Sabra Health Care REIT Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
SBRA$21.32-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (Loss)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues: | |||
| Rental and related revenues (Note 4) | $376,266 | $400,586 | $396,716 |
| Resident fees and services | 236,153 | 186,672 | 155,512 |
| Interest and other income | 35,095 | 37,553 | 17,317 |
| Total revenues | 647,514 | 624,811 | 569,545 |
| Expenses: | |||
| Depreciation and amortization | 183,087 | 187,782 | 178,991 |
| Interest | 112,964 | 105,471 | 98,632 |
| Triple-net portfolio operating expenses | 17,932 | 19,623 | 20,221 |
| Senior housing - managed portfolio operating expenses | 177,313 | 142,990 | 120,980 |
| General and administrative | 47,472 | 39,574 | 34,669 |
| Provision for loan losses and other reserves | 191 | 141 | 3,935 |
| Impairment of real estate | 14,332 | 94,042 | 9,499 |
| Total expenses | 553,291 | 589,623 | 466,927 |
| Other (expense) income: | |||
| Loss on extinguishment of debt | (1,541) | (411) | (34,622) |
| Other income (expense) | 2,598 | (1,097) | 373 |
| Net (loss) gain on sales of real estate | (76,625) | (12,011) | 12,301 |
| Total other expense | (75,568) | (13,519) | (21,948) |
| Income before loss from unconsolidated joint ventures and income tax expense | 18,655 | 21,669 | 80,670 |
| Loss from unconsolidated joint ventures | (2,897) | (98,032) | (192,081) |
| Income tax expense | (2,002) | (1,242) | (1,845) |
| Net income (loss) | $13,756 | $(77,605) | $(113,256) |
| Net income (loss), per: | |||
| Basic common share | $0.06 | $(0.34) | $(0.52) |
| Diluted common share | $0.06 | $(0.34) | $(0.52) |
| Weighted average number of common shares outstanding, basic | 231,203,391 | 230,947,895 | 219,073,027 |
| Weighted average number of common shares outstanding, diluted | 232,792,778 | 230,947,895 | 219,073,027 |
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