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Sila Realty Trust, Inc. (SILA)
NYSE:SILA
RESEARCH TOOLSreports
Earnings Data
Report Date
May 09, 2025TBA Not Confirmed
Period Ending
2025 (Q1)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:Feb 25, 2025
|% Change Since: 3.76%
|Next Earnings Date:May 09, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with significant lease renewals, successful NYSE listing, and strategic financial maneuvers like credit line recasting and mezzanine loans. However, it also highlighted challenges such as a decrease in cash NOI, tenant bankruptcies, and increased interest rates on new swaps. The overall sentiment is positive due to the outweighing highlights and strategic advancements.Company Guidance
During the fourth quarter of 2024, Sila Realty Trust, Inc. showcased significant progress, including executing over one million square feet of lease renewals and extensions, notably with their largest tenant, Post Acute Medical. The company reported a GAAP net income of $42.7 million, up from $24 million in 2023, while cash NOI for the year decreased by 3.6% to $168.6 million, largely due to timing of net investment activities and lease amendments. Sila Realty Trust increased their revolving credit facility by $100 million to $600 million, reflecting strong lender confidence. Tenant credit metrics improved, with the overall portfolio EBITDARM coverage ratio rising to 5.3 times, and exposure to investment-grade tenants increased to 66.9%. Looking ahead, they anticipate enterprise growth of 7.5% to 15% per annum and plan to leverage their $600 million credit facility to pursue accretive acquisitions, aiming for a long-term net debt to EBITDAre ratio of 4.5 to 5.5 times.Strong Lease Renewals and Extensions
Executed over one million square feet of lease renewals and extensions, including a significant long-term extension with the largest tenant, Post Acute Medical.
Successful NYSE Listing and Outperformance
Listed on the NYSE and outperformed the S&P and RMZ on a total return basis from listing date in June 2024 to year-end.
Recast of Revolving Line of Credit
Increased total aggregate commitments by $100 million to $600 million, with commitments oversubscribed by 70%.
Mezzanine Loan Opportunities
Executed two mezzanine loans for the development of healthcare facilities, including options to purchase upon completion with expected mid-teens returns.
Improved Tenant Financial Health
Improved EBITDARM coverage ratios, with only three tenants at two properties below 1.0 times coverage.
Increased Institutional Shareholder Base
Increased institutional diversification and trading volumes following the addition to several indices.
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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 |
|---|---|---|---|
| Feb 25, 2025 | $24.50 | $24.49 | -0.04% |
| 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% |
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 May 09, 2025, TBA Not Confirmed.
What is Sila Realty Trust, Inc. (SILA) earnings time?
Sila Realty Trust, Inc. (SILA) earnings time is at May 09, 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 2025 (Q1) is 0.23.
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