TAMPA, Fla.--(BUSINESS WIRE)--Sila Realty Trust Completes $35.12 Million Acquisition of Knoxville Inpatient Rehabilitation Facility.
Sila Realty Trust, Inc. (NYSE:SILA ) Q4 2024 Earnings Conference Call February 26, 2025 11:00 AM ET Company Participants Miles Callahan - Senior Vice President, Capital Markets and IR Michael Seton - President and CEO Kay Neely - Executive Vice President and CFO Chris Flouhouse - Executive Vice President and CIO Conference Call Participants Nate Crossett - BNP Paribas Rob Stevenson - Janney Michael Lewis - Truist Securities Operator Good morning. And welcome to Sila Realty Trust's Fourth Quarter 2024 Earnings Conference Call and Webcast.
TAMPA, Fla.--(BUSINESS WIRE)--Sila Realty Trust Announces Fourth Quarter and Year Ended 2024 Earnings Release Date and Conference Call.
Sila Realty Trust, a healthcare-focused REIT, is well-positioned due to demographic trends, targeting growth markets, and maintaining low leverage, making it compelling at 10.9x FFO. Q3'24 results showed mixed performance with rental revenue up 5.9% YoY but missing estimates due to property dispositions and a tenant bankruptcy. Sila's strong balance sheet, with a 3.5x leverage ratio and 6.6x interest coverage, supports its $50 million share buyback plan and reduces refinancing risk.
Sila Realty Trust, a healthcare-focused REIT, shows strong fundamentals and growth potential despite being a newly public company with only six months of history. Q3 earnings revealed increased AFFO and NOI, a high lease renewal rate, and strategic acquisitions, highlighting the REIT's solid performance and growth trajectory. The REIT's low leverage, fixed-rate debt, and strong liquidity position provide flexibility for future investments and potential upside as interest rates decline.
Sila Realty Trust, Inc. reported Q3 results in line with expectations, with AFFO at $0.57/share, annualizing to $2.30/share. Positive: Sold two Genesis properties for $14.7M, bought a $28.4M rehab facility. Negative: Steward property lease fell through, losing $600k rent/quarter. Valuation remains attractive at 10.5x AFFO and a 9.5% cap rate, with a >7% dividend yield providing a cushion.
Sila Realty Trust, Inc. (NYSE:SILA ) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Miles Callahan - Senior Vice President of Capital Markets and Investor Relations Michael Seton - President and Chief Executive Officer Chris Flouhouse - Executive Vice President and Chief Investment Officer Kay Neely - Executive Vice President and Chief Financial Officer Conference Call Participants Nate Crossett - BNP Robert Stevenson - Janney Michael Lewis - Truist Securities Operator Good morning and welcome to Sila Realty Trust Third Quarter 2024 Earnings Conference Call and Webcast. [Operator Instructions] I will now turn the conference over to your host, Miles Callahan, Senior Vice President of Capital Markets and Investor Relations for Sila.
TAMPA, Fla.--(BUSINESS WIRE)--Sila Realty Trust Announces Third Quarter 2024 Results.
TAMPA, Fla.--(BUSINESS WIRE)--Sila Realty Trust, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call.
Shares of Sila Realty Trust Inc SILA gained on Monday following a positive analyst outlook, which highlighted optimism about the stock's potential.