Sabra Health Care REIT (SBRA) Misses Q3 EPS by 13c, Revenues Miss; Lowers FY18 EPS Guidance Below Consensus

Sabra Health Care REIT (NASDAQ: SBRA) reported Q3 EPS of $0.20, $0.13 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $151.8 million versus the consensus estimate of $159.39 million.

“We adjusted guidance down, as expected, which is primarily driven by the expected sale of the Senior Care Centers portfolio. We expect the sale to close in early 2019. We remain focused on resolving all portfolio-related issues by year end or early 2019 and on growing from there with the operating partners that we have a long term commitment to.”

GUIDANCE:

Sabra Health Care REIT sees FY2018 EPS of $1.64-$1.67, versus the consensus of $1.93.

For earnings history and earnings-related data on Sabra Health Care REIT (SBRA) click here.

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