CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Assets
Real estate investments, net of accumulated depreciation of $1,214,938 and $1,102,030 as of September 30, 2025 and December 31, 2024, respectively	$ 4,629,842	$ 4,513,734
Loans receivable and other investments, net	436,526	442,584
Investment in unconsolidated joint ventures	117,856	121,803
Cash and cash equivalents	200,602	60,468
Restricted cash	6,916	5,871
Lease intangible assets, net	59,808	27,464
Accounts receivable, prepaid expenses and other assets, net	113,223	131,755
Total assets	5,564,773	5,303,679
Liabilities
Secured debt, net	43,790	45,316
Revolving credit facility	282,213	106,554
Term loans, net	1,030,058	529,753
Senior unsecured notes, net	1,235,129	1,736,025
Accounts payable and accrued liabilities	124,042	117,896
Lease intangible liabilities, net	22,588	26,847
Total liabilities	2,737,820	2,562,391
Commitments and contingencies (Note 13)
Equity
Preferred stock, $0.01 par value; 10,000,000 shares authorized, zero shares issued and outstanding as of September 30, 2025 and December 31, 2024	0	0
Common stock, $0.01 par value; 500,000,000 shares authorized, 249,349,673 and 237,586,882 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	2,493	2,376
Additional paid-in capital	4,792,753	4,592,605
Cumulative distributions in excess of net income	(1,964,336)	(1,874,633)
Accumulated other comprehensive (loss) income	(5,976)	20,940
Total Sabra Health Care REIT, Inc. stockholders’ equity	2,824,934	2,741,288
Noncontrolling interests	2,019	0
Total equity	2,826,953	2,741,288
Total liabilities and equity	$ 5,564,773	$ 5,303,679