SILA

• In 2025, Sila acquired 6 healthcare facilities for $150 million and closed on another $43.1 million inpatient rehabilitation facility in Oklahoma City. Completed over $7 million of redevelopment. Razed Stoughton Healthcare Facility, reducing carrying costs. Executed purchase and sale agreements on several properties. Lease renewal activity increased weighted average remaining lease term. Tenant credit quality improved, with investment-grade rated tenant guarantor affiliate percentage at 40.6%. Washington Regional Medical Center took occupancy of Fayetteville Healthcare facility, diversifying tenant concentration.

• Sees potential to continue executing strategy with balance sheet strength, pipeline, etc. - Anticipates additional expansion opportunities in the near future with more favorable returns. - Has $375 million of capacity to deploy, with market driving cadence, expecting volume this year to be similar to last year, possibly more towards the end of the year.

For the year ended 2025, cash NOI was $169.9 million compared to $168.6 million in 2024, a 0.8% increase. Excluding one-time fees, cash NOI and same-store cash NOI growth would have been 4.4% and 1.1% respectively. FFO per share for the full year was $2.16, a 3.6% increase from the previous year, while AFFO per share was $2.18, a 5.8% decrease. The portfolio-wide EBITDARM rent coverage ratio was 5.9x in 2025 compared to 5.3x in 2024. Net debt to EBITDAre was 3.9x at year-end, below the targeted range. Total liquidity exceeded $480 million at year-end.

Q: How much rent was collected on the Alexandria building and about redevelopments.

A: On the Alexandria property, scheduled rent was $40,000 per month, holdover rent was at 125% of the scheduled rent, so total rent in the fourth quarter was $120,000. For redevelopments, for example, the El Segundo property with UCLA as a tenant has a free rent period but the building is considered leased as of year-end.

Q: About acquisition yields and pricing.

A: The pricing for rehabs is in the high 6s to low 7s, mid-7s generally. MOB assets are 6 to 6.5. LTACs don't trade much, surgical hospitals are in the high 6s to around 7.

Q: Remaining leverage capacity and cadence.

A: To reach the midpoint of the targeted leverage would be $225 million, and the high end is $375 million. The market drives the cadence, volume this year is expected to be similar to last year, possibly more towards the end of the year.