Sila Realty Trust Inc Stock Price, News & Analysis

Sila Realty Trust (NYSE: SILA) reported Q3 2024 results with net income of $11.9 million ($0.21 per diluted share) and Cash NOI of $40.8 million. The REIT acquired a $28.4 million inpatient rehabilitation facility in Arkansas and sold Fort Myers Healthcare Facilities for $15.5 million. The company completed a $50 million modified Dutch Auction tender offer and maintains strong liquidity of $528.6 million. The portfolio consists of 136 properties with 95.5% occupancy and an 8.3-year weighted average remaining lease term. Monthly cash distributions of $0.1333 per share were declared, with plans to shift to quarterly distributions in 2025.

Sila Realty Trust (NYSE: SILA) has announced its schedule for releasing third quarter 2024 financial results. The company will issue its report on Tuesday, November 12, 2024, before the market opens. Following the release, Sila will host a conference call and audio webcast with analysts at 11:00 a.m. ET on the same day to discuss the results and answer questions.

Investors and interested parties can access the live and archived webcast through the Events page of Sila's Investor Relations website or via a direct link provided. The archived webcast will remain available for 12 months after the call, allowing for extended access to the discussion of the company's financial performance.

Sila Realty Trust, Inc. (NYSE: SILA), a net lease REIT based in Tampa, Florida, has provided an update following Hurricanes Helene and Milton. The company reports that all employees are safe, and its corporate office and properties in Florida and Georgia are fully operational. Michael A. Seton, President and CEO, stated that the region experienced record rain, flooding, and severe winds. The company's headquarters at 1001 Water Street in Tampa sustained no damage and has reopened.

Sila's internal Property Management team has been in contact with tenants in affected areas and has visited some properties. Current assessments indicate no material damage to the company's properties, although there is minor damage that will be addressed. The company is working to restore normalcy in collaboration with the community and the state of Florida.

Sila Realty Trust (NYSE: SILA), a healthcare-focused net lease REIT, reported its Q2 2024 results. Key highlights include:

- NYSE listing on June 13, 2024
- Net income of $4.6 million ($0.08 per diluted share)
- Cash NOI of $39.9 million
- AFFO of $30.8 million ($0.54 per diluted share)
- Declared monthly dividends of $0.1333 per share
- Acquired a $10.8 million medical outpatient building in Pennsylvania

The company's portfolio consists of 137 properties spanning 5.3 million rentable square feet, with a 97.5% weighted average leased rate and 8.2 years weighted average remaining lease term. Sila's strong balance sheet includes $587 million in liquidity and a 26.4% net debt to enterprise value ratio.

Sila Realty Trust (NYSE: SILA), a net lease REIT focused on the healthcare sector, has acquired an inpatient rehabilitation facility in Fort Smith, Arkansas for $28.25 million. The 50-bed facility, built in 2021, spans approximately 62,500 square feet and is fully leased to Mercy Rehabilitation Hospital, a joint venture between Mercy Hospital Fort Smith and Lifepoint Health. This acquisition is part of Sila's larger strategy, which has included purchasing eight Class A healthcare properties in 2024 for a total of about $164 million. The company aims to deliver long-term growth and value to investors by acquiring institutional-quality healthcare facilities operated by strong tenants.

Sila Realty Trust (NYSE: SILA), a healthcare-focused net lease REIT, has completed its modified 'Dutch Auction' tender offer. The company accepted 2,212,389 shares at $22.60 per share, totaling approximately $50 million. This represents about 3.9% of outstanding shares as of July 19, 2024. Due to oversubscription, Sila accepted roughly 42% of properly tendered shares on a pro rata basis. After the offer, Sila has approximately 55.0 million shares outstanding. Payment for accepted shares occurred on July 23, 2024. Wells Fargo Securities acted as advisor for Sila's NYSE listing on June 13, 2024, and as dealer manager for the offer. Georgeson served as the information agent.

Sila Realty Trust (NYSE: SILA) announced preliminary results of its modified 'Dutch Auction' tender offer to purchase up to $50 million in common stock. Based on initial reports, approximately 4.7 million shares were validly tendered at the final purchase price of $22.60 per share. The company expects to purchase about 2.2 million shares, representing 3.9% of outstanding shares, for an aggregate cost of approximately $50 million. Due to oversubscription, Sila will accept for purchase on a pro rata basis about 42% of tendered shares. Post-offer, Sila anticipates having approximately 55.0 million shares outstanding. Final results are pending confirmation by the depositary.

Sila Realty Trust (NYSE: SILA), a net lease REIT focused on the healthcare sector, has announced its plans to release second quarter 2024 financial results on Tuesday, August 6, 2024, after market close. The company will host a conference call and audio webcast with analysts on Wednesday, August 7, at 11:00 a.m. ET to discuss the results and answer questions.

Investors can access the live and archived webcast on Sila's Investor Relations website or through a direct link. The archived webcast will be available for 12 months following the call, providing extended access to the financial discussion for stakeholders and interested parties.

Sila Realty Trust, Inc. (NYSE: SILA) has amended its Offer to Purchase, initially filed on June 13, 2024, to remove disclosures about potential risks related to ownership limitations in the company's charter. The amendment, made on July 15, 2024, clarifies that it is mathematically impossible for any stockholder to exceed the 9.8% beneficial or constructive ownership limitations due to the Offer.

This conclusion is based on the assumption that stockholders have complied with SEC filing requirements for beneficial ownership reporting. No stockholder has filed a Schedule 13D or 13G reporting ownership over 5.0% of SILA's common stock. Even in a hypothetical scenario where a stockholder owned 5.0% before the Offer and did not participate, their ownership would only increase to 5.2% post-Offer, well below the 9.8% limit.