2020 Q1 Form 10-Q Financial Statement

#000149229820000015 Filed on May 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $149.3M $136.8M
YoY Change 9.19% -17.65%
Cost Of Revenue $27.00M $12.00M
YoY Change 125.0% -0.83%
Gross Profit $122.4M $124.7M
YoY Change -1.84% -19.03%
Gross Profit Margin 81.96% 91.17%
Selling, General & Admin $9.300M $9.400M
YoY Change -1.06% 3.3%
% of Gross Profit 7.6% 7.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.17M $44.95M
YoY Change -1.74% -6.37%
% of Gross Profit 36.08% 36.05%
Operating Expenses $58.30M $59.70M
YoY Change -2.35% 4.55%
Operating Profit $64.10M $65.00M
YoY Change -1.38% -32.92%
Interest Expense -$28.90M -$37.70M
YoY Change -23.34% 6.5%
% of Operating Profit -45.09% -58.0%
Other Income/Expense, Net $2.042M -$1.349M
YoY Change -251.37% -157.45%
Pretax Income $39.93M -$75.70M
YoY Change -152.74% -221.03%
Income Tax $1.042M $612.0K
% Of Pretax Income 2.61%
Net Earnings $35.20M -$77.70M
YoY Change -145.3% -224.38%
Net Earnings / Revenue 23.57% -56.81%
Basic Earnings Per Share $0.17 -$0.44
Diluted Earnings Per Share $0.17 -$0.44
COMMON SHARES
Basic Shares Outstanding 205.4M shares 178.4M shares
Diluted Shares Outstanding 206.0M shares 178.4M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.10M $22.90M
YoY Change 136.24% -50.65%
Cash & Equivalents $54.05M $22.87M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $215.9M $142.0M
YoY Change 52.04% -33.05%
LONG-TERM ASSETS
Property, Plant & Equipment $5.363B $5.447B
YoY Change -1.54% -10.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $311.8M $335.7M
YoY Change -7.13% -5.41%
Other Assets $8.400M $280.5M
YoY Change -97.01% 2277.12%
Total Long-Term Assets $5.876B $6.313B
YoY Change -6.92% -6.78%
TOTAL ASSETS
Total Short-Term Assets $215.9M $142.0M
Total Long-Term Assets $5.876B $6.313B
Total Assets $6.092B $6.455B
YoY Change -5.62% -7.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $112.5M $72.90M
YoY Change 54.32% -28.81%
Accrued Expenses $10.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $112.5M $82.90M
YoY Change 35.71% -19.04%
LONG-TERM LIABILITIES
Long-Term Debt $2.479B $3.230B
YoY Change -23.25% -3.89%
Other Long-Term Liabilities $105.2M $91.30M
YoY Change 15.22% -3.39%
Total Long-Term Liabilities $2.585B $3.322B
YoY Change -22.19% -3.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $112.5M $82.90M
Total Long-Term Liabilities $2.585B $3.322B
Total Liabilities $2.697B $3.404B
YoY Change -20.78% -4.32%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.056M $1.784M
YoY Change 15.25% 0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.395B $3.046B
YoY Change
Total Liabilities & Shareholders Equity $6.092B $6.455B
YoY Change -5.62% -7.58%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $35.20M -$77.70M
YoY Change -145.3% -224.38%
Depreciation, Depletion And Amortization $44.17M $44.95M
YoY Change -1.74% -6.37%
Cash From Operating Activities $74.82M $53.96M
YoY Change 38.66% -46.92%
INVESTING ACTIVITIES
Capital Expenditures -$67.30M $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$2.600M $6.300M
YoY Change -141.27% -101.83%
Cash From Investing Activities -$69.82M $6.347M
YoY Change -1200.11% -101.23%
FINANCING ACTIVITIES
Cash Dividend Paid $92.39M $80.26M
YoY Change 15.11% -3.05%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $8.948M -$87.47M
YoY Change -110.23% -23.53%
NET CHANGE
Cash From Operating Activities $74.82M $53.96M
Cash From Investing Activities -$69.82M $6.347M
Cash From Financing Activities $8.948M -$87.47M
Net Change In Cash $13.94M -$27.17M
YoY Change -151.32% -94.87%
FREE CASH FLOW
Cash From Operating Activities $74.82M $53.96M
Capital Expenditures -$67.30M $0.00
Free Cash Flow $142.1M $53.96M
YoY Change 163.38% -80.28%

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CY2019Q1 sbra Non Cash Rental And Related Revenues Adjustments
NonCashRentalAndRelatedRevenuesAdjustments
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CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
561000 USD
CY2019Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
562000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2233000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2561000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2360000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2775000 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
667000 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1207000 USD
CY2020Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-217000 USD
CY2019Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-1520000 USD
CY2020Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2019Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
103134000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3667000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1383000 USD
CY2020Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4040000 USD
CY2019Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
3037000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6895000 USD
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020Q1 us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
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CY2019Q1 us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
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CY2020Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1011000 USD
CY2019Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
5251000 USD
CY2020Q1 sbra Repaymentsof Preferred Equity Investments
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-3059000 USD
CY2019Q1 sbra Repaymentsof Preferred Equity Investments
RepaymentsofPreferredEquityInvestments
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CY2020Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
6272000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Productive Assets
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CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
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CY2020Q1 us-gaap Payments Of Financing Costs
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CY2019Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6000 USD
CY2020Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2019Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
36000 USD
CY2020Q1 sbra Proceeds Payments From Issuance Of Stock Net Of Taxes Paid On Behalf Of Employees
ProceedsPaymentsFromIssuanceOfStockNetOfTaxesPaidOnBehalfOfEmployees
1930000 USD
CY2019Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
849000 USD
CY2019Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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CY2020Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
877000 USD
CY2019Q1 sbra Proceeds Payments From Issuance Of Stock Net Of Taxes Paid On Behalf Of Employees
ProceedsPaymentsFromIssuanceOfStockNetOfTaxesPaidOnBehalfOfEmployees
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CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
92390000 USD
CY2019Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
80260000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8948000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-87474000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
13943000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-27168000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-660000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
149000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49143000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59658000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62426000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32639000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
21526000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
42195000 USD
CY2020Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
16092000 USD
CY2019Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 USD
CY2020Q1 sbra Real Estate Investments Joint Ventures Number
RealEstateInvestmentsJointVenturesNumber
0 Investment
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.</span></div>
CY2019Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
239229000 USD
CY2020Q1 us-gaap Land Improvements
LandImprovements
1535000 USD
CY2019Q4 us-gaap Land Improvements
LandImprovements
1534000 USD
CY2020Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain amounts in the Company’s condensed consolidated statements of income and condensed consolidated statements of cash flows for prior periods have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations.</span></div>
CY2020Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5932920000 USD
CY2020Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
569752000 USD
CY2020Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5363168000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5880583000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
539213000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5341370000 USD
CY2020Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
5093517000 USD
CY2019Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
5042435000 USD
CY2020Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
241407000 USD
CY2020Q1 us-gaap Land
Land
596461000 USD
CY2019Q4 us-gaap Land
Land
597385000 USD
CY2020Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5932920000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5880583000 USD
CY2020Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
569752000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
539213000 USD
CY2020Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5363168000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5341370000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2020Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
10100000 USD
CY2019Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
10500000 USD
CY2020Q1 sbra Property Taxes Insurance And Tenant Improvement Deposit Liability
PropertyTaxesInsuranceAndTenantImprovementDepositLiability
17800000 USD
CY2019Q4 sbra Property Taxes Insurance And Tenant Improvement Deposit Liability
PropertyTaxesInsuranceAndTenantImprovementDepositLiability
14300000 USD
CY2020Q1 us-gaap Variable Lease Income
VariableLeaseIncome
5200000 USD
CY2019Q1 us-gaap Variable Lease Income
VariableLeaseIncome
4200000 USD
CY2020Q1 sbra Letters Of Credit Deposits
LettersOfCreditDeposits
84000000 USD
CY2019Q4 sbra Letters Of Credit Deposits
LettersOfCreditDeposits
83000000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
319956000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
427122000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
406769000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
392007000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
383326000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1742840000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3672020000 USD
CY2019Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
103100000 USD
CY2020Q1 sbra Financing Receivable Numberof Loans
FinancingReceivableNumberofLoans
19 loan
CY2020Q1 sbra Financing Receivable Principal Amount
FinancingReceivablePrincipalAmount
67545000 USD
CY2020Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
63618000 USD
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
63634000 USD
CY2020Q1 sbra Financing Receivable Fixed Interest Rate
FinancingReceivableFixedInterestRate
0.077
CY2020Q1 sbra Financing Receivable Effective Interest Rate
FinancingReceivableEffectiveInterestRate
0.079
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1225000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
564000 USD
CY2020Q1 sbra Financing Receivable Principal Amount
FinancingReceivablePrincipalAmount
67545000 USD
CY2020Q1 us-gaap Notes Receivable Net
NotesReceivableNet
62393000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
63070000 USD
CY2020Q1 sbra Preferred Equity Investments Number
PreferredEquityInvestmentsNumber
6 preferred_equity_investment
CY2020Q1 sbra Preferred Equity Investment Face Value
PreferredEquityInvestmentFaceValue
25793000 USD
CY2020Q1 sbra Preferred Equity Investment Carrying Amount
PreferredEquityInvestmentCarryingAmount
25977000 USD
CY2019Q4 sbra Preferred Equity Investment Carrying Amount
PreferredEquityInvestmentCarryingAmount
44304000 USD
CY2020Q1 sbra Preferred Equity Investment Weighted Average Contractual Rate
PreferredEquityInvestmentWeightedAverageContractualRate
0.124
CY2020Q1 sbra Investments Weighted Average Contractual Rate
InvestmentsWeightedAverageContractualRate
0.090
CY2020Q1 sbra Investments Weighted Average Effective Rate
InvestmentsWeightedAverageEffectiveRate
0.092
CY2020Q1 sbra Preferred Equity Investment Weighted Average Effective Rate
PreferredEquityInvestmentWeightedAverageEffectiveRate
0.124
CY2020Q1 sbra Numberof Investments
NumberofInvestments
25 Investment
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
107816000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
453898000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
891195000 USD
CY2020Q1 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
93338000 USD
CY2020Q1 sbra Financing Receivable And Other Investments Net
FinancingReceivableAndOtherInvestmentsNet
88370000 USD
CY2019Q4 sbra Financing Receivable And Other Investments Net
FinancingReceivableAndOtherInvestmentsNet
107374000 USD
CY2019Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
39000 USD
CY2018Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
449000 USD
CY2020Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
8000 USD
CY2019Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
218000 USD
CY2020Q1 sbra Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Reduction Due To Payoff
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesReductionDueToPayoff
0 USD
CY2019Q1 sbra Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Reduction Due To Payoff
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesReductionDueToPayoff
33000 USD
CY2020Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
31000 USD
CY2019Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
198000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
700000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1200000 USD
CY2020Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
25700000 USD
CY2019Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
36300000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2200000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2600000 USD
CY2020Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
18600000 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
16700000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2387000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
17205000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1020073000 USD
CY2020Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2492574000 USD
CY2020Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-7325000 USD
CY2020Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
20553000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
2479346000 USD
CY2020Q1 sbra Other Comprehensive Income Loss Cash Flow And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-28475000 USD
CY2019Q1 sbra Other Comprehensive Income Loss Cash Flow And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-14770000 USD
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
8074000 USD
CY2020Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2020Q1 us-gaap Derivative Assets
DerivativeAssets
8074000 USD
CY2020Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
8074000 USD
CY2020Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2020Q1 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 USD
CY2020Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
38411000 USD
CY2020Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2020Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
38411000 USD
CY2020Q1 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
8074000 USD
CY2020Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2020Q1 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
30337000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
7477000 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
7477000 USD
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
544000 USD
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
6933000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
626000 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
626000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
544000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
82000 USD
CY2020Q1 sbra Financing Receivable Principal Amount
FinancingReceivablePrincipalAmount
67545000 USD
CY2019Q4 sbra Financing Receivable Principal Amount
FinancingReceivablePrincipalAmount
67527000 USD
CY2020Q1 sbra Preferred Equity Investment Face Value
PreferredEquityInvestmentFaceValue
25793000 USD
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
610955 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q4 sbra Preferred Equity Investment Face Value
PreferredEquityInvestmentFaceValue
43893000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
900000 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1300000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35217000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-77704000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
205395330 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
178385984 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
206006285 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
178385984 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.44
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.44

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