earnings
confidence high
sentiment positive
materiality 0.55
Sila Realty Trust Q4 2023: rental revenue $45.9M (+5%), net loss narrows 74%, AFFO +6%
Sila Realty Trust, Inc.
- Q4 rental revenue $45.9M (+5% YoY); AFFO $32.7M (+6%). Full year revenue $189.1M (+5%).
- Net loss attributable to common stockholders $9.0M, narrowed 74% from Q4 2022; full year net income $24.0M (+401%).
- Same store cash NOI $38.4M (+2%) for Q4; $142.0M (+1%) for full year.
- Sold largest acute care hospital to tenant exercising purchase option; paid down all variable rate debt.
- CEO reaffirms goal of public market listing conditioned on market opportunity.