Sila Realty Trust, Inc. reported its financial results for the third quarter and nine months ended September 30, 2025, showing a total revenue of $49.8 million for the quarter, an increase of 8.1% from $46.1 million in the same period last year. For the nine-month period, total revenues reached $146.8 million, up 4.7% from $140.3 million in 2024. The company attributed this growth primarily to increased rental revenue, which rose to $49.4 million in Q3 2025 from $46.1 million in Q3 2024, driven by new leasing activity and annual rent escalations.
In terms of profitability, net income attributable to common stockholders for the third quarter was $11.6 million, or $0.21 per share, consistent with the previous year. However, for the nine-month period, net income decreased to $28.1 million from $31.5 million in 2024. The decline in net income was influenced by increased interest expenses, which rose significantly due to higher average borrowings and interest rates, totaling $23.6 million for the nine months compared to $16 million in the prior year.
Sila Realty Trust made strategic moves during the reporting period, acquiring six properties for a total of $148.9 million, including a ground lease. The company also recorded impairment losses of $6.8 million, primarily related to the Stoughton Healthcare Facility, which is currently being demolished. As of September 30, 2025, the company owned 140 properties, with a weighted average occupancy rate of 99.1%, up from 95.5% a year earlier.
Operationally, Sila Realty Trust's total assets increased to $2.1 billion from $2.0 billion at the end of 2024, with total liabilities rising to $757.8 million from $603.9 million. The company’s cash and cash equivalents decreased to $27.7 million from $39.8 million, reflecting its investment activities. The company also initiated a share repurchase program, authorizing up to $75 million in gross purchase proceeds over three years, although it did not repurchase any shares under this program during the nine months ended September 30, 2025.
Looking ahead, Sila Realty Trust anticipates continued growth in rental revenue driven by its strategic acquisitions and strong tenant demand in the healthcare sector. The company remains focused on maintaining its REIT status by distributing at least 90% of its taxable income to shareholders, with a quarterly cash dividend of $0.40 per share recently authorized for payment in December 2025. The company’s management expressed confidence in its ability to navigate market conditions and meet its liquidity needs through operational cash flows and available credit facilities.
About Sila Realty Trust, Inc.
Sila Realty Trust, Inc. is a Maryland-based REIT investing primarily in high-quality healthcare properties across the U.S. through acquisitions, leasing to creditworthy tenants, and real estate-related investments. It focuses on long-term net leases, portfolio diversification, and strategic financing. The company aims to generate stable income, capital appreciation, and regular distributions, leveraging its expertise in healthcare real estate and disciplined investment approach.
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