Sabra Health Care REIT Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 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
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Rental and related revenues (Note 6) | $99,096 | $94,274 | $190,872 | $190,144 |
| Resident fees and services | 67,939 | 58,428 | 133,970 | 115,149 |
| Interest and other income | 9,106 | 8,464 | 18,046 | 17,197 |
| Total revenues | 176,141 | 161,166 | 342,888 | 322,490 |
| Expenses: | ||||
| Depreciation and amortization | 41,681 | 44,142 | 84,595 | 96,969 |
| Interest | 29,314 | 28,328 | 57,722 | 56,868 |
| Triple-net portfolio operating expenses | 4,398 | 4,771 | 8,722 | 8,939 |
| Senior housing - managed portfolio operating expenses | 50,355 | 43,964 | 100,024 | 87,601 |
| General and administrative | 12,741 | 9,532 | 24,631 | 20,034 |
| (Recovery of) provision for loan losses | (161) | 429 | (298) | 221 |
| Impairment of real estate | 15,335 | — | 18,472 | 7,064 |
| Total expenses | 153,663 | 131,166 | 293,868 | 277,696 |
| Other income (expense): | ||||
| Loss on extinguishment of debt | — | — | — | (1,541) |
| Other income | 78 | — | 838 | 341 |
| Net gain (loss) on sales of real estate | 1,776 | (7,833) | 1,776 | (29,348) |
| Total other income (expense) | 1,854 | (7,833) | 2,614 | (30,548) |
| Income before income (loss) from unconsolidated joint ventures and income tax expense | 24,332 | 22,167 | 51,634 | 14,246 |
| Income (loss) from unconsolidated joint ventures | 80 | (653) | (515) | (1,491) |
| Income tax expense | (437) | (326) | (890) | (1,054) |
| Net income | $23,975 | $21,188 | $50,229 | $11,701 |
| Net income, per: | ||||
| Basic common share | $0.10 | $0.09 | $0.22 | $0.05 |
| Diluted common share | $0.10 | $0.09 | $0.22 | $0.05 |
| Weighted average number of common shares outstanding, basic | 231,620,291 | 231,204,531 | 231,536,286 | 231,184,355 |
| Weighted average number of common shares outstanding, diluted | 233,750,823 | 232,244,588 | 233,583,871 | 232,214,443 |
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