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Sep 30, 2020
LTC Properties Q3 2020 Earnings Report
LTC's performance remained fairly stable despite the impacts of COVID-19, with FAD showing a slight decrease compared to the same period last year.
Key Takeaways
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.
Net income available to common stockholders was $12.1 million, or $0.31 per diluted share.
Funds from Operations (FFO) was $22.8 million, or $0.58 per diluted common share.
Funds available for distribution (FAD) was $28.2 million.
The decline in FAD was partially related to lower rents received from Senior Lifestyle, though rents have increased in recent months compared to the second quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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