Sila Realty Trust, Inc. Provides Update After Hurricanes

Rhea-AI Summary

Sila Realty Trust, Inc. (NYSE: SILA), a net lease REIT based in Tampa, Florida, has provided an update following Hurricanes Helene and Milton. The company reports that all employees are safe, and its corporate office and properties in Florida and Georgia are fully operational. Michael A. Seton, President and CEO, stated that the region experienced record rain, flooding, and severe winds. The company's headquarters at 1001 Water Street in Tampa sustained no damage and has reopened.

Sila's internal Property Management team has been in contact with tenants in affected areas and has visited some properties. Current assessments indicate no material damage to the company's properties, although there is minor damage that will be addressed. The company is working to restore normalcy in collaboration with the community and the state of Florida.

Positive

• All company properties in Florida and Georgia are fully operational
• Corporate headquarters sustained no damage from the hurricanes
• No material damage reported to company properties in affected areas

Negative

• Minor damage sustained to some properties, requiring repairs

TAMPA, Fla.--(BUSINESS WIRE)-- Sila Realty Trust, Inc. (NYSE: SILA) (the “Company”, “we” or “our”), a net lease real estate investment trust (“REIT”) headquartered in Tampa, Florida, is pleased to report that our employees are safe and our corporate office and our Florida and Georgia properties in the paths of Hurricane Helene and Hurricane Milton are all fully operational.

Michael A. Seton, the Company’s President and Chief Executive Officer, commented, “As a Tampa-based Company, the region experienced record rain, flooding, and severe winds related to Hurricane Helene and Hurricane Milton. As the safety of our employees is our top priority, we closed our office to provide employees and their families the time needed to prepare, most recently, for Hurricane Milton as it approached the Tampa area and evacuate as necessary. The management team of the Company remained in correspondence with all employees during and after both storms, and all are accounted for and safe. The Company’s headquarters, located at 1001 Water Street in Tampa, is open and sustained no damage from either storm.

“Our dedicated internal Property Management team has been in contact with our tenants at buildings that were in the path of one or both storms and have had an opportunity to visit some of the properties. Based on the Company’s current assessment, all of the Company’s affected properties are operational and suffered no material damage. We will work with our tenants to address minor damage that was sustained as our community and the state of Florida work diligently to bring normalcy back to everyone affected by these storms.”

About Sila Realty Trust, Inc.

Sila Realty Trust, Inc. is a net lease real estate investment trust headquartered in Tampa, Florida, with a strategic focus on investing in the significant, growing, and resilient healthcare sector of the U.S. economy. The Company invests in high quality healthcare facilities along the continuum of care, which, we believe, generate predictable, durable, and growing income streams. Our portfolio comprises high-quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients. As of September 25, 2024, the Company owned 136 real estate properties, and two undeveloped land parcels located in 65 markets across the U.S. For more information, please visit the Company’s website at www.silarealtytrust.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241015719077/en/

Investor Contact:

Miles Callahan, Senior Vice President of Capital Markets and Investor Relations

833-404-4107

IR@silarealtytrust.com

Source: Sila Realty Trust, Inc.

FAQ

How did Hurricane Helene and Hurricane Milton affect Sila Realty Trust (NYSE: SILA) operations?

Sila Realty Trust reports that all its properties in Florida and Georgia remain fully operational, with no material damage sustained. The company's headquarters in Tampa is open and undamaged, though some properties experienced minor damage that will be addressed.

What measures did Sila Realty Trust (NYSE: SILA) take to ensure employee safety during the hurricanes?

Sila Realty Trust closed its office to allow employees time to prepare and evacuate if necessary. The management team remained in contact with all employees during and after both storms, ensuring everyone was accounted for and safe.

Has Sila Realty Trust (NYSE: SILA) assessed the impact of the hurricanes on its properties?

Yes, Sila's internal Property Management team has contacted tenants in affected areas and visited some properties. Current assessments indicate no material damage to the company's properties, although there is minor damage that will be addressed.