Sila Realty Trust, Inc. - S-4 filing on 2019-06-21

Segment Reporting (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2019

Dec. 31, 2018

Summary information for the reportable segments during the three months ended March 31, 2019 and 2018, is as follows (amounts in thousands):



	Data Centers			Healthcare			Three Months Ended March 31, 2019
Revenue:
Rental revenue	$	26,677		$	19,790		$	46,467
Expenses:
Rental expenses	(6,965		)	(2,163		)	(9,128		)
Segment net operating income	$	19,712		$	17,627		37,339

Expenses:
General and administrative expenses							(1,403		)
Asset management fees							(3,494		)
Depreciation and amortization							(18,246		)
Income from operations							14,196
Interest and other expense, net							(9,835		)
Net income attributable to common stockholders							$	4,361



	Data Centers			Healthcare			Three Months Ended March 31, 2018
Revenue:
Rental revenue	$	23,721		$	17,573		$	41,294
Expenses:
Rental expenses	(5,937		)	(2,353		)	(8,290		)
Segment net operating income	$	17,784		$	15,220		33,004

Expenses:
General and administrative expenses							(943		)
Asset management fees							(3,099		)
Depreciation and amortization							(13,717		)
Income from operations							15,245
Interest and other expense, net							(7,741		)
Net income attributable to common stockholders							$	7,504

Summary information for the reportable segments during the years ended December 31, 2018, 2017 and 2016, is as follows (amounts in thousands):



	Data Centers			Healthcare			For the Year Ended December 31, 2018
Revenue:
Rental, parking and tenant reimbursement revenue	$	103,226		$	74,106		$	177,332
Expenses:
Rental and parking expenses	(27,289		)	(10,038		)	(37,327		)
Segment net operating income	$	75,937		$	64,068		140,005

Expenses:
General and administrative expenses							(5,396		)
Asset management fees							(13,114		)
Depreciation and amortization							(58,258		)
Income from operations							63,237
Interest and other expense, net							(34,364		)
Net income attributable to common stockholders							$	28,873



	Data Centers			Healthcare			For the Year Ended December 31, 2017
Revenue:
Rental, parking and tenant reimbursement revenue	$	62,377		$	62,718		$	125,095
Expenses:
Rental and parking expenses	(17,571		)	(8,525		)	(26,096		)
Segment net operating income	$	44,806		$	54,193		98,999

Expenses:
General and administrative expenses							(4,069		)
Asset management fees							(9,963		)
Depreciation and amortization							(41,133		)
Income from operations							43,834
Interest and other expense, net							(22,555		)
Net income attributable to common stockholders							$	21,279



	Data Centers			Healthcare			For the Year Ended December 31, 2016
Revenue:
Rental, parking and tenant reimbursement revenue	$	12,929		$	43,502		$	56,431
Expenses:
Rental and parking expenses	(2,509		)	(5,655		)	(8,164		)
Segment net operating income	$	10,420		$	37,847		48,267

Expenses:
General and administrative expenses							(3,105		)
Acquisition related expenses							(5,339		)
Asset management fees							(4,925		)
Depreciation and amortization							(19,211		)
Income from operations							15,687
Interest and other expense, net							(4,390		)
Net income attributable to common stockholders							$	11,297

Assets by each reportable segment as of March 31, 2019 and December 31, 2018 are as follows (amounts in thousands):

Assets by each reportable segment as of December 31, 2018 and December 31, 2017 are as follows (amounts in thousands):

Capital additions and acquisitions by reportable segments for the three months ended March 31, 2019 and 2018 are as follows (amounts in thousands):



	Three Months Ended March 31,
	2019		2018
Capital additions and acquisitions by segment:
Data centers	$	995	$	52,213
Healthcare	78		5,629
Total capital additions and acquisitions	$	1,073	$	57,842

Capital additions and acquisitions by reportable segments for the years ended December 31, 2018, 2017 and 2016 are as follows (amounts in thousands):



	For the Year Ended December 31,
	2018		2017		2016
Capital additions and acquisitions by segment:
Data centers	$	114,944	$	472,438	$	314,030
Healthcare	117,971		164,445		229,670
Total capital additions and acquisitions	$	232,915	$	636,883	$	543,700