LTC Properties delivered significant revenue growth of 60% year-over-year, primarily fueled by its strategic shift toward SHOP investments. The company reported a substantial increase in net income due to a $78 million gain on the sale of skilled nursing centers and introduced 2026 guidance reflecting continued portfolio evolution.
LTC Properties saw a $10.1M increase in revenue, largely from SHOP portfolio expansions, but net income declined due to higher operating and transaction costs. Core FFO and Core FAD improved, supported by growth initiatives and a strong investment pipeline.
LTC Properties announced its first quarter 2025 operating results, with total revenues of $49.031 million and net income available to common stockholders of $20.517 million. The company transitioned 12 properties to a new SHOP portfolio and issued full-year 2025 guidance.
LTC Properties, a real estate investment trust, reported a strong fourth quarter in 2024, with total revenues increasing to $52.58 million from $50.19 million in the prior year. Net income available to common stockholders decreased to $17.91 million from $28.06 million, while diluted earnings per common share were $0.39, down from $0.67. The company made significant progress on its RIDEA strategy, with initial transactions expected in the second quarter of 2025.
LTC Properties reported increased revenues and net income for Q2 2024, driven by higher interest income from loan originations and insurance proceeds. Expenses decreased due to the absence of an impairment loss and lower interest expense, offset by increased general and administrative expenses and credit loss provisions. The company originated a $12.7 million mortgage loan and engaged in joint venture investments with ALG Senior.
LTC Properties reported a net income available to common stockholders of $24.065 million and a diluted earnings per common share of $0.56 for the first quarter of 2024. The results were impacted by higher rental revenue, higher interest income from mortgage loans, lower interest and other income, higher interest expense, a decrease in provision for credit losses, and a $3.3 million net gain on sale.
LTC Properties reported a net income available to common stockholders of $28.06 million, or $0.67 per diluted share, for the fourth quarter of 2023. The company substantially reduced leverage and addressed portfolio challenges, positioning it for future growth.
LTC Properties reported a net income available to common stockholders of $22.05 million and diluted earnings per common share of $0.54 for the third quarter ended September 30, 2023. The results were impacted by higher interest income from financing receivables and mortgage loans, as well as higher interest expense.
LTC Properties reported a net income available to common stockholders of $6.03 million and a diluted earnings per common share of $0.15 for the second quarter ended June 30, 2023. The results were impacted by higher interest income from financing receivables and mortgage loans, offset by lower interest income from mezzanine loans and higher interest expense. The company also recorded a $12.1 million impairment loss.
LTC Properties announced its operating results for the first quarter ended March 31, 2023, with the financial results reflecting the company's investments in seniors housing and health care properties.
LTC Properties announced its operating results for the fourth quarter ended December 31, 2022, with financial results being impacted during the quarter.
LTC Properties announced its operating results for the third quarter ended September 30, 2022. The results were impacted by completed transactions during and subsequent to the quarter.
LTC Properties announced its operating results for the second quarter ended June 30, 2022, with results being impacted by completed transactions during and subsequent to the quarter.
LTC Properties, Inc. announced its operating results for the first quarter ended March 31, 2022.
LTC Properties, Inc. announced its operating results for the fourth quarter ended December 31, 2021. The results were impacted by completed transactions during the quarter.
LTC Properties announced its operating results for the third quarter ended September 30, 2021. During the third quarter of 2021, LTC completed certain transactions, and subsequent to September 30, 2021, LTC completed additional transactions.
LTC Properties reported a net income of $18.1 million, or $0.46 per diluted share, for the second quarter of 2021. Funds from Operations (FFO) was $22.2 million, or $0.57 per diluted share. Funds available for distribution (FAD) was $22.8 million.
LTC Properties announced its Q1 2021 results, with a net income of $13.6 million, or $0.35 per diluted share, and FFO of $24.3 million, or $0.62 per diluted share. These figures represent a decrease compared to the same period in 2020, which saw a net income of $63.4 million, or $1.60 per diluted share, and FFO of $29.2 million, or $0.74 per diluted share.
LTC Properties announced operating results for the fourth quarter ended December 31, 2020, with net income available to common stockholders at $17.5 million, or $0.45 per diluted share. Funds from Operations (FFO) was $30.4 million, or $0.78 per share, and Funds available for distribution (FAD) was $30.7 million for the same period.
LTC Properties reported a net income of $12.1 million, or $0.31 per diluted share, for the third quarter of 2020. FFO was $22.8 million, or $0.58 per diluted common share, and FAD was $28.2 million.
LTC Properties reported a decrease in net income for the second quarter of 2020, primarily due to a non-recurring write-off related to Senior Lifestyle and a loss on the liquidation of a joint venture. However, this was partially offset by higher rental and interest income from acquisitions and mortgage funding.
LTC Properties announced its Q1 2020 results, with net income available to common stockholders at $63.4 million, or $1.60 per diluted share, compared to $20.3 million, or $0.51 per diluted share, for the same period in 2019. FFO was $29.2 million for the 2020 first quarter, compared with $29.9 million for the comparable 2019 period.
LTC Properties announced its Q4 2019 results, with net income available to common stockholders at $12.4 million, or $0.31 per diluted share. Funds From Operations (FFO) was $32.4 million, or $0.81 per diluted common share.