Roberts & Ryan had the pleasure of hosting an investor call with Sabra Health Care REIT, Inc.’s Rick Matros and Michael Costa.
As you can imagine, the ongoing pandemic created some real challenges for the senior housing and skilled nursing facility space. Sabra has navigated well and they’re in a good position. Behavioral Health has been a growth area for them, and from the sounds of it, demand is very strong.
We talked about the positive impact higher occupancy rates will have for the company. There’s a point where expenses are met and each new resident doesn’t add much to costs, so there’s significant value in the higher occupancy rates as we return to normal.
I asked for 3 takeaways for investors to consider:
1) Occupancy rates are improving and will significantly add to earnings growth
2) Balance sheet is solid
3) High quality portfolio
It’s also clear that ESG is important to them. We didn’t have enough time to discuss everything that they’re doing on the ESG front, but Rick was very happy to share some highlights, like their “Green Links Fund”, which provides cheap capital to their operators for ESG related improvements at their facilities. A very creative way to have an impact!
“THANK YOU” to Rick and Mike, and to all the investors that joined us today!
Learn more about Sabra here.
Sabra Health Care REIT, Inc. Leadership:
Rick Matros: CEO, President & Chmn of the Board
Michael Costa: CFO, Secretary and EVP
Talya Nevo-Hacohen: CIO, Treasurer and EVP
Nyland Peter: EVP, Asset Management
Darrin Smith: EVP, Investments