Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Q4 2023 Earnings Call Transcript

Connor Siversky: All right. Appreciate the color. I guess all roads lead to increasing occupancy in the years ahead. Thanks for the time.

Michael Costa: Yes. And remember before the pandemic, the industry, just based on demographics and the current — at that point, what was the current rate of decline in supply, which is obviously accelerated — the industry was projected to be effectively full 2025, 2026. And the pandemic has pushed that out, but nothing’s changed since there except that the number of closed facilities has actually increased, right? So yes, and effectively full is a little bit different for different buildings, but it’s sort of low to mid-90s.

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

Rick Matros: Thank you for joining us today. As usual, we’re all available for follow-up and for those that are going to be in Florida, we look forward to seeing everybody at the conference next week. Thank you.

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