<p>Sabra Healthcare Reit ((SBRA)) 已召开其第三季度财报电话会议。请继续阅读以了解会议的主要亮点。</p>
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<p>Sabra Healthcare REIT 最近的财报电话会议展示了对未来的平衡而乐观的展望。公司在其 SHOP 投资组合中报告了强劲的增长，财务指标稳健，投资管道成功。然而，假日物业的挑战、现金租金收入下降和借款成本上升是显著的担忧。总体而言，情绪是谨慎乐观，重点关注未来的增长前景。</p>
<h2>SHOP 投资组合的增长</h2>
<p>SHOP 投资组合的增长是财报电话会议的亮点，其份额增加到总投资组合的 26%，超出预期。Sabra 设定了新的目标，进一步将 SHOP 的曝光率提高到 40%，显示出对该细分市场潜力的信心。</p>
<h2>强劲的财务指标</h2>
<p>Sabra 报告称，现金 NOI 增长 15.9%，不包括 16 个假日物业，包含它们时增长 13.3%。此外，各资产类别的 EBITDAR 租金覆盖率有所改善，展示了公司的强劲财务表现。</p>
<h2>强劲的投资活动</h2>
<p>公司通过完成超过 5.5 亿美元的交易，超出了 4 亿至 5 亿美元的投资目标。这一强劲的投资活动突显了 Sabra 对增长和扩张的战略关注。</p>
<h2>老年住房投资组合表现</h2>
<p>老年住房投资组合表现令人印象深刻，现金 NOI 和现金 NOI 利润率分别增长 18.6% 和 90 个基点。入住率提高至 86.8%，每间可用房收入（RevPAR）增长 4.3%，反映出该细分市场的强劲需求。</p>
<h2>信用评级升级</h2>
<p>穆迪将 Sabra 的信用评级提升至 Baa3，反映了公司对维持强劲资产负债表和预期未来收益增长的承诺。</p>
<h2>假日物业的挑战</h2>
<p>同店投资组合中的假日物业仅显示 5.1% 的同店 NOI 增长，这影响了整体指标，并突显了公司面临的一个关注领域。</p>
<h2>现金租金收入下降</h2>
<p>来自三重净租赁投资组合的现金租金收入较第二季度减少 350 万美元，表明该细分市场面临挑战。</p>
<h2>借款和利息支出增加</h2>
<p>在循环信贷额度下的借款增加导致现金利息支出上升，这是公司需要在未来管理的一个担忧。</p>
<h2>行为投资组合的有限增长</h2>
<p>预计行为投资组合在总投资组合中的比例将缩小，增长机会减少，暗示战略重点的转变。</p>
<h2>前瞻性指导</h2>
<p>Sabra 提供了详细的未来指导，SHOP 投资组合现在占投资组合的约 26%，并设定了新的目标将其提高到 40%。公司显著超出了其投资目标，2025 年的交易总额超过 5.5 亿美元。Sabra 重申了其 2025 年的指导中点，预计正常化的 FFO 和 AFFO 每股分别为 1.46 美元和 1.50 美元。公司还强调了强劲的资产负债表和约 11 亿美元的充足流动性。</p>
<p>总之，Sabra Healthcare REIT 的财报电话会议反映出一种平衡的情绪，既有对未来增长的乐观，也承认当前的挑战。公司在扩大其 SHOP 投资组合和强劲财务指标方面的战略关注是有前景的，而假日物业和借款成本上升等领域则需要关注。总体而言，Sabra 在未来增长方面似乎处于良好位置，并有明确的计划来应对当前的挑战。</p>

SBRA

<p>Sabra Healthcare REIT 的第三季度财报电话会议强调了谨慎乐观的前景，展示了其 SHOP 投资组合的强劲增长，目前占总资产的 26%，目标是达到 40%。财务指标表现强劲，现金净营业收入增长了 15.9%。然而，面临的挑战包括现金租金收入下降和借款成本上升。穆迪将 Sabra 的信用评级上调至 Baa3，反映出对未来收益的信心。该公司超出了投资目标，完成了超过 5.5 亿美元的交易，计划在 2025 年进行，同时承认假日物业板块存在一些担忧。总体而言，尽管面临当前挑战，Sabra 在未来增长方面具有战略优势</p>

<p>Sabra Healthcare Reit ((SBRA)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>Sabra Healthcare Reit ((SBRA)) 已召开其第三季度财报电话会议。请继续阅读以了解会议的主要亮点。</p>
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<div class="lb-trans"><h3>认识您的 ETF AI 分析师</h3>
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<li>Explore ETFs TipRanks' users love and see what insights the <strong><em>ETF</em> AI Analyst</strong> reveals about the ones you follow.</li>
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<div class="lb-trans"><ul>
<li>了解 TipRanks 的 <em>ETF</em> AI 分析师如何帮助您做出更明智的投资决策</li>
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</div><p>Sabra Healthcare REIT’s recent earnings call presented a balanced yet optimistic outlook for the future. The company reported strong growth in its SHOP portfolio, robust financial metrics, and a successful investment pipeline. However, challenges with the Holiday properties, decreased cash rental income, and increased borrowing costs were notable concerns. Overall, the sentiment was one of cautious optimism, with a focus on future growth prospects.</p>
<div class="lb-trans"><p>Sabra Healthcare REIT 最近的财报电话会议展示了对未来的平衡而乐观的展望。公司在其 SHOP 投资组合中报告了强劲的增长，财务指标稳健，投资管道成功。然而，假日物业的挑战、现金租金收入下降和借款成本上升是显著的担忧。总体而言，情绪是谨慎乐观，重点关注未来的增长前景。</p>
</div><h2>Growth in SHOP Portfolio</h2>
<div class="lb-trans"><h2>SHOP 投资组合的增长</h2>
</div><p>The SHOP portfolio’s growth was a highlight of the earnings call, with its share increasing to 26% of the total portfolio, surpassing expectations. Sabra has set a new target to further increase SHOP exposure to 40%, indicating confidence in this segment’s potential.</p>
<div class="lb-trans"><p>SHOP 投资组合的增长是财报电话会议的亮点，其份额增加到总投资组合的 26%，超出预期。Sabra 设定了新的目标，进一步将 SHOP 的曝光率提高到 40%，显示出对该细分市场潜力的信心。</p>
</div><h2>Strong Financial Metrics</h2>
<div class="lb-trans"><h2>强劲的财务指标</h2>
</div><p>Sabra reported a cash NOI growth of 15.9%, excluding 16 ex-Holiday properties, and 13.3% including them. Additionally, EBITDAR rent coverage improved across asset classes, showcasing the company’s strong financial performance.</p>
<div class="lb-trans"><p>Sabra 报告称，现金 NOI 增长 15.9%，不包括 16 个假日物业，包含它们时增长 13.3%。此外，各资产类别的 EBITDAR 租金覆盖率有所改善，展示了公司的强劲财务表现。</p>
</div><h2>Robust Investment Activity</h2>
<div class="lb-trans"><h2>强劲的投资活动</h2>
</div><p>The company exceeded its investment target of $400-$500 million by closing deals worth more than $550 million in 2025. This robust investment activity underscores Sabra’s strategic focus on growth and expansion.</p>
<div class="lb-trans"><p>公司通过完成超过 5.5 亿美元的交易，超出了 4 亿至 5 亿美元的投资目标。这一强劲的投资活动突显了 Sabra 对增长和扩张的战略关注。</p>
</div><h2>Senior Housing Portfolio Performance</h2>
<div class="lb-trans"><h2>老年住房投资组合表现</h2>
</div><p>The senior housing portfolio showed impressive performance, with cash NOI and cash NOI margin up by 18.6% and 90 basis points, respectively. Occupancy increased to 86.8%, and RevPAR rose by 4.3%, reflecting strong demand in this segment.</p>
<div class="lb-trans"><p>老年住房投资组合表现令人印象深刻，现金 NOI 和现金 NOI 利润率分别增长 18.6% 和 90 个基点。入住率提高至 86.8%，每间可用房收入（RevPAR）增长 4.3%，反映出该细分市场的强劲需求。</p>
</div><h2>Credit Rating Upgrade</h2>
<div class="lb-trans"><h2>信用评级升级</h2>
</div><p>Moody’s upgraded Sabra’s credit rating to Baa3, reflecting the company’s commitment to maintaining a strong balance sheet and anticipated future earnings growth.</p>
<div class="lb-trans"><p>穆迪将 Sabra 的信用评级提升至 Baa3，反映了公司对维持强劲资产负债表和预期未来收益增长的承诺。</p>
</div><h2>Challenges with Holiday Properties</h2>
<div class="lb-trans"><h2>假日物业的挑战</h2>
</div><p>The Holiday properties in the same-store portfolio showed only 5.1% same-store NOI growth, which impacted overall metrics and highlighted an area of concern for the company.</p>
<div class="lb-trans"><p>同店投资组合中的假日物业仅显示 5.1% 的同店 NOI 增长，这影响了整体指标，并突显了公司面临的一个关注领域。</p>
</div><h2>Decreased Cash Rental Income</h2>
<div class="lb-trans"><h2>现金租金收入下降</h2>
</div><p>Cash rental income from the triple-net portfolio decreased by $3.5 million from the second quarter, indicating challenges in this segment.</p>
<div class="lb-trans"><p>来自三重净租赁投资组合的现金租金收入较第二季度减少 350 万美元，表明该细分市场面临挑战。</p>
</div><h2>Higher Borrowings and Interest Expenses</h2>
<div class="lb-trans"><h2>借款和利息支出增加</h2>
</div><p>Increased borrowings under the revolving credit facility led to higher cash interest expenses, a concern that the company will need to manage moving forward.</p>
<div class="lb-trans"><p>在循环信贷额度下的借款增加导致现金利息支出上升，这是公司需要在未来管理的一个担忧。</p>
</div><h2>Limited Growth in Behavioral Portfolio</h2>
<div class="lb-trans"><h2>行为投资组合的有限增长</h2>
</div><p>The behavioral portfolio is expected to shrink as a percentage of the total portfolio, with fewer opportunities for growth, suggesting a strategic shift in focus.</p>
<div class="lb-trans"><p>预计行为投资组合在总投资组合中的比例将缩小，增长机会减少，暗示战略重点的转变。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Sabra provided detailed guidance for the future, with the SHOP portfolio now making up approximately 26% of the portfolio and a new target set to increase it to 40%. The company significantly exceeded its investment target, with deals in 2025 totaling over $550 million. Sabra reaffirmed its guidance midpoint for 2025, projecting normalized FFO and AFFO per share at $1.46 and $1.50, respectively. The company also highlighted a strong balance sheet and ample liquidity of approximately $1.1 billion.</p>
<div class="lb-trans"><p>Sabra 提供了详细的未来指导，SHOP 投资组合现在占投资组合的约 26%，并设定了新的目标将其提高到 40%。公司显著超出了其投资目标，2025 年的交易总额超过 5.5 亿美元。Sabra 重申了其 2025 年的指导中点，预计正常化的 FFO 和 AFFO 每股分别为 1.46 美元和 1.50 美元。公司还强调了强劲的资产负债表和约 11 亿美元的充足流动性。</p>
</div><p>In conclusion, Sabra Healthcare REIT’s earnings call reflected a balanced sentiment with a mix of optimism for future growth and acknowledgment of current challenges. The company’s strategic focus on expanding its SHOP portfolio and strong financial metrics are promising, while areas such as the Holiday properties and increased borrowing costs require attention. Overall, Sabra appears well-positioned for future growth, with a clear plan to navigate current challenges.</p>
<div class="lb-trans"><p>总之，Sabra Healthcare REIT 的财报电话会议反映出一种平衡的情绪，既有对未来增长的乐观，也承认当前的挑战。公司在扩大其 SHOP 投资组合和强劲财务指标方面的战略关注是有前景的，而假日物业和借款成本上升等领域则需要关注。总体而言，Sabra 在未来增长方面似乎处于良好位置，并有明确的计划来应对当前的挑战。</p>
</div>

Sabra Healthcare REIT 的乐观收益电话会议分析