Michael Seton, president and CEO of Sila Realty Trust, Inc. (NYSE: SILA), sat down for a video interview at Nareit’s REITweek: 2024 Investor Conference, held in New York from June 3-6.
Seton noted that investors are keen on understanding acquisition opportunities in the current market, which has seen a decline in volume. He highlighted the company’s strong deal pipeline, attributing this to their strategic positioning and robust balance sheet.
"The project I'm most excited about, which we publicly announced, is our [New York Stock Exchange] listing," Seton noted, which since occurred on June 13. He elaborated on the benefits of being traded on the NYSE, emphasizing that it would enable Sila to access greater capital, diversify the company, and offer liquidity options for both current and new shareholders.
Discussing the broader economic landscape, Seton acknowledged the challenges but remained optimistic.
"The health care sector is a growing and resilient sector," he said, further noting the significant impact of an aging population on market demand. Seton also underscored the strategic advantage of Sila’s low-leverage balance sheet, which positions the company well for future growth.