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 2022. The dividends will be payable on January 31, February 28, and March 31, 2022, to stockholders of record on January 21, February 18, and March 23, 2022. LTC is a REIT focused on seniors housing and healthcare properties, owning or holding mortgages on 190 properties across 27 states.

LTC Properties, Inc. (NYSE: LTC) has announced a $52.5 million unitranche loan for the acquisition of a 13-property seniors housing portfolio in North and South Carolina. This financing package includes an additional $6.1 million for capital improvements and $650,000 for working capital, totaling an estimated $60 million investment. The loan carries a 7.25% interest rate with an internal rate of return of 8% and matures in four years. Wendy Simpson, the Chairman and CEO, emphasized LTC's strong balance sheet and successful history in providing financing solutions to regional operators.

LTC Properties, Inc. (NYSE: LTC) reported third-quarter 2021 results, revealing a net income of $10.9 million, down from $12.1 million in 2020. Diluted earnings per share were $0.28 versus $0.31 last year. NAREIT FFO attributable to common stockholders fell to $17.7 million, compared to $22.8 million in Q3 2020. Key factors impacting performance included lower rental income due to unpaid leases, although this was offset by increased rental income from re-leasing properties and completed developments. LTC transitioned several assisted living facilities and executed a $3.25 million settlement with Senior Care and Abri Health.

LTC Properties Inc. (NYSE: LTC), a real estate investment trust focused on seniors housing and health care properties, will participate in the NAREIT REITworld Virtual Annual Conference from November 9 to November 11, 2021. The firm’s presentation materials will be accessible online at ir.ltcreit.com/Investors. LTC owns or holds first mortgages on 177 properties across 27 states, with its portfolio evenly divided between seniors housing and skilled nursing. Further details can be found at www.LTCreit.com.

LTC Properties, Inc. (NYSE: LTC) announced the origination of $46 million in new investments since Q3 2021, comprising four separate loans with a weighted average term of 3.2 years. These investments are expected to generate $3.5 million in annual interest income. The recent strategy emphasizes shorter-term investments to mitigate risks, enhancing relationships with new and existing partners. Key deals include a $27 million unitranche loan for a skilled nursing center in Louisiana and a $12.5 million senior loan for an assisted living facility in Florida.

LTC Properties, Inc. (NYSE:LTC) will release its third-quarter earnings on October 28, 2021 after market close. A conference call to discuss the company's performance for the quarter ending September 30, 2021 is scheduled for October 29, 2021, at 8:00 a.m. PT. The call will be accessible via webcast and toll-free numbers. LTC, a REIT focused on seniors housing and healthcare properties, owns or holds mortgages on 176 investments across 27 states. More details can be found on their official website.

LTC Properties, Inc. (NYSE:LTC) has announced a monthly cash dividend of $0.19 per share for the fourth quarter of 2021. The payment dates are set for October 29, November 30, and December 31, 2021, with payment to stockholders of record on October 21, November 19, and December 23, 2021, respectively. The company focuses on real estate investments in seniors housing and healthcare properties, managing 176 investments across 27 states, evenly split between seniors housing and skilled nursing.

LTC Properties (NYSE: LTC) announced the transfer of 11 skilled nursing centers in Texas to HMG Healthcare following a settlement with bankrupt entities Senior Care Centers, LLC and Abri Health Services, LLC. The United States Bankruptcy Court approved a $3.25 million payment from LTC for the transition, expected by October 1, 2021. The centers will be leased to HMG under a one-year agreement with rent based on cash flows. LTC is also negotiating a secured working capital loan with HMG.

LTC Properties, Inc. (NYSE: LTC) reported significant growth for Q2 2021, with net income available to common stockholders reaching $18.1 million, or $0.46 per diluted share, a notable increase from $1.8 million in Q2 2020. Funds from Operations (FFO) also rose to $22.2 million, compared to $12.0 million year-over-year. Despite higher rental income, the results were partially offset by decreased rental income due to non-payments and deferred rent associated with Senior Lifestyle. The company successfully sold multiple properties, generating over $35 million in proceeds.