Revenue: As of FY2026 Q1, the actual value is USD 52.67 M.EPS: As of FY2026 Q1, the actual value is USD 0.22, beating the estimate of USD 0.2.EBIT: As of FY2026 Q1, the actual value is USD 29.64 M.<h3>Segment Revenue</h3><ul><li>Total revenues increased to $52,665 thousand in Q1 2026 from $48,256 thousand in Q1 2025, representing a 9.1% increase .</li><li>Rental revenue was $52,060 thousand in Q1 2026, up from $48,256 thousand in Q1 2025 .<ul><li>Same store rental revenue slightly decreased by $62 thousand (-0.1%) to $43,119 thousand in Q1 2026, primarily due to tenant vacancies and lease terminations, partially offset by new and renewal leasing activity and annual base rent escalations .</li><li>Same store tenant reimbursements decreased by $162 thousand (-3.9%) to $3,949 thousand, mainly due to the timing of real estate taxes .</li><li>Non-same store rental revenue significantly increased by $3,960 thousand (432.3%) to $4,876 thousand, driven by properties acquired since January 1, 2025, and two properties completed in December 2025 .</li><li>Non-same store tenant reimbursements increased by $67 thousand (142.6%) to $114 thousand, primarily due to acquired properties .</li></ul></li><li>Real estate related notes receivable interest income increased to $605 thousand in Q1 2026 from $0 in Q1 2025, due to mezzanine loan fundings .</li></ul><h3>Operational Metrics</h3><ul><li>Net income attributable to common stockholders rose to $12,420 thousand in Q1 2026 from $7,898 thousand in Q1 2025 .</li><li>Total operating expenses decreased to $31,910 thousand in Q1 2026 from $33,317 thousand in Q1 2025 .<ul><li>Rental expenses decreased to $6,038 thousand in Q1 2026 from $6,326 thousand in Q1 2025 .</li><li>General and administrative expenses decreased by $720 thousand (-12.6%) to $4,978 thousand, primarily due to lower audit and tax fees and a decrease in personnel costs .</li><li>Depreciation and amortization increased by $2,146 thousand (12.1%) to $19,908 thousand, mainly due to acquired properties and increased depreciation at the Stoughton Healthcare Facility .</li><li>Impairment losses were $0 in Q1 2026, compared to $3,531 thousand in Q1 2025 .</li><li>Demolition costs of $986 thousand were recorded in Q1 2026 related to the Stoughton Healthcare Facility .</li></ul></li><li>Total other expense was -$8,335 thousand in Q1 2026, compared to -$7,041 thousand in Q1 2025 .<ul><li>Gain on dispositions of real estate was $2,473 thousand in Q1 2026, from the sale of four properties, compared to $0 in Q1 2025 .</li><li>Interest and other income decreased to $163 thousand in Q1 2026 from $455 thousand in Q1 2025, due to lower dividend income .</li><li>Interest expense increased by $1,719 thousand (23.5%) to -$9,044 thousand, primarily due to higher average borrowings on variable rate debt .</li><li>Increase in current expected credit loss reserve was -$25 thousand in Q1 2026, compared to -$171 thousand in Q1 2025 .</li><li>Merger-related costs of -$1,902 thousand were recorded in Q1 2026 .</li></ul></li></ul><h3>Cash Flow</h3><ul><li>Net cash provided by operating activities increased to $29,474 thousand in Q1 2026 from $24,129 thousand in Q1 2025 .</li><li>Net cash used in investing activities decreased to -$21,409 thousand in Q1 2026 from -$36,042 thousand in Q1 2025 .</li><li>Net cash (used in) provided by financing activities was -$9,575 thousand in Q1 2026, compared to $2,527 thousand in Q1 2025 .</li></ul><h3>Unique Metrics</h3><ul><li>Funds From Operations (FFO) increased to $29,827 thousand in Q1 2026 from $29,166 thousand in Q1 2025 .</li><li>Core Funds From Operations (Core FFO) increased to $32,904 thousand in Q1 2026 from $29,607 thousand in Q1 2025 .</li><li>Adjusted Funds From Operations (AFFO) increased to $33,547 thousand in Q1 2026 from $29,448 thousand in Q1 2025 .</li><li>As of March 31, 2026, Sila Realty Trust, Inc. owned 137 real estate properties and three undeveloped land parcels, with 5,189,000 leased square feet and a weighted average percentage of rentable square feet leased of 98.7% .</li><li>Real estate related notes receivable, net, stood at $17,116 thousand as of March 31, 2026, compared to $17,106 thousand as of December 31, 2025 .</li><li>Credit facility, net, was $688,438 thousand as of March 31, 2026, compared to $674,122 thousand as of December 31, 2025 .</li><li>The ATM Equity Offering Sales Agreement had $250,000,000 in gross sales of available capacity as of March 31, 2026, with no shares issued during the three months ended March 31, 2026 .</li><li>Share Repurchases of Common Stock for net settlement of withholding taxes amounted to $1,196 thousand (49,714 shares) in Q1 2026, compared to $1,145 thousand (47,229 shares) in Q1 2025 .</li></ul><h3>Future Outlook and Strategy</h3>Sila Realty Trust, Inc. expects its principal demands for funds for the next twelve months to be for operating expenses, capital improvements, distributions to stockholders, and interest payments on its credit facility, which it anticipates meeting through operating cash flows and credit facility borrowings . Beyond twelve months, the company plans to fund additional real estate acquisitions, debt payments, capital investments, and REIT-status-maintaining distributions through operating cash flows, credit facility borrowings, and potential equity offerings . The company also believes its hedging strategy, which has fixed 76% of its outstanding debt as of March 31, 2026, limits its exposure to increased or fluctuating interest rates .

Sila Realty Trust | 10-Q: FY2026 Q1 Revenue: USD 52.67 M