SHARPE
Reported results
- Total consolidated revenue for the third quarter of 2026 decreased by 3% to $156.2 million from $161.1 million for the third quarter of 2025.
- Net income attributable to the Company for the third quarter of 2026 decreased by 5% to $36.9 million, or $0.65 per share, from $38.7 million, or $0.67 per share, for the third quarter of 2025.
- Operating income for the third quarter of 2026 increased by 16% to $61.5 million from $52.9 million for the third quarter of 2025.
- EBITDA, a non-GAAP financial measure, for the three months ended September 30, 2026, decreased by 7% to $64.1 million compared to $68.8 million for the three months ended September 30, 2025.
- Real estate revenue for the third quarter of 2026 decreased by 9% to $76.1 million compared to $83.8 million for the third quarter of 2025.
- Hospitality revenue for the third quarter of 2026 increased by 9% to $66.0 million compared to $60.6 million for the third quarter of 2025.
Notes
Period-over-period comparability was impacted by the sale of the Watercrest joint venture senior living community property in the third quarter of 2025, which contributed $41.0 million of real estate revenue and $19.4 million in gross profit.
Price and volatility reaction
The stock moved +5.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -3.2 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 68.13 | 2026-10-28 |
| Close after release | 71.8 | 2026-10-29 |
| Realised move | +5.4% | close to close |
| 30d ATM IV change | -3.2 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-28 (8-K, Item 2.02). Read the original filing on sec.gov.