Sabra Health Care REIT : 2Q22 Supplemental Data

Exhibit 99.2

CONTENT

1. COMPANY INFORMATION
2. OVERVIEW

05 PORTFOLIO

Triple-Net Portfolio

Same Store Triple-Net Portfolio

Top 10 Relationships

Medicaid Trends

Senior Housing - Managed Consolidated Portfolio

Senior Housing - Managed Unconsolidated Portfolio

Loans and Other Investments | Development Pipeline

NOI Concentrations

Geographic Concentrations - Consolidated Portfolio

Triple-Net Lease Expirations

16 INVESTMENT ACTIVITY

Summary

Recent

18 CAPITALIZATION

Overview

Indebtedness

Debt Maturity

Credit Metrics and Ratings

22 FINANCIAL INFORMATION

Consolidated Financial Statements - Statements of Income (Loss)

Consolidated Financial Statements - Balance Sheets

Consolidated Financial Statements - Statements of Cash Flows

FFO, Normalized FFO, AFFO and Normalized AFFO

Components of Net Asset Value (NAV)

28 APPENDIX

Disclaimer

Reporting Definitions

Discussion and Reconciliation of Certain Non-GAAP Financial Measures: https://ir.sabrahealth.com/investors/financials/quarterly-results

2

SABRA 2Q 2022 SUPPLEMENTAL INFORMATION

June 30, 2022

COMPANY INFORMATION

SENIOR MANAGEMENT

Rick Matros	Michael Costa	Talya Nevo-Hacohen
Chief Executive Officer, President	Chief Financial Officer, Secretary	Chief Investment Officer, Treasurer
and Chair	and Executive Vice President	and Executive Vice President

BOARD OF DIRECTORS

Rick Matros	Michael Foster	Jeffrey Malehorn
Chief Executive Officer, President	Lead Independent Director	Director
and Chair
Craig Barbarosh	Lynne Katzmann	Clifton Porter II
Director	Director	Director
Katie Cusack	Ann Kono
Director	Director

CONTACT INFORMATION

Sabra Health Care REIT, Inc.	Transfer Agent
18500 Von Karman Avenue	American Stock Transfer
Suite 550	and Trust Company
Irvine, CA 92612	6201 15th Avenue
888.393.8248	Brooklyn, NY 11219
sabrahealth.com

3

SABRA 2Q 2022 SUPPLEMENTAL INFORMATION

June 30, 2022

OVERVIEW

Financial Metrics

Dollars in thousands, except per share data		June 30, 2022
Revenues		Three Months Ended			Six Months Ended
$	155,957	$	319,062
Net operating income		122,134			250,666
Cash net operating income		118,024			241,557
Diluted per share data:
EPS	$	0.07	$	0.25
FFO		0.36			0.75
Normalized FFO		0.39			0.77
AFFO		0.36			0.75
Normalized AFFO		0.38			0.76
Dividends per common share		0.30			0.60

Capitalization and Market Facts

Common shares outstanding	June 30, 2022
231.0 million
Common equity Market Capitalization	$3.2 billion
Consolidated Debt	$2.5 billion
Consolidated Enterprise Value	$5.7 billion
Common stock closing price	$13.97
Common stock 52-week range	$11.44 - $19.02
Common stock ticker symbol	SBRA

Key Credit Metrics (1)

Net Debt to Adjusted EBITDA Interest Coverage

Fixed Charge Coverage Ratio Total Debt/Asset Value Secured Debt/Asset Value Unencumbered Assets/Unsecured Debt

June 30, 2022

5.44x

4.81x

4.70x

35 %

1 %

276 %

Portfolio (2)

Dollars in thousands								Occupancy
As of June 30, 2022	Property Count			Investment		Beds/Units
				Percentage (3)
Investment in Real Estate Properties, gross
Triple-Net Portfolio:
Skilled Nursing / Transitional Care	272	$	3,560,595	30,251	72.8 %
Senior Housing - Leased	55			693,341	3,965	79.7
Behavioral Health	14			420,880	795	83.3
Specialty Hospitals and Other	15			225,443		392	80.0
Total Triple-Net Portfolio	356			4,900,259	35,403			(6)
Senior Housing - Managed	50			1,041,558		5,266	80.0
Consolidated Real Estate Investments	406			5,941,817	40,669
Unconsolidated Joint Venture Senior Housing -
Managed	12			140,100		1,234	84.9
Total Equity Investments	418			6,081,917	41,903
Investment in Sales-Type Lease, net	1			25,370
Investments in Loans Receivable, gross (4)	14			337,350
Preferred Equity Investments, gross (5)	8			58,073		Includes 75 relationships in 41 U.S.
Total Investments	441		$	6,502,710		states and Canada

1. See page 22 of this supplement for important information about these credit metrics.
2. Excludes (i) three real estate properties held for sale as of the end of the current period and (ii) our unconsolidated joint venture with Enlivant which consists of 157 facilities and 6,996 units.
3. Occupancy Percentage is presented for the trailing twelve month period and one quarter in arrears, except for our Senior Housing - Managed portfolio, which is presented for the current period on a trailing three month basis.
4. Our loans receivable investments include one investment which has a right of first offer on six addiction treatment centers with 928 beds
5. Our preferred equity investments include investments in entities owning six Senior Housing developments with 866 aggregate units and one Skilled Nursing/Transitional Care development with 120 beds.
6. Reflects Occupancy Percentage of 80.3% and 79.9% for assisted living and independent living communities in our Senior Housing - Managed portfolio, respectively.

4

SABRA 2Q 2022 SUPPLEMENTAL INFORMATION

June 30, 2022

PORTFOLIO

Triple-Net Portfolio (1)

Triple-Net Portfolio

Dollars in thousands
As of June 30, 2022	Skilled Nursing/	Senior Housing -	Behavioral	Specialty Hospitals	Total
	Transitional Care	Leased	Health	and Other

Number of Properties		272		55		14		15		356
Number of Beds/Units		30,251		3,965		795		392		35,403
Investment	$	3,560,595	$	693,341	$	420,880	$	225,443	$	4,900,259

EBITDARM Coverage (2)

	2Q 2021		3Q 2021		4Q 2021		1Q 2022		2Q 2022
Skilled Nursing/Transitional Care	1.99x		1.78x		1.77x		1.80x		1.80x
Senior Housing - Leased	1.12x		1.09x		1.04x		1.02x		1.09x
Behavioral Health	1.99x		2.11x		2.06x		1.98x		1.83x
Specialty Hospitals and Other	7.35x		7.42x		7.52x		7.52x		7.07x

Pro Forma EBITDARM Coverage (2)(3)

	2Q 2021		3Q 2021		4Q 2021		1Q 2022		2Q 2022
Skilled Nursing/Transitional Care	2.09x		1.87x		1.86x		1.87x		1.88x

Operating Statistics (2)

Dollars in thousands
		2Q 2021			3Q 2021			4Q 2021			1Q 2022			2Q 2022
Skilled Nursing/Transitional Care
Number of Properties		283			282			279			279			272
Number of Beds		31,321			31,245			30,920			30,920			30,251
Cash NOI	$	74,387	$	74,640	$	71,726	$	75,500	$	70,399
Occupancy		72.0 %			71.1 %			71.4 %			71.8 %			72.8 %
Skilled Mix		40.0 %			40.1 %			39.8 %			38.2 %			37.8 %
Senior Housing - Leased
Number of Properties		62			61			60			59			55
Number of Units		4,147			4,079			4,099			4,072			3,965
Cash NOI	$	12,561	$	12,412	$	12,097	$	11,578	$	10,673
Occupancy		78.5 %			78.1 %			78.1 %			78.5 %			79.7 %
Behavioral Health
Number of Properties		13			13			13			13			14
Number of Beds (4)		795			795			795			795			795
Cash NOI	$	9,359	$	9,416	$	9,522	$	8,889	$	9,229
Occupancy		82.7 %			84.5 %			84.2 %			84.6 %			83.3 %
Specialty Hospitals and Other
Number of Properties		16			16			15			15			15
Number of Beds		433			433			392			392			392
Cash NOI	$	4,587	$	4,589	$	4,560	$	4,456	$	4,452
Occupancy		80.1 %			79.9 %			80.6 %			80.5 %			80.0 %

1. All metrics, except Cash NOI, exclude properties held for sale as of the end of the respective period.
2. Occupancy Percentage and Skilled Mix (together, "Operating Statistics") and EBITDARM Coverage for each period presented include only Stabilized Facilities owned by the Company as of the end of such period and only for the duration such facilities were owned by the Company and classified as Stabilized Facilities. In addition, EBITDARM Coverage and Operating Statistics are presented for the twelve months ended at the end of the respective period and one quarter in arrears, and therefore, EBITDARM Coverage and Operating Statistics exclude assets acquired after March 31, 2022.
3. Effective February 1, 2022, Avamere's annual base rent on the current portfolio has been reduced to $30.7 million from $44.1 million. Pro forma EBITDARM Coverage illustrates the impact of this rent reduction on our historical trailing twelve-month EBITDARM Coverages for Avamere and our Skilled Nursing/Transitional Care portfolio.
4. 2Q 2022 includes one facility transitioned to Behavioral Health during the period with zero beds as it is currently under construction. The property is expected to have 60 beds upon completion of construction.

5

SABRA 2Q 2022 SUPPLEMENTAL INFORMATION

June 30, 2022