News
Acquisition · Blue Owl · Healthcare REIT · Real Estate
Affiliates of Blue Owl Real Estate Capital LLC agreed to acquire Sila Realty Trust for $30.38 per share in cash, valuing the healthcare REIT at approximately $1.41 billion in market capitalization, representing a 19% premium to Friday's closing stock price.
Sila Realty Trust shares rose to $30.37 following the announcement. Truist Securities estimated the deal represents a 7.4% cap rate, slightly above their 7.3% applied to net operating income for a $30.74 per share net asset value estimate.
Truist Securities analyst Michael Lewis reiterated a Buy rating and $28.00 price target on Sila Realty Trust. InvestingPro analysis indicates SILA trades near its 52-week high and appears overvalued relative to its Fair Value estimate.
Sila Realty Trust completed a direct listing on June 13, 2024, at $22.70 per share, owning a portfolio of healthcare real estate assets under net lease agreements. Truist Securities previously noted the company was likely to pursue additional acquisitions financed with credit facility borrowings.
Sila Realty Trust recently reported Q4 2025 EPS of $0.09, missing the $0.17 forecast, but exceeded revenue expectations at $50.7 million against $50.18 million. Truist Securities raised its 2026 funds from operations estimate to $2.24 per share from $2.21 per share.
