Office REITs

credit / rates affecting interest expense

“Interest expense increased due to a $1,878,000 increase primarily resulting from higher average borrowings on our variable rate debt, and a $74,000 increase in amortization of deferred financing costs, partially offset by a $233,000 26 Table of Contents decrease in loss on extinguishment of debt in connection with the extinguishment of our prior revolving credit agreement during the prior year.”

SILA 10-Q

credit / rates

“Cash Flows Three Months Ended March 31, 2026 Compared to Three Months Ended March 31, 2025 Three Months Ended March 31, (in thousands) 2026 2025 Change Net cash provided by operating activities $ 29,474 $ 24,129 $ 5,345 Net cash used in investing activities $ (21,409) $ (36,042) $ 14,633 Net cash (used in) provided by financing activities $ (9,575) $ 2,527 $ (12,102) Operating Activities • Net cash provided by operating activities increased primarily due to an increase in cash collected for rent resulting from property acquisitions and annual rent increases, and an increase in interest income from mezzanine loans, partially offset by property dispositions, vacancies, lease terminations, an increase in interest paid on our Unsecured Credit Facility, and a decrease in dividend income from money market funds.”

SILA 10-Q

restructuring

“We recorded impairment losses of $6,792,000 during the nine months ended September 30, 2025, of which $3,261,000 was a result of a tenant at a single-tenant property who vacated its leased space during the current year and $3,531,000 was a result of the impacts of a lease termination at the Stoughton Healthcare Facility in the prior year, based on inputs that are derived principally from observable market data related to the marketing for sale of the asset.”

SILA 10-Q