Sila Realty Trust, Inc. · NYSE:SILA
Sila Realty Trust — Investor Presentation (July 2021)
27 slides from Sila Realty Trust's investor presentation, Jul 23, 2021
Slide 1: Investor Presentation July 2021
Investor Presentation July 2021
Slide 2: Agenda
2021Agenda Prepared Remarks Michael A. Seton – Chief Executive Officer and President Kay C. Neely – Chief Financial Officer, Treasurer and Secretary Agenda 2020 Recap Pg. 4 Historical & Anticipated Timeline of the Company Pg. 6 Data Center Portfolio Sale Pg. 8 Updated Net Asset Value Pg. 10 Use of P
Slide 3: 2020 Recap
2020 Recap realty trust
Slide 4: 2020 Recap
20212020 Recap 2020 Rent Concessions During the year ended December 31, 2020, Sila Realty Trust, Inc. (the “Company”) entered into 30 rent concessions and lease modifications with 21 tenants due to the impact of the COVID-19 pandemic on the tenants and collected approximately 99% of rental revenue r
Slide 5: Historical & Anticipated Timeline of the Company
2021 Historical & Anticipated Timeline of the Company 5
Slide 6: Historical & Anticipated Timeline of Company
2021 2014 • May 2014 – Launch of Initial Public Offering 2017 • November 2017 – Initial Public Offering Closing 2019 • October 2019 – Acquisition of REIT I Healthcare Portfolio 2018 • November 2018 – Follow-On Public Offering Closing • September 2020 – Internalization of Management and Rebranding to
Slide 7: Data Center Portfolio Sale
2021 Data Center Portfolio Sale 7
Slide 8: Data Center Portfolio Sale
2021Data Center Portfolio Sale On July 22, 2021, the Company announced the closing the sale of its 29-property data center portfolio (the “Portfolio”), to wholly owned subsidiaries of Mapletree Industrial Trust, for an aggregate sale price of $1.32 billion (the “Portfolio Sale”). The Portfolio Sale
Slide 9: Updated Net Asset Value
2021 Updated Net Asset Value 9
Slide 10: Updated Net Asset Value
2021Updated Net Asset Value On July 22, 2021, the Company announced that its board of directors (or “Board”) approved an updated estimated NAV of $9.95 per share for each of the Company’s Class A common stock, Class I common stock, Class T common stock and Class T2 common stock (collectively, “Commo
Slide 11: Use of Proceeds
Use of Proceeds realty trust
Slide 12: Use of Proceeds: Distributions Authorized
2021Use of Proceeds 12 Distributions Authorized On July 20, 2021, the Board approved and authorized a daily distribution to the Company’s Class A, Class I, Class T and Class T2 stockholders of record as of the close of business on each day in the month of August 2021. The distributions for the month
Slide 13: Use of Proceeds: Reduced Leverage
2021Use of Proceeds 13 Reduced Leverage Simultaneous with the closing of the data center Portfolio Sale, the Company paid off approximately $854 million of outstanding principal debt. The extinguishment of all property level mortgages, as well as $280 million of term debt and the pay down of $123 mi
Slide 14: Investor Returns
2021 Investor Returns 14
Slide 15: Cumulative Investor Returns
2021Investor Returns 15 Cumulative Investor Returns Including the Special Distribution and cash distributions paid through July 31, 2021, for Class A stockholders who receive cash distributions, both investors of the Company and original investors from REIT I have recognized positive returns and mea
Slide 16: Company Positioning and Portfolio Composition
2021 Company Positioning and Portfolio Composition 16
Slide 17: Healthcare Portfolio Metrics
2021Healthcare Portfolio Metrics Healthcare Portfolio Key Statistics 1 Portfolio Exposure by State Properties 124 Purchase Price $ 2,240.3m Annualized Base Rent $ 149.2m Rentable Square Feet 5.2m Portfolio Occupancy 96.2% Avg Remaining Lease Term 10.2 Years 171 – Data as of March 31, 2021, and inclu
Slide 18: Healthcare Portfolio Metrics: Lease Expirations and Top Tenants
2021Healthcare Portfolio Metrics Lease Expirations # of Props Percentage of Portfolio (3/31/2021 ABR) 1 Post Acute Medical, LLC 15 16.0% 2 Baylor Scott and White Health 7 8.3% 3 Board of Regents of the Univ. of Texas System 1 7.6% 4 Select Medical Corporation 3 6.7% 5 Confidential Healthcare Tenant
Slide 19: Healthcare Portfolio Metrics: Portfolio Composition
2021 Acute Care Post Acute Care Outpatient Senior Housing Healthcare Portfolio Metrics Highest Acuity (highest cost) Lowest Acuity (lowest cost) Hospitals Long Term Acute Care Behavioral Health Rehabilitation Skilled Nursing Medical Office Buildings Surgery Centers, Dialysis, Imaging, Dermatology In
Slide 20: Key Portfolio Drivers: Company Strategy
2021Key Portfolio Drivers Company Strategy - Market leading providers with dominant market share - Strong financial foundation with high rent coverage ratios or other credit enhancements - Hospital or health system affiliations - Providers with demonstrated experience at adapting to the rapidly chan
Slide 21: Healthcare Market Overview
2021 Healthcare Market Overview 21
Slide 22: Aging Population Will Drive Healthcare Demand and Spending
2021Healthcare Market Overview Aging Population Will Drive Healthcare Demand and Spending - The U.S. population is projected to grow by approximately 22,500,000 people, or 7%, between 2020 and 2030, with three-quarters of the population growth in the 65 years and over cohort. - The aging and growing
Slide 23: Outpatient Healthcare Growth
2021Healthcare Market Overview Outpatient Healthcare Growth - Gone are the days of health systems focused on making money from “heads in beds”, with the aggregate outpatient share of total hospital revenue growing from 28% in 1994 to over 50% in 2020. - Nearly 4 of 5 healthcare expenditure dollars i
Slide 24: Positioning for Public Market Listing
2021 Positioning for Public Market Listing 24
Slide 25: Positioning for Public Market Listing
2021Positioning for Public Market Listing The completion of the data center Portfolio Sale marks another key step in Sila Realty Trust’s transformation to a pure-play healthcare REIT. The Company’s resilient healthcare portfolio, diversified by geography and tenancy, coupled with a strong balance sh
Slide 26: Investor Relations
Investor Relations IR@silarealtytrust.com 833-404-4107 Thank you for joining us!
Slide 27: Disclosures
2021Disclosures Forward Looking Statements Certain statements contained herein, other than historical fact, including the Company’s anticipated expenses and cost savings following the internalization transaction, anticipated timing for a liquidity event, use of proceeds from the sale of the data cen
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