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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and Sabra Health Care REIT, Inc. (SBRA). Click either name above to swap in a different company.

Sabra Health Care REIT, Inc. is the larger business by last-quarter revenue ($211.9M vs $194.8M, roughly 1.1× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 12.8%, a 63.1% gap on every dollar of revenue. On growth, Sabra Health Care REIT, Inc. posted the faster year-over-year revenue change (16.2% vs 10.0%). Over the past eight quarters, Sabra Health Care REIT, Inc.'s revenue compounded faster (12.7% CAGR vs 8.9%).

First Potomac Realty Trust was a real estate investment trust that invested in industrial properties and business parks in the suburbs of the Washington metropolitan area. In 2017, it was acquired by Government Properties Income Trust.

Sabra Health Care REIT, Inc. is a specialized real estate investment trust that owns, manages, and invests in a diverse portfolio of healthcare real estate assets. Its core holdings include senior housing facilities, skilled nursing centers, specialty hospital properties, and medical office buildings across the United States, serving key segments of the growing senior care and healthcare delivery markets.

FR vs SBRA — Head-to-Head

Bigger by revenue
SBRA
SBRA
1.1× larger
SBRA
$211.9M
$194.8M
FR
Growing faster (revenue YoY)
SBRA
SBRA
+6.2% gap
SBRA
16.2%
10.0%
FR
Higher net margin
FR
FR
63.1% more per $
FR
75.9%
12.8%
SBRA
Faster 2-yr revenue CAGR
SBRA
SBRA
Annualised
SBRA
12.7%
8.9%
FR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FR
FR
SBRA
SBRA
Revenue
$194.8M
$211.9M
Net Profit
$147.9M
$27.2M
Gross Margin
Operating Margin
12.3%
Net Margin
75.9%
12.8%
Revenue YoY
10.0%
16.2%
Net Profit YoY
179.7%
-41.7%
EPS (diluted)
$1.08
$0.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FR
FR
SBRA
SBRA
Q1 26
$194.8M
Q4 25
$188.4M
$211.9M
Q3 25
$181.4M
$190.0M
Q2 25
$180.2M
$189.2M
Q1 25
$177.1M
$183.5M
Q4 24
$175.6M
$182.3M
Q3 24
$167.6M
$178.0M
Q2 24
$164.1M
$176.1M
Net Profit
FR
FR
SBRA
SBRA
Q1 26
$147.9M
Q4 25
$78.8M
$27.2M
Q3 25
$65.3M
$22.5M
Q2 25
$55.2M
$65.5M
Q1 25
$48.1M
$40.3M
Q4 24
$68.4M
$46.7M
Q3 24
$99.4M
$29.8M
Q2 24
$51.3M
$24.0M
Operating Margin
FR
FR
SBRA
SBRA
Q1 26
Q4 25
34.6%
12.3%
Q3 25
37.0%
11.4%
Q2 25
31.7%
34.5%
Q1 25
31.2%
22.1%
Q4 24
40.1%
25.9%
Q3 24
62.6%
16.5%
Q2 24
31.8%
13.8%
Net Margin
FR
FR
SBRA
SBRA
Q1 26
75.9%
Q4 25
41.8%
12.8%
Q3 25
36.0%
11.9%
Q2 25
30.6%
34.7%
Q1 25
27.2%
22.0%
Q4 24
39.0%
25.6%
Q3 24
59.3%
16.7%
Q2 24
31.3%
13.6%
EPS (diluted)
FR
FR
SBRA
SBRA
Q1 26
$1.08
Q4 25
$0.60
$0.11
Q3 25
$0.49
$0.09
Q2 25
$0.42
$0.27
Q1 25
$0.36
$0.17
Q4 24
$0.51
$0.20
Q3 24
$0.75
$0.13
Q2 24
$0.39
$0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FR
FR
SBRA
SBRA
Cash + ST InvestmentsLiquidity on hand
$71.5M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$2.9B
$2.8B
Total Assets
$5.8B
$5.5B
Debt / EquityLower = less leverage
0.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
SBRA
SBRA
Q1 26
Q4 25
$78.0M
$71.5M
Q3 25
$33.5M
$200.6M
Q2 25
$34.9M
$95.2M
Q1 25
$35.7M
$22.7M
Q4 24
$44.5M
$60.5M
Q3 24
$47.1M
$63.0M
Q2 24
$38.5M
$36.4M
Total Debt
FR
FR
SBRA
SBRA
Q1 26
Q4 25
$2.5B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.5B
Q2 24
$2.4B
Stockholders' Equity
FR
FR
SBRA
SBRA
Q1 26
$2.9B
Q4 25
$2.7B
$2.8B
Q3 25
$2.7B
$2.8B
Q2 25
$2.6B
$2.7B
Q1 25
$2.7B
$2.7B
Q4 24
$2.7B
$2.7B
Q3 24
$2.6B
$2.7B
Q2 24
$2.6B
$2.8B
Total Assets
FR
FR
SBRA
SBRA
Q1 26
$5.8B
Q4 25
$5.7B
$5.5B
Q3 25
$5.5B
$5.6B
Q2 25
$5.5B
$5.3B
Q1 25
$5.4B
$5.2B
Q4 24
$5.3B
$5.3B
Q3 24
$5.2B
$5.4B
Q2 24
$5.2B
$5.4B
Debt / Equity
FR
FR
SBRA
SBRA
Q1 26
Q4 25
0.90×
Q3 25
0.92×
Q2 25
0.91×
Q1 25
0.89×
Q4 24
0.88×
Q3 24
0.90×
Q2 24
0.89×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FR
FR
SBRA
SBRA
Operating Cash FlowLast quarter
$348.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
12.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
SBRA
SBRA
Q1 26
Q4 25
$461.3M
$348.6M
Q3 25
$124.6M
$100.0M
Q2 25
$126.1M
$81.0M
Q1 25
$88.6M
$80.3M
Q4 24
$352.5M
$310.5M
Q3 24
$105.5M
$97.7M
Q2 24
$107.7M
$80.1M
Cash Conversion
FR
FR
SBRA
SBRA
Q1 26
Q4 25
5.85×
12.80×
Q3 25
1.91×
4.44×
Q2 25
2.28×
1.24×
Q1 25
1.84×
1.99×
Q4 24
5.15×
6.65×
Q3 24
1.06×
3.28×
Q2 24
2.10×
3.34×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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