Sabra Reports First Quarter 2019 Results; Reaffirms 2019 Guidance
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Sabra Health Care REIT (SBRA) Misses Q1 EPS by 73c, Revenues Miss
May 8, 2019 4:29 PM EDTSabra Health Care REIT (NASDAQ: SBRA) reported Q1 EPS of ($0.44), $0.73 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $136.77 million versus the consensus estimate of $139.7 million.
For the first quarter of 2019, net loss attributable to common stockholders, FFO, Normalized FFO, AFFO and Normalized AFFO per diluted common share were $(0.44), $0.43, $0.48, $0.46 and $0.47, respectively. Included in net loss per diluted common share were impairments of real estate of $0.58, primarily associated with the Senior Care Centers facilities, write-off of lease intangibles of $0.03 and loss on sale of real estate of $0.01.Our Senior... More