Sabra Health Care REIT, Inc.
For the period ended Sep 30, 2026. Filed Nov 2, 2026.
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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.
Sep 30, 2026 · Filed Nov 2, 2026
SBRA$21.32-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $44,122 | $128,363 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 174,289 | 135,591 |
| Non-cash rental and related revenues | (1,005) | 820 |
| Non-cash interest expense | 7,110 | 5,608 |
| Stock-based compensation expense | 11,109 | 8,290 |
| Loss on extinguishment of debt | — | 1,154 |
| Provision for (recovery of) loan losses and other reserves | 104,600 | (640) |
| Net gain on sales of real estate | (29,652) | (5,544) |
| Impairment of real estate | 440 | 6,674 |
| Income from unconsolidated joint ventures | (6,366) | (2,276) |
| Distributions of earnings from unconsolidated joint ventures | 5,814 | 5,917 |
| Other non-cash items | — | (17,183) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, prepaid expenses and other assets, net | (16,449) | (9,129) |
| Accounts payable and accrued liabilities | 19,140 | 3,541 |
| Net cash provided by operating activities | 313,152 | 261,186 |
| Cash flows from investing activities: | ||
| Acquisition of real estate and lease intangibles | (516,346) | (301,563) |
| Origination and fundings of loans receivable | (994) | (5,710) |
| Origination and fundings of preferred equity investments | (2,612) | (9) |
| Additions to real estate | (41,058) | (24,183) |
| Escrow deposits for potential investments | (60) | (500) |
| Repayments of loans receivable | 210,743 | 15,442 |
| Repayments of preferred equity investments | 2,897 | 1,977 |
| Investment in unconsolidated joint ventures | — | (1,241) |
| Net proceeds from the sales of real estate | 156,860 | 43,087 |
| Proceeds from net investment hedges | — | 4,462 |
| Insurance proceeds | 136 | 1,267 |
| Distributions in excess of earnings from unconsolidated joint ventures | — | 5,557 |
| Net cash used in investing activities | (190,434) | (261,414) |
| Cash flows from financing activities: | ||
| Net (repayments of) borrowings from revolving credit facility | (90,200) | 174,805 |
| Principal payments on senior unsecured notes | — | (500,000) |
| Proceeds from term loans | — | 500,000 |
| Principal payments on secured debt | (1,604) | (1,562) |
| Payments of deferred financing costs | (111) | (4,405) |
| Payments related to extinguishment of debt | — | (2,884) |
| Contributions from noncontrolling interests | 2 | 2,040 |
| Distributions to noncontrolling interests | (162) | — |
| Payment of contingent consideration | (1,178) | — |
| Issuance of common stock, net | 163,691 | 188,350 |
| Dividends paid on common stock | (227,953) | (214,692) |
| Net cash (used in) provided by financing activities | (157,515) | 141,652 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (34,797) | 141,424 |
| Effect of foreign currency translation on cash, cash equivalents and restricted cash | (261) | (245) |
| Cash, cash equivalents and restricted cash, beginning of period | 78,140 | 66,339 |
| Cash, cash equivalents and restricted cash, end of period | $43,082 | $207,518 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $69,552 | $72,820 |
| Supplemental disclosure of non-cash investing activities: | ||
| Decrease in loans receivable and other investments due to acquisition of real estate | $16,600 | $— |
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