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Sila Realty Trust, Inc. (SILA)
NYSE:SILA
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Earnings Data
Report Date
Apr 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.23Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 14, 2021
|% Change Since: -2.81%
|Next Earnings Date:Aug 14, 2020
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced performance for Sila Realty Trust. While there are notable positive developments in acquisitions, financial stability, and strategic growth, challenges persist with certain property dispositions and a year-over-year decline in cash NOI. The company remains in a strong financial position, providing a solid foundation for future growth.Company Guidance
During the third quarter of 2024, Sila Realty Trust reported cash NOI of $40.8 million and AFFO of $31.7 million, or $0.57 per diluted share, marking an increase from the previous quarter's $39.9 million cash NOI and $30.8 million AFFO. The company's portfolio comprised 136 properties across 65 markets, primarily in the southern U.S., with a total acquisition volume and development loan investments exceeding $181 million. Sila completed a significant acquisition of an inpatient rehabilitation facility in Arkansas for $28.4 million and initiated two mezzanine loans for developments in Virginia. The REIT maintained a strong balance sheet with a leverage ratio of 3.5 times EBITDAre and liquidity of approximately $528.6 million. They also executed a $50 million share repurchase at $22.60 per share and announced a shift to quarterly dividends starting in 2025.Increased Cash NOI and AFFO
Reported cash NOI of $40.8 million, an increase from $39.9 million in Q2 2024, and an AFFO of $31.7 million, up from $30.8 million in the previous quarter.
Strategic Acquisitions and Developments
Acquired an inpatient rehabilitation facility for $28.4 million and closed on two mezzanine loans for future developments, expanding the portfolio with over $181 million in acquisitions and development loans.
Strong Portfolio and Lease Renewals
Achieved a 97% renewal rate on approximately 134,000 square feet and maintained a weighted average remaining lease term of 8.3 years.
Robust Financial Position
Maintained a conservative leverage ratio of 3.5 times EBITDAre and had cash, cash equivalents, and availability of approximately $528.6 million.
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SILA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SILA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $24.55 | $24.19 | -1.47% |
| Aug 06, 2024 | $23.20 | $21.88 | -5.69% |
| May 08, 2024 | $16.95 | $16.95 | 0.00% |
| Mar 06, 2024 | $18.19 | $19.35 | +6.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sila Realty Trust, Inc. (SILA) report earnings?
Sila Realty Trust, Inc. (SILA) is schdueled to report earning on Apr 04, 2025, TBA Not Confirmed.
What is Sila Realty Trust, Inc. (SILA) earnings time?
Sila Realty Trust, Inc. (SILA) earnings time is at Apr 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SILA EPS forecast?
SILA EPS forecast for the fiscal quarter 2024 (Q4) is 0.23.
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