MergerMay 7, 2026, 04:39 PM
Sila Realty Trust to be Acquired for $2.4B, $30.38/Share; Q1 Net Income $12.4M
AI Summary
Sila Realty Trust, Inc. announced it has entered into a definitive merger agreement to be acquired by affiliates of Blue Owl Real Estate Capital LLC for $30.38 per share in an all-cash transaction valued at approximately $2.4 billion. The transaction, unanimously approved by the Board, is expected to close in the second or third quarter of 2026. Concurrently, the company reported strong first-quarter 2026 financial results, including a net income of $12.4 million and an increase in Cash NOI to $46.3 million.
Key Highlights
- Sila Realty Trust to be acquired by affiliates of Blue Owl Real Estate Capital LLC for $30.38 per share.
- All-cash transaction valued at approximately $2.4 billion, expected to close in Q2 or Q3 2026.
- Net income for Q1 2026 was $12.4 million, or $0.22 per diluted share, up from $7.9 million in Q1 2025.
- Cash Net Operating Income (NOI) for Q1 2026 increased to $46.3 million from $41.2 million in Q1 2025.
- Adjusted Funds From Operations (AFFO) was $33.5 million, or $0.61 per diluted share, up from $29.4 million in Q1 2025.
- Declared a quarterly cash dividend of $0.40 per share, payable on June 4, 2026.
- Acquired one inpatient rehabilitation facility for $43.3 million in Oklahoma City.
- Sold four healthcare facilities for an aggregate of $25.1 million, generating $24.8 million net proceeds.