Rick Matros, chairman and CEO of Sabra Health Care REIT, Inc. (Nasdaq: SBRA), participated in a video interview during Nareit’s REITworld: 2023 Annual Conference held Nov. 14-16 in Los Angeles.
Matros said it’s been a tough few years through the pandemic, but Sabra’s top priority in the new year is to get back to its earnings growth.
“We’ve actually come out of the pandemic stronger than we’ve ever been,” he said. “We were able to take advantage of the pandemic in terms of transitioning some assets [and] selling some assets, so we’re left with a much higher quality portfolio.”
Matros said Sabra was in “perfect” shape on the debt side, with no near-term maturities until 2026 and no floating rate debt.
“We’ve swapped everything out at rates that are 4% or better and it takes us through 2028,” he said.
He added that Sabra is hoping its stock, which has been improving, will continue to increase in the year ahead so that the company can utilize the ATM and match fund on investments.