Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of the Notional Amount and Fair Value of Derivative Instruments

The following table summarizes the notional amount and fair value of the Company’s derivative instruments (amounts in thousands):


Derivatives Designated as Hedging Instruments	Weighted Average Fixed Interest Rate	Effective Dates	Maturity Dates	June 30, 2025						December 31, 2024
				Outstanding Notional Amount		Fair Value of				Outstanding Notional Amount		Fair Value of
						Assets		(Liabilities)				Assets		(Liabilities)


Interest rate swaps(1)	2.83%	05/02/2022 to 05/01/2023	01/31/2028	275,000		4,168		(477)		275,000		9,261		—
Interest rate swaps(1)	3.76%	12/31/2024	03/20/2029	250,000		—		(3,538)		250,000		2,095		—
				$	525,000	$	4,168	$	(4,015)	$	525,000	$	11,356	$	—

(1) Derivative assets and liabilities are reported in the condensed consolidated balance sheets as other assets and accounts payable and other liabilities, respectively.

Schedule of Income and Losses Recognized on Derivative Instruments

The table below summarizes the amount of income and loss recognized on the interest rate derivatives designated as cash flow hedges for the three and six months ended June 30, 2025 and 2024 (amounts in thousands):


Derivatives in Cash Flow Hedging Relationships	Amount of (Loss) Income Recognized in Other Comprehensive Income on Derivatives		Location of (Loss) Income Reclassified From Accumulated Other Comprehensive Income to Net Income	Amount of Income Reclassified From Accumulated Other Comprehensive Income to Net Income		Total Amount of Line Item in Condensed Consolidated Statements of Comprehensive Income
Three Months Ended June 30, 2025
Interest rate swaps	$	(2,670)	Interest expense	$	1,395	$	(7,829)

Three Months Ended June 30, 2024
Interest rate swaps	$	2,393	Interest expense	$	4,508	$	(5,193)

Six Months Ended June 30, 2025
Interest rate swaps	$	(8,415)	Interest expense	$	2,788	$	(15,154)

Six Months Ended June 30, 2024
Interest rate swaps	$	9,786	Interest expense	$	9,033	$	(10,487)

Schedule of Offsetting of Derivative Assets

The following tables present the effect on the Company’s financial position had the Company made the election to offset its derivative positions as of June 30, 2025 and December 31, 2024 (amounts in thousands):


Offsetting of Derivative Assets
							Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Balance Sheet		Net Amounts of Assets Presented in the Balance Sheet		Financial Instruments Collateral		Cash Collateral		Net Amount
June 30, 2025	$	4,168	$	—	$	4,168	$	(649)	$	—	$	3,519
December 31, 2024	$	11,356	$	—	$	11,356	$	—	$	—	$	11,356

Schedule of Offsetting of Derivative Liabilities


Offsetting of Derivative Liabilities
							Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Liabilities Presented in the Balance Sheet		Financial Instruments Collateral		Cash Collateral		Net Amount
June 30, 2025	$	4,015	$	—	$	4,015	$	(649)	$	—	$	3,366
December 31, 2024	$	—	$	—	$	—	$	—	$	—	$	—

Sila Realty Trust, Inc. 10-Q