Sabra Health Care Focusing on Balance Sheet

06/26/2019 | by Nareit Staff

Rick Matros, CEO of Sabra Health Care REIT, Inc., joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.

With its restructuring initiative now complete, Sabra’s main priorities include delevering the balance sheet, reducing the cost of debt, and extending maturities, Matros said.

The REIT is less interested in acquisitions at this time. “We want to be a little boring and just focus on the balance sheet,” he said.

Looking ahead, Matros said the most compelling growth opportunities in the portfolio will continue to be in skilled nursing. Opportunities in senior housing depend on whether there will be any “rational pricing,” he noted.

Companies:

Company name

Sabra Health Care REIT, Inc.

Health Care

1 Year Total Return

37.93% As of market close 11/25/2024

Stock price

$18.52

You Might Also Like...

What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.