Sabra Health Care REIT Revises FY24 Normalized AFFO From $1.41-$1.44 To $1.43-$1.44; Normalized FFO From $1.36-$1.39 To $1.39-$1.40
Portfolio Pulse from Benzinga Newsdesk
Sabra Health Care REIT has revised its FY24 earnings guidance, slightly increasing its Normalized AFFO and FFO estimates. The company reports strong performance in its skilled nursing and managed senior housing sectors, with increased occupancy and margins. The investment pipeline is active, and leverage is decreasing.
October 31, 2024 | 8:11 pm
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Sabra Health Care REIT has updated its FY24 guidance, increasing its Normalized AFFO to $1.43-$1.44 and Normalized FFO to $1.39-$1.40. The company reports strong performance in its skilled nursing and managed senior housing sectors, with increased occupancy and margins.
The revision of guidance to higher ranges for Normalized AFFO and FFO suggests improved financial performance, which is likely to positively impact SBRA's stock price. The strong performance in key sectors and increased investment activity further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100