Overview

• US healthcare REIT's Q1 revenue rose yr/yr, net income increased to $12.4 mln

• AFFO for Q1 grew to $33.5 mln, or $0.61 per diluted share

• Company to be acquired in $2.4 bln all-cash merger, expected to close by Q3 2026

Outlook

• Company expects merger with Blue Owl Real Estate Capital affiliates to close in Q2 or Q3 2026

• Company authorized a quarterly cash dividend of $0.40 per share payable June 4, 2026

• Company will become private and shares will be delisted from NYSE upon merger completion

Result Drivers

• ACQUISITIONS - Cash NOI growth was primarily driven by the acquisition of an inpatient rehabilitation facility in Oklahoma City and cash proceeds from a tenant for development costs

• OPERATING COSTS - Lower operating costs at the Stoughton Healthcare Facility contributed to improved Cash NOI

• DISPOSITIONS - Growth in Cash NOI was partially offset by the sale of healthcare facilities during the quarter

Company press release: ID:nBw8FTHHPa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for Sila Realty Trust Inc is $30.00, about 1.9% below its May 7 closing price of $30.58

• The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 28 three months ago

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