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Mar 31, 2020
LTC Properties Q1 2020 Earnings Report
LTC Properties reported first quarter results, showing increased net income primarily due to net gain on sale of properties and higher rental and interest income.
Key Takeaways
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.
Net income available to common stockholders was $63.4 million, or $1.60 per diluted share.
FFO was $29.2 million.
FFO per diluted common share was $0.74.
Improvement in net income was primarily due to a $43.9 million net gain on sale of properties and higher rental and interest income.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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