SBRA Shareholder/Stockholder Letter Transcript:
2023 ANNUAL REPORT
Strategic.
Disciplined.
Opportunistic.
Strategic. Disciplined.
Opportunistic.
Although the industry continued to face many
challenges in 2023, we remained focused on
the areas where we could create value for our
shareholders, including identifying and prudently
executing strategies to further enhance the quality
of our portfolio and strengthen our balance sheet.
As a result, Sabra has a higher-quality and more
diverse portfolio than at any other time in the
company s history.
Our experienced and dedicated team expertly
laid out a strategy, adeptly adjusted as market
conditions changed and diligently delivered
value. I am immensely proud of what we have
accomplished and the culture we have built. The
team shares a passion for the industry and the
knowledge that what s most important is what
happens inside our buildings.
By continuing
to focus on the
fundamentals,
we ve curated a
diverse portfolio of
high-quality assets
balance sheet.
As a result, we are
well-positioned to
drive value for our
shareholders.
Michael Costa
and Executive Vice President
Enterprise Value
Liquidity
Investments
One-Year Total Return
5.7B 0.9B
413
As of December 31, 2023
26.2
01
Investing in
Relationships
To that end, we ve worked to align ourselves
with and support operators who share our
dedication to high-quality care. As former
operators ourselves, we look for opportunities to
provide capital support and insights so that our
operators stay at the forefront of care delivery.
02
ANNUAL REPORT 2023
One of the unique ways we support our
operators is by facilitating the sharing of best
Operator Conference provided an opportunity
for our leading operators and tenants to
experts and network with one another.
valuable insights into the healthcare
industry and the innovative
improve patient care and outcomes.
It was inspiring to see the dedication
we are eager to support their mission
and contribute to their success. We
believe that our partnership will yield
ultimately make a difference in the
lives of patients and their families.
David McHarg,
SABRA HEALTH CARE REIT, INC.
03
4/26/2024 Letter Continued (Full PDF)