Sabra Health Care REIT Q1 FFO $0.35 Beats $0.33 Estimate, Sales $166.75M Beat $159.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sabra Health Care REIT (NASDAQ:SBRA) reported Q1 FFO of $0.35 per share, surpassing the $0.33 estimate, and sales of $166.75M, exceeding the $159.88M estimate. This represents a year-over-year earnings increase of 2.94% and a sales increase of 3.36%.
May 08, 2024 | 8:13 pm
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POSITIVE IMPACT
Sabra Health Care REIT reported a positive Q1 with FFO and sales exceeding analyst estimates, indicating strong financial performance.
Beating both FFO and sales estimates suggests operational efficiency and could lead to positive investor sentiment, potentially driving up SBRA's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100