F

Sabra Health Care REIT, Inc. — Earnings Quality Grade F

SBRA · Real Estate

Major red flags

Revenue
$775M
2025
Net Income
$156M
2025
Gross Margin
65.0%
Free Cash Flow
$349M
01

Screening Summary

11
Passed
2
Watch
1
Failed
M-Score

Management Signals

No recent CEO, CFO, board, or accounting leadership signals found in SEC 8-K filings.
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 52 days, change -16 days YoY

A2AR vs Revenue Growth

AR growth -15.5% vs revenue growth 10.2%

A3Revenue vs CFFO

Revenue 10.2%, CFFO 12.3%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

Insufficient data

B3SG&A Ratio

SG&A/Gross Profit = 10.7%, excellent (<30%)

B4Gross Margin

Gross margin 65.0%, change -2.7pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 2.24. Profits backed by cash

C2Free Cash Flow

FCF $0.3B, FCF/NI = 2.24

C3Accruals Ratio

Accruals ratio = -3.5%. Low accruals

C4Cash vs Debt

Cash $0.1B covers only 3% of debt $2.6B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.1B = 2% of equity. Manageable

!
D2Leverage

Debt/EBITDA = 5.6x (>4x). Financial stress

D3Soft Asset Growth

Insufficient data

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

!
E2Goodwill Surge

Goodwill+Intangibles surged 138% YoY

06

Manipulation Score

F1Beneish M-Score

Insufficient data

Portfolio monitoring

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Altman Z-Score — Not Applicable

Sabra Health Care REIT, Inc. is a financial company. Z-Score is designed for non-financial companies.

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25