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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Real estate investments, net of accumulated depreciation of $1,297,557 and $1,224,663 as of June 30, 2026 and December 31, 2025, respectively $ 4,832,255 $ 4,686,377
Loans receivable and other investments, net 115,078 434,100
Investment in unconsolidated joint ventures 113,889 118,166
Cash and cash equivalents 231,584 71,537
Restricted cash 6,756 6,603
Lease intangible assets, net 82,953 65,321
Accounts receivable, prepaid expenses and other assets, net 130,095 111,292
Total assets 5,512,610 5,493,396
Liabilities    
Secured debt, net 42,233 43,275
Revolving credit facility 317,475 217,584
Term loans, net 1,029,516 1,032,311
Senior unsecured notes, net 1,236,940 1,235,726
Accounts payable and accrued liabilities 114,953 119,329
Lease intangible liabilities, net 19,053 21,383
Total liabilities 2,760,170 2,669,608
Commitments and contingencies (Note 13)
Equity    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, zero shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized, 255,462,756 and 251,697,456 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 2,555 2,517
Additional paid-in capital 4,893,653 4,836,270
Cumulative distributions in excess of net income (2,151,582) (2,013,375)
Accumulated other comprehensive income (loss) 6,097 (3,571)
Total Sabra Health Care REIT, Inc. stockholders’ equity 2,750,723 2,821,841
Noncontrolling interests 1,717 1,947
Total equity 2,752,440 2,823,788
Total liabilities and equity $ 5,512,610 $ 5,493,396