Filing Flows › Sabra Health Care REIT (SBRA) › Q1 2026
Sabra Health Care REIT (SBRA) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Sabra Health Care REIT (SBRA) reported revenue of $222M for the first quarter 2026 (Q1 2026), +21% from a year earlier and +5% from the quarter before. Operating margin was 18.6%, net earnings $40.8M (18.4% of revenue).
Sabra Health Care REIT, Q1 2026: revenue $222M (+21% year over year), operating margin 18.6%, net earnings $40.8M, operating cash flow $98.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $222M | +5% | +21% |
| Operating profit | $41.3M | +50% | +2% |
| Net earnings | $40.8M | +50% | +1% |
| Operating cash flow | $98.4M | +13% | +23% |
What changed
Revenue was $221.8M in Q1 2026, up 21% year over year and up 5% from the previous quarter.
Operating profit was $41.3M, a 18.6% margin (down 3.5 points year over year). Of the extra revenue versus Q1 2025, 2% reached operating profit, below the 22% margin then. Total costs grew 26% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+27%). Net earnings were $40.9M, up 1% year over year. The effective tax rate was 1.3%.
Operating cash flow was $98.4M (up 23% year over year), 241% of net earnings. Non-cash charges added back $53.1M of depreciation and amortization and $3.1M of share-based compensation.
Questions
What was Sabra Health Care REIT's revenue in the first quarter 2026?
Sabra Health Care REIT (SBRA) reported revenue of $222M for the first quarter 2026 (Q1 2026), +21% from a year earlier and +5% from the quarter before.
Was Sabra Health Care REIT profitable in the first quarter 2026?
Operating profit was $41.3M (18.6% of revenue) and net earnings $40.8M.