Sabra Health Care REIT (SBRA) Investor presentation summary

Recent investment activity

• Closed $599 million in investments year-to-date, with about 80% in managed senior housing and an initial cash yield of 7.5%.

• Pipeline of awarded investments exceeds $330 million, primarily in managed senior housing, with an estimated initial cash yield of 7.0%.

Strategic positioning and market trends

• Positioned for long-term value creation through quality care, industry experience, and a resilient balance sheet.

• Focus on operators who provide compassionate care and align with mission-driven, needs-based strategies.

• The 80+ population is projected to grow 4% annually through 2040, while new senior housing and skilled nursing supply remains limited.

Execution and portfolio management

• Pursues unique, accretive investments and supports operator expansion in favorable markets.

• Maintains prudent financing by match funding investments with liquidity, recycled capital, and ATM proceeds.

• Ongoing portfolio optimization to ensure diversification and future readiness.