What is Ltc Properties's earnings per share (EPS)?

Ltc Properties (LTC) reported diluted earnings per share of $2.52 for fiscal year 2025. This represents a 23.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ltc Properties Financials

LTC

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Ltc Properties (LTC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LTC FY2025 2026-05-06

LTC's cash-generating asset base funds dividends, while balance-sheet financing still powers periods of heavier investment.

Across FY2023-FY2025, net income and operating cash flow stayed close—from $91.5M to $123.9M for earnings and $104.5M to $136.0M for cash—so reported profit is translating into cash with relatively little slippage. Yet FY2025 investment spending outran internal funding: investing cash outflow reached $269.9M, about 2.0x operating cash flow, which matched financing inflow of $138.9M and a larger asset base.

The payout is supported more by ongoing operating inflows than by a large cash cushion. FY2025 cash on hand was only $14.4M, but operating cash flow of $136.0M still exceeded dividends paid of $107.4M, so the distribution model depends on cash arriving each year rather than cash sitting idle.

The balance sheet shows a reset before re-expansion, not a straight line into heavier leverage. Debt-to-equity improved from 1.0x in FY2023 to 0.7x in FY2024, then ended FY2025 at 0.8x while return on equity rose to 11.5%, suggesting new growth was layered onto a stronger equity base than two years earlier.

Financial Health Signals

Financial Health Score 55/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Ltc Properties's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Growth

Leverage

Interest Cov.

AFFO Margin

Dividend Cov.

Piotroski F-Score Partial

5/7

Ltc Properties passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.10x

For every $1 of reported earnings, Ltc Properties generates $1.10 in operating cash flow ($136.0M OCF vs $123.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

5.8x

Ltc Properties earns $5.8 in operating income for every $1 of interest expense ($204.7M vs $35.3M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$262.9M

YoY+25.3%

5Y CAGR+10.5%

10Y CAGR+6.8%

Ltc Properties generated $262.9M in revenue in fiscal year 2025. This represents an increase of 25.3% from the prior year.

EBITDA

$242.6M

YoY+2.9%

5Y CAGR+12.5%

10Y CAGR+9.3%

Ltc Properties's EBITDA was $242.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.9% from the prior year.

Net Income

$123.9M

YoY+30.6%

5Y CAGR+5.4%

10Y CAGR+5.4%

Ltc Properties reported $123.9M in net income in fiscal year 2025. This represents an increase of 30.6% from the prior year.

EPS (Diluted)

$2.52

YoY+23.5%

5Y CAGR+0.8%

10Y CAGR+2.7%

Ltc Properties earned $2.52 per diluted share (EPS) in fiscal year 2025. This represents an increase of 23.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$14.4M

YoY+52.8%

5Y CAGR+13.1%

10Y CAGR+1.1%

Ltc Properties held $14.4M in cash against $842.2M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.19

YoY+0.0%

5Y CAGR-39.2%

10Y CAGR-21.2%

Ltc Properties paid $0.19 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

48M

YoY+6.5%

5Y CAGR+4.3%

10Y CAGR+2.6%

Ltc Properties had 48M shares outstanding in fiscal year 2025. This represents an increase of 6.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

77.9%

YoY-17.1pp

5Y CAGR+17.9pp

10Y CAGR+26.0pp

Ltc Properties's operating margin was 77.9% in fiscal year 2025, reflecting core business profitability. This is down 17.1 percentage points from the prior year.

Net Margin

47.1%

YoY+1.9pp

5Y CAGR-12.7pp

10Y CAGR-6.5pp

Ltc Properties's net profit margin was 47.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.

Return on Equity

11.5%

YoY+1.6pp

5Y CAGR-0.9pp

10Y CAGR+0.4pp

Ltc Properties's ROE was 11.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

LTC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$262.9M+25.3%	$209.8M+6.4%	$197.2M+12.6%	$175.2M+12.8%	$155.3M-2.5%	$159.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$31.1M+14.2%	$27.2M+12.2%	$24.3M+2.4%	$23.7M+10.5%	$21.5M+8.9%	$19.7M
Operating Income	$204.7M+2.7%	$199.4M+7.5%	$185.5M+87.2%	$99.1M+80.8%	$54.8M-42.7%	$95.6M
Interest Expense	$35.3M-12.5%	$40.3M-14.2%	$47.0M+49.5%	$31.4M+14.8%	$27.4M-7.8%	$29.7M
Income Tax	$179K	$0	$0	$0	$0	$0
Net Income	$123.9M+30.6%	$94.9M+3.7%	$91.5M-9.1%	$100.6M+78.9%	$56.2M-41.0%	$95.3M
EPS (Diluted)	$2.52+23.5%	$2.04-5.6%	$2.16-12.9%	$2.48+75.9%	$1.41-41.7%	$2.42

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$95.4M+13.2%	$84.3M+21.7%	$69.3M+15.0%	$60.2M+22.9%	$49.0M-6.8%	$52.6M-5.7%	$55.8M+11.3%	$50.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$8.6M+4.9%	$8.2M+8.7%	$7.5M-10.9%	$8.4M+21.2%	$7.0M	N/A	$6.8M+0.1%	$6.8M
Operating Income	$56.4M-0.8%	$56.9M+14.3%	$49.8M+2.7%	$48.5M-2.3%	$49.6M	N/A	$53.3M+179.5%	$19.1M
Interest Expense	$10.8M+1.8%	$10.6M+20.4%	$8.8M+9.7%	$8.0M+1.3%	$7.9M	N/A	$10.0M-8.1%	$10.9M
Income Tax	$110K	N/A	$42K+151.9%	-$81K	N/A	N/A	N/A	N/A
Net Income	$23.6M-78.2%	$108.1M+640.7%	-$20.0M-232.5%	$15.1M-27.0%	$20.7M	N/A	$29.4M+51.7%	$19.4M
EPS (Diluted)	$0.48	N/A	$-0.44-237.5%	$0.32-28.9%	$0.45+15.4%	$0.39-40.9%	$0.66+50.0%	$0.44

LTC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.1B+15.4%	$1.8B-3.7%	$1.9B+12.0%	$1.7B+10.1%	$1.5B+3.1%	$1.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$14.4M+52.8%	$9.4M-53.6%	$20.3M+95.5%	$10.4M+101.1%	$5.2M-33.6%	$7.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$3.1M	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$899.7M+22.7%	$733.1M-21.9%	$938.8M+16.5%	$805.8M+6.1%	$759.7M+11.1%	$683.7M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$842.2M+23.0%	$684.6M-23.2%	$891.3M+16.1%	$767.9M+6.2%	$722.7M+11.3%	$649.4M
Total Equity	$1.1B+11.9%	$960.6M+9.0%	$881.3M+6.4%	$828.4M+12.4%	$736.7M-4.0%	$767.4M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$2.1B+2.0%	$2.1B+0.9%	$2.0B+13.9%	$1.8B+1.1%	$1.8B-0.6%	$1.8B-4.6%	$1.9B-1.0%	$1.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$21.7M+50.6%	$14.4M-19.8%	$17.9M+135.7%	$7.6M-67.3%	$23.3M+147.5%	$9.4M-73.1%	$35.0M+467.5%	$6.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$4.4M+40.7%	$3.1M	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$919.3M+2.2%	$899.7M-10.0%	$999.2M+33.1%	$750.5M+3.3%	$726.2M-0.9%	$733.1M-11.7%	$830.2M-8.6%	$908.0M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$867.4M+3.0%	$842.2M-10.8%	$944.5M+35.6%	$696.5M+2.1%	$682.2M-0.4%	$684.6M-12.8%	$785.3M-8.8%	$861.0M
Total Equity	$1.1B+3.3%	$1.1B+12.2%	$957.9M0.0%	$957.5M-0.5%	$961.9M+0.1%	$960.6M+1.4%	$947.8M+6.6%	$889.1M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LTC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$136.0M+8.0%	$125.9M+20.5%	$104.5M-1.0%	$105.6M+15.8%	$91.2M-21.5%	$116.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$269.9M-397.7%	$90.7M+151.8%	-$174.9M-45.8%	-$119.9M-71.9%	-$69.8M-258.9%	$43.9M
Financing Cash Flow	$138.9M+161.1%	-$227.4M-383.1%	$80.3M+310.2%	$19.6M+181.6%	-$24.0M+84.7%	-$156.5M
Dividends Paid	$107.4M+6.8%	$100.5M+6.1%	$94.8M+3.6%	$91.5M+1.1%	$90.5M+0.3%	$90.3M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$18.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$30.8M-18.9%	$37.9M-1.3%	$38.4M+28.0%	$30.0M+1.5%	$29.6M-12.7%	$33.9M-0.3%	$34.0M-8.1%	$37.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$56.8M-220.4%	$47.2M+116.2%	-$290.4M-657.7%	-$38.3M-429.6%	$11.6M-76.9%	$50.3M+21.5%	$41.4M+286.3%	-$22.2M
Financing Cash Flow	$33.3M+137.6%	-$88.6M-133.8%	$262.3M+3650.7%	-$7.4M+73.0%	-$27.3M+75.1%	-$109.8M-136.2%	-$46.5M-164.5%	-$17.6M
Dividends Paid	$29.2M+6.5%	$27.4M+3.5%	$26.5M+0.6%	$26.3M-3.5%	$27.3M+5.5%	$25.8M+2.2%	$25.3M+2.0%	$24.8M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LTC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	77.9%-17.1pp	95.0%+1.0pp	94.0%+37.5pp	56.6%+21.3pp	35.3%-24.7pp	60.0%
Net Margin	47.1%+1.9pp	45.2%-1.2pp	46.4%-11.1pp	57.4%+21.2pp	36.2%-23.6pp	59.8%
Return on Equity	11.5%+1.6pp	9.9%-0.5pp	10.4%-1.8pp	12.1%+4.5pp	7.6%-4.8pp	12.4%
Return on Assets	6.0%+0.7pp	5.3%+0.4pp	4.9%-1.1pp	6.1%+2.3pp	3.7%-2.8pp	6.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.78+0.1	0.71-0.3	1.01+0.1	0.93-0.1	0.98+0.1	0.85
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	59.1%-8.4pp	67.5%-4.4pp	71.9%-8.6pp	80.5%-20.7pp	101.1%	N/A	95.5%+57.5pp	38.0%
Net Margin	24.7%-103.5pp	128.3%+157.1pp	-28.9%-53.9pp	25.1%-17.1pp	42.2%	N/A	52.6%+14.0pp	38.6%
Return on Equity	2.1%-7.9pp	10.1%+12.2pp	-2.1%-3.7pp	1.6%-0.6pp	2.1%	N/A	3.1%+0.9pp	2.2%
Return on Assets	1.1%-4.1pp	5.2%+6.2pp	-1.0%-1.8pp	0.8%-0.3pp	1.2%	N/A	1.6%+0.5pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.780.0	0.78-0.2	0.99+0.3	0.73+0.0	0.710.0	0.71-0.1	0.83-0.1	0.97
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Ltc Properties's annual revenue?

Ltc Properties (LTC) reported $262.9M in total revenue for fiscal year 2025. This represents a 25.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ltc Properties's revenue growing?

Ltc Properties (LTC) revenue grew by 25.3% year-over-year, from $209.8M to $262.9M in fiscal year 2025.

Is Ltc Properties profitable?

Yes, Ltc Properties (LTC) reported a net income of $123.9M in fiscal year 2025, with a net profit margin of 47.1%.

What is Ltc Properties's EBITDA?

Ltc Properties (LTC) had EBITDA of $242.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Ltc Properties have?

As of fiscal year 2025, Ltc Properties (LTC) had $14.4M in cash and equivalents against $842.2M in long-term debt.

What is Ltc Properties's operating margin?

Ltc Properties (LTC) had an operating margin of 77.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Ltc Properties's net profit margin?

Ltc Properties (LTC) had a net profit margin of 47.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Ltc Properties pay dividends?

Yes, Ltc Properties (LTC) paid $0.19 per share in dividends during fiscal year 2025.

What is Ltc Properties's return on equity (ROE)?

Ltc Properties (LTC) has a return on equity of 11.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Ltc Properties's operating cash flow?

Ltc Properties (LTC) generated $136.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ltc Properties's total assets?

Ltc Properties (LTC) had $2.1B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Ltc Properties have outstanding?

Ltc Properties (LTC) had 48M shares outstanding as of fiscal year 2025.

What is Ltc Properties's debt-to-equity ratio?

Ltc Properties (LTC) had a debt-to-equity ratio of 0.78 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ltc Properties's return on assets (ROA)?

Ltc Properties (LTC) had a return on assets of 6.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ltc Properties's Piotroski F-Score?

Ltc Properties (LTC) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ltc Properties's earnings high quality?

Ltc Properties (LTC) has an earnings quality ratio of 1.10x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Ltc Properties cover its interest payments?

Ltc Properties (LTC) has an interest coverage ratio of 5.8x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Ltc Properties?

Ltc Properties (LTC) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.