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An announcement from Sila Realty Trust, Inc. (SILA) is now available.
Steward Health Care System, a tenant at Stoughton Healthcare Facility, filed for Chapter 11 bankruptcy and is terminating its lease, prompting Sila Realty Trust, Inc. to contract the property’s sale, expected to close in 2024, although the outcome remains uncertain. Similarly, after GenesisCare’s bankruptcy and emergence, the company is selling two healthcare facilities leased to them, with the same uncertainties around the sale’s completion. Additionally, Sila Realty Trust announced a Share Repurchase Program to buy back up to 1.5 million shares or $25.0 million worth of its common stock over the next 12 months, depending on market conditions.
See more insights into SILA stock on TipRanks’ Stock Analysis page.
