Sila Realty Trust, Inc. ( (SILA) ) has released its Q1 earnings. Here is a breakdown of the information Sila Realty Trust, Inc. presented to its investors.
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Sila Realty Trust, Inc., based in Tampa, Florida, is a net lease real estate investment trust specializing in the healthcare sector, focusing on high-quality healthcare facilities to generate stable income streams. In its first-quarter 2025 earnings report, Sila Realty Trust announced a net income of $7.1 million, or $0.13 per diluted share, and cash net operating income of $41.2 million. The company also reported adjusted funds from operations of $29.4 million, or $0.53 per diluted share, and declared a cash distribution of $0.40 per share for the quarter.
Key financial highlights include the acquisition of two inpatient rehabilitation facilities in Knoxville, Tennessee, and Dover, Delaware, for a combined $58.8 million. The company also entered a new $600 million senior unsecured revolving credit agreement, replacing a previous $500 million line of credit. Sila Realty Trust’s portfolio consists of 136 properties with a weighted average lease term of 9.7 years and a 96% occupancy rate, reflecting strong portfolio fundamentals.
Despite a decrease in net income and cash NOI compared to the previous year, primarily due to one-time fees received in 2024 and a property vacancy, Sila Realty Trust maintains a robust financial position with $598.5 million in liquidity and a net debt to EBITDAre ratio of 3.5x. The company’s strategic focus on healthcare real estate and its recent credit facility recast underscore its commitment to disciplined growth and financial stability.
Looking ahead, Sila Realty Trust’s management remains optimistic about achieving its 2025 objectives, emphasizing the quality of its recent acquisitions and the long-term durability of its cash flows. The company continues to focus on expanding its healthcare real estate portfolio in growing markets, aiming to capitalize on the evolving healthcare delivery landscape.