LTC Properties

Q4 2025 +1.36%Q3 2025 -0.39%Q2 2025 +1.30%Q1 2025 +2.86%Q4 2024 -0.77%Q3 2024 +7.33%Q2 2024 -6.97%Q1 2024 +1.66%Q4 2023 +1.71%Q3 2023 -1.83%Q2 2023 -3.15%Q1 2023 -0.33%Q4 2022 +3.06%Q3 2022 -0.03%Q2 2022 +4.18%Q1 2022 -1.23%Q4 2021 -1.62%Q3 2021 -6.27%Q2 2021 -2.80%Q1 2021 0.00%Q4 2020 -1.48%Q3 2020 +1.76%Q2 2020 -4.67%Q1 2020 +2.77%Q4 2019 +2.43%Q3 2019 -2.36%Q2 2019 +2.44%Q1 2019 +1.31%Q4 2018 -3.53%Q3 2018 +7.68%Q2 2018 +0.89%Q1 2018 +4.70%Q4 2017 +1.51%Q3 2017 -0.70%Q2 2017 -4.01%Q1 2017 -2.70%Q4 2016 +0.60%Q3 2016 -4.87%Q2 2016 -1.23%Q1 2016 +2.44%Q4 2015 -0.30%Q3 2015 +1.05%Q2 2015 -1.34%Q1 2015 -1.85%Q4 2014 +0.34%Q3 2014 +0.91%Q2 2014 +0.65%Q1 2014 +0.36%Q4 2013 +0.30%Q3 2013 -1.85%Q2 2013 +2.48%Q1 2013 -1.15%Q4 2012 +1.47%Q3 2012 -3.43%Q2 2012 -3.57%Q1 2011 -0.31%Q4 2011 -0.31%Q1 2012 +0.84%Q1 2010 +3.38%Q4 2009 +3.38%Q3 2010 +5.30%Q3 2011 +5.30%Q2 2010 -4.54%Q2 2011 -4.54%Q4 2010 -4.54%

Oct 26, 2023

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Sep 30, 2023

LTC Properties Q3 2023 Earnings Report

LTC Properties' third quarter results for 2023 were announced, along with a discussion of recent activities.

Key Takeaways

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.

Originated a $17.0 million mezzanine loan with an affiliate of Galerie Living.

Committed to fund a $19.5 million mortgage loan for the construction of an 85-unit assisted living and memory care community in Michigan.

Sold five assisted living communities with a total of 247 units for $14.1 million.

Amended the new Brookdale master lease commencing on January 1, 2024 to add seven additional properties.

Total Revenue

$49.5M

Previous year: $31.6M