Sila Realty Trust, Inc. (NYSE:SILA) announces a share repurchase program. Under the offer, the company will repurchase up to $50 million worth of its shares. The offer price will be not greater than $24 per share or less than $22.60 per share.

The purpose of the offer is to provide liquidity to company's shares. The offer will be funded using cash on company's balance sheet and/or availability under company's revolving credit facility. The offer is subject to the company?s ability to increase the number of shares accepted for payment in the offer by up to 2% of the company?s outstanding Shares.

The offer is valid till July 19, 2024. As of June 3, 2024, the company had 57,216,477 shares outstanding.