Welcome to our dedicated page for Ltc Properties news (Ticker: LTC), a resource for investors and traders seeking the latest updates and insights on Ltc Properties stock.
LTC Properties Inc (LTC) is a leading healthcare-focused real estate investment trust specializing in senior housing and medical care facilities. This dedicated news hub provides investors and industry observers with essential updates on the company's strategic initiatives, financial performance, and market positioning.
Access authoritative reports on quarterly earnings, property portfolio expansions, and partnership developments within the senior living sector. Our curated collection includes press releases detailing lease transactions, mortgage financing arrangements, and operational milestones across LTC's network of assisted living communities and skilled nursing centers.
Key updates cover critical areas including capital deployment strategies, dividend announcements, and regulatory compliance matters specific to healthcare REITs. Bookmark this page for real-time insights into LTC's investments in memory care facilities and independent living communities, essential for monitoring trends in aging population infrastructure.
Check back regularly for verified information on leadership changes, analyst commentary, and industry benchmarking reports. This resource eliminates the need to scour multiple sources, providing a centralized repository for informed decision-making about healthcare real estate investments.
LTC Properties reported strong fourth quarter 2024 results, highlighting progress in its RIDEA strategy implementation, with initial transactions expected in Q2. Total revenues increased due to several factors, including one-time straight-line rental income and rent increases from fair-market resets.
The company's financial position showed improvements with decreased expenses, primarily due to lower interest costs and reduced provision for credit losses. Notable transactions included receiving a $51.1 million mortgage loan payoff from a Georgia property and selling a Colorado property for $5.3 million with a $1.1 million gain.
LTC enhanced its financial flexibility by establishing a new $400 million equity distribution agreement, replacing its previous $200 million agreement. The company's total liquidity stood at $680.4 million as of December 31, 2024, including $9.4 million cash on hand and $280.7 million available under its revolving credit line.
LTC Properties (NYSE: LTC) has announced it will release its fourth quarter 2024 earnings on Monday, February 24, 2025, after market close. The company will host a conference call on Tuesday, February 25, 2025, at 8:00 a.m. Pacific / 11:00 a.m. Eastern to discuss the quarter's performance and operating results for the period ended December 31, 2024.
The conference call will be accessible via webcast at www.LTCReit.com or by phone using toll-free and international numbers. A replay will be available for two weeks until March 11, 2025. The earnings release and supplemental information package will be available on the company's investor relations website.
LTC Properties (NYSE: LTC) has announced its monthly cash dividend schedule for the first quarter of 2025. The company will distribute $0.19 per common share for each month of the quarter. The dividends will be paid on the following schedule:
- January: Record date January 23, payment date January 31
- February: Record date February 20, payment date February 28
- March: Record date March 21, payment date March 31
LTC Properties announced key leadership changes effective December 31, 2024, as part of its succession plan. Wendy Simpson, who has served as CEO since 2007, will become Executive Chairman of the Board. Pam Kessler and Clint Malin, both current Co-Presidents, have been promoted to Co-Chief Executive Officers. Cece Chikhale, currently Chief Accounting Officer, will assume the role of Chief Financial Officer.
The company is actively searching for a new Chief Investment Officer to succeed Malin, who will maintain this function until a replacement is found. These appointments recognize the executives' long-term contributions to LTC and align with the company's strategy for a new growth phase through ongoing investments and the addition of a RIDEA structure to its business.
LTC Properties (NYSE: LTC), a real estate investment trust focused on seniors housing and health care properties, has announced its participation in Nareit's REITworld 2024: Annual Conference. The event will take place on November 19-20 in Las Vegas. The company's senior management will be present, and investors can access the presentation materials through LTC's investor relations website at ir.ltcreit.com/Investors.
LTC Properties reported strong Q3 2024 results with total revenues increasing to $55.8M from $49.3M year-over-year. Net income available to common stockholders rose to $29.2M ($0.66 per share) from $22.1M ($0.54 per share). The company improved liquidity through balance sheet de-levering, including repayment of $41.6M under its unsecured revolving line of credit and $34.2M in scheduled principal paydowns. Notable transactions include a $26.1M mortgage loan commitment for an Illinois facility, receipt of $29.3M from a Louisiana mortgage loan payoff, and sale of a Texas assisted living community for $8M. Post-quarter, LTC's liquidity stands at $285.5M.
LTC Properties Inc. (NYSE: LTC) has announced the date for its third quarter 2024 earnings release and conference call. The company will release its earnings on Monday, October 28, 2024 after market close. A conference call to discuss the performance and operating results for the quarter ended September 30, 2024, will be held on Tuesday, October 29, 2024, at 8:00 a.m. Pacific / 11:00 a.m. Eastern.
Interested parties can access the live conference call via webcast at www.LTCReit.com or by phone using the provided toll-free and international numbers. A replay of the call will be available one hour after the live call through November 12, 2024. The earnings release and supplemental information package will be accessible on the company's investor relations website.
LTC Properties Inc. (NYSE: LTC) has announced its monthly cash dividend for the fourth quarter of 2024. The company will distribute $0.19 per common share for each month of the quarter. The dividend payments are scheduled as follows:
- October 31, 2024 (Record Date: October 23, 2024)
- November 29, 2024 (Record Date: November 21, 2024)
- December 31, 2024 (Record Date: December 23, 2024)
This declaration demonstrates LTC's commitment to providing consistent returns to its shareholders through regular dividend payments.
LTC Properties, a real estate investment trust focused on seniors housing and health care properties, has announced its participation in the 2024 NYSE Real Estate Investor Access Day. The event is scheduled for Thursday, August 8, 2024. LTC's senior management will be present at this significant industry gathering.
Investors and interested parties can access LTC's presentation package online through the company's investor relations website at https://ir.ltcreit.com/Investors. This presentation is expected to provide valuable insights into LTC's business strategy, portfolio performance, and future outlook in the seniors housing and healthcare real estate sectors.
The NYSE Real Estate Investor Access Day offers a platform for real estate companies to connect with investors and showcase their investment opportunities. LTC's participation underscores its commitment to transparency and engagement with the investment community.
LTC Properties, a REIT focusing on seniors housing and health care properties, reported its 2024 second quarter results. Key highlights include:
- Total revenues increased to $50.1 million, up from $48.2 million in Q2 2023
- Net income available to common stockholders rose to $19.2 million ($0.44 per diluted share), compared to $6.0 million ($0.15 per share) in Q2 2023
- NAREIT FFO attributable to common stockholders increased to $28.2 million ($0.65 per diluted share)
- The company made several portfolio updates, including a $12.7 million mortgage loan origination and restructuring agreements with ALG Senior
- LTC's total liquidity stood at $189.3 million as of June 30, 2024
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