Richard Matros on portfolio diversification
From Sabra Health Care's CEO Discusses Growth and Future Prospects · · Nareit1
“People will say well you've been reducing your exposure to Skilled Nursing; does that mean you don't want to buy more skilled nursing? No, we do. We just wanted to be a little more diversified and not just be classified as a SNF REIT.”
On , Richard Matros, Chairman, President & Chief Executive Officer at SABRA HEALTH CARE REIT INC, spoke about portfolio diversification during Sabra Health Care's CEO Discusses Growth and Future Prospects on Nareit1.
About Richard Matros
Richard Matros, chairman and CEO of Sabra Health Care REIT, said in a September 2024 interview that the company is focused on earnings growth and is prepared to expand across all its current asset classes, including skilled nursing. He noted that the company’s skilled nursing margins have returned to pre-pandemic levels and that operators are "upbeat for the first time in four years." Matros stated that Sabra issued guidance for the first time since the pandemic and is showing earnings growth for the first time in that period, adding that there is "a really nice runway to growth both in SHOP and in skilled nursing" and that the company is now looking at acquisitions. Matros has also spoken about his personal background and philanthropic activities. In a March 2024 podcast, he discussed his involvement with IsraAID US and other nonprofit organizations, as well as his work with Healing Ink, a project that brings tattoo artists to Israel to work with survivors of terror attacks and veterans. In earlier interviews, Matros described his career path from an activity director in a nursing home to leading a REIT, and emphasized the importance of surrounding oneself with smart people, encouraging creative thinking, and maintaining a flat organizational structure. He has also advocated for greater recognition and support for skilled nursing facilities and their staff, particularly during the pandemic.