F

Sila Realty Trust, Inc. — Earnings Quality Grade F

SILA · Real Estate

Major red flags

Revenue
$198M
2025
Net Income
$33M
2025
Gross Margin
87.9%
Free Cash Flow
$111M
01

Screening Summary

12
Passed
3
Watch
2
Failed
-2.6
M-Score

管理层信号

最近 SEC 8-K 文件中未发现 CEO、CFO、董事会或审计负责人变动信号。
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 128 days, change +8 days YoY

A2AR vs Revenue Growth

AR outpaced revenue for 2 consecutive years

A3Revenue vs CFFO

Revenue 5.7%, CFFO -10.3%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

!
B2CapEx vs Revenue

CapEx growth 177.0% is >2x revenue growth 5.7%

B3SG&A Ratio

SG&A/Gross Profit = 12.0%, excellent (<30%)

B4Gross Margin

Gross margin 87.9%, change +0.3pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 3.60. Profits backed by cash

C2Free Cash Flow

FCF $0.1B, FCF/NI = 3.35

C3Accruals Ratio

Accruals ratio = -4.1%. Low accruals

C4Cash vs Debt

Cash $0.0B covers only 5% of debt $0.7B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.1B = 10% of equity. Manageable

!
D2Leverage

Debt/EBITDA = 5.0x (>4x). Financial stress

!
D3Soft Asset Growth

Other assets grew 35.6% vs revenue 5.7%

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -6% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.60 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.6
-4.0 Clean-2.22 Grey-1.78 Danger0
1.063
DSRI
AR growing faster than revenue?
0.996
GMI
Gross margin declining?
0.994
AQI
Asset quality deteriorating?
1.057
SGI
Revenue growth rate
1.003
DEPI
Depreciation slowing?
0.781
SGAI
SG&A ratio changing?
-0.0411
TATA
Accruals level
1.23
LVGI
Leverage increasing?

Altman Z-Score — Not Applicable

Sila Realty Trust, Inc. is a financial company. Z-Score is designed for non-financial companies.

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25