SILA Earnings Prediction
The chart below shows how SILA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SILA sees a +0.00% change in stock price 10 days leading up to the earnings, and a +0.00% change 10 days following the report. On the earnings day itself, the stock moves by +0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
SILA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
46.12M
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Gross Margin
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Operating Margin
38.23%
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Net Margin
25.88%
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EPS
0.21
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No Data Available
SILA Earnings Analysis
Sila Realty Trust, Inc. Corporation (SILA.N) Earnings Conference Call
Positive
Cash NOI Increase: 1. Increased Cash NOI: Sila Realty Trust reported cash NOI of $40.8 million for Q3 2024, up from $39.9 million in Q2 2024, indicating a positive trend in operational performance.
AFFO Earnings Increase: 2. Growth in AFFO: The company achieved an AFFO of $31.7 million or $0.57 per diluted share in Q3 2024, an increase from $30.8 million in Q2 2024, showcasing strong earnings growth.
Strategic Acquisition Expansion: 3. Successful Acquisitions: In July, Sila acquired a leading inpatient rehabilitation facility in Fort Smith, Arkansas, for approximately $28.4 million, enhancing its portfolio in a high-growth market.
Portfolio Diversification Strategy: 4. Robust Portfolio Diversification: At the end of Q3 2024, Sila's portfolio consisted of 136 properties across 65 markets, demonstrating a well-diversified investment strategy in healthcare real estate.
Liquidity Strength: 5. Strong Liquidity Position: Sila reported cash and cash equivalents of approximately $528.6 million at quarter-end, providing substantial liquidity for future acquisitions and investments.
Negative
Net Income Decline: 1. Decline in GAAP Net Income: GAAP net income for Q3 2024 was $11.9 million, down from $15 million in Q3 2023, representing a decrease of 20.7%.
Cash NOI Decline: 2. Decrease in Cash NOI: Cash NOI for Q3 2024 was $40.8 million, a 7.6% decrease from $44.2 million in Q3 2023, attributed to losses from dispositions and reduced rent from GenesisCare.
Decline in AFFO: 3. Drop in AFFO: AFFO for Q3 2024 was $31.7 million or $0.57 per diluted share, down 7.1% from $34.1 million or $0.60 per diluted share in Q3 2023.
Lease Rate Decrease: 4. Reduction in Weighted Average Lease Rate: The portfolio's weighted average lease rate decreased by 2% to 95.5% from 97.5% due to the loss of approximately 181,000 lease square feet related to the Steward property.
Revenue Loss Impact: 5. Loss of Revenue from Steward Property: The Steward property resulted in a cash NOI loss of approximately $275,000 for Q3 2024, impacting overall revenue performance.
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SILA Earning Call Sentiment
Sila Realty Trust, Inc. (SILA) Q3 2024 Earnings Call Transcript
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SILA.N
1.92%Positive
The earnings call presented mixed signals: a decrease in GAAP net income and cash NOI, yet a strong liquidity position and a stable dividend payout ratio. The Q&A revealed optimism about acquisition opportunities, but management's vague responses on zoning and acquisition details raise concerns. The shift to quarterly dividends and the conservative leverage position are neutral factors. Overall, the financial performance and market strategy suggest a neutral sentiment.