plaque on the wall; it's the operating manual for every investment decision, especially for a real estate investment trust (REIT) like Sabra. In this capital-intensive sector, the long-term goals must be clear. Sabra's mission guides their portfolio construction, which as of September 30, 2025, included 363 real estate properties, ensuring they remain focused on needs-based healthcare facilities like skilled nursing and senior housing.

Core Component 1: Focusing on Needs-Based Healthcare Real Estate

Sabra's first core component is a precise focus on needs-based healthcare real estate-properties where demand is driven by demographic necessity, not economic cycles. They aren't chasing every type of medical building; they are concentrating on skilled nursing, senior housing, and behavioral health facilities. As of March 31, 2025, their portfolio concentration shows this clearly: skilled nursing and transitional care facilities make up the largest portion at 51.6% of their investments.

This focus is a realist's approach to the aging US population trend. It means their capital is deployed where it will have the most defintely consistent demand. The company's portfolio included 36,998 beds/units across the United States and Canada as of September 30, 2025. That's a massive footprint dedicated to a non-discretionary service.

• Invest in high-demand, needs-based facilities.
• Mitigate risk through property type diversification.
• Align capital with long-term demographic trends.

Core Component 2: Supporting High-Quality Operators

The second core component acknowledges a simple truth: a REIT's property is only as good as the care provided inside. Sabra's mission commits them to supporting operators who deliver excellent, compassionate care. They are former operators themselves, so they understand what their partners need from a landlord.

This isn't just a feel-good statement; it's a financial imperative. High-quality care leads to better occupancy and stronger tenant financials, which in turn means reliable rent coverage for Sabra. For example, the Skilled Nursing/Transitional Care EBITDARM (Earnings Before Interest, Taxes, Depreciation, Amortization, Rent, and Management Fees) coverage hit a post-pandemic high of 2.35x in Q3 2025, indicating their tenants are financially healthy and able to cover their rent obligations comfortably.

Here's the quick math: when your operator's coverage ratio is strong, your investment risk drops. This commitment to quality is what drives the operational improvements you see, like the managed senior housing portfolio's same-store Cash Net Operating Income (NOI) increasing by 13.3% year-over-year in Q3 2025. You can read more about how these metrics affect your investment in Breaking Down Sabra Health Care REIT, Inc. (SBRA) Financial Health: Key Insights for Investors.

Core Component 3: Driving Sustainable Shareholder Value

Ultimately, as a publicly traded REIT, Sabra's mission must culminate in driving shareholder value through sustainable, long-term growth in Funds From Operations (FFO) and dividends. This is the financial bedrock of the entire enterprise.

The company's strategic focus and disciplined financial management are clearly reflected in their 2025 performance and outlook. Sabra's Enterprise Value stood at an impressive $7.1 billion as of September 30, 2025, with strong liquidity of approximately $1.1 billion. This balance sheet strength is what allows them to capitalize on new opportunities, like the $217.5 million in managed senior housing properties they acquired in Q3 2025.

For the full 2025 fiscal year, Sabra updated its guidance, projecting Normalized FFO per share to be between $1.455 and $1.465. This steady, predictable growth is a direct result of their mission in action-using a balanced capital structure and strategic investments to deliver consistent returns. What this estimate hides is the recent credit rating upgrade by Moody's to 'Baa3' in September 2025, a significant de-risking event that reflects their improved financial health and positive long-term outlook.

Sabra Health Care REIT, Inc. (SBRA) Vision Statement

You're looking for the bedrock of Sabra Health Care REIT, Inc.'s strategy-the core principles that drive their investment decisions and, ultimately, your returns. The direct takeaway is this: Sabra's vision is encapsulated in three words-Strong, Resilient, Growing-which map directly to their focus on capital structure, portfolio diversification, and targeted senior housing expansion.

My two decades in this sector, including my time as an analyst head, tell me that a REIT's vision isn't just a poster on the wall; it's the financial blueprint. Sabra's commitment is to generate sustainable, long-term growth in Funds From Operations (FFO)-which is a key metric for REITs, showing cash flow from operations-and dividends per share for shareholders. They do this by owning and managing a high-quality portfolio of healthcare properties. Here's how their vision breaks down into actionable financial and operational pillars.

Strong: Focusing on a Balanced Capital Structure and Favorable Credit Metrics

A strong foundation is non-negotiable in real estate, especially when you're dealing with the cyclical nature of healthcare. Sabra Health Care REIT, Inc. focuses on the fundamentals: a balanced capital structure and favorable credit metrics. This isn't corporate speak; it's about minimizing risk and maximizing dry powder for smart acquisitions.

To be fair, the market is always watching liquidity. As of September 30, 2025, the company had approximately $1.1 billion in liquidity, which is a significant war chest for a company with a market capitalization around $4.33 billion. This strong position was even recognized by Moody's Ratings, which upgraded Sabra's senior unsecured notes rating to 'Baa3' in September 2025, citing their sound operating performance and improved net debt to EBITDA ratio, which stood at 4.96x as of September 30, 2025.

Here's the quick math on why this matters: a strong balance sheet means lower cost of capital, so every dollar they invest works harder for you. For the 2025 fiscal year, the company is guiding for Net Income per diluted common share between $0.655 and $0.665, demonstrating a clear path to profitability even while navigating strategic transitions.

Resilient: Diversifying the Portfolio and Partnering with Nimble Operators

Resilience in a healthcare REIT means you don't have all your eggs in one basket-or with one tenant. Sabra believes in diversification across property types, including skilled nursing/transitional care, senior housing (leased and managed), behavioral health facilities, and specialty hospitals.

The core of this resilience is partnering with operators who are 'nimble and poised to deliver excellent care now and in the future.' This focus is paying off, particularly in their managed senior housing portfolio. In the third quarter of 2025, same-store managed senior housing Cash Net Operating Income (NOI) increased by a substantial 13.3% year-over-year. That's a huge operational win.

Plus, they emphasize integrity and transparency, which are defintely core values for any REIT. You need to trust the numbers, and open communication about their portfolio composition is crucial for informed investment decisions, which is why you should look at Breaking Down Sabra Health Care REIT, Inc. (SBRA) Financial Health: Key Insights for Investors for a deeper dive.

Growing: Delivering Long-Term Value and Expanding the Senior Housing Portfolio

Growth is the final piece, and for Sabra Health Care REIT, Inc., it's all about targeted investment in high-yield properties, particularly in senior housing. They are actively deploying capital where demographic trends-the aging population-are most favorable.

The company closed on investments totaling $421.9 million year-to-date through the third quarter of 2025, with a significant portion going toward managed senior housing properties. This strategic focus is designed to boost their Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO), which are the true measures of a REIT's cash-generating power.

The updated 2025 guidance reflects this growth trajectory: they project Normalized FFO per diluted common share to be between $1.455 and $1.465, and Normalized AFFO per diluted common share between $1.495 and $1.505. They also continue to deliver on shareholder returns, declaring a quarterly cash dividend of $0.30 per share in November 2025. That's a clear, concrete action that demonstrates their commitment to long-term value.

• Maintain strong balance sheet.
• Diversify property and operator base.
• Invest in high-growth senior housing.

Sabra Health Care REIT, Inc. (SBRA) Core Values

You're looking for the bedrock of Sabra Health Care REIT, Inc.'s (SBRA) strategy-what truly drives their investment decisions and operations. It's not just about the real estate; it's about how they partner with operators and manage capital. The core values, while sometimes unstated in a formal list, are clear in their actions: a relentless focus on financial discipline, a deep commitment to operator excellence, and a growing push toward ESG sustainability.

These values aren't just corporate fluff; they map directly to the company's performance, which is why we saw Normalized AFFO guidance for the 2025 fiscal year updated to a range of $1.495 to $1.505 per diluted share. That's a clear action-to-value correlation.

Driving Shareholder Value and Financial Discipline

Sabra's primary mission, like any strong REIT, is to generate sustainable, long-term growth in Funds From Operations (FFO) and dividends. They achieve this by maintaining a balanced capital structure and making targeted, strategic investments. Honestly, this is the core value that pays the bills for everyone involved.

Here's the quick math from the third quarter of 2025: the company reported Normalized FFO of $0.36 per share and Normalized AFFO (Adjusted Funds From Operations, a key measure of a REIT's cash flow) of $0.38 per share. Plus, the company continues to strategically deploy capital, acquiring six managed senior housing properties in Q3 2025 for a total of $217.5 million, with an estimated initial cash yield of 7.8%. That's disciplined growth.

• Maintain balanced capital structure.
• Generate long-term FFO growth.
• Execute strategic, high-yield acquisitions.

This focus on financial health is what led Moody's Ratings to upgrade Sabra's senior unsecured notes rating to 'Baa3' in September 2025, citing improved net debt to EBITDA of 4.96x as of September 30, 2025. You can see how this financial rigor underpins everything in Breaking Down Sabra Health Care REIT, Inc. (SBRA) Financial Health: Key Insights for Investors.

Supporting Operator Excellence and Quality Care

A real estate investment trust in healthcare is only as good as its operators. Sabra understands this, so a core value is partnering with high-quality tenants and providing them with the resources to deliver excellent patient and resident care. They're former operators themselves, which defintely gives them a unique perspective on the challenges.

Their portfolio mix reflects this value, with 52% of their net operating income coming from skilled nursing facilities and 28% from Senior Housing Operating Properties (SHOP). This focus on needs-based properties, rather than just market-rate senior housing, emphasizes the care element. They don't just collect rent; they invest in the service delivery model.

A concrete example of this commitment is their investment in health technology (healthtech) and property technology (proptech) solutions. They have piloted and evaluated over 20 different solutions-things like fall prevention and remote vitals monitoring-with ten now active across their managed properties. This is how a landlord supports better care outcomes.

Environmental, Social, and Governance (ESG) Commitment

The third pillar, and one that has gained significant traction, is their commitment to integrating ESG principles-that's Environmental, Social, and Governance-into their operations. For a real estate company, this means making their buildings more efficient and their partnerships more sustainable. It's about long-term asset resilience.

The numbers here are substantial: Sabra has invested over $70 million since 2022 to modernize senior housing communities, covering things like lighting, water, and HVAC retrofits. They also committed an additional $5 million in 2024 through their Green Fund Programs for energy and water efficiency projects. This isn't just a compliance box; it's a capital investment.

This focus on environmental stewardship has yielded measurable results, including an 11.3% reduction in Scope 1 and 2 greenhouse gas (GHG) emissions intensity from 2022. On the 'Social' side, their commitment to a positive workplace is evident, with 98% of employees surveyed reporting they would recommend Sabra as a great place to work. It's about making the entire ecosystem healthier, from the building to the staff.