Sila Realty Trust Q1 2024: Net income $15M, AFFO +12%, $125M acquisitions

Sila Realty Trust, Inc.

2024-Q1 EPS reported $0.26 revenue$50,639,000

Rental revenue $50.6M (+2% YoY); net income attributable $15.0M (+5%).
AFFO $38.3M (+12% YoY); same-store cash NOI $39.8M (+8%).
Acquired six healthcare real estate assets for ~$125M in Q1.
Closed new $250M term loan, extending debt maturities; low leverage maintained.
Announced pursuit of NYSE listing to provide liquidity and access to capital.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Sila Realty Trust, Inc. reported quarter ended March 31, 2024 results: revenue $50.6 million, net income $15.0 million.

Period: quarter ended March 31, 2024
Revenue: $50.6 million
Net income: $15.0 million
Result: reported results

Exact text from the filing

adjusted to reflect the one-for-four reverse stock split which occurred on May 1, 2024. Highlights of the Quarter Ended March 31, 2024 vs. March 31, 2023 • Rental revenue was $50.6 million, an increase of 2%. • Net income attributable to common stockholders was $15.0 million, an increase of 5%. • Funds from operations, or FFO*, was $33.8 million, an increase of 2%.

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Source: SEC EDGAR

accession 0001567925-24-000033

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