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

43.60% As of market close 11/06/2024

Stock price

$18.48

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