Sila Realty Trust Q2 2024 AFFO $0.54 Down From $0.55 YoY; EPS $0.08 Up From $0.07 YoY; Rental Revenue $43.55M Down From $44.965M YoY
Portfolio Pulse from Benzinga Newsdesk
Sila Realty Trust (NYSE:SILA) reported its Q2 2024 financial results. AFFO decreased to $0.54 from $0.55 YoY, while EPS increased to $0.08 from $0.07 YoY. Rental revenue fell to $43.55M from $44.965M YoY. The company declared monthly dividends totaling $0.40 per share for the quarter and acquired a $10.8M medical outpatient building.
August 06, 2024 | 9:28 pm
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Sila Realty Trust reported mixed Q2 2024 results with a slight decrease in AFFO and rental revenue, but an increase in EPS. The company declared regular dividends and made a strategic acquisition.
The mixed financial results with a slight decrease in AFFO and rental revenue, but an increase in EPS, suggest a neutral short-term impact. The declared dividends and strategic acquisition are positive but may not significantly move the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100