Ltc Properties Stock Price, News & Analysis

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.

LTC Properties Inc. (NYSE: LTC), a real estate investment trust focused on seniors housing and healthcare properties, will participate in the NAREIT REITWeek 2022 Investor Conference from June 7 to June 9, 2022, in New York. The company will present a package available online, outlining its investment strategies and portfolio, which includes 202 properties across 29 states, equally divided between seniors housing and skilled nursing facilities. For further details, visit LTC's investor page.

LTC Properties, Inc. (NYSE: LTC) announced the issuance of $75 million in senior unsecured notes at a 3.66% interest rate, maturing on May 17, 2033. The funds will support growth initiatives and pay down existing debt. Year-to-date, LTC has invested approximately $113 million and realized a net gain of $38 million from asset sales. The company also amended its senior unsecured note agreements for compliance with its credit covenants. CEO Wendy Simpson noted that this financing enhances liquidity amid rising interest rates.

LTC Properties, Inc. (NYSE: LTC) announced a $36.0 million investment for refinancing debt on four assisted living communities in North Carolina, comprising 217 units, and a land parcel for future development. The financing includes a $35.1 million mortgage loan and a $826,000 loan for land, both with a four-year term at a 7.25% interest rate. Year-to-date, LTC has invested over $110 million in new constructions, demonstrating its strategy to capitalize on strategic opportunities.

LTC Properties reported its Q1 2022 results, highlighting a net income of $14.3 million ($0.36 per share) compared to $13.6 million ($0.35 per share) in Q1 2021. NAREIT FFO attributable to common stockholders declined to $23.6 million from $24.3 million year-over-year. Key factors affecting results included lower rental income due to transitions in property management and lease terminations, partially offset by increased income from newly transitioned properties and higher interest income from mortgage loans. LTC originated a $25 million mezzanine loan and completed other significant transactions to enhance its portfolio.

LTC Properties, Inc. (NYSE:LTC) will release its first quarter earnings on April 28, 2022, after market close. A conference call is scheduled for April 29, 2022, at 8:00 a.m. Pacific to discuss performance for the quarter ending March 31, 2022. LTC, a real estate investment trust focusing on seniors housing and health care properties, has a portfolio of 202 properties across 29 states. Investors can access the earnings release and supplemental information on the company’s website.

LTC Properties, Inc. (NYSE: LTC) has expanded its partnership with Ignite Medical Resorts by acquiring four LuxeRehab centers in Texas for approximately $52 million. The centers have a total of 339 beds and will operate under a 10-year lease with Ignite, featuring rent escalation based on Medicare rates. LTC expects to receive about $1.0 million in rent per quarter by late 2022 and approximately $4.3 million in 2023. LTC is committed to growth and new investments while continuing to support Ignite.