Sila Realty Trust reports Q3 AFFO 56c, consensus 54c

Reports Q3 revenue $49.85M, two estimates $49.73M. “I am pleased with our third quarter results which continue to exemplify our unwavering discipline in capital deployment to the net lease healthcare real estate space,” stated Michael A. Seton, President and Chief Executive Officer of the Company. “We delivered quarterly cash NOI growth, enhanced by the addition of two medical outpatient buildings and two inpatient rehabilitation facilities during the third quarter, located in the demographically growing markets of Texas and Arizona. Each of the four assets fit strategically within our 140-property portfolio as they are leased to high quality, proven operators, demonstrating strong rent coverage ratios, and are subject to long-term net leases, which, in the aggregate, extend the already long weighted average remaining lease term of Sila‘s portfolio. In addition to our skillful and thoughtful investing, we believe that rigorous management of our portfolio of assets and prudent management of our balance sheet will continue to allow us to navigate any market backdrop and deliver long-term value to our shareholders.”