Sila Realty Trust, Inc. ( (SILA) ) has released its Q4 earnings. Here is a breakdown of the information Sila Realty Trust, Inc. presented to its investors.
Sila Realty Trust, Inc. is a net lease real estate investment trust (REIT) focused on investing in the healthcare sector, offering a diversified portfolio of high-quality healthcare facilities across the United States. In its latest earnings report, Sila Realty Trust announced a net income of $11.1 million for the fourth quarter of 2024, with a net income of $42.7 million for the entire year. The company also highlighted its strategic shift to quarterly distributions and its successful listing on the New York Stock Exchange in June 2024.
Key financial metrics from the report include a Cash NOI of $41.0 million for the fourth quarter and $168.6 million for the year, alongside an AFFO of $30.2 million for the quarter and $131.1 million for the year. Sila Realty Trust also completed significant transactions, including the purchase of eight healthcare properties and the sale of four facilities. Additionally, the company entered into new and amended lease agreements, enhancing its long-term lease portfolio.
The company’s strategic initiatives included entering into mezzanine loans for developing new healthcare facilities and securing a new $600 million revolving credit agreement. These moves are expected to bolster Sila’s growth and provide a robust pipeline for future acquisitions.
Looking ahead, Sila Realty Trust’s management is optimistic about the company’s growth prospects in 2025, supported by a strong balance sheet and a strategic focus on expanding its healthcare facility portfolio. The company aims to leverage its new credit facility and maintain its momentum in the healthcare real estate sector.
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