Sila Realty Trust (SILA) Company Report

SILA reported rental revenue of $49,421 thousand and net income attributable to common stockholders of $11,609 thousand for Q3 2025.
For Q3 2025, diluted FFO per common share, Core FFO per common share, and AFFO per common share were all $0.56.
As of September 30, 2025, the company's net debt to EBITDAre ratio was 3.9x and its interest coverage ratio was 4.7x.
Total debt amounted to $676.0 million as of Q3 2025, with notable maturities including $250 million in 2025 and $275 million in 2026.
The largest tenant, PAM Health, accounts for 15.1% of revenue, and 39.5% of tenants/guarantors are investment grade rated.

Nov 5, 2025, 4:00 PM

Sila Realty Trust Reports Q3 2025 Financial Results and Strategic Investments

SILA

Earnings

New Projects/Investments

Share Buyback

Sila Realty Trust reported Q3 2025 cash NOI of $42.8 million, a 4.9% increase from Q3 2024, with 1.2% same-store cash NOI growth. AFFO per share decreased by 0.8% compared to Q3 2024 but increased 4.2% compared to Q2 2025.
During Q3 2025, the company completed approximately $87 million in acquisitions, including the $16.3 million Southlake portfolio and the $70.5 million Reunion Novus portfolio.
Sila is also deploying capital for property redevelopments and expansions, with approximately $5 million for a Pam Health facility, an anticipated $12.5 million for the Dover facility, and $16 million for the Overland Park facility, all expected to yield attractive returns.
The company's board authorized a share repurchase program of up to $75 million over three years, limited to $25 million annually, effective August 4, 2025, though no shares were purchased in Q3. An at-the-market (ATM) program was also established.
Sila maintains a strong financial position with over $476 million in total liquidity and a net debt-to-EBITDA ratio of 3.9 times. The company expects 2025 G&A to be at the low end or slightly below the previously communicated range of $22.5 million to $23.5 million.

Nov 5, 2025, 4:00 PM

Sila Realty Trust Announces Third Quarter 2025 Results

SILA

Earnings

Share Buyback

New Projects/Investments

Sila Realty Trust, Inc. reported net income of $11.6 million, or $0.21 per diluted share, and Adjusted Funds From Operations (AFFO) of $31.1 million, or $0.56 per diluted share, for the third quarter ended September 30, 2025.
Cash Net Operating Income (Cash NOI) for Q3 2025 was $42.8 million, an increase from $40.8 million in Q3 2024, driven by acquisitions and 1.2% same-store Cash NOI growth.
During the quarter ended September 30, 2025, the company acquired two medical outpatient buildings for $16.3 million and two inpatient rehabilitation facilities for $70.5 million, along with additional land for $2.7 million.
The Board authorized a share repurchase program of up to $75.0 million over three years, with a $25.0 million limit in any twelve-month period, effective August 4, 2025.
Sila declared and paid cash distributions of $0.40 per share for the quarter ended September 30, 2025, and authorized a quarterly cash dividend of $0.40 per share payable on December 4, 2025.

Nov 4, 2025, 9:30 PM

Earnings Transcripts

Quarterly earnings call transcripts for Sila Realty Trust.

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