Sila Realty Trust Declares Distributions for November

October 28, 2021 | James Sprow | Blue Vault

On October 25, the board of directors of Sila Realty Trust, Inc. approved and authorized a daily distribution to the REIT’s Class A and Class I stockholders for November calculated on the basis of 365 days in the calendar year of $0.00109589 per share of common stock which is equal to an annualized distribution of $0.40 per share.  

The board of directors also approved and authorized a distribution to Class T and Class T2 stockholders for November equal to an annualized distribution of $0.32 per share.  The distributions declared for each record date in November will be paid in December 2021. 

These distribution rates have been maintained since July 2021 when the board of directors declared a special dividend. Prior to the special dividend the annualized rates had been $0.50 per Class A and Class I shares and $0.41 per Class T and Class T2 shares.   

On July 20, 2021, the Company’s board of directors declared a special cash distribution of $1.75 per share of Class A, Class I, Class T and Class T2 common stock. The special cash distribution was funded with proceeds from the sale of its data center portfolio on July 22, 2021. The special cash distribution was paid on July 30, 2021 to stockholders of record at the close of business on July 26, 2021, in the aggregate amount of approximately $392.7 million. 

The REIT’s most recent estimated net asset value per share was $8.20. On July 20, 2021, the Company’s board of directors approved an updated estimated per share net asset value, or estimated per share NAV, of $9.95 of the Company’s common stock as of May 31, 2021. The aforementioned special cash distribution reduces the estimated per share NAV by $1.75, resulting in a new estimated per share NAV of $8.20, effective July 26, 2021. 

Source:  SEC