Ltc Properties Financials
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).
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
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
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.
Ltc Properties has an operating margin of 77.9%, meaning the company retains $78 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 95.0% the prior year.
Ltc Properties's revenue surged 25.3% year-over-year to $262.9M, reflecting rapid business expansion. This strong growth earns a score of 59/100.
Ltc Properties carries a low D/E ratio of 0.78, meaning only $0.78 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.
Ltc Properties's ROE of 11.5% shows moderate profitability relative to equity, earning a score of 35/100. This is up from 9.9% the prior year.
Ltc Properties passes 5 of 9 financial strength tests. 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.
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.
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
Earnings & Revenue
Ltc Properties generated $262.9M in revenue in fiscal year 2025. This represents an increase of 25.3% from the prior year.
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.
Ltc Properties reported $123.9M in net income in fiscal year 2025. This represents an increase of 30.6% from the prior year.
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
Ltc Properties held $14.4M in cash against $842.2M in long-term debt as of fiscal year 2025.
Ltc Properties paid $0.19 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Ltc Properties had 48M shares outstanding in fiscal year 2025. This represents an increase of 6.5% from the prior year.
Margins & Returns
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.
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.
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
LTC Income Statement
| 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 | 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 | 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 | 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 |
Similar Companies
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.
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 9, indicating neutral financial health. 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 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.