Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Q1 2024 Earnings Call Transcript

Michael Stroyeck: Got it. Okay. And then maybe just one more on the SHOP portfolio. How much labor vacancy is there in that portfolio? Or maybe said differently, is there still quite a bit of staffing in terms of headcount needed in order to be able to achieve the occupancy upside there?

Talya Nevo-Hacohen: I think the answer is no. I think that the opportunity to actually hire labor full time reduce over time and agency and it’s been very important and has been very actionable. So I would say that based on what I’ve seen, our operators are already in 80% to 90% occupancy of the range on stabilized assets. And so your and they’re all positioned to take advantage of operating leverage and alluding to a rate just then because they’ve staffed up to actually be able to sell.

Michael Costa: So no one’s holding back on admissions because of labor issues in the SHOP portfolio.

Michael Stroyeck: Okay. Great. Thanks for the time.

Operator: [Operator Instructions] There are no further questions at this time. I turn the call back over to Rick Matros.

Rick Matros: Thank you all for joining us. We’re always here available for additional conversations. If you were to talk offline. And in the meantime, hope you’ll have a good day. Thank you.

Operator: This concludes today’s conference call. You may now disconnect.