Ltc Properties Stock Price, News & Analysis

LTC Properties, Inc. (NYSE:LTC) has declared a monthly cash dividend of $0.19 per common share for January, February, and March 2023. The dividends are payable on January 31, February 28, and March 31, 2023, to stockholders of record on January 23, February 17, and March 23, 2023, respectively. LTC is a real estate investment trust focused on seniors housing and health care properties, with an investment portfolio of 204 properties across 29 states. This consistent dividend underscores the company’s ongoing commitment to shareholder returns.

LTC Properties Inc. (NYSE: LTC) recently announced its participation in the NAREIT REITWorld 2022 Investor Conference, scheduled for November 15-16, 2022, in San Francisco. LTC, a real estate investment trust focused on seniors housing and healthcare properties, will share insights during this event. Their presentation package will be accessible online at LTC's Investor Relations page. LTC's investment portfolio comprises 204 properties across 29 states, evenly split between seniors housing and skilled nursing facilities.

LTC Properties, Inc. (NYSE: LTC) reported robust third-quarter results for the period ending September 30, 2022, with a net income of $13.2 million and diluted EPS of $0.32, rising from $10.9 million and $0.28 respectively in 2021. NAREIT FFO reached $24.2 million ($0.60 per share), up from $17.7 million ($0.45). Key drivers included higher rental income from acquisitions and transitioned portfolios, totaling $60.8 million in rental income. However, costs rose due to higher interest expenses and provisions for credit losses. LTC anticipates net income of $700,000 in Q4 from new investments and a total of $4.6 million in 2023.

LTC Properties, Inc. (NYSE:LTC) will announce its third quarter earnings on October 27, 2022, post-market. A conference call to discuss the operational results for the period ending September 30, 2022 is scheduled for October 28, 2022, at 8:00 a.m. Pacific. Stakeholders can access the live call via www.LTCReit.com or through toll-free numbers provided. The replay will be available for one month, enhancing transparency for investors and analysts. LTC invests in seniors housing and healthcare properties across the U.S.

LTC Properties, Inc. (NYSE:LTC) has declared a monthly cash dividend of $0.19 per share for the fourth quarter of 2022. This dividend will be payable on October 31, November 30, and December 30, with record dates of October 21, November 22, and December 22, respectively. The company operates a diverse portfolio of 205 properties across 29 states, primarily focused on seniors housing and skilled nursing facilities, making significant investments in real estate through sale-leasebacks and mortgage financing.

LTC Properties, Inc. (NYSE: LTC) has announced a joint venture to acquire three skilled nursing centers in northern Florida, contributing $62 million. The centers, constructed between 2018 and 2021, feature 299 licensed beds and will operate under a 10-year master lease with PruittHealth, Inc. LTC expects net rent of $777,000 in the latter half of 2022 and $4.6 million in 2023. This investment raises LTC's total investments to over $170 million in 2022, focusing on expanding their portfolio in seniors housing and healthcare.

LTC Properties, Inc. (NYSE: LTC) reported strong second-quarter 2022 results, with net income available to common stockholders increasing to $54.1 million from $18.1 million year-over-year. Diluted earnings per share rose to $1.36 compared to $0.46 in Q2 2021. NAREIT FFO attributable to common stockholders was $25.4 million, leading to a FFO per share of $0.64. LTC acquired four skilled nursing centers for $51.5 million and completed several sales, including three assisted living communities for $43.7 million. However, temporary rent reductions totaling $1.5 million were provided.

LTC Properties, Inc. (NYSE:LTC) is set to release its second quarter earnings on July 28, 2022, after market close. A conference call will be held on July 29, 2022, at 8:00 a.m. Pacific / 11:00 a.m. Eastern to discuss the quarter's performance and operating results. LTC is a real estate investment trust focusing on seniors housing and health care properties, managing a portfolio of 202 properties across 29 states. The company employs strategies like sale-leasebacks and structured finance solutions.

LTC Properties, Inc. (NYSE:LTC) has declared a monthly cash dividend of $0.19 per common share for the third quarter of 2022. The dividends are scheduled for payment on July 29, August 31, and September 30, 2022, to stockholders of record on July 21, August 23, and September 22, 2022, respectively. LTC operates as a real estate investment trust, focusing on seniors housing and health care properties, with an investment portfolio of 202 properties across 29 states.