Sabra Health Care REIT : 3Q22 Supplemental Data

Exhibit 99.2

CONTENT

1. COMPANY INFORMATION
2. OVERVIEW

05 PORTFOLIO

Triple-Net Portfolio

Same Store Triple-Net Portfolio

Top 10 Relationships

Senior Housing - Managed Consolidated Portfolio

Senior Housing - Managed Unconsolidated Portfolio

Loans and Other Investments

NOI Concentrations

Geographic Concentrations - Consolidated Portfolio

Triple-Net Lease Expirations

15 INVESTMENT ACTIVITY

Summary

16 CAPITALIZATION

Overview

Indebtedness

Debt Maturity

Credit Metrics and Ratings

20 FINANCIAL INFORMATION

Consolidated Financial Statements - Statements of (Loss) Income 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)

26 APPENDIX

Disclaimer

Reporting Definitions

Discussion and Reconciliation of Certain Non-GAAP Financial Measures:

https://ir.sabrahealth.com/investors/financials/quarterly-results

2

SABRA 3Q 2022 SUPPLEMENTAL INFORMATION

September 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 3Q 2022 SUPPLEMENTAL INFORMATION

September 30, 2022

OVERVIEW

Financial Metrics

Dollars in thousands, except per share data		September 30, 2022
Revenues		Three Months Ended			Nine Months Ended
$	140,764	$	459,826
Net operating income		103,099			353,766
Cash net operating income		115,563			357,121
Diluted per share data:
EPS	$	(0.22)	$	0.03
FFO		0.28			1.03
Normalized FFO		0.36			1.12
AFFO		0.34			1.09
Normalized AFFO		0.35			1.11
Dividends per common share		0.30			0.90

Capitalization and Market Facts

Common shares outstanding	September 30, 2022
231.0 million
Common equity Market Capitalization	$3.0 billion
Consolidated Debt	$2.5 billion
Consolidated Enterprise Value	$5.5 billion
Common stock closing price	$13.12
Common stock 52-week range	$11.44 - $16.60
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

September 30, 2022

5.50x

4.71x

4.61x

35 %

1 %

276 %

Portfolio (2)

Dollars in thousands								Occupancy
As of September 30, 2022	Property Count			Investment		Beds/Units
				Percentage (3)
Investment in Real Estate Properties, gross
Triple-Net Portfolio:
Skilled Nursing / Transitional Care	270	$	3,438,590	30,205	72.9 %
Senior Housing - Leased	52			673,346	3,822	81.8
Behavioral Health	16			447,427	965	83.1
Specialty Hospitals and Other	15			225,443		392	79.7
Total Triple-Net Portfolio	353			4,784,806	35,384			(6)
Senior Housing - Managed	54			1,115,965		5,669	80.8
Consolidated Real Estate Investments	407			5,900,771	41,053
Unconsolidated Joint Venture Senior Housing -
Managed	12			131,577		1,234	85.5
Total Equity Investments	419			6,032,348	42,287
Investment in Sales-Type Lease, net	1			25,431
Investments in Loans Receivable, gross (4)	15			341,617
Preferred Equity Investments, gross (5)	7			48,742		Includes 72 relationships in 41 U.S.
Total Investments	442		$	6,448,138		states and Canada

1. See page 19 of this supplement for important information about these credit metrics.
2. Excludes (i) one real estate property 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 five Senior Housing developments with 697 aggregate units and one Skilled Nursing/Transitional Care development with 120 beds.
6. Reflects Occupancy Percentage of 79.7% and 81.2% for assisted living and independent living communities in our Senior Housing - Managed portfolio, respectively.

4

SABRA 3Q 2022 SUPPLEMENTAL INFORMATION

September 30, 2022

PORTFOLIO

Triple-Net Portfolio (1)

Triple-Net Portfolio

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

Number of Properties		270		52		16		15		353
Number of Beds/Units		30,205		3,822		965		392		35,384
Investment	$	3,438,590	$	673,346	$	447,427	$	225,443	$	4,784,806

EBITDARM Coverage (2)

	3Q 2021		4Q 2021		1Q 2022		2Q 2022		3Q 2022
Skilled Nursing/Transitional Care	1.78x		1.77x		1.80x		1.80x		1.83x
Senior Housing - Leased	1.09x		1.04x		1.02x		1.09x		1.13x
Behavioral Health	2.11x		2.06x		1.98x		1.83x		1.72x
Specialty Hospitals and Other	7.42x		7.52x		7.52x		7.07x		7.30x

Operating Statistics (2)

Dollars in thousands
		3Q 2021			4Q 2021			1Q 2022			2Q 2022			3Q 2022
Skilled Nursing/Transitional Care
Number of Properties		282			279			279			272			270
Number of Beds		31,245			30,920			30,920			30,251			30,205
Cash NOI	$	74,640	$	71,726	$	75,500	$	70,399	$	68,120
Occupancy		71.1 %			71.4 %			71.8 %			72.8 %			72.9 %
Skilled Mix		40.1 %			39.8 %			38.2 %			37.8 %			33.9 %
Senior Housing - Leased
Number of Properties		61			60			59			55			52
Number of Units		4,079			4,099			4,072			3,965			3,822
Cash NOI	$	12,412	$	12,097	$	11,578	$	10,673	$	10,166
Occupancy		78.1 %			78.1 %			78.5 %			79.7 %			81.8 %
Behavioral Health
Number of Properties		13			13			13			14			16
Number of Beds (3)		795			795			795			795			965
Cash NOI	$	9,416	$	9,522	$	8,889	$	9,229	$	9,397
Occupancy		84.5 %			84.2 %			84.6 %			83.3 %			83.1 %
Specialty Hospitals and Other
Number of Properties		16			15			15			15			15
Number of Beds		433			392			392			392			392
Cash NOI	$	4,589	$	4,560	$	4,456	$	4,452	$	4,464
Occupancy		79.9 %			80.6 %			80.5 %			80.0 %			79.7 %

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 June 30, 2022. 3Q 2022 Operating Statistics exclude our North American Health Care portfolio due to the pending transition to Ensign (20 real estate properties) and Avamere (four real estate properties). Including our North American Health Care portfolio, Skilled Nursing/Transitional Care Occupancy Percentage and Skilled Mix for 3Q 2022 would have been 73.5% and 37.6%, respectively.
3. 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 3Q 2022 SUPPLEMENTAL INFORMATION

September 30, 2022