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Sila Realty Trust, Inc. (SILA), a real estate investment trust based in Maryland with a market capitalization of $1.4 billion, disclosed its financial outcomes for the fourth quarter and full year ended December 31, 2024, today. According to InvestingPro data, the company maintains strong financial health with an overall score of "GOOD" and analysts expect net income growth this year. In line with the latest 8-K filing with the Securities and Exchange Commission, the company reported its earnings and provided additional supplemental data for the period.
The company’s board of directors has declared a quarterly cash dividend of $0.40 per share of common stock. This dividend, which translates to an annualized payout of $1.60 per share and represents an attractive 6.63% yield, is scheduled for payment on March 26, 2025, to stockholders of record as of March 12, 2025. InvestingPro analysis reveals the company’s strong liquidity position, with current assets nearly four times its short-term obligations.
The financial details, including earnings and supplemental data, are included in Exhibits 99.1 and 99.2 of the 8-K report and are furnished to the SEC, not filed. This distinction means the information is not deemed to be incorporated by reference into any prior or future securities filings, nor is it considered subject to the liabilities of Section 18 of the Securities Exchange Act of 1934.
Sila Realty Trust, previously known as Carter Validus Mission Critical REIT II, Inc., operates within the real estate sector, focusing on property investments. The company’s headquarters are located in Tampa, Florida, and it trades on the New York Stock Exchange under the ticker symbol SILA.
This announcement follows standard regulatory procedures and reflects the company’s ongoing financial reporting obligations. The information is based on a press release statement and is intended to provide shareholders and the market with the latest financial data and dividend declarations from Sila Realty Trust, Inc.
In other recent news, Sila Realty Trust has had its stock valuation updated by Truist Securities. The firm reduced the price target from $29 to $28 while maintaining a Buy rating on the stock. This adjustment is attributed to a more conservative approach concerning the company’s funding strategy and acquisition rates. Truist highlighted that Sila Realty Trust’s low financial leverage means it will likely rely on credit facility borrowings to finance investments through at least late next year. The company has indicated potential acquisition cap rates in the mid-6% to high-7% range, which could provide an attractive spread over the cost of capital, depending on short-term interest rate trends. Despite minor disruptions from GenesisCare and Steward, the core portfolio remains well-leased, suggesting relatively low risk. The stock is trading at approximately 13.5 times enterprise value to EBITDA with an 8.1% implied cap rate, indicating potential upside. The new price target is based on a combination of discounted cash flow estimates, projected net asset value, and forecasted funds from operations for 2025. Currently, Sila Realty Trust trades at a 12% discount to Truist’s NAV estimate.
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