Sila Realty Trust Q1 revenue rises, net income up

Sila Realty Trust

07/05/2026 22:39

Overview

US healthcare REIT's Q1 revenue rose yr/yr, net income increased to $12.4 mln

AFFO for Q1 grew to $33.5 mln, or $0.61 per diluted share

Company to be acquired in $2.4 bln all-cash merger, expected to close by Q3 2026

Outlook

Company expects merger with Blue Owl Real Estate Capital affiliates to close in Q2 or Q3 2026

Company authorized a quarterly cash dividend of $0.40 per share payable June 4, 2026

Company will become private and shares will be delisted from NYSE upon merger completion

Result Drivers

ACQUISITIONS - Cash NOI growth was primarily driven by the acquisition of an inpatient rehabilitation facility in Oklahoma City and cash proceeds from a tenant for development costs

OPERATING COSTS - Lower operating costs at the Stoughton Healthcare Facility contributed to improved Cash NOI

DISPOSITIONS - Growth in Cash NOI was partially offset by the sale of healthcare facilities during the quarter

Company press release: ID:nBw8FTHHPa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$52.7 mln
$50.23 mln (2 Analysts)
Q1 EPS
$0.22


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Sila Realty Trust Inc is $30.00, about 1.9% below its May 7 closing price of $30.58

The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 28 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)