Rick Matros, chair and CEO of Sabra Health Care REIT, Inc. (Nasdaq: SBRA), sat down for a video interview at Nareit’s REITweek: 2024 Investor Conference, held in New York from June 3-6.
Matros addressed key concerns from investors regarding the company's growth prospects and acquisition pipeline. He emphasized that Sabra is open to expanding in any asset class it currently operates in, underscoring the REIT’s commitment to earnings growth.
Matros also discussed the company’s strategy to diversify beyond skilled nursing facilities (SNFs). Despite reducing their exposure to SNFs, Matros said that Sabra is still interested in acquiring more.
Looking ahead, Matros identified its Senior Housing Operating Portfolio (SHOP) as having the greatest growth potential in the second half of the year and into 2025. He conveyed a general sense of excitement about Sabra's future, especially given the company’s recovery from the pandemic.
"Our skilled nursing margins are back to where they were before the pandemic," he said. "I think [there is] more of a general excitement about getting back to being a regular REIT again and growing the company the way we want to grow it."