The company disclosed its first quarter 2026 financial results through an earnings release. The 8-K itself does not contain the actual financial figures—those are in the attached exhibits (99.1 and 99.2), which provide the earnings release and supplemental data for the quarter ended March 31, 2026.

Sila reported Q1 2026 net income of $12.4 million ($0.22 per diluted share), up from $7.9 million ($0.14 per diluted share) in Q1 2025. Cash NOI increased to $46.3 million from $41.2 million year-over-year, driven by acquisitions and same-store growth of 0.7%. AFFO rose to $33.5 million ($0.61 per diluted share) from $29.4 million ($0.53 per diluted share). The company declared and paid a $0.40 per share quarterly dividend, representing a 66.7% payout ratio to AFFO.

During Q1 2026, Sila acquired an inpatient rehabilitation facility in Oklahoma City for $43.3 million, comprising approximately 53,000 rentable square feet under a net lease expiring in 2046. The company also sold four healthcare facilities for an aggregate $25.1 million, generating net proceeds of $24.8 million after transaction costs. These transactions reflect ongoing portfolio optimization activity.

The merger agreement includes a termination fee provision. If the merger agreement is terminated under certain specified circumstances, Sila will be required to pay the buyer approximately $55.7 million. This is a standard provision in merger agreements that protects the buyer's investment in due diligence and transaction costs if the deal fails to close under specific conditions.

The Board authorized a quarterly cash dividend of $0.40 per share, payable June 4, 2026 to shareholders of record as of May 20, 2026. This represents an annualized dividend of $1.60 per share. The merger agreement permits the company to pay up to two regular quarterly dividends during the pendency of the transaction.

Sila Realty Trust reported Q1 2026 net income of $12.4 million ($0.22 per diluted share), up from $7.9 million ($0.14 per share) in Q1 2025. FFO per share was $0.54, up from $0.52 year-over-year, while Core FFO per share rose to $0.59 from $0.53. The company maintained its quarterly dividend at $0.40 per share.

The company acquired the Oklahoma City Healthcare Facility X on January 15, 2026, for $43.3 million. The 53,122 square foot property is an inpatient rehabilitation facility that is 100% leased.

Sila disposed of four properties totaling 117,091 square feet for $25.1 million in Q1 2026. The largest sale was the Saginaw Healthcare Facility in Michigan for $14.5 million. The company recognized a $2.5 million gain on these dispositions.

The company incurred $1.9 million in merger-related costs during Q1 2026. These costs reduced net income but were excluded from Core FFO and AFFO calculations. No further details about the merger were disclosed in this filing.

As of March 31, 2026, Sila had $690 million in principal debt outstanding and $30.8 million in cash, resulting in net debt of $659.2 million. The net debt to EBITDAre ratio increased to 4.0x from 3.5x a year earlier. Total liquidity was $465.8 million, comprising cash and $435 million of undrawn revolving credit capacity.